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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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Salt Security

Headquarters: Palo Alto, Calif.

CEO: Roey Eliyahu

Funding: The company raised $70 million in a Series C round of funding, bringing its total financing to $131 million.

Investors: The round was led by Advent International through Advent Tech, with participation from Alkeon Capital and DFJ Growth. Existing investors Sequoia Capital, Tenaya Capital, S Capital VC and Y Combinator also participated in the round.

What the company does: Salt Security provides API security technology used to enhance software security earlier in the development cycle.

CEO Quote: “We are not going to allow anyone get near us [in API security]. Our goal is maintaining this leadership in dominating this category.”

 
 
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