Several companies in the cybersecurity space are fueling significant growth initiatives following sizable funding raises last month. The Bay Area’s largest raises each tied for first with $100 million each. Find out what companies are growing their solutions and teams backed by stacks of fresh capital.
Top SF Tech Funding Rounds, August 2023
- Resilience
- Modular
- Apollo.io
- Endor Labs
- Rondo Energy
#3. $60 million, August 17
Environmentally conscious company Rondo Energy develops industrial batteries that are based on brick and iron wire. Providing a more affordable energy storage solution than hydrogen or chemical batteries, Rondo wants to invest its latest financing, from investors like Breakthrough Energy Ventures, in expediting the rollout of its heat batteries across the globe.
#2. $70 million, August 3
Headquartered in Palo Alto, Endor Labs offers a cybersecurity platform that works to reduce the burden application security places on developers. The company pulled in a round of Series A funding from investors like Lightspeed Venture Partners and Coatue that will help it expand into new geographies as well into more areas of code and pipeline security.
#1. (tied) $100 million, August 29
Operating a sales and marketing tech platform, Apollo helps companies operationalize their go-to-market strategy, generate pipeline and improve team performance with AI-driven guidance. Apollo secured a Series D round from lead investor Bain Capital Ventures that brings its valuation to $1.6 billion. The company plans to grow to 1,000 team members by 2025 and is hiring across its engineering, marketing and sales, design, product, legal and people teams.
#1. (tied) $100 million, August 25
Modular provides developers with the infrastructure to build AI-powered solutions. It aims to help improve the nature of AI programmability, scalability, compute efficiency and more. The company secured $100 million in capital in a round led by General Catalyst that will help it further its vision for the future of AI infrastructure.
#1. (tied) $100 million, August 7
Cybersecurity company Resilience recently secured a round of Series D funding spearheaded by Intact Ventures. The raise will go toward expanding its global reach and scaling adoption of its cyber risk platform. Resilience offers a solution that helps clients in sectors like finance and information security assess, measure and manage their cyber risk.
.jpeg)
