10 Hot Startups That Raised VC Funding In January

Follow The Money

The first month of 2018 saw up-and-coming startups across a multitude of enterprise technology categories haul in venture capital rounds. Leading the way was cloud data warehousing firm Snowflake Computing with its $263 million growth round, while another data technologies specialist, Collibra, raised a sizable $58 million round of its own. Meanwhile, startups in sectors including cybersecurity, Internet of Things, networking and storage also made our list of top VC deals for the month.

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

Arctic Wolf

Headquarters: Sunnyvale, Calif.

CEO: Brian NeSmith

Funding: $16 million

Investors: Sonae Investment Management (led the round), Lightspeed Venture Partners, Redpoint Ventures, Knollwood Investment Advisory

What it does: Provider of security operations center (SOC)-as-a-Service aimed at improved threat detection and simpler deployment


Headquarters: Stockholm, Sweden

CEO: Neil Costigan

Funding: $17.5 million, Series B

Investors: Trident Capital Cybersecurity (led the round), Cisco Investments, ABN Amro, Octopus Ventures, Conor Venture Partners

What it does: Provider of user authentication technologies that leverage "behavioral biometrics" such as keystroke cadence or finger pressure


Headquarters: New York

CEO: Felix Van de Maele

Funding: $58 million, Series D

Investors: ICONIQ Capital and Battery Ventures (co-led the round), Dawn Capital, Index Ventures, Newion Investments

What it does: Provider of automated data governance and management technologies that can be deployed in the cloud or on-premises


Headquarters: Milford, Mass.

CEO: Ben Edmond

Funding: $8 million, Series A

Investors: Ascent Venture Partners, Nauta Capital, NXT Ventures, Osage Venture Partners

What it does: Provider of a Software-as-a-Service platform for network operators to target and manage B2B buyers

Cumulus Networks

Headquarters: Mountain View, Calif.

CEO: Josh Leslie

Funding: $43 million, Series D

Investors: Telstra Ventures (led the round), Andreessen Horowitz, Battery Ventures, Sequoia Capital

What it does: Developer of Cumulus Linux, an open networking system that runs on white-box switches and enterprises to more easily deploy web-scale networking

Igneous Systems

Headquarters: Seattle

CEO: Kiran Bhageshpur

Funding: $15 million, Series B

Investors: Vulcan Capital, Orca Bay Capital, Madrona Venture Group, New Enterprise Associates, RedPoint Ventures

What it does: Developer of the Igneous Hybrid Storage Cloud, a backup and archive solution for unstructured data that's focused on hybrid environments

Nozomi Networks

Headquarters: San Francisco

CEO: Edgard Capdevielle

Funding: $15 million, Series B

Investors: Invenergy Future Fund (led the round), THI Investments, GGV Capital, Lux Capital, Planven Investments SA

What it does: Provider of cybersecurity and operational visibility technologies for industrial control systems

Snowflake Computing

Headquarters: San Mateo, Calif.

CEO: Bob Muglia

Funding: $263 million

Investors: ICONIQ Capital, Altimeter Capital and Sequoia Capital (led the round); Capital One Growth Ventures, Madrona Venture Group, Redpoint Ventures, Sutter Hill Ventures, Wing Ventures

What it does: Provider of a cloud data warehouse-as-a-service, which aims to be easier to set up, more agile and lower cost than traditional on-premises systems

Unravel Data

Headquarters: Menlo Park, Calif.

CEO: Kunal Agarwal

Funding: $15 million, Series B

Investors: GGV Capital (led the round), Microsoft Ventures, Menlo Ventures

What it does: Provider of application performance management technologies targeted for systems with massive quantities of data


Headquarters: Tel Aviv, Israel

CEO: Netanel Davidi

Funding: $13 million

Investors: 83North (led the round), Dell Technologies Capital

What it does: Developer of automated security technologies for Internet of Things devices.