Follow The Money: 10 Notable Tech Venture Capital Investments In February

Show Me The Money

Security startups and companies developing software for data analysis tasks continue to capture a large share of the funding that venture capital firms are investing in IT.

Here's a look at 10 information technology companies, mostly startups, but a few that have been around awhile, that pulled in a collective $435 million in February.

Aria Systems

Headquarters: San Francisco

CEO: Tom Dibble

New Funding: $50 million

Round: Series E

Backers: Bain Capital Ventures, Hummer Winblad Venture Partners, InterWest Partners, Venrock, Rembrandt Venture Partners, Madison Bay Capital Partners, Hercules Technology Growth Capital and VMware.

Founded in 2003, Aria Systems provides cloud-based billing and recurring revenue management applications. The company said its bookings in 2015 grew 145 percent over 2014.

In February the company named industry veteran David Wittenkamp to be its new chief financial officer and former SAP executive Andres Botero as chief marketing officer.


Headquarters: San Francisco

CEO: Roy Katmor

New Funding: $21 million

Round: Series A

Backers: Rembrandt Venture Partners, Carmel Ventures and Lightspeed Venture Partners.

Cybersecurity startup Ensilo, founded in 2014, takes the position that security technology such as firewalls and antivirus tools for keeping out the bad guys has largely failed. The company develops what it calls a "real-time targeted attack exfiltration prevention platform" that prevents critical data from being removed from a compromised IT system.

Fuze (formely ThinkingPhones)

Headquarters: Cambridge, Mass.

CEO: Steve Kokinos

New Funding: $112 million

Round: Series E

Backers: Summit Partners, Bessemer Venture Partners and Technology Crossover Ventures.

Fuze provides a Unified Communications-as-a-Service platform with global voice, video and collaboration services. ThinkingPhones acquired Fuze in February and adopted its name.

The company, which grew revenue by more than 100 percent in 2015, plans to use the additional capital to expand global operations and invest in product innovation with a specific focus on simplifying enterprise communications.


Headquarters: New York

CEO: Matt Straz

New Funding: $30 million

Round: Series C-1

Backers: Sequoia, Matrix Partners, True Ventures and Greenspring Associates.

Namely develops a human resource management, payroll and benefits application platform targeting midmarket companies.

The new funding follows Namely's C Series of funding in June and brings the company's total financing to $107.8 million. The company will use the new funding to continue development of its applications and expand the range of the software's integration with other HR and finance systems.

Seven Bridges

Headquarters: Cambridge, Mass.

CEO: Deniz Kural

New Funding: $45 million

Round: Series A

Backers: Kryssen Capital

Seven Bridges develops a suite of cloud-based biomedical data analysis software used in genomic research that's focused on cancer treatment and precision medicine. The company recently announced the availability of the Seven Bridges Platform on Google Cloud, allowing it to be deployed in multi- and hybrid-cloud environments.


Headquarters: New York

CEO: Amos Stern

New Funding: $4 million

Round: Early Stage/Angel Funding

Backers: 83North Venture Capital, David Strohm of Greylock Partners, Alex Pinchev (Rackspace president of global sales and marketing), Alex Daly (founder and former CEO of ArcSight), Tom Gilroy (Intel executive vice president) and Matrix CEO Moti Gutman.

Siemplify emerged from stealth mode in February with its Siemplify Threat Analysis Platform that the company said employs the same advanced cybersecurity methodologies used by leading military intelligence organizations.

The security system links existing security, threat intelligence and risk management tools, correlates security alerts, identifies and prioritizes incidents, and graphically depicts threats.

Skybox Security

Headquarters: San Jose, Calif.

CEO: Gidi Cohen

New Funding: $96 million

Round: Private Equity

Backers: Providence Strategic Growth.

Skybox Security develops security analytics software that extracts information from cybersecurity data to provide insights about IT system vulnerabilities. IT managers and chief security officers use the information to quickly make informed decisions about where to direct security resources in the event of an attack.

The company plans to use the new funding to grow its routes to market, expand hiring and accelerate technology development.


Headquarters: San Francisco

CEO: Adam Wilson

New Funding: $35 million

Round: Growth Stage Financing

Backers: Accel Partners, Greylock Partners, Ignition Partners and Cathay Innovation.

Trifacta develops software for "data wrangling," the process of transforming raw, complex data into clean, structured formats for analysis. The company grew sales by more than 700 percent in 2015, adding such customers as Proctor & Gamble, Sanofi, Pfizer and PepsiCo.

The new round of funding brings Trifacta's total financing to $76 million. The company plans to use the new capital to fuel the growth of its global field organization and the continued development of its products.


Headquarters: Palo Alto, Calif.

CEO: Ajay Arora

New Funding: $17 million

Round: Series B

Backers: Sutter Hill Ventures, Battery Ventures and Amplify Partners.

Startup Vera, originally known as Veradocs before emerging from stealth in April 2015, develops data security software the company says replaces outdated perimeter and device protection technologies by giving businesses complete control of their digital information, wherever it may be.

Vera has now raised $31 million in venture funding. Since its launch, the company has added customers in financial services, media and entertainment, manufacturing and technology.


Headquarters: Redwood City, Calif.

CEO: Justin Langseth

New Funding: $25 million

Round: Series C

Backers: Goldman Sachs' Principal Strategic Investments Group, Comcast Ventures, Accel, Columbus Nova Technology Partners and NEA.

Zoomdata develops big data analytics software, based on the company's Data Sharpening technology, for the visual analysis of real-time streaming and historical data. The company also offers Zoomdata Fusion for joining big data with other data stores.

Zoomdata has raised a total of $47.2 million since its 2012 launch. In February, the company said its 2015 annual recurring revenue bookings grew by a factor of 11 over 2014.