10 Hot Startups That Raised VC Funding In August
Follow The Money
Several members of a new wave of cybersecurity companies, launched to provide threat intelligence and to secure the Internet of Things, were among the startups that pulled in venture capital funding in August. Our list of VC deals affecting the IT channel last month also saw strong showings from next-gen storage companies and emerging players in the big data space.
What follows are our picks for 10 IT startups to watch that raised VC funding in August.
Databricks
Headquarters: San Francisco
CEO: Ali Ghodsi
Funding: $140 million, Series D
Investors: Andreessen Horowitz (led the round), New Enterprise Associates, Battery Ventures, Future Fund Investment Co., A.Capital Partners, Geodesic Capital, Green Bay Ventures
What it does: Developer of the Unified Analytics Platform, which is based on Apache Spark and used for large-scale data analytics and artificial intelligence
Dragos
Headquarters: Hanover, Md.
CEO: Robert M. Lee
Funding: $10 million, Series A
Investors: Energy Impact Partners and Allegis Capital (co-led the round), DataTribe
What it does: Provider of security software for monitoring and responding to threats against industrial control systems
Druva
Headquarters: Sunnyvale, Calif.
CEO: Jaspreet Singh
Funding: $80 million, growth equity round
Investors: Riverwood Capital (led the round), Sequoia Capital India, Nexus Venture Partners, Tenaya Capital
What it does: Offers cloud-based protection and management for data, by tapping public cloud resources and aggregating data from cloud apps, endpoints and servers
GuardiCore
Headquarters: San Francisco and Tel Aviv, Israel
CEO: Pavel Gurvich
Funding: $15 million, extension to Series B
Investors: TPG Growth and Greenfield Partners (co-led the round), Battery Ventures, 83North, Cisco Investments, Dell Technologies Capital
What it does: Provides detection of cybersecurity breaches using technologies including threat deception and automated response
LookingGlass Cyber Solutions
Headquarters: Reston, Va.
CEO: Chris Coleman
Funding: $26.3 million
Investors: Eastward Capital, Triangle Peak Partners, Alsop Louie Partners, Neuberger Berman, NewSpring Capital
What it does: Provider of an advanced threat intelligence management platform that enables users to correlate, prioritize and act upon threats
Primary Data
Headquarters: Los Altos, Calif.
CEO: Lance Smith
Funding: $20 million
Investors: Pelion Venture Partners, Accel Partners, Battery Ventures
What it does: Offers software for automated data management across both the cloud and on-premises IT infrastructure
Redis Labs
Headquarters: Mountain View, Calif.
CEO: Ofer Bengal
Funding: $44 million, Series D
Investors: Goldman Sachs Private Capital Investing, Bain Capital Ventures and Carmel Ventures (co-led the round), Dell Technologies Capital
What it does: Offers an enterprise version of the in-memory data structure server Redis, which aims to make database scaling easier and less expensive
UnifyID
Headquarters: San Francisco
CEO: John Whaley
Funding: $20 million, Series A
Investors: New Enterprise Associates (led the round), Andreessen Horowitz, Stanford StartX, Accomplice
What it does: Developer of authentication technology that uses passive behavioral analytics and machine learning to identify users
Wasabi Technologies
Headquarters: Boston
CEO: David Friend
Funding: $10.8 million
Investors: CloudScale Capital Partners
What it does: Developer of a cloud storage service that aims to store data faster and at a significantly lower cost than Amazon S3
ZingBox
Headquarters: Mountain View, Calif.
CEO: Xu Zou
Funding: $22 million, Series B
Investors: Dell Technologies Capital and Triventures (co-led the round), Stanford StartX, GSR Ventures, Oriza Ventures and Envision Ventures
What it does: Provider of technology to secure Internet of Things devices in vertical markets including health care and retail