10 Game-Changing IT Startups That Raised Funding In August

Follow The Money

Of the scores of the startups in the enterprise IT space that hauled in new funding last month, 10 stood out for their novel approaches to tackling vexing problems in cybersecurity, data management, cloud services and IoT. It wasn't all about software, though, as the newly funded startups also include developers of a new type of memory and a ground-breaking 3D printer. What follows are our picks for the 10 IT startups to watch that raised funding rounds in August.


Headquarters: Bellevue, Wash.

CEO: Jon Gelsey

Funding: $15 million, Series B

Investors: Trinity Ventures (led the round), Bessemer Venture Partners, K9 Ventures, Silicon Valley Bank

What it does: Provides software for identity authentication in enterprises, which aims to allow users to quickly and easily integrate any application on any device

Cloud Technology Partners

Headquarters: Boston

CEO: Chris Greendale

Funding: Series C round (amount undisclosed)

Investors: Rackspace, State Street Bank, Pritzker Group Venture Capital

What it does: Offers cloud services and software to enterprises that are seeking to move to cloud providers such as Amazon Web Services, Google and Microsoft


Headquarters: Framingham, Mass.

CEO: Omer Schneider

Funding: $9 million

Investors: Flint Capital (led the round), Glilot Capital Partners, Swarth Group, GlenRock, ff Venture Capital

What it does: Offers cybersecurity solutions aimed at industrial IoT, including real-time detection of operational incidents and cyberthreats

Diablo Technologies

Headquarters: San Jose, Calif.

CEO: Mark Stibitz

Funding: $37 million, Series C

Investors: Genesis Capital, GII Tech Ventures, Battery Ventures, BDC Capital, Celtic House Venture Partners, Hasso Plattner Ventures, ICV

What it does: Developer of Memory1, a new type of memory module that aims to enable a reduced need for data center servers

Distil Networks

Headquarters: San Francisco and Arlington, Va.

CEO: Rami Essaid

Funding: $21 million, Series C

Investors: Silicon Valley Bank, Bessemer Venture Partners, Foundry Group, Techstars

What it does: Offers software for detecting and blocking malicious bots without impacting legitimate website traffic


Headquarters: Somerville, Mass.

CEO: Max Lobovsky

Funding: $35 million, Series B

Investors: Foundry Group (led the round), Autodesk, DFJ Growth, Pitango Venture Capital, Cagni Ventures

What it does: Maker of 3-D printers including the Form 2, which uses stereolithography for printing high-resolution physical objects

MapR Technologies

Headquarters: San Jose, Calif.

CEO: Matt Mills

Funding: $50 million

Investors: Future Fund (led the round), Google Capital, Lightspeed Venture Partners, Mayfield Fund, New Enterprise Associates, Qualcomm Ventures, Redpoint Ventures

What it does: Offers a "converged data platform" for distributed data processing and real-time analytics, in both cloud and on-premise environments


Headquarters: Palo Alto, Calif.

CEO: Bipul Sinha

Funding: $61 million, Series C

Investors: Khosla Ventures (led the round)

What it does: Offers cloud data management software that aims to enable protection of data, search, analytics and other functions for enterprises that employ a hybrid cloud approach



CEO: John Czupak

Funding: $12 million, Series B

Investors: New Enterprise Associates (led the round), Blu Venture Investors, Center for Innovative Technology

What it does: Provides a threat intelligence platform, ThreatQ, which works by correlating external data sources with internal analytics


Headquarters: Washington, D.C.

CEO: John Ackerly

Funding: $29 million, Series A

Investors: Bessemer Venture Partners (led the round), New Enterprise Associates, Soros Fund Management, Haystack Partners, Quadrant Capital Advisors, Blue Delta Capital

What it does: Provides email and file encryption that's aimed at being both easy to use and affordable