10 Game-Changing IT Startups That Raised Funding In January
Follow The Money
January was another busy month for venture capital deals in the cybersecurity space, including for next-gen security startups in the cloud, network and endpoint realms. Notable funding rounds during the month also went to startups that offer innovations in hybrid cloud, flash storage and networking technologies.
What follows are our picks for 10 IT startups to watch that added funding in January.
Aryaka
Headquarters: Milpitas, Calif.
CEO: Shawn Farshchi
Funding: $45 million, Series D
Investors: Third Point Ventures (led the round), Deutsche Telekom Capital Partners
What it does: Provider of SD-WAN (software-defined wide area network) technologies for enterprise customers
Bitglass
Headquarters: Campbell, Calif.
CEO: Nat Kausik
Funding: $45 million, Series C
Investors : Future Fund, New Enterprise Associates, Norwest, Singtel Innov8
What it does: Provider of a cloud security access broker solution for securing applications and mobile devices
Illusive Networks
Headquarters: Tel Aviv, Israel, and New York
CEO: Ofer Israeli
Funding: Undisclosed amount
Investors: Microsoft Ventures
What it does: Provider of deception-based cybersecurity technologies, which install decoy data to root out attackers already in an environment
Kaminario
Headquarters: Needham, Mass.
CEO: Dani Golan
Funding: $75 million
Investors : Waterwood (led the round), Sequoia, Pitango, Lazarus, Silicon Valley Bank, Globespan Capital Partners
What it does: Developer of the Kaminario K2 all-flash storage array, which aims to bring benefits around agility, scalability and performance
Opaq Networks
Headquarters: Herndon, Va.
CEO: Glenn C. Hazard
Funding: $21 million, Series A
Investors: Columbia Capital (led the round), Harmony Partners, Zero-G Inc.
What it does: Provider of network security-as-a-service, which aims to be a more centralized and simpler network security option for enterprises
Panzura
Headquarters: Campbell, Calif.
CEO: Patrick Harr
Funding: $32 million
Investors: Matrix Partners (led the round), Meritech Capital Partners, Opus Capital, Chevron, Western Digital
What it does: Developer of hybrid cloud storage technology, which acts as a gateway to public cloud vendors such as Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud
Phantom
Headquarters: Palo Alto, Calif.
CEO: Oliver Friedrichs
Funding: $13.5 million, Series B
Investors: Kleiner Perkins (led the round), TechOperators Venture Capital, Blackstone, Foundation Capital, In-Q-Tel, Rein Capital
What it does: Provider of a platform for automation and orchestration of security operations, which aims to increase productivity and effectiveness, and help to make up for the gap in security skills in many enterprises
ProtectWise
Headquarters: Denver
CEO: Scott Chasin
Funding: $25 million, Series B
Investors: Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital
What it does: Provider of cloud-based network security, specializing in recording enterprise data that can be searched later on in order to understand the impact of any events
SentinelOne
Headquarters: Palo Alto, Calif.
CEO: Tomer Weingarten
Funding: $70 million, Series C
Investors: Redpoint Ventures (led the round), Sound Ventures, Third Point Ventures, Data Collective, Granite Hill Capital Partners, Westly Group, SineWave Ventures
What it does: Provider of an endpoint security platform that brings together threat detection, prevention and remediation technologies -- specifically for nation state, terrorism and organized crime threats
Turbonomic
Headquarters: Boston
CEO: Ben Nye
Funding: $50 million
Investors: General Atlantic (led the round), Bain Capital Ventures, Highland Capital, Globespan Capital Partners, Iconiq
What it does: Provider of a platform for hybrid cloud performance, which uses autonomic computing to match workload demand with compute, storage and network resources