10 Hot Startups That Raised VC Funding In April

Follow The Money

Startups working in next-gen storage were on a roll in April, as three of the fundings on our list went to companies in the storage realm. Another three fundings on our list went to up-and-coming players in cybersecurity, including a big round for managed cloud security firm Armor. Meanwhile, two companies in the Internet of Things space also raised major rounds in April.

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


Headquarters: Richardson, Texas

CEO: Chris Drake

Funding: $89 million

Investors: ST Telemedia

What it does: Offers managed multi-layer security for public and private clouds, aimed at protecting against data breaches


Headquarters: Santa Clara, Calif.

CEO: Mohit Aron

Funding: $90 million, Series C

Investors: GV and Sequoia Capital (co-led the round), Cisco, HPE, Accel, ARTIS Ventures, Battery Ventures, DHVC, Foundation Capital, Qualcomm Ventures, Trinity Ventures, Wing Venture Capital

What it does: Developer of hyper-converged infrastructure technology targeting secondary storage

Dome9 Security

Headquarters: Mountain View, Calif.

CEO: Zohar Alon

Funding: $16.5 million, Series C

Investors: SoftBank Group Corp.

What it does: Creator of a platform to simplify security operations and speed up compliance in public and multi-cloud environments


Headquarters: Seattle

CEO: Bill Richter

Funding: $30 million, Series C

Investors: Northern Light Venture Capital (led the round), Kleiner Perkins, Top Tier Capital Partners, Tyche Partners

What it does: Developer of scale-out storage technology


Headquarters: Redwood Shores, Calif.

CEO: Manish Sood

Funding: $40 million, Series C

Investors: NEA (led the round), Sapphire Ventures, Crosslink Capital, .406 Ventures

What it does: Provider of a Platform-as-a-Service that enables enterprises to build data-driven applications with reliable master data management


Headquarters: Houston

CEO: Eddie Habibi

Funding: $40 million

Investors: Tinicum

What it does: Provider of security for industrial control systems such as distributed control systems, programmable logic controllers, turbo machinery controls and compressor control systems


Headquarters: Seattle

Co-founder: Vivian Li

Funding: $18 million, Series B

Investors: Bosch, Sumitomo and Tsing Capital

What it does: Offers the Alpha Product Suite, a solution for implementing an IoT sensor network that is easy to manage and monitor

Snowflake Computing

Headquarters: San Mateo, Calif.

CEO: Bob Muglia

Funding: $100 million, Series D

Investors: ICONIQ Capital (led the round), Madrona Venture Group, Altimeter Capital, Redpoint Ventures, Sutter Hill Ventures, Wing Ventures

What it does: Offers data warehousing technology that aims to enable users to easily store, transform and analyze their business data with high performance

Tegile Systems

Headquarters: Newark, Calif.

CEO: Rohit Kshetrapal

Funding: $33 million, Series D

Investors: Western Digital Corp. (led the round), Meritech Capital, Capricorn Investment Group, Cross Creek Capital

What it does: Provider of all-flash and hybrid-flash storage


Headquarters: San Francisco

CEO: Ben Bernstein

Funding: $17 million, Series B

Investors: Polaris Partners (led the round), YL Ventures, TenEleven, Rally Ventures

What it does: Provides vulnerability management and authentication for containers