These Colorado Tech Companies Raised March’s Top Funding Rounds

Learn how the companies that secured last month’s largest venture funding sums are investing their fresh capital.

Written by Ashley Bowden
Published on Apr. 01, 2024
These Colorado Tech Companies Raised March’s Top Funding Rounds
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Photo: Shutterstock

Cybersecurity and quantum computing proved to be the most lucrative sectors in Colorado last month, with two tech companies in each space securing fresh venture capital to back their ideas. Check out what new innovations are coming from the Centennial State.

Largest Colorado Tech Funding Rounds, March 2024

  1. Todyl
  2. Defense Unicorns
  3. Maybell Quantum
  4. Vescent


    #4. $5 million, March 7

    Based in Golden, Vescent specializes in commercializing quantum technologies. The company announced a seed round led by Corporate Fuel that will allow it to invest in product introduction, scaling manufacturing to meet customer demand and expanding Vescent’s market reach.


    #3. $25 million, March 4

    Quantum infrastructure company Maybell Quantum offers cryogenic platforms to help researchers and entrepreneurs further quantum computing advancements. The company raised $25 million in funding to expedite the deployment of its systems worldwide. Cerberus Capital Management led the round.


    #2. $35 million, March 7 

    Headquartered in Colorado Springs, Defense Unicorns provides open source software delivery and AI solutions to government agencies. The company secured a round of Series A funding led by Sapphire Ventures and Ansa Capital to enhance its platform capabilities. It’s also hiring product managers, data scientists, platform engineers and software engineers.


    #1. $50 million, March 7

    Todyl is a cybersecurity company that offers modules for secure access service edge, endpoint security, governance, risk and compliance and more. The company pulled in a $50 million Series B round from lead investor Base10 Partners. With the capital, Todyl plans to grow its headcount, particularly on its engineering team as it aims to expedite product development.

    Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in March by tech companies with a headquarters in Colorado. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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