10 Hot Startups That Raised VC Funding In April

Follow The Money

The venture capital funding that has been pumping into cybersecurity, cloud and Internet of Things startups is showing no signs of slowing down. Our April VC deal list included Armis (an IoT security startup), BetterCloud (which provides management tools for working with popular cloud applications) and OPAQ Networks (which offers cloud-based network security). Other major rounds during the month included a round for Scality, which provides software for distributed file and object storage, which hauled in $60 million.

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


Headquarters: Palo Alto, Calif.

CEO: Yevgeny Dibrov

Funding: $30 million, Series B

Investors: Red Dot Capital Partners (led the round), Bain Capital Ventures, Sequoia Capital, Tenaya Capital

What it does: Provider of an agentless IoT security platform, which lets enterprises gain visibility and control of unmanaged devices coming into business environments


Headquarters: New York

CEO: David Politis

Funding: $60 million, Series E

Investors: Bain Capital Ventures (led the round), Accel, Greycroft Growth, Flybridge Capital Partners, Tribeca Venture Partners, New Amsterdam Growth Capital

What it does: Provides an operations management platform for major cloud application vendors


Headquarters: Colorado Springs, Colo.

CEO: Vance Brown

Funding: $172 million

Investor: KKR

What it does: Developer of enterprise IT service management applications


Headquarters: Somerville, Mass.

CEO: Maxim Lobovsky

Funding: $30 million, Series C

Investor: Tyche Partners

What it does: Maker of 3-D printers including the Form 2, which uses stereolithography technology to enable the printing of high-resolution 3-D objects at a more-affordable price point


Headquarters: San Mateo, Calif.

CEO: Amit Bendov

Funding: Not disclosed

Investor: Cisco Investments

What it does: Provider of artificial intelligence technologies used by sales teams


Headquarters: Boston

CEO: Mariano Nunez

Funding: $31 million, Series C

Investors: LLR Partners (led the round), .406 Ventures, Evolution Equity Partners, Arsenal Venture Partners

What it does: Offers automated threat monitoring and protection for SAP and Oracle enterprise applications

OPAQ Networks

Headquarters: Herndon, Va.

CEO: Glenn Hazard

Funding: $22.5 million, Series B

Investors: Greenspring Associates, Columbia Capital, Harmony Partners

What it does: Provides a cloud-based platform for network security


Headquarters: Fort Lee, N.J.

CEO: Sam Gutmann

Funding: $15.5 million

Investors: Vertex Ventures and Insight Venture Partners (led the round), Innovation Endeavors, Oryzn Capital, Salesforce Ventures

What it does: Backs up and restores data generated by Salesforce and other cloud software providers


Headquarters: Saratoga, Calif.

CEO: Giovanni Coglitore

Funding: $45 million, Series A

Investor: Cisco Investments

What it does: Provides a "hyper-distributed" multicloud platform, which aggregates compute resources from private data centers, public cloud providers and supercomputing centers


Headquarters: San Francisco

CEO: Jerome Lecat

Funding: $60 million

Investor: Silverpeak

What it does: Provider of software for distributed file and object storage and multi-cloud data contro.