Financing Finds: Cybersecurity, AI, and Cloud Bargains Gathered

July 1, 2024
1 min read

TLDR:

  • Huntress cybersecurity startup raised $150 million in funding and is valued at over $1.5 billion.
  • Databricks acquired data-management startup Tabular for over $1 billion.

The month of June saw significant investments in cloud, data, cybersecurity, and AI startups, with notable funding rounds and acquisitions taking place in these sectors.

In terms of funding deals:

  • Zingly raised $10 million seed funding from various investors.
  • Cube completed a $25 million funding round with new and previous investors.
  • AirMDR closed a $5 million Seed round led by Foundation Capital.

In acquisitions:

  • Tech Data acquired IT security distributor Orca Tech in ANZ.
  • Cloudera acquired Verta’s operational AI platform.
  • OpenAI acquired Rockset, a leading real-time analytics database.

These funding rounds and acquisitions highlight the growing investment and activity in the cloud, data, cybersecurity, and AI sectors, signaling a continued focus on innovation and technology advancement.

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