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Running your business news
Rick Whiting
Next-generation technology developers in cloud database services, machine and deep learning, cybersecurity and edge computing are among the companies reporting new funding.
Follow the money
As economic uncertainty continues, the amount of venture capital flowing into IT startups in the summer of 2022 appears to be drying up faster than Lake Mead. A few companies are now reporting new funding opportunities. And where a year ago cash flows of $100 million or more were relatively common, today most rounds are well below that threshold.
Some companies, however, continue to find success by raising new capital to support their growth.
As has been true for the past two years, companies in cybersecurity (Bishop Fox and Swimlane) and big data (SingleStore and Neon) make up a disproportionate share of the companies pulling in venture funding on the July list.
But July’s list also includes developers in the machine learning and deep learning space (Tecton and DC), edge computing technology providers (Scale Computing and Zedda), and developers of next-generation transistors (FinWave Semiconductor) and application delivery network technology. Fly.io).
One noticeable change: The number of companies following their financial statements in July is the highest it has been for some time. Bishop Fox was founded in It is in 2005, for example, the scale calculation was started in 2007. Single Storage in 2011, FinWave Semiconductor in 2012 and Swimlane in 2014. Others that made the list were founded between 2016 and 2019. Database Only – As – A is the latest startup from service developer Neon, founded in 2021.
Check out the 10 companies that raised funding in July 2022.
Rick Whiting
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