10 Game-Changing IT Startups That Raised Funding In September

Follow The Money

The fall is getting off to a busy start for venture capital activity in the enterprise IT space. Of the startups that raised funding rounds last month, 10 stood out for their technologies in the realms of cybersecurity, containers, data management and DevOps. What follows are our picks for the 10 IT startups to watch that raised funding rounds in September.


Headquarters: Ra’anana, Israel

CEO : David Drai

Funding : $8 million, Series B

Investors: Aleph Venture Capital (led the round), Disruptive Technologies L.P.

What it does: Provider of software for surfacing business insights from time series data.

Aqua Security

Headquarters: Tel Aviv, Israel, and San Francisco

CEO: Dror Davidoff

Funding: $9 million, Series A

Investors: Microsoft Ventures (led the round), TLV Partners, Schlomo Kramer

What it does: Provider of a security platform for virtual container applications.

BitSight Technologies

Headquarters: Cambridge, Mass.

CEO: Shaun McConnon

Funding: $40 million, Series C

Investors: GGV Capital (led the round), Flybridge Capital Partners, Globespan Capital Partners, Menlo Ventures, Comcast Ventures, Liberty Global Ventures, Singtel Innov8, CEO Shaun McConnon

What it does: Provider of a security ratings platform, which aims to objectively rate the security performance of companies.

Cato Networks

Headquarters: Tel Aviv, Israel, and Alpharetta, Ga.

CEO: Shlomo Kramer

Funding: $30 million, Series B

Investors: Greylock Partners (led the round), Singtel Innov8, U.S. Venture Partners, Aspect Ventures, company founders Shlomo Kramer and Gur Shatz

What it does: Creator of a cloud-based network -- which connects all branch locations, mobile users and infrastructure -- with enterprise security built into it.

CTERA Networks

Headquarters: Tikvah, Israel

CEO : Liran Eshel

Funding: $25 million, Series C

Investors: Bessemer Venture Partners (led the round), Cisco, Vintage Investment Partners

What it does: Provider of the CTERA Enterprise File Services Platform, used by large companies and service providers for securely storing, syncing and sharing data.


Headquarters: Sunnyvale, Calif.

CEO: Jaspreet Singh

Funding: $51 million, Series E

Investors: Sequoia India (led the round), EDBI, Blue Cloud Ventures, Hercules Capital, NTT Finance, Nexus Venture Partners, Tenaya Capital

What it does: Provider of software for protection and discovery of cloud business data.


Headquarters: San Francisco

CEO: Dave McJannet

Funding: $24 million, Series B

Investors : GGV Capital (led the round), Mayfield, True Ventures, Redpoint

What it does: Developer of open source and enterprise infrastructure products for enabling DevOps.

Podium Data

Headquarters: Lowell, Mass.

CEO: Paul Barth

Funding: $9.5 million, Series A

Investors: Malibu Ventures, Converge Venture Partners, individual investors

What it does: Provider of data management software that aims to boost companies’ access to their most-critical business data.


Headquarters: Beer Sheva, Israel

CEO: Gilad Peleg

Funding: $5 million, Series A

Investors: Orange Digital Ventures, Connecticut Innovations, Jerusalem Venture Partners, Imperva CTO/co-founder Amichai Shulman

What it does: Provider of an advanced threat detection system that aims to provide protection against a fuller scope of cyberattacks (including all affected users, domains and assets) than other systems.

Skyhigh Networks

Headquarters: Campbell, Calif.

CEO: Rajiv Gupta

Funding : $40 million, Series D

Investors: Thomvest Partners (led the round), Greylock Partners, Sequoia Capital

What it does: Cloud Access Security Broker system, which serves as a central control point for protecting data stored in different cloud services.