While a few companies raked in new capital, others made other moves last week. Read up on the latest. This is the Built In Colorado weekly refresh.
Strata Identity secured $11M. With its new Series A capital, the Boulder-based cybersecurity company is planning to scale its business. As more companies are moving onto the cloud, Strata developed a platform that helps these enterprises manage identity and security policies across multiple cloud services. The funding round was led by Menlo Ventures. [Crunchbase News]
Cin7 made two new acquisitions. The Denver-based developer of inventory and order management software recently announced it acquired DEAR Systems and Orderhive. These new partnerships will enable Cin7 to better help vendors of all types with shipping, manufacturing, warehouse management and automations. It currently serves more than 6,000 sellers. [PR Newswire]
Colorado Tech Quote of the Week
Matillion pulled in $100M. After seeing increased popularity surrounding its data platform since more businesses have shifted to remote work, Matillion secured a Series D funding round led by Lightspeed Venture Partners in order to keep up with the rise in demand. Its platform focuses on cloud-native data integration and transformation across multiple cloud-based sources. The company is also hiring for several roles based out of its Denver office. [Built In Colorado]
Red Canary got $81M. Its cybersecurity platform offers an overall view of enterprises’ online activity, enabling their security teams to keep tabs on endpoints, networks or the cloud and protect against potential threats. With the Series C funding led by Summit Partners, the company is looking to invest in R&D as well as grow its sales and marketing teams. [Built In Colorado]
