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10 Cool Tech Companies That Raised Funding In June 2021

Rick Whiting

Next-generation cybersecurity, big data and machine learning technology developers were among the companies that reported new rounds of funding in June.

Claroty

Headquarters: New York

CEO: Yaniv Vardi

Funding: The $140 million Series D round of funding brings the company’s total financing to $235 million and is likely the company’s last funding round before going public.

Investors: The round was co-led by Bessemer Venture Partners’ Century II fund and 40 North, the investment arm of New York-based global industrial company Standard Industries. Additional strategic investors included Korea-based LG and I Squared Capital’s ISQ Global InfraTech Fund. All previous investors also joined the round including Temasek, Team8, and long-time customers and partners Rockwell Automation, Siemens and Schneider Electric.

What company does: Claroty develops cybersecurity technology focused on the industrial side of businesses in manufacturing, automotive, life sciences, and food and beverage industries. The technology is used to secure operating technology, IoT and industrial IoT assets.

CEO Quote: “The industrial economy is going through digital transformation to become more productive. They are taking legacy systems, which were likely air-gapped, and connecting them.”

 
Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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