15 IT Startups That Hauled In Big Funding In Q4 2016
Closing Out A Big Year
The innovations that drew major funding from venture capital investors weren't restricted to the consumer space in the fourth quarter of 2016. In fact, many of the top funding rounds went to companies focused on the enterprise. These included funding for startups working in cloud storage, threat intelligence, Internet of Things and next-gen networking.
What follows are our picks for 15 IT startups to watch that added funding in the fourth quarter of 2016.
Barefoot Networks
Headquarters: Palo Alto, Calif.
CEO: Martin Izzard
Funding: $23 million, Series C extension
Investors: Alibaba, Tencent
What it does: Maker of the fully user-programmable Tofino switching chips, which can be programmed to the liking of the network owner.
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: Boston
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.
Databricks
Headquarters: San Francisco
CEO: Ali Ghodsi
Funding: $60 million, Series C
Investors: New Enterprise Associates (led the round), Andreessen Horowitz
What it does: Provider of software for building and deploying advanced analytics solutions.
Datrium
Headquarters: Sunnyvale, Calif.
CEO: Brian Biles
Funding: $55 million, Series C
Investors: New Enterprise Associates (led the round), Lightspeed Venture Partners
What it does: Developer and manufacturer of server flash storage systems.
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.
Nasuni
Headquarters: Natick, Mass.
CEO: Andres Rodriguez
Funding: $17.5 million, Series E
Investors: Sigma Prime Ventures (led the round), Flybridge Capital Partners, North Bridge Venture Partners, Sigma Partners
What it does: Provider of enterprise file services to distributed organizations.
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.
Particle
Headquarters: San Francisco
CEO: Zach Supalla
Funding: $10.4 million
Investors: Root Ventures, O’Reilly Alpha Tech Ventures, Rincon Venture Partners
What it does: Provider of Particle Cloud, a platform used for developing secure IoT software and managing devices.
Prevalent
Headquarters: Warren, N.J.
CEO: Jonathan Dambrot
Funding: $60 million, Series C
Investors: Insight Venture Partners
What it does: Provider of third-party risk management and cyberthreat intelligence.
Proficio
Headquarters: Carlsbad, Calif.
CEO: Brad Taylor
Funding: $12 million
Investors: Kayne Anderson Capital Advisors
What it does: Delivers managed security services including continuous security monitoring and alerting and advanced threat detection.
Relayr
Headquarters: Boston
CEO: Josef Brunner
Funding: $23 million
Investors: Munich Re/HSB Ventures (led the round), Kleiner Perkins Caufield & Byers, Munich Venture Partners.
What it does: Enterprise IoT middleware platform for easily and securely connecting to any cloud or device.
SnapLogic
Headquarters: San Mateo, Calif.
CEO: Gaurav Dhillon
Funding: $40 million, Series F
Investors: Vitruvian Partners (led the round), Andreessen Horowitz, Capital One, Ignition Partners, NextEquity Partners, Triangle Peak Partners
What it does: Provider of self-service platform for enterprise integration of data, applications and devices.
Starry Internet
Headquarters: Boston
CEO: Chet Kanojia
Funding: $30 million
Investors: Not disclosed
What it does: Developer of a gigabit-capable wireless internet service (currently in pilots).