Today’s Cyndx Insights features FreeWire’s latest funding round and Randori’s $20M raise. See more of both sectors with Extra Insights, powered by Cyndx Finder.
EV Charging: Companies Going Beyond the Grid
FreeWire Technologies closed $25M in Series B funding yesterday. The San Leandro, CA-based company “merges beautiful design with convenient services” for power solutions that are simple, scalable, and mobile, according to their website. (Read the full article here. )
They’re not the only private company producing grid-adjacent electrification, however. Cyndx Finder identified over 500, including EverCharge, a developer of electric vehicle (EV) charging technology identified by our algorithms as 99.9% similar to FreeWire.
Cybersecurity Startups: Still Growing Strong
Even with current economic conditions, Forbes expects the global cybersecurity market will be worth $270B by 2026 — in fact, Cyndx found 195 companies like Randori projected to raise additional capital within the next 6 months.
M&A Opportunities Continue for Data Centers
Data center companies also made a strong showing this quarter — since the start of 2020, total M&A deal value in the industry has reached $15B for 28 deals. Cyndx analyzed companies similar to Interxion, which Digital Realty acquired for $8.4B in March, and discovered hundreds of comparables internationally.
Looking for investment targets in the alternative energy or cybersecurity sectors? Contact Cyndx for a free demo of our private company search tools.