From cybersecurity and crypto to healthcare and more, several Atlanta tech companies wrapped up a busy Q2 with fresh funding. The Peach State Capital’s five largest tech funding rounds raked in a collective $117 million in June. With fresh capital at their disposal, these businesses plan to expand their product lines and hire additional staff. Read on to see which tech companies raised the most capital last month.
#5. $15 million, June 7
Cloud-based cybersecurity platform DefenseStorm’s Series C raise included a $5 million investment from JAM FINTOP with the remaining capital coming from existing investors. To date, DefenseStorm has raised $67 million. The Alpharetta-based company offers cybersecurity, fraud and compliance solutions to banks and financial institutions.
#4. $20 million, June 7
The crypto tax and accounting platform’s Series A was led by EJF Capital. Funds will be used to expand Ledgible’s product offerings and team. The company also plans to partner with more enterprises and accounting firms.
#3. $25 million, June 21
VIDAA is a smart TV streaming and operating platform that offers local and global content. It received a $25 million strategic investment from Tremor International last month. VIDAA plans to use the fresh capital to increase its distribution and grow its reach in the U.S., U.K., Germany, Canada, Australia and Japan. The Atlanta-based company is actively hiring for engineers, content and program specialists and more.
#2. $27 million, June 22
The $27 million Series C-1 brings Florence Healthcare’s total capital raise to $114.1 million. Florence Healthcare offers a software platform that streamlines workflows and digitizes documents for clinics and hospitals that run clinical trials. With plans to expand its offerings to include site feasibility and selection, the company also intends to grow its team across all departments. It is actively hiring for remote-first roles.
#1. $30 million, June 1
Atlanta-based Bark Technologies helps parents keep their kids safe online with its AI-backed digital safety tool that looks for harmful content across apps, emails, text messages and more than 30 social media platforms. With the recent close of its $30 million Series C, the company will grow its international footprint and solidity strategic partnerships. Bark is currently used to protect nearly 6 million kids at home and at more than 3,200 schools and districts in Guam, South Africa, Australia and the U.S.