Follow The Money: 20 IT Companies That Collectively Raised $500M In Financing
Whole Lotta Security
July was a nonstop month for venture capital funding in the IT space (perhaps so that VCs can tie up loose ends before the traditional August month off). But startups of one particular stripe were disproportionately active at hauling in new funds in July—security. Other rounds also went to companies involved with the Internet of Things, containers and data analytics.
Here are the 20 funding deals from July that caught our eye in the IT space. Altogether they raised a little more than $490 million.
Sift Security
Headquarters: Menlo Park, Calif.
CEO: Neil King
Funding: $3.25 million
Investors: Freeman Group
What it does: Next-generation cybersecurity threat hunting and incident response platform
Codeship
Headquarters: Boston
CEO: Moritz Plassnig
Funding: $7 million, Series A
Investors: Ascent Venture Partners (led the round), Sigma Prime Partners, Boston Seed Capital, F-Prime Capital
What it does: Hosted continuous integration solutions for automation of software builds and testing
Appthority
Headquarters: San Francisco
CEO: Paul Stich
Funding: $7 million, Series B
Investors: Trident Capital Cybersecurity (led the round), Venrock, US Venture Partners, Blue Coat Systems, Knollwood Investment Authority
What it does: Provides threat protection for enterprise mobile deployments by offering visibility into mobile risk
Veriflow
Headquarters: San Jose, Calif.
CEO: James Brear
Funding: $8.2 million, Series A
Investors: Menlo Ventures (led the round), New Enterprise Associates
What it does: Uses detection of vulnerabilities to prevent network breaches and outages
FlashPoint
Headquarters: New York
CEO: Josh Lefkowitz
Funding: $10 million, Series B
Investors: Greycroft Partners (led the round), Cisco Investments, Jump Capital, Leaders Fund, TechOperators, K2 Intelligence, Bloomberg Beta
What it does: Provides intelligence about business risk by leveraging deep web and dark web data
TwistLock
Headquarters: San Francisco
CEO: Ben Bernstein
Funding: $10 million, Series A
Investors: TenEleven Ventures (led the round), Rally Ventures, YL Ventures
What it does: Vulnerability management and authentication for containers
Grow
Headquarters: Provo, Utah
CEO: Rob Nelson
Funding: $11 million
Investors: Toba Capital
What it does: Aggregates data from spreadsheets and cloud SaaS tools to create custom business-intelligence dashboards
FogHorn
Headquarters: Mountain View, Calif.
CEO: David C. King
Funding: $12 million, Series A
Investors: March Capital and GE Ventures (led the round), Robert Bosch Venture Capital GmbH, Yokogawa Electric Corporation, Darling Ventures
What it does: Industrial Internet of Things software; combines sensor data from industrial machines with cloud-based management, analysis and machine-learning capabilities
B12
Headquarters: New York
CEO: Nitesh Banta
Funding: $12.4 million, Series A
Investors: General Catalyst Partners, Breyer Capital, Founder Collective, SV Angel
What it does: Uses artificial intelligence technologies to rapidly design and improve sophisticated websites
Redis Labs
Headquarters: Mountain View, Calif.
CEO: Ofer Bengal
Funding: $14 million, Series C
Investors: Bain Capital Ventures and Carmel Ventures (led the round)
What it does: Offers an enterprise version of the in-memory data structure server Redis
Safebreach
Headquarters: Sunnyvale, Calif.
CEO: Guy Bejerano
Funding: $15 million, Series A
Investors: Deutsche Telekom Capital Partners, HP Pathfinder, Maverick Ventures, Sequoia Capital, Cato Networks CEO Shlomo Kramer
What it does: Provides continuous validation of security risks, using simulations of hacker activity
Skycure
Headquarters: Palo Alto, Calif.
CEO: Adi Sharabani
Funding: $16.5 million, Series B
Investors: Foundation Capital (led the round), Shasta Ventures, Pitango Venture Capital, New York Life
What it does: Defends against enterprise mobile threats by detecting and preventing cyberattacks in a way that doesn’t compromise user privacy or experience
Redkix
Headquarters: San Mateo, Calif.
CEO: Oudi Antebi
Funding: $17 million
Investors: Salesforce Ventures, Wicklow Capital, SGVC
What it does: Offers a way to enable messaging for work collaboration on top of existing work email accounts
GuardiCore
Headquarters: Tel Aviv, Israel
CEO: Pavel Gurvich
Funding: $20 million, Series B
Investors: Battery Ventures, Cisco Investments, 83North
What it does: Provides a way to detect cybersecurity breaches even if they’ve been missed by other security measures
Reltio
Headquarters: Redwood Shores, Calif.
CEO: Manish Sood
Funding: $22 million, Series B
Investors: New Enterprise Associates (led the round), Crosslink Capital, .406 Ventures
What it does: Offers a platform-as-a-service for data management related to enterprise applications
Bay Dynamics
Headquarters: San Francisco
CEO: Feris Rifai
Funding: $23 million, Series B
Investors: Carrick Capital Partners (led the round), Comcast Ventures
What it does: Offers cyber risk analytics software for measuring and reducing security threats
PhishMe
Headquarters: Leesburg, Va.
CEO: Rohyt Belani
Funding: $42.5 million, Series C
Investors: Paladin Capital Group (led the round), Bessemer Venture Partners
What it does: Cyber-defense solutions for stopping human phishing attacks
Silent Circle
Headquarters: Geneva, Switzerland
CEO: Matt Neiderman (interim)
Funding: $25 million, Series C extension
Investors: Santander Bank
What it does: Software and services for enterprise mobile privacy, along with secure smartphones, most recently Blackphone 2
Darktrace
Headquarters: Cambridge, U.K. and San Francisco
CEO: Nicole Eagan
Funding: $65 million, growth round
Investors: KKR (led the round), Summit Partners, TenEleven Ventures, SoftBank-affiliated SB ISAT Fund
What it does: Software for enterprise cybersecurity using its ’Enterprise Immune System,’ which aims to detect and respond to threats that hadn’t been identified previously
StackPath
Headquarters: Dallas
CEO: Lance Crosby
Funding: $150 million
Investors: ABRY Partners
What it does: Offers a platform that brings together enterprise security solutions with software for improving customer experiences on the web