Security News
Rick Whiting
Cybersecurity technology providers are most prominent among the companies who reported raising new financing in September, along with a leading cloud storage provider and developers of data transformation, IoT and Kubernetes application observability technologies.
Follow The Money
The availability of venture capital and other funding for IT startups and IT companies seeking financial resources to maintain growth continues to be tighter than it has been in recent years. Funding rounds also generally remain smaller than prior to this year with rounds of $100 million or more now a rarity.
But some IT companies continue to attract robust amounts of financing. In September Wasabi Technologies, a provider of cloud data storage services that’s challenging Amazon Web Services and other cloud giants, raised $250 million in financing – half in equity funding and half through a debt facility.
Companies developing next-generation cybersecurity technologies continue to attract funding. Four such companies, including established security company Malwarebytes and younger companies Cymulate, Fortanix and Dig Security, all reported successful funding rounds last month.
The September funding roundup also includes a startup provider of data transformation technology, an industrial IoT platform developer, and two startups developing Kubernetes application observability technologies.
Here’s a look at 10 companies that raised funding in September 2022.
Rick Whiting
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