The Dallas-Fort Worth tech companies that raised the most funding in February brought in a lot of dough this month. Cybersecurity company Securonix brought in a whopping $1 billion investment, while the other top funding rounds totaled $124 million. All told, it was a dramatic increase over last month’s DFW tech funding total. Read on to learn about these companies that will be growing their teams with the help of fresh funding.
#5. $4 million, February 9
Dallas-based fintech platform Highline will use this seed funding to expand its personal finance platform. The technology allows users to link bill payments straight to their payroll to prevent users from spending any money needed for bills. The goal is to help users avoid missed payments and improve their credit rating.
#4. $5 million, February 16
Dallas-based Aurox is a crypto trading platform with about 60,000 users. The company is developing several new products, such as a decentralized finance app that allows users to conduct blockchain transactions using smart contracts. This funding round is the company’s first step toward becoming a publicly listed company.
#3. $15 million, February 1
Krista is an AI-powered solution that enables companies to leverage their existing IT assets and SaaS apps in automated business workflows. Its goal is to help companies automate conversations between their systems and the employees that use them. The company, which launched last year, will use this funding to build out its engineering and increase headcount by 50 percent.
#2. $100 million, February 1
Dallas-based Island is the developer of a web browser built with the cybersecurity needs of enterprise customers in mind. The software allows companies to have better security control, visibility and governance of their employees’ online activity. The company plans to use this funding to grow its team and fuel go-to-market strategies.
#1. $1 billion, February 15
Addison-based Securonix specializes in “next-gen” security information and event management (SIEM) and extended detection and response (XDR) cybersecurity solutions. Its cloud-native platform offers complete security monitoring that leverages behavior analytics to cut through noise, prioritize high fidelity alerts and help enterprises respond quickly and efficiently to cyber threats. The company will use this growth funding to grow its global team.
