10 Hot Startups That Raised VC Funding In March

Follow The Money

March was a big month for big data startups, as four of the fundings on our list went to companies working in next-gen analytics and data warehousing. Fundings for two up-and-coming players in networking also stood out, as did rounds for startups developing offerings for the Internet of Things, machine learning and storage. As far as he investor side goes, New Enterprise Associates was the most active venture capital firm on our list with investments into three of the deals, while Cisco and Google each took part in two of the fundings on our list.

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


Headquarters: Boise, Idaho

CEO: George Mulhern

Funding: $89 million, Series C

Investors: TCV

What it does: Provides wired and wireless WAN offerings that are based in the cloud


Headquarters: Boston

CEO: Jeremy Achin

Funding: $54 million, Series C

Investors: New Enterprise Associates (led the round)

What it does: Developer of an enterprise platform for automating machine learning, with the goal of delivering more accurate predictions


Headquarters: New York

CEO: Niall Murphy

Funding: $24.8 million, Series B

Investors: Sway Ventures (led the round), Generation Ventures, Bloc Ventures, Cisco, Samsung, Atomico, Dawn Capital

What it does: Creator of an IoT platform that helps enterprises manage "smart" products, by giving each product a digital identity in the cloud during manufacturing


Headquarters: Santa Clara, Calif.

CEO: Avinash Lakshman

Funding: $21.5 million, Series C

Investors: EDBI and HP Pathfinder (co-led the round), Atlantic Bridge Ventures, True Ventures, Vertex Ventures

What it does: Provider of software-defined hyper-scale storage offerings that aim to protect data through replication across multiple private and public clouds


Headquarters: San Jose, Calif.

CEO: Amar Arsikere

Funding: $15 million, Series B

Investors: Centerview Capital Technology (led the round), Nexus Venture Partners

What it does: Provides an automated data warehousing offering via a cloud platform, which helps to enable high-performance queries on the data


Headquarters: San Mateo, Calif.

CEO: Osama Elkady

Funding: $10 million, Series A

Investors: GV (formerly Google Ventures)

What it does: Developer of a real-time analytics platform that aims to replace traditional data warehouses


Headquarters: Santa Cruz, Calif.

CEO: Frank Bien

Funding : $81.5 million, Series D

Investors: Google's CapitalG fund (led the round), Geodesic Capital, Goldman Sachs, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures, Sapphire Ventures

What it does: Provider of a central platform for data analytics that can be used for "hundreds of solutions," including analytics for marketing, sales and products, as well as account management and customer support


Headquarters: San Francisco

CEO : Todd Mostak

Funding: $25 million, Series B

Investors: New Enterprise Associates (led the round), Nvidia, Vanedge Capital, Verizon Ventures

What it does: Developer of GPU-powered analytics technology for enhanced exploration of large data sets


Headquarters: San Francisco

CEO: Mark Weiner

Funding: $22.5 million, Series C

Investors: C5 Capital (led the round), Jerusalem Venture Partners, Carmel Ventures, Intel Capital, Seagate Technology

What it does: Provides all-flash storage and hybrid-flash storage arrays as well as data management offerings


Headquarters: Mountain View, Calif.

CEO: Sanjay Uppal

Funding: $35 million, Series D

Investors: Hermes Growth Partners (led the round), Telstra Ventures, New Enterprise Associates, Venrock, March Capital Partners, Cisco Investments, Khazanah Nasional Berhad (Government of Malaysia investment fund)

What it does: Provides a cloud-delivered SD-WAN offering that customers can deploy through a pay-as-you-go subscription