10 Game-Changing IT Startups That Raised Funding In November
Follow The Money
As the Internet of Things catches fire in the IT world -- and particularly in the channel -- plenty of startups are helping to push IoT innovation forward. On our list of companies that raised new funding rounds in November, two are up-and-comers in the Internet of Things space. They're joined by other startups in the realms of cybersecurity, networking, containers and cloud services.
What follows are our picks for 10 IT startups to watch that added funding in November.
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
Freshdesk
Headquarters: San Bruno, Calif.
CEO: Girish Mathrubootham
Funding: $55 million, Series F
Investors: Sequoia Capital India (led the round), Accel Partners
What it does: Offers a cloud-based customer support platform
Helpshift
Headquarters: San Francisco
CEO: Abinash Tripathy
Funding: Extension of Series B round (amount undisclosed)
Investors: Cisco Investments
What it does: Provider of real-time customer support inside mobile apps
Heptio
Headquarters: Seattle
CEO: Craig McLuckie
Funding: $8.5 million, Series A
Investors: Accel Partners (led the round), Madrona Venture Group
What it does: Offers an enterprise version of open-source Kubernetes container orchestration
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
ServiceAide
Headquarters: San Jose, Calif.
CEO: Wai Wong
Funding: $12 million
Investors: Arrowroot Capital
What it does: Provides a cloud-based IT service management offering used by small and midsize businesses
Treasure Data
Headquarters: Mountain View, Calif.
CEO: Hiro Yoshikawa
Funding: $25 million, Series C
Investors: SBI and INCJ (led the round), Scale Venture Partners, Sierra Ventures, AME Cloud Ventures, Dentsu, IT-Farm, Bill Tai
What it does: Provider of a cloud platform for Live Data Management, which brings together an organization's data sources (both internal and third-party) for providing insight in real time