This week saw some of the largest funding rounds of the year, with Wiz and Skydio both securing major investments. Wiz, a cloud-based security platform, raised $300 million in a Series D funding round led by Coatue Management. The round also included participation from existing investors such as Index Ventures, Sequoia Capital, and Accel. The funding will be used to expand Wiz’s security platform and accelerate its growth.
Skydio, an autonomous drone company, also secured a major investment this week. The company raised $230 million in a Series C funding round led by Andreessen Horowitz. The round also included participation from existing investors such as Playground Global and Accel. The funding will be used to expand Skydio’s autonomous drone technology and accelerate its growth.
These two rounds are part of a larger trend of large investments in tech companies this year. According to PitchBook data, venture capital investments in tech companies have already surpassed the total for all of 2019. This trend is likely to continue as investors look for opportunities to capitalize on the rapid growth of the tech industry.
The investments in Wiz and Skydio are particularly noteworthy as they demonstrate investors’ confidence in the future of cloud-based security and autonomous drone technology. Both companies are well-positioned to capitalize on the growing demand for these technologies and their respective funding rounds will help them accelerate their growth.
Overall, this week’s 10 largest funding rounds demonstrate the continued strength of the tech industry and investors’ confidence in its future. With Wiz and Skydio both securing major investments, it is clear that these two companies are well-positioned to capitalize on the growing demand for their respective technologies.
Source: Plato Data Intelligence: PlatoAiStream