10 Game-Changing IT Startups That Raised Funding In January

Follow The Money

January was another busy month for venture capital deals in the cybersecurity space, including for next-gen security startups in the cloud, network and endpoint realms. Notable funding rounds during the month also went to startups that offer innovations in hybrid cloud, flash storage and networking technologies.

What follows are our picks for 10 IT startups to watch that added funding in January.


Headquarters: Milpitas, Calif.

CEO: Shawn Farshchi

Funding: $45 million, Series D

Investors: Third Point Ventures (led the round), Deutsche Telekom Capital Partners

What it does: Provider of SD-WAN (software-defined wide area network) technologies for enterprise customers


Headquarters: Campbell, Calif.

CEO: Nat Kausik

Funding: $45 million, Series C

Investors : Future Fund, New Enterprise Associates, Norwest, Singtel Innov8

What it does: Provider of a cloud security access broker solution for securing applications and mobile devices

Illusive Networks

Headquarters: Tel Aviv, Israel, and New York

CEO: Ofer Israeli

Funding: Undisclosed amount

Investors: Microsoft Ventures

What it does: Provider of deception-based cybersecurity technologies, which install decoy data to root out attackers already in an environment


Headquarters: Needham, Mass.

CEO: Dani Golan

Funding: $75 million

Investors : Waterwood (led the round), Sequoia, Pitango, Lazarus, Silicon Valley Bank, Globespan Capital Partners

What it does: Developer of the Kaminario K2 all-flash storage array, which aims to bring benefits around agility, scalability and performance

Opaq Networks

Headquarters: Herndon, Va.

CEO: Glenn C. Hazard

Funding: $21 million, Series A

Investors: Columbia Capital (led the round), Harmony Partners, Zero-G Inc.

What it does: Provider of network security-as-a-service, which aims to be a more centralized and simpler network security option for enterprises


Headquarters: Campbell, Calif.

CEO: Patrick Harr

Funding: $32 million

Investors: Matrix Partners (led the round), Meritech Capital Partners, Opus Capital, Chevron, Western Digital

What it does: Developer of hybrid cloud storage technology, which acts as a gateway to public cloud vendors such as Amazon Web Services, Microsoft Azure, Google Cloud and IBM Cloud


Headquarters: Palo Alto, Calif.

CEO: Oliver Friedrichs

Funding: $13.5 million, Series B

Investors: Kleiner Perkins (led the round), TechOperators Venture Capital, Blackstone, Foundation Capital, In-Q-Tel, Rein Capital

What it does: Provider of a platform for automation and orchestration of security operations, which aims to increase productivity and effectiveness, and help to make up for the gap in security skills in many enterprises


Headquarters: Denver

CEO: Scott Chasin

Funding: $25 million, Series B

Investors: Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital

What it does: Provider of cloud-based network security, specializing in recording enterprise data that can be searched later on in order to understand the impact of any events


Headquarters: Palo Alto, Calif.

CEO: Tomer Weingarten

Funding: $70 million, Series C

Investors: Redpoint Ventures (led the round), Sound Ventures, Third Point Ventures, Data Collective, Granite Hill Capital Partners, Westly Group, SineWave Ventures

What it does: Provider of an endpoint security platform that brings together threat detection, prevention and remediation technologies -- specifically for nation state, terrorism and organized crime threats


Headquarters: Boston

CEO: Ben Nye

Funding: $50 million

Investors: General Atlantic (led the round), Bain Capital Ventures, Highland Capital, Globespan Capital Partners, Iconiq

What it does: Provider of a platform for hybrid cloud performance, which uses autonomic computing to match workload demand with compute, storage and network resources