10 Cool Tech Companies That Raised Funding In June 2021
Next-generation cybersecurity, big data and machine learning technology developers were among the companies that reported new rounds of funding in June.
Headquarters: Redwood City, Calif.
CEO: Satyen Sangani
Funding: The $110 million Series D funding round brings the company’s total financing to $217 million and boosts its market valuation to $1.2 billion.
Investors: The funding round was led by Riverwood Capital and included participation from new investors Sanabil Investments and Snowflake Ventures and existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures and Union Grove Partners.
What company does: Alation develops data catalog software and tools for data governance and data search and discovery – all under the “data intelligence” description – that businesses and organizations use to identify and manage data assets for business intelligence, AI and machine learning tasks, and for meeting data regulatory and governance requirements.
CEO Quote: “We just think we have such a massive market opportunity in building out the data intelligence category and realizing its full vision and capability. There are so many different elements of data – the complexities with data and making it really, really simple is something we could spend the next 20 years on and still have work to do.”