10 Hot Startups That Raised VC Funding In February

Follow The Money

The cloud stayed red-hot in February as venture investors sank funds into startups focused on cloud computing for storage, networking and security, among other areas. Meanwhile, companies focused on other types of cybersecurity issues -- including in novel areas such as voice fraud -- also raised rounds during the month.

Notably, corporate venture capital investment was a leading theme in February -- with AT&T, Cisco Systems, Google, Microsoft and Qualcomm among the major vendors that struck funding deals with startups.

What follows are our picks for 10 IT startups to watch that raised VC funding in February.


Headquarters : San Jose, Calif.

CEO: Jeff Chou

Funding: $18 million, Series B

Investors : Northgate Capital (led the round), CRV, DFJ, Translink, GSR Ventures

What it does: Developer of a bare-metal hyper-converged infrastructure appliance that is built for containerized applications


Headquarters: Pleasanton, Calif.

CEO: Tim Prendergast

Funding: $22 million, Series C

Investors: GV (led the round), Bain Capital Ventures, True Ventures, Venrock

What it does: Creator of software that monitors public cloud workloads for security risks, then provides guidance about remediation options


Headquarters: San Mateo, Calif.

CEO: Nir Polak

Funding: $30 million, Series C

Investors: Lightspeed Venture Partners and Cisco Investments (co-led the round), Norwest Venture Partners, Aspect Ventures, Icon Ventures, Shlomo Kramer

What it does: Provider of security intelligence and management solutions that aim to replace the need for legacy SIEM products

Flo Live

Headquarters: Barcelona, Spain

CEO: Percy Grundy

Funding: $4.2 million, Series A

Investors: ARIE Capital, Golden Sunflower Capital

What it does: Developer of offerings for securing Internet of Things networks


Headquarters: Cambridge, Mass.

CEO: Steve Kokinos

Funding: $104 million

Investors: Wellington Management Company (led the round), Greenspring Associates, Summit Partners, Bessemer Venture Partners, G20

What it does: Provider of a cloud-based unified communications platform, featuring voice, videoconferencing and collaboration services


Headquarters: Santa Clara, Calif.

CEO: Pradeep Sindhu

Funding: $32.5 million, Series A

Investors: Mayfield, Walden Riverwood Ventures, Battery Ventures, Juniper Networks

What it does: Developer of full-stack offering for cloud data center infrastructure

Mojo Networks

Headquarters: Mountain View, Calif.

CEO: Rick Wilmer

Funding: $30 million (includes Series E and debt)

Investors: Presidio Partners, Trident Capital, Granite Ventures, North Haven Expansion Credit (sponsored by Morgan Stanley Private Credit and Equity), Walden Riverwood Ventures, Alpha Technologies

What it does: Provider of a cloud-managed Wi-Fi offering, focused on large enterprises and educational organizations

Pindrop Security

Headquarters: Atlanta

CEO: Vijay Balasubramaniyan

Funding: Undisclosed amount

Investors: John Chambers (executive chairman of Cisco)

What it does: Developer of technology for protecting against voice fraud, which is able to authenticate a person who is calling based on their voice


Headquarters: Palo Alto, Calif.

CEO: Jason Forrester

Funding: $25 million, Series A

Investors: Norwest Venture Partners (led the round), Lightspeed Venture Partners, AT&T, Microsoft Ventures

What it does: Developer of FlexSwitch, an open network stack aimed at enterprises

Storj Labs

Headquarters: Atlanta

CEO: Shawn Wilkinson

Funding: $3 million, seed round

Investors: GV, Qualcomm Ventures, Techstars

What it does: Developer of an open-source, distributed cloud storage platform