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10 Cool Tech Companies That Raised Funding In May 2021


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.
By
Rick Whiting June 09, 2021, 10:15 AM EDT
Follow The Money
Startup companies pushing the technology envelope in cloud and IoT cybersecurity, big data governance and integration, and cloud data storage were among the big winners in attracting new venture financing in May.
Acronis, a developer of cyber data backup and protection systems, topped this month’s list with a $250 million funding haul. Big data startups Immuta and Airbyte reported impressive funding rounds in May as did cybersecurity startups Wiz and Salt Security. ....

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Data Intelligence Software Developer Alation Raises $110M In New Funding Round


Data Intelligence Software Developer Alation Raises $110M In New Funding Round
Snowflake Ventures is among the new investors and Alation and Snowflake plan to integrate their platforms and undertake a number of go-to-market initiatives.
By
Rick Whiting June 03, 2021, 05:44 PM EDT
Data intelligence technology developer Alation has raised $110 million in a Series D round of funding that boosts the company’s market valuation to $1.2 billion.
The new funding round, led by Riverwood Capital, brings the Redwood City, Calif.-based company’s total financing to $217 million, including a $50 million Series C round in January 2019.
The funding round 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. ....

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Databricks Launches Data Sharing Initiative, Machine Learning Offering


Databricks Launches Data Sharing Initiative, Machine Learning Offering
Databricks continues to expand its portfolio of big data software around the Databricks Lakehouse Platform – all designed to unify all data, analytics and AI workloads.
By
Rick Whiting June 01, 2021, 06:22 PM EDT
Databricks has launched a project to create an open-source data sharing protocol for securely sharing data across organizations in real time, independent of the platform on which the data resides.
The Delta Sharing initiative, part of Databrick’s open-source Delta Lake project, has already attracted support from a number of data providers, including NASDAQ, S&P and Factset, and leading IT vendors including Amazon Web Services, Microsoft and Google Cloud, according to Databricks. ....

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