10 Game-Changing IT Startups That Raised Funding In October

Follow The Money

No surprise here: Cybersecurity remained a hot space for startup funding in October. Cloud technologies, especially cloud storage and enterprise cloud management, attracted lots of investor interest as well. Other funding rounds we tracked included investments in enterprise mobility and wireless networking startups. What follows are our picks for 10 IT startups to watch based on funding rounds raised in October.


Headquarters: Santa Barbara, Calif.

CEO: Said Ziouani

Funding: $5 million, seed round

Investors: Andreas von Blottnitz, Menlo Ventures managing director Doug Carlisle.

What it does: Provides a platform and tools for securing the contents of software containers.

Blue Medora

Headquarters: Grand Rapids, Mich.

CEO: Nathan Owen

Funding: $8.6 million, Series B

Investors: Lewis & Clark Ventures (led the round), VMware, eLab Ventures, Start Garden, Grand Angels

What it does: Offers software for enterprise cloud and data center management, with a focus on providing a single view of applications, databases and infrastructure.


Headquarters: San Mateo, Calif.

CEO: Michael Tso

Funding: $41 million, Series D

Investors: Lenovo, City National Bank, Epsilon Venture Partners, DVP Investment, Intel Capital, INCJ, Eight Roads, Goldman Sachs.

What it does: Provides hybrid cloud object storage systems, which include petabyte-scale storage and data protection combined with analytics capabilities.



CEO: Ernesto DiGiambattista

Funding: $6.3 million, seed round

Investors: Capstone Ventures, Petrillo Capital

What it does: Provides a platform to enterprises for integrating security into the application delivery process--in a way that doesn't disrupt the production environment.


Headquarters: Miami

CEO: Jonathan Lieberman

Funding: $3.5 million

Investors: John McIntire, Eric Kamisher

What it does: Offers a cloud workspace service – including desktops, software applications and entire corporate IT systems – aimed at IT service providers.

Mist Systems

Headquarters: Cupertino, Calif.

CEO: Sujai Hajela

Funding: $28 million, Series B

Investors: GV (led the round), Lightspeed Venture Partners, Norwest Venture Partners, Cisco Investments

What it does: Provider of wireless networking technologies using a programmable microservices cloud architecture that can adapt to user needs.

Nexus Systems

Headquarters: Falls Church, Va.

CEO: Tom Coolidge

Funding: $28 million, growth equity round

Investors: Mainsail Partners

What it does: Provider of software for automating and managing the entire accounts payable process.

Nozomi Networks

Headquarters: Menlo Park, Calif.

CEO: Edgard Capdevielle

Funding: $7.5 million, Series A

Investors: GGV Capital and Lux Capital (co-led the round), Planven Investments

What it does: Provider of cybersecurity and operational visibility for industrial control systems.


Headquarters: Austin, Texas

CEO: Rob Hirschfeld

Funding: Undisclosed amount

Investors: SK Ventures

What it does: Provides an automated software platform for management of hybrid cloud and data-center infrastructure, with benefits including faster cloud migrations and reduced sprawl for operations.


Headquarters: Cupertino, Calif.

CEO: Amitabh Sinha

Funding: $6.2 million, Series B

Investors: Presidio Ventures (led the round), Follow[the]Seed, Helion, Translink, WTI

What it does: Provider of enterprise mobility technologies in the form of next-generation, cloud-native virtual desktop infrastructure (VDI).