Follow The Money: 10 Recent Tech VC Investments To Watch In October

October Roundup

As October comes to a close, CRN takes a look back at the tech venture capital investments over the past few weeks and picks a few of our favorites. This month saw a lot of big-player investments in big data, cloud and mobility startups. Take a look at this month's roundup.


Headquarters: Palo Alto, Calif., and New York
CEO: Max Schireson
New Funding: $150 million
Round: Undisclosed
Backers: Unnamed global financial services company, Altimeter Capital,, Intel Capital, NEA, Red Hat and Sequoia Capital

The prize for the largest single-round investment in a database vendor is now held by MongoDB, according to a company statement. MongoDB, developer of the MongoDB NoSQL database designed for big data, already has more than 5 million downloads and more than 600 customers, including Cisco, SAP and It also has more than 250 partners. The $150 million cash infusion brings the company's total investments to $231 million and will allow MongoDB to invest in the original product as well as the MongoDB Management Service for operating at scale, the company said.

Logi Analytics

Headquarters: McLean, Va.
CEO: Brett Jackson
New Funding: $27.5 million
Round: Undisclosed
Backers: LLR Partners, Updata Partners

Logi Analytics is a data analytics company that helps clients look at data from multiple sources. The $27.5 million investment brings the company's total to more than $50 million so far. The latest round will be used to support and develop new products and expand its global markets, according to the company.

"By expanding into new markets and continuing to enhance our highly functional and easy-to-use technology, we can equip more enterprises with the ability to harness insights from their data through analytics," CEO Brett Jackson said in the press release.


Headquarters: Foster City, Calif.
CEO: Michael Tso
New Funding: Undisclosed
Round: B
Backers: Intel Capital

Cloud storage software company Cloudian has been backed for an undisclosed amount by Intel Capital, the investment and merger and acquisition arm of Intel. Already a global company with offices in China and Japan, Cloudian has attracted big-name clients such as Vodafone, Nextel and NTT. It will use the new investment round to improve sales and support and continue its growth into the enterprise marketplace, the company said in a statement.

Q Factor Communications Corp.

Headquarters: Waltham, Mass.
CEO: Subhash Roy
New Funding: $6.5 million
Round: A
Backers: Sigma Prime Ventures, Venrock

Along with its Series A funding of $6.5 million comes the reveal of Q Factor's focus on mobility device content delivery. As mobile devices become more popular, Q Factor works to improve mobile performance and make sure mobile-rich content can still be viewed on the go.

The software-only solution will be available early next year, the company said.


Headquarters: Somerville, Mass.
Co-Founders: Natan Linder, Maxim Lobovsky
New Funding: $19 million
Round: A
Backers: DFJ Growth, Pitango Venture Capital, Innovation Endeavors, angel investors

After a widely successful Kickstarter campaign that raised close to $3 million, Formlabs has received $19 million in a Series A funding round. The company has already shipped more than 900 of its accessible, high-resolution desktop 3-D printers and will use the funding to further expand services, develop new software and expand material capabilities, according to a company statement.

"The group we're putting together to get here is the most creative and passionate team working in 3D printing and I'm personally excited about using this new investment to grow our team and take digital fabrication to the next level," said Maxim Lobovsky, co-founder of Formlabs, in a press release.

Prism Skylabs

Headquarters: San Francisco
CEO: Steve Russell
New Funding: $15 million
Round: B
Backers: Intel Capital, Presidio Ventures, Triangle Peak, Data Collective and Expa

Since 2011, Prism Skylabs has been bringing Web-style analytics and remote access to retailers and packaged goods companies, with more than 80 global customers including Fortune 500 companies. The insight is used to provide analytic on consumer interactions to help improve customer experiences. The new round of capital will be used to continue growth and develop additional products, according to a company statement.


Headquarters: Waltham, Mass.
CEO: Neal Creighton
New Funding: $12 million
Round: B
Backers: Goldman Sachs, Fairhaven Capital, private investors

CounterTack offers multiple solutions that provide threat detection and attack behavior analysis to better defend against targeted attacks. The company will use the new funding to develop its go-to-market strategy and global reach. In terms of funding, the latest round might not be the last for the company either, CEO Neal Creighton said in the press release.

"The market has shown tremendous interest in our approach to securing enterprise endpoints and defending against highly targeted and persistent attacks. As a result of our momentum, we are currently oversubscribed, with the potential for CounterTack to receive additional funding in this round," Creighton said.


Headquarters: New York
CEO: Andrew Toy
New Funding: $12 million
Round: B
Backers: Google Ventures, Comcast Ventures, Qualcomm Ventures, Globespan Capital Partners, Harmony Partners

BYOD specialist Enterproid has received $12 million in Series B funding, led by Google Ventures, and adopted the name of its flagship product Divide, which provides simple, secure solutions for enterprise mobile devices to segment business and personal data. The latest round of investment brings the company's total to $25 million and will be used to grow the company, allowing it to invest in partnerships, the company said in a statement.


Headquarters: Denver
CEO: Patrick Quinlan
New Funding: $10 million
Round: B
Backers: SAP Ventures, Azure Capital, Rho Capital Partners, and Mantucket Capital, City National Bank

Convercent provides integrated cloud application-based solutions that help companies manage compliance issues. The funding was led by SAP Ventures, the first funding put forward by the company since it was launched in September. "Convercent is poised to become a market leader in the governance, risk and compliance industry, with an unwavering vision of how compliance professionals can truly manage their organization’s compliance health in a space wracked with technological fragmentation and billions of dollars in annual fines," said Doug Higgins of SAP Ventures, who has been added to the Convercent board.


Headquarters: Scottsdale, Ariz.
CEO: Hart Cunningham
New Funding: $7 million
Round: B
Backers: Foundry Group, Comcast Ventures, Liberty Global Ventures

Integrate, the first closed-loop marketing and media relations solution, has raised $7 million in Series B funding, bringing the company's total funding to $22.25 million, according to a company statement. The funding plus new CMO and CFO appointments put the company in a good position to capitalize on the $40 billion-a-year spent on marketing automation, the statement said. The new funding will be used to invest in the platform and grow the management team.