10 Hot Startups That Raised VC Funding In August

Follow The Money

Several members of a new wave of cybersecurity companies, launched to provide threat intelligence and to secure the Internet of Things, were among the startups that pulled in venture capital funding in August. Our list of VC deals affecting the IT channel last month also saw strong showings from next-gen storage companies and emerging players in the big data space.

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


Headquarters: San Francisco

CEO: Ali Ghodsi

Funding: $140 million, Series D

Investors: Andreessen Horowitz (led the round), New Enterprise Associates, Battery Ventures, Future Fund Investment Co., A.Capital Partners, Geodesic Capital, Green Bay Ventures

What it does: Developer of the Unified Analytics Platform, which is based on Apache Spark and used for large-scale data analytics and artificial intelligence


Headquarters: Hanover, Md.

CEO: Robert M. Lee

Funding: $10 million, Series A

Investors: Energy Impact Partners and Allegis Capital (co-led the round), DataTribe

What it does: Provider of security software for monitoring and responding to threats against industrial control systems


Headquarters: Sunnyvale, Calif.

CEO: Jaspreet Singh

Funding: $80 million, growth equity round

Investors: Riverwood Capital (led the round), Sequoia Capital India, Nexus Venture Partners, Tenaya Capital

What it does: Offers cloud-based protection and management for data, by tapping public cloud resources and aggregating data from cloud apps, endpoints and servers


Headquarters: San Francisco and Tel Aviv, Israel

CEO: Pavel Gurvich

Funding: $15 million, extension to Series B

Investors: TPG Growth and Greenfield Partners (co-led the round), Battery Ventures, 83North, Cisco Investments, Dell Technologies Capital

What it does: Provides detection of cybersecurity breaches using technologies including threat deception and automated response

LookingGlass Cyber Solutions

Headquarters: Reston, Va.

CEO: Chris Coleman

Funding: $26.3 million

Investors: Eastward Capital, Triangle Peak Partners, Alsop Louie Partners, Neuberger Berman, NewSpring Capital

What it does: Provider of an advanced threat intelligence management platform that enables users to correlate, prioritize and act upon threats

Primary Data

Headquarters: Los Altos, Calif.

CEO: Lance Smith

Funding: $20 million

Investors: Pelion Venture Partners, Accel Partners, Battery Ventures

What it does: Offers software for automated data management across both the cloud and on-premises IT infrastructure

Redis Labs

Headquarters: Mountain View, Calif.

CEO: Ofer Bengal

Funding: $44 million, Series D

Investors: Goldman Sachs Private Capital Investing, Bain Capital Ventures and Carmel Ventures (co-led the round), Dell Technologies Capital

What it does: Offers an enterprise version of the in-memory data structure server Redis, which aims to make database scaling easier and less expensive


Headquarters: San Francisco

CEO: John Whaley

Funding: $20 million, Series A

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

What it does: Developer of authentication technology that uses passive behavioral analytics and machine learning to identify users

Wasabi Technologies

Headquarters: Boston

CEO: David Friend

Funding: $10.8 million

Investors: CloudScale Capital Partners

What it does: Developer of a cloud storage service that aims to store data faster and at a significantly lower cost than Amazon S3


Headquarters: Mountain View, Calif.

CEO: Xu Zou

Funding: $22 million, Series B

Investors: Dell Technologies Capital and Triventures (co-led the round), Stanford StartX, GSR Ventures, Oriza Ventures and Envision Ventures

What it does: Provider of technology to secure Internet of Things devices in vertical markets including health care and retail