What do funding a company means ?

Hey there :

i’m in the internet marketing industry but i’m not that much into financles and stuff,
few months a after any startup company get started you see them anouncing that they got funded by big numbers by big companies and investors, what is that mean ? can somebody explain ?

a friend of mine started an online service back in aprile, i don’t really see the purpose behinde it and i don’t like it, but even thaugh he got funded with a million dollars ? what is that mean ?

Thanks

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