Follow The Money
As more businesses large and small begin to embrace the Internet of Things, venture capital firms are investing in the next wave of startup technologies to drive the IoT market forward. Our March VC deal list included two up-and-coming startups that focus on IoT, including Samsara, which raised a $50 million round from prominent venture firms Andreessen Horowitz and General Catalyst Partners. Meanwhile, cybersecurity remained one of the hottest spaces for VC funding during month, with four of the companies on our March list working in security. Other startups that hauled in funding during the month included companies specializing in data management, IT performance monitoring, enterprise software integration and cloud data integration.
What follows are our picks for 10 IT startups to watch that landed new funding in March.