Bay Area/ San Jose

San Jose companies are attracting major venture funding

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Published on April 24, 2019
San Jose companies are attracting major venture fundingPhoto: AutoX Inc./Facebook

San Jose-based network security company Wootcloud has secured $3.6 million in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 1 and led by Clear Ventures.

According to its Crunchbase profile, "WootCloud's HyperContext platform drives unprecedented device context, visibility and control across the IT/OT landscape."

The three-year-old startup also raised a $2.8 million seed round in 2017.

The round brings total funding raised by San Jose companies in information technology over the past month to $68 million, an increase of $57 million from the month before. The local information technology industry has seen 40 funding rounds over the past year, raking in a total of $1.1 billion in venture funding.

In other local funding news, artificial intelligence and computer vision company AutoX announced a Series A funding round on April 10, financed by Dongfeng Motor Group.

According to Crunchbase, "AutoX is bringing self-driving car technology to your doorstep with our autonomous grocery delivery service."

Founded in 2016, the company has raised two previous rounds, including a $34 million Series A round in 2017.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.