10 Hot Startups That Raised VC Funding In June
Follow The Money
Offerings for the Internet of Things, hybrid cloud environments and next-gen security were among the recurring themes for startups that raised new venture capital funding in June. Our list of the top 10 IT industry funding announcements in June includes deals for three startups operating in the IoT realm -- two of them focused on Industrial Internet of Things and one offering security for enterprise IoT. Two other startups on our list are providing solutions to enable hybrid cloud deployments among enterprises, while a total of six of the companies are involved with cybersecurity in some form (including the startup doing IoT security).
What follows are our picks for 10 IT startups to watch that raised VC funding in June.
Armis
Headquarters: Palo Alto, Calif.
CEO: Yevgeny Dibrov
Funding: $17 million
Investors: Sequoia Capital, Tenaya Capital
What it does: Offers an agentless security platform for IoT; the platform lets enterprises see and control any device or network, and integrates with existing IT infrastructure.
Augury
Headquarters: New York
CEO: Saar Yoskovitz
Funding: $17 million, Series B
Investors: Eclipse Ventures and Munich Re/HSB Ventures (led the round), Sound Ventures, First Round Capital, Lerer Hippeau Ventures, Pritzker Group Venture Capital
What it does: Provides Industrial IoT offerings, focused on providing diagnostic technology that can predict maintenance needs before malfunctions occur.
CloudHealth Technologies
Headquarters: Boston
CEO: Dan Phillips
Funding: $46 million, Series D
Investors: Kleiner Perkins (led the round), Meritech Capital Partners, .406 Ventures, Sapphire Ventures, Scale Venture Partners
What it does: Offers cloud service management technology that's aimed at enabling hybrid cloud environments, with integrated data reporting and recommendations around cost, performance and security.
Cybereason
Headquarters: Boston
CEO: Lior Div
Funding: $100 million
Investors: SoftBank
What it does: Provides an advanced endpoint detection and response offering, which actively hunts for threats using machine learning, and provides tools such as visibility and forensics when a threat is identified.
Illumio
Headquarters: Sunnyvale, Calif.
CEO: Andrew Rubin
Funding: $125 million, Series D
Investors: J.P. Morgan Asset Management (led the round), Andreessen Horowitz, General Catalyst, 8VC, Accel, Data Collective
What it does: Offers segmentation technology that adapts to both data center and cloud environments, and provides visibility and control over enterprise applications.
MKACyber
Headquarters: Fairfax, Va.
CEO: Mischel Kwon
Funding: $4.1 million, Series A
Investors: Not disclosed
What it does: Provider of managed security operations services and security consulting.
Netskope
Headquarters: Los Altos, Calif.
CEO: Sanjay Beri
Funding: $100 million, Series E
Investors: Lightspeed Venture Partners and Accel (led the round), Social Capital, Iconiq Capital, Sapphire Ventures, Geodesic Capital
What it does: Has a cloud access security broker (CASB)offering, which enables understanding of risky activities along with data protection and incident response in real time.
Obsidian Security
Headquarters: Newport Beach, Calif.
CEO: Glenn Chisholm
Funding: $9.5 million, Series A
Investors: Greylock Partners
What it does: Developing a security product that leverages artificial intelligence for securing hybrid cloud environments within enterprises.
Platform9
Headquarters: Sunnyvale, Calif.
CEO: Sirish Raghuram
Funding: $22 million, Series C
Investors: Canvas Ventures (led the round), HPE, Redpoint Ventures, Menlo Ventures
What it does: Delivers on-premises OpenStack-based infrastructure, managed by a cloud software layer.
Samsara
Headquarters: San Francisco
CEO: Sanjit Biswas
Funding: $40 million, Series C
Investors: General Catalyst (led the round), Andreessen Horowitz
What it does: Offers an internet-connected sensor solution, which includes wireless gateways that transmit data to software in the cloud for industrial customers.