AlleyWatch
March 2021 was the single best month for NYC startup funding in history. These companies led the funding charge with 16 mega ($100M) rounds between them, raising $3.5B in aggregate during the month.
Armed with some data from our friends at CrunchBase, I broke down the largest NYC Startup funding rounds in New York during March 2021. I have included some additional information such as industry, description, round type, total equity funding raised to further the analysis for the state of venture capital in NYC
The AlleyWatch audience is driving progress and innovation on a global scale. With its regional media properties, AlleyWatch serves as the highway for technology and entrepreneurship. There are a number of options to reach this audience of the world’s most innovative organizations and startups at scale including having prominent brand placement in a high-visibility piece like this, which will be read by the vast majority of key influencers in the New York b
Axonius nabs $100M at a $1.2B valuation for its asset management cybersecurity platform
Remote work has become the norm for many businesses in the last year, and today a startup that has built a cybersecurity platform to help manage all the devices connecting to organizations’ wide-ranging networks while also providing a way for those organizations to take advantage of all the best that the quite fragmented security market has to offer is announcing a major round of funding and a big boost to its valuation after seeing its annual recurring revenues grow ten-fold over 15 months.
Axonius, which lets organizations manage and track computing-based assets that are connecting to their networks and then plug that data into some 300 different cybersecurity tools to analyse it has closed a round of $100 million, a Series D that values the company at over $1 billion ($1.2 billion, to be exact).
The tech unicorn fever in Israel is showing no signs of subsiding. Three more local cyber companies Wiz, Orca Security, and Axonius are planning to announce in the coming weeks that they have completed large funding rounds at valuations topping $1 billion each.
All three companies raised more than $50 million in 2020 and are taking advantage of the readily available capital to secure additional rounds, while upping their valuations, shortly after their previous ones.
Assaf Rapaport. Photo: Nathaniel Tobias
Wiz is the youngest of the three, having only been founded in 2020 and having just recently completed its series A funding round. According to market estimates, Wiz’s upcoming round will raise over $100 million and catapult the company’s valuation to well over a billion dollars. Wiz completed its first capital raise only in December, in which it secured $100 million from a series of leading investors, including VC funds Index Ventures, Sequoia, Insight Part
Axonious raises $100 million at a $1 2 billion valuation calcalistech.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from calcalistech.com Daily Mail and Mail on Sunday newspapers.