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10 Cool Tech Companies That Raised Funding In May 2021

Cybersecurity, big data and next-generation cloud storage management technology developers were among the companies that reported new rounds of funding in May.

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Immuta

Headquarters: Boston

CEO: Matthew Carroll

Funding: The $90 million Series D funding round brings the company’s total financing to $169 million.

Investors: Participants included new investors Greenspring Associates, March Capital, NGP Capital and Wipro Ventures, in addition to participation from existing investors Ten Eleven Ventures, Intel Capital, DFJ Growth, Dell Technologies Capital, Citi Ventures and Okta Ventures.

What the company does: Immuta develops an automated data governance platform used by data engineering and data operations teams to maintain granular, dynamic control over who can access data and for what purposes, ensuring data security and privacy compliance.

CEO Quote: “We’ve entered a new era in data and analytics fueled by ubiquitous cloud storage, new cloud data management tools and the rise of DataOps. In this new environment, data teams are challenged to provide secure, scaled access to thousands of cloud data products while maintaining strong security, privacy protection and auditability. Traditional methods of data access control don’t work, don’t scale across cloud compute platforms, and can limit data utility.”

 
 
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