These 5 Atlanta Tech Companies Raised a Combined $530M in January
Atlanta tech companies brought their A-game last month, pulling in ample venture capital to build out their solutions. Though the city’s tech scene has no shortage of software innovations, the top spot was taken by a robotics company. Read more to find out which companies secured the biggest sums and what they each have planned.
#5. $5 million, January 4
More businesses are migrating their data systems onto the cloud — the most accessible and efficient option nowadays. In the same vein, risks are higher than ever for cyberattacks and other threats to their internal information. Working to keep enterprises safe is Kennesaw-based FortifyData with its suite of cybersecurity solutions. The company raised a seed round led by Tech Square Ventures to build new product integrations and grow its headcount by more than 20 people.
#4. $15 million, January 13
Ensuring back-office operations in the construction industry keep up with the modernization of on-site solutions, Flashtract developed software to automate payment and billing processes. Its $15 million Series A, co-led by Addition and Shine Capital, will help it further its capabilities with new products and services. The company also plans to grow its internal team and is hiring across sales, engineering, operations and other departments.
#3. $25 million, January 25
Coming off a year of 10x overall growth, supply chain solution Verusen began 2022 with a bang, pulling in $25 million in Series B funding. Operating in the indirect maintenance, repair and operations sector, Verusen currently serves enterprise clients across 25 countries. The round led by Scale Venture Partners enables the software developer to expand into the direct materials industry amid growing customer demand. The company also hopes to exceed a headcount of 100 by year’s end.
#2. $150 million, January 21
Developing modern solutions for today’s working world, Alpharetta-based OfficeSpace is newly equipped with strategic funding from Vista Equity Partners and plans to invest in expanding its Atlanta workforce. The company develops solutions to help enterprises organize and manage their hybrid workforces. The new capital will primarily go toward furthering its solution and better serving its clients.
#1. $335 million, January 17
Implementing robotics to make warehouse tasks easier for employees, Exotec raised $335 million to launch large-scale deployments of its robots in North America, Europe and Asia. It’s also conducting a global hiring push with the intent of doubling its 300-person headcount by 2023. Goldman Sachs led the Series D round. Exotec has now raised $446 million in venture capital to date and is valued at $2 billion.