Tech startups are continuing to find investment capital, even with the stock market being a little zanier than usual. Read below to find out which North Carolina startup got a little extra funding and which Atlanta company just closed a massive Series B round.
In case you noticed, we’re switching from Friday funding roundups to Monday updates. Keep coming back to Hypepotamus to stay up to date on which tech companies in the South raised capital!
This Winston-Salem-based data management platform and provider of data-first technology stack announced March 17 that Atlanta fund Engage participated in a strategic seed extension, which arrives less than a year since their $4.7 funding round. Fluree uses blockchain cryptography and semantic graph in its stack, and has clients such as the U.S. Air Force, among Fortune 500 companies.
In the announcement, Thiago Olson, managing director at Engage, said Fluree “is providing a transformative solution to a large problem we see in the enterprise space, rethinking data storage and management.”
An SEC filing signed today by CEO Bradley Smith revealed that Atlanta-based Sonar Software recently raised north of $1.6M The company’s website says its software platform helps clients “to create and update processes, integrate systems with confidence, and maintain the integrity of their CRM.”
It wouldn’t be right to ignore the $300M Series B that Atlanta-based Bakkt announced, which Hype covered on March 17. The cryptocurrency startup was launched in 2018 by Intercontinental Exchange, which owns the New York Stock Exchange and nearly two dozen additional global exchanges.