Channel News
Rick Whiting
Time series database developer InfluxData, data observability startup Acceldata and hyperscale networking software company Arrcus are among the companies that raised new financing in February, a list led by cloud security tech provider Wiz.
Follow The Money
The pool of venture capital and other funding sources for IT companies seeking financial resources to maintain their growth continues to dry up. Whereas a year ago each month would see multiple companies announcing funding rounds of $100 million or more, such deals are becoming as rare as, well, unicorns.
With one notable exception, none of the funding deals on the Follow the Money roundup for February exceeded eight figures. Only two, in fact, were more than $50 million.
The major exception to the more limited availability of venture capital was cloud security company Wiz, which collected $300 million in a Series D funding round in February.
Big data continues to be an active IT sector with InfluxData, Acceldata and OneHouse reporting successful funding rounds.
On the bright side, there are a number of seed and Series A funding deals on this month’s list—evidence that if a startup has ground-breaking technology with compelling business use cases, investors are still willing to write funding checks. Attracting venture capital in February, for example, were startups developing AI, next-generation networking and quantum computing technologies.
Here’s a look at 10 companies that raised funding in February 2023.
