15 IT Startups That Hauled In Big Funding In Q4 2016

Closing Out A Big Year

The innovations that drew major funding from venture capital investors weren't restricted to the consumer space in the fourth quarter of 2016. In fact, many of the top funding rounds went to companies focused on the enterprise. These included funding for startups working in cloud storage, threat intelligence, Internet of Things and next-gen networking.

What follows are our picks for 15 IT startups to watch that added funding in the fourth quarter of 2016.

Barefoot Networks

Headquarters: Palo Alto, Calif.

CEO: Martin Izzard

Funding: $23 million, Series C extension

Investors: Alibaba, Tencent

What it does: Maker of the fully user-programmable Tofino switching chips, which can be programmed to the liking of the network owner.


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.


Headquarters: Boston

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: San Francisco

CEO: Ali Ghodsi

Funding: $60 million, Series C

Investors: New Enterprise Associates (led the round), Andreessen Horowitz

What it does: Provider of software for building and deploying advanced analytics solutions.


Headquarters: Sunnyvale, Calif.

CEO: Brian Biles

Funding: $55 million, Series C

Investors: New Enterprise Associates (led the round), Lightspeed Venture Partners

What it does: Developer and manufacturer of server flash storage systems.

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.


Headquarters: Natick, Mass.

CEO: Andres Rodriguez

Funding: $17.5 million, Series E

Investors: Sigma Prime Ventures (led the round), Flybridge Capital Partners, North Bridge Venture Partners, Sigma Partners

What it does: Provider of enterprise file services to distributed organizations.

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: San Francisco

CEO: Zach Supalla

Funding: $10.4 million

Investors: Root Ventures, O’Reilly Alpha Tech Ventures, Rincon Venture Partners

What it does: Provider of Particle Cloud, a platform used for developing secure IoT software and managing devices.


Headquarters: Warren, N.J.

CEO: Jonathan Dambrot

Funding: $60 million, Series C

Investors: Insight Venture Partners

What it does: Provider of third-party risk management and cyberthreat intelligence.


Headquarters: Carlsbad, Calif.

CEO: Brad Taylor

Funding: $12 million

Investors: Kayne Anderson Capital Advisors

What it does: Delivers managed security services including continuous security monitoring and alerting and advanced threat detection.


Headquarters: Boston

CEO: Josef Brunner

Funding: $23 million

Investors: Munich Re/HSB Ventures (led the round), Kleiner Perkins Caufield & Byers, Munich Venture Partners.

What it does: Enterprise IoT middleware platform for easily and securely connecting to any cloud or device.


Headquarters: San Mateo, Calif.

CEO: Gaurav Dhillon

Funding: $40 million, Series F

Investors: Vitruvian Partners (led the round), Andreessen Horowitz, Capital One, Ignition Partners, NextEquity Partners, Triangle Peak Partners

What it does: Provider of self-service platform for enterprise integration of data, applications and devices.

Starry Internet

Headquarters: Boston

CEO: Chet Kanojia

Funding: $30 million

Investors: Not disclosed

What it does: Developer of a gigabit-capable wireless internet service (currently in pilots).