Follow the Money: 10 Recent Tech VC Investments To Watch In September

September Roundup

The September round up of tech venture capital investments shows a wide variety of investments in cloud technologies such as migration and monitoring as well as data analytic and security capabilities. CRN breaks down 10 companies that received venture capital funds this month and what they plan to do with the money to continue making moves in tech.

Loggly

Headquarters: San Francisco
CEO: Charlie Oppenheimer
New Funding: $10.5 million
Round: B
Backers: Cisco, Data Collective Venture Capital, Trinity Ventures, True Ventures, Matrix Partners


Loggly is a rapidly growing cloud-based log management service that has achieved a new round of funding after increasing its business by five times over the past year. The business is capitalizing on analyzing the large amount of log data created as more businesses move into the cloud, according to a company press release. The latest round of funding brings the company's venture capital total to $20.9 million. The company plans on using the new capital to further grow the company.

Electric Cloud

Headquarters: Sunnyvale, Calif.
CEO: Steve Brodie
New Funding: $8 million
Round: Not disclosed
Backers: Siemens' Venture Capital, US Venture Partners, Mayfield Fund, RRE Ventures, Rembrandt Venture Partners


As part of its mission to deliver automated and accelerated software delivery, Electric Cloud has received $8 million to increase market share in the growing DevOps market. The company will use the money to increase marketing, sales and engineering.

"We are living in a 24x7 business world, which needs increasingly shorter delivery cycles to maintain a competitive advantage," said CEO Steve Brodie in a prepared statement. "The latest investment ... will ensure Electric Cloud remains at the forefront of the next phase of the DevOps market growth and maturation -- continuous delivery."

Stackdriver

Headquarters: Boston
Co-Founders: Izzy Azeri, Dan Belcher
New Funding: $10 million
Round: B
Backers: Flybridge Capital Partners, Bain Capital Ventures


Stackdriver, a cloud-based application monitoring services startup out of Boston, has received $10 million ahead of plan to put toward servicing an increase in demand and growing delivery of its cloud support and analytics. Stackdriver also rolled out an intelligent monitoring-as-a-service product for AWS to fill the gap between AWS's infrastructure-level analytics and the need for application-level analytics.

Versium

Headquarters: Redmond, Wash.
CEO: Chris Matty
New Funding: $2.5 million
Round: Undisclosed
Backers: TiE Angels Group Seattle


Versium is a data technology company focusing on predictive analytics through its main program Lifedata. The program condenses observational and enterprise data to enhance client marketing strategies and consumer engagement. The company will use the additional funding to push forward the deployment of its predictive analytics scoring technology, according to a press release.

Simplee

Headquarters: Palo Alto, Calif.
CEO: Tomer Shoval
New Funding: $10 million
Round: B
Backers: Heritage Group, The Social+Capital Partnership and Greylock IL


Simplee offers an enterprise cloud platform for healthcare payments and is hoping to update how patients pay their medical bills. Since its 2011 launch, Simplee's flagship program SimpleePAY has managed more than $2 billion of expenses for thousands of patients. The latest round of funding will go toward growing its staff, product investments and increasing marketing efforts.

RiverMeadow Software

Headquarters: San Jose, Calif.
CEO: Mark Shirman
New Funding: $12 million
Round: B
Backers: Cisco, Violin Memory


RiverMeadow Software is a software-as-a-service company that works to automate "as-is" cloud migration. In April, Cisco announced it would use the software as part of its Cloud On-Boarding Service. The funding will be used to fuel growth, more specifically in the engineering team, and meet increasing demand for the product as more businesses move to the cloud, according to a company statement.

CrowdStrike

Headquarters: Irvine, Calif.
CEO: George Kurtz
New Funding: $30 million
Round: B
Backers: Accel Partners, Warburg Pincus


CrowdStrike brings together big data analytics and security intelligence to allow clients to respond to security threats and pinpoint their source through its main product: Falcon Platform. As security becomes a rapidly accelerating threat to enterprise business, CrowdStrike has seen growing momentum in the marketplace. As a result, CrowdStrike's bookings have grown more than 250 percent over six months, according to a company statement. The most recent round of funding will be used to drive innovation and improve the company's go-to-market strategy.

Insightly

Headquarters: San Francisco
CEO: Anthony Smith
New Funding: $10 million
Round: B
Backers: Matt Holleran (founder, managing director of Cloud Apps Management, LLC), Emergence Capital Partners, Sozo Ventures and TrueBridge Capital Partners


Insightly has raised an additional $10 million in funding to put toward its growing CRM tool for small business. The tool connects with Gmail, Outlook and other software commonly used by small businesses. The funding will be used to expand the company globally, fund growing partnerships with other Web-based applications and increase staff and office space.

Unmetric

Headquarters: Chicago
CEO: Lakshmanan Narayan
New Funding: $5.5 million
Round: B
Backers: JAFCO Asia, Nexus Venture Partners


Capitalizing on the popularity of social media as a business tool, Unmetric provides a SaaS platform to provide data on social media so marketers can make more informed and cost-effective decisions. The company has already attracted some big-name customers such as Subway, Wal-Mart, Burberry and Intel. The latest round of funding will be used to expand globally and develop its platform.

BetterCloud

Headquarters: New York City
CEO: David Politis
New Funding: $6 million
Round: B
Backers: Flybridge Capital Partners, Greycroft Partners, TriBeCa Venture Partners and BLH Venture Partners


Thanks to the $6 million in new venture capital funding it landed, Google Apps-evangelist BetterCloud is now growing its FlashPoint cloud application management system to include other leading cloud SaaS applications. The money will be used to expand its engineering team to both develop the company's Google Apps capabilities as well as work on pushing forward into other areas of the cloud, according to a company statement.