10 Hot Startups That Raised VC Funding In April
Follow The Money
Startups working in next-gen storage were on a roll in April, as three of the fundings on our list went to companies in the storage realm. Another three fundings on our list went to up-and-coming players in cybersecurity, including a big round for managed cloud security firm Armor. Meanwhile, two companies in the Internet of Things space also raised major rounds in April.
What follows are our picks for 10 IT startups to watch that raised VC funding in April.
Armor
Headquarters: Richardson, Texas
CEO: Chris Drake
Funding: $89 million
Investors: ST Telemedia
What it does: Offers managed multi-layer security for public and private clouds, aimed at protecting against data breaches
Cohesity
Headquarters: Santa Clara, Calif.
CEO: Mohit Aron
Funding: $90 million, Series C
Investors: GV and Sequoia Capital (co-led the round), Cisco, HPE, Accel, ARTIS Ventures, Battery Ventures, DHVC, Foundation Capital, Qualcomm Ventures, Trinity Ventures, Wing Venture Capital
What it does: Developer of hyper-converged infrastructure technology targeting secondary storage
Dome9 Security
Headquarters: Mountain View, Calif.
CEO: Zohar Alon
Funding: $16.5 million, Series C
Investors: SoftBank Group Corp.
What it does: Creator of a platform to simplify security operations and speed up compliance in public and multi-cloud environments
Qumulo
Headquarters: Seattle
CEO: Bill Richter
Funding: $30 million, Series C
Investors: Northern Light Venture Capital (led the round), Kleiner Perkins, Top Tier Capital Partners, Tyche Partners
What it does: Developer of scale-out storage technology
Reltio
Headquarters: Redwood Shores, Calif.
CEO: Manish Sood
Funding: $40 million, Series C
Investors: NEA (led the round), Sapphire Ventures, Crosslink Capital, .406 Ventures
What it does: Provider of a Platform-as-a-Service that enables enterprises to build data-driven applications with reliable master data management
PAS
Headquarters: Houston
CEO: Eddie Habibi
Funding: $40 million
Investors: Tinicum
What it does: Provider of security for industrial control systems such as distributed control systems, programmable logic controllers, turbo machinery controls and compressor control systems
Sensoro
Headquarters: Seattle
Co-founder: Vivian Li
Funding: $18 million, Series B
Investors: Bosch, Sumitomo and Tsing Capital
What it does: Offers the Alpha Product Suite, a solution for implementing an IoT sensor network that is easy to manage and monitor
Snowflake Computing
Headquarters: San Mateo, Calif.
CEO: Bob Muglia
Funding: $100 million, Series D
Investors: ICONIQ Capital (led the round), Madrona Venture Group, Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures, Wing Ventures
What it does: Offers data warehousing technology that aims to enable users to easily store, transform and analyze their business data with high performance
Tegile Systems
Headquarters: Newark, Calif.
CEO: Rohit Kshetrapal
Funding: $33 million, Series D
Investors: Western Digital Corp. (led the round), Meritech Capital, Capricorn Investment Group, Cross Creek Capital
What it does: Provider of all-flash and hybrid-flash storage
Twistlock
Headquarters: San Francisco
CEO: Ben Bernstein
Funding: $17 million, Series B
Investors: Polaris Partners (led the round), YL Ventures, TenEleven, Rally Ventures
What it does: Provides vulnerability management and authentication for containers