This week, two major tech companies have secured significant funding rounds. Wiz, a cloud-based platform for creating and managing software applications, has raised $300 million in a Series D funding round. Meanwhile, Skydio, a leading provider of autonomous drone technology, has secured $230 million in a Series C funding round.
The Wiz funding round was led by SoftBank Vision Fund 2 and included participation from existing investors such as Sequoia Capital, Accel, and Tiger Global. The new funds will be used to accelerate Wiz’s growth and expand its product offering. The company plans to use the money to invest in research and development, expand its customer base, and hire new talent.
Skydio’s Series C funding round was led by Andreessen Horowitz and included participation from existing investors such as Playground Global and Accel. The new funds will be used to accelerate Skydio’s growth and expand its product offering. The company plans to use the money to invest in research and development, expand its customer base, and hire new talent.
The funding rounds for both Wiz and Skydio are indicative of the growing demand for cloud-based software solutions and autonomous drone technology. This is especially true in the current climate, as businesses are increasingly turning to digital solutions to remain competitive. As such, these investments are likely to have a positive impact on the industry as a whole.
Overall, this week’s funding rounds for Wiz and Skydio demonstrate the growing demand for cloud-based software solutions and autonomous drone technology. With these investments, both companies are well-positioned to capitalize on the current market trends and continue to drive innovation in their respective industries.
Source: Plato Data Intelligence: PlatoAiStream