Security tech providers Apiiro and Bishop Fox, big data software developers Alation and MotherDuck, and machine learning startup Galileo are among the companies that raised new financing in November, a list led by data and memory connectivity technology startup Astera Labs.
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 shrink with fewer companies reporting successful funding rounds in recent months and far fewer winning funding rounds of $100 million or more.
But some IT companies continue to attract significant financing. In November Astera Labs, a developer of purpose-built data and memory connectivity solutions that remove performance bottlenecks from data center systems, raised an impressive $150 million in a Series D round.
WekaIO, which provides a cloud-based data management system for next-generation workloads, raised $135 million, also in a Series D round. And data intelligence platform marketer Alation reported a $123 million Series E round.
As has been the case this year most of the companies on the November list are either in the big data space, including MotherDuck, EdgeDB and Momento, or in the cybersecurity arena including application security company Apiiro, offensive security provider Bishop Fox, and DevSecOps platform developer Boost Security.
Machine learning also remains a hot sector for startups, represented in November by Galileo, which raised $18 million in a Series A funding round.
Here’s a look at 10 companies that raised funding in November 2022.
* Astera Labs
* Bishop Fox
* Boost Security
Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at email@example.com.