10 Game-Changing IT Startups That Raised Funding In August
Follow The Money
Of the scores of the startups in the enterprise IT space that hauled in new funding last month, 10 stood out for their novel approaches to tackling vexing problems in cybersecurity, data management, cloud services and IoT. It wasn't all about software, though, as the newly funded startups also include developers of a new type of memory and a ground-breaking 3D printer. What follows are our picks for the 10 IT startups to watch that raised funding rounds in August.
AuthO
Headquarters: Bellevue, Wash.
CEO: Jon Gelsey
Funding: $15 million, Series B
Investors: Trinity Ventures (led the round), Bessemer Venture Partners, K9 Ventures, Silicon Valley Bank
What it does: Provides software for identity authentication in enterprises, which aims to allow users to quickly and easily integrate any application on any device
Cloud Technology Partners
Headquarters: Boston
CEO: Chris Greendale
Funding: Series C round (amount undisclosed)
Investors: Rackspace, State Street Bank, Pritzker Group Venture Capital
What it does: Offers cloud services and software to enterprises that are seeking to move to cloud providers such as Amazon Web Services, Google and Microsoft
CyberX
Headquarters: Framingham, Mass.
CEO: Omer Schneider
Funding: $9 million
Investors: Flint Capital (led the round), Glilot Capital Partners, Swarth Group, GlenRock, ff Venture Capital
What it does: Offers cybersecurity solutions aimed at industrial IoT, including real-time detection of operational incidents and cyberthreats
Diablo Technologies
Headquarters: San Jose, Calif.
CEO: Mark Stibitz
Funding: $37 million, Series C
Investors: Genesis Capital, GII Tech Ventures, Battery Ventures, BDC Capital, Celtic House Venture Partners, Hasso Plattner Ventures, ICV
What it does: Developer of Memory1, a new type of memory module that aims to enable a reduced need for data center servers
Distil Networks
Headquarters: San Francisco and Arlington, Va.
CEO: Rami Essaid
Funding: $21 million, Series C
Investors: Silicon Valley Bank, Bessemer Venture Partners, Foundry Group, Techstars
What it does: Offers software for detecting and blocking malicious bots without impacting legitimate website traffic
Formlabs
Headquarters: Somerville, Mass.
CEO: Max Lobovsky
Funding: $35 million, Series B
Investors: Foundry Group (led the round), Autodesk, DFJ Growth, Pitango Venture Capital, Cagni Ventures
What it does: Maker of 3-D printers including the Form 2, which uses stereolithography for printing high-resolution physical objects
MapR Technologies
Headquarters: San Jose, Calif.
CEO: Matt Mills
Funding: $50 million
Investors: Future Fund (led the round), Google Capital, Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates, Qualcomm Ventures, Redpoint Ventures
What it does: Offers a "converged data platform" for distributed data processing and real-time analytics, in both cloud and on-premise environments
Rubrik
Headquarters: Palo Alto, Calif.
CEO: Bipul Sinha
Funding: $61 million, Series C
Investors: Khosla Ventures (led the round)
What it does: Offers cloud data management software that aims to enable protection of data, search, analytics and other functions for enterprises that employ a hybrid cloud approach
ThreatQuotient
Headquarters:
CEO: John Czupak
Funding: $12 million, Series B
Investors: New Enterprise Associates (led the round), Blu Venture Investors, Center for Innovative Technology
What it does: Provides a threat intelligence platform, ThreatQ, which works by correlating external data sources with internal analytics
Virtru
Headquarters: Washington, D.C.
CEO: John Ackerly
Funding: $29 million, Series A
Investors: Bessemer Venture Partners (led the round), New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, Blue Delta Capital
What it does: Provides email and file encryption that's aimed at being both easy to use and affordable