10 Game-Changing IT Startups That Raised Funding In October
Follow The Money
No surprise here: Cybersecurity remained a hot space for startup funding in October. Cloud technologies, especially cloud storage and enterprise cloud management, attracted lots of investor interest as well. Other funding rounds we tracked included investments in enterprise mobility and wireless networking startups. What follows are our picks for 10 IT startups to watch based on funding rounds raised in October.
Anchore
Headquarters: Santa Barbara, Calif.
CEO: Said Ziouani
Funding: $5 million, seed round
Investors: Andreas von Blottnitz, Menlo Ventures managing director Doug Carlisle.
What it does: Provides a platform and tools for securing the contents of software containers.
Blue Medora
Headquarters: Grand Rapids, Mich.
CEO: Nathan Owen
Funding: $8.6 million, Series B
Investors: Lewis & Clark Ventures (led the round), VMware, eLab Ventures, Start Garden, Grand Angels
What it does: Offers software for enterprise cloud and data center management, with a focus on providing a single view of applications, databases and infrastructure.
Cloudian
Headquarters: San Mateo, Calif.
CEO: Michael Tso
Funding: $41 million, Series D
Investors: Lenovo, City National Bank, Epsilon Venture Partners, DVP Investment, Intel Capital, INCJ, Eight Roads, Goldman Sachs.
What it does: Provides hybrid cloud object storage systems, which include petabyte-scale storage and data protection combined with analytics capabilities.
Cybric
Headquarters:
CEO: Ernesto DiGiambattista
Funding: $6.3 million, seed round
Investors: Capstone Ventures, Petrillo Capital
What it does: Provides a platform to enterprises for integrating security into the application delivery process--in a way that doesn't disrupt the production environment.
Itopia
Headquarters: Miami
CEO: Jonathan Lieberman
Funding: $3.5 million
Investors: John McIntire, Eric Kamisher
What it does: Offers a cloud workspace service – including desktops, software applications and entire corporate IT systems – aimed at IT service providers.
Mist Systems
Headquarters: Cupertino, Calif.
CEO: Sujai Hajela
Funding: $28 million, Series B
Investors: GV (led the round), Lightspeed Venture Partners, Norwest Venture Partners, Cisco Investments
What it does: Provider of wireless networking technologies using a programmable microservices cloud architecture that can adapt to user needs.
Nexus Systems
Headquarters: Falls Church, Va.
CEO: Tom Coolidge
Funding: $28 million, growth equity round
Investors: Mainsail Partners
What it does: Provider of software for automating and managing the entire accounts payable process.
Nozomi Networks
Headquarters: Menlo Park, Calif.
CEO: Edgard Capdevielle
Funding: $7.5 million, Series A
Investors: GGV Capital and Lux Capital (co-led the round), Planven Investments
What it does: Provider of cybersecurity and operational visibility for industrial control systems.
RackN
Headquarters: Austin, Texas
CEO: Rob Hirschfeld
Funding: Undisclosed amount
Investors: SK Ventures
What it does: Provides an automated software platform for management of hybrid cloud and data-center infrastructure, with benefits including faster cloud migrations and reduced sprawl for operations.
Workspot
Headquarters: Cupertino, Calif.
CEO: Amitabh Sinha
Funding: $6.2 million, Series B
Investors: Presidio Ventures (led the round), Follow[the]Seed, Helion, Translink, WTI
What it does: Provider of enterprise mobility technologies in the form of next-generation, cloud-native virtual desktop infrastructure (VDI).