10 Hot Startups That Raised VC Funding In September

Follow The Money

Startups that offer software for securing, analyzing and managing enterprise data dominated our list of venture capital wins in September. Among those hauling in funding during the month were big-data platform provider MapR Technologies and two companies focused on data management in hybrid cloud environments, Nasuni and Elastifile. Companies specializing in security for IoT devices and container-based applications also made our list of VC deals affecting the IT channel last month. On the investor side, Lightspeed Venture Partners was the most active firm on our list, with participation in three of the 10 funding rounds.

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


Headquarters: San Mateo, Calif.

CEO: Kirk Krappe

Funding: $55 million, Series E

Investors: Premji Invest, Salesforce, K1, Iconiq Capital

What it does: Offers a Quote-to-Cash platform that leverages machine learning technology for increasing customers' revenue

Aqua Security

Headquarters: Tel Aviv, Israel, and San Francisco

CEO: Dror Davidoff

Funding: $25 million, Series B

Investors: Lightspeed Venture Partners (led the round), Microsoft Ventures, TLV Partners, Cato Networks CEO Shlomo Kramer

What it does: Provides a cloud-native security platform for container-based applications


Headquarters: Tel Aviv, Israel

CEO: Dean Sysman

Funding: $4 million

Investors: YL Ventures (led the round), Emerge Capital, Vertex Ventures

What it does: Offers a platform to help enterprises secure Internet of Things devices, with capabilities for improved monitoring and management of devices


Headquarters: Boston

CEO: Vijay Basani

Funding: $7 million

Investors: Arrowroot Capital

What it does: Provides software for security monitoring, as well as vulnerability and patch management services; formerly known as EiQ Networks

Digital Shadows

Headquarters: London and San Francisco

CEO: Alastair Paterson

Funding: $26 million, Series C

Investors: Octopus Ventures (led the round), World Innovation Lab, Industry Ventures

What it does: Offers technology for monitoring and management of digital risk on web data sources, including the open, deep and dark web


Headquarters: Santa Clara, Calif.

CEO: Amir Aharoni

Funding: $16 million

Investors: Western Digital Capital (led the round), CE Ventures, Lightspeed Venture Partners, Battery Ventures, Dell Technologies Capital, Cisco Investments

What it does: Provides a unified data management system for enterprises that are operating hybrid cloud deployments


Headquarters: San Francisco

CEO: Mike Ellis

Funding: $88 million, Series D

Investors: Accel (led the round), KKR, Meritech Capital Partners, Foundation Capital

What it does: Offers an identity management platform that specializes in helping to secure Internet of Things devices

MapR Technologies

Headquarters: San Jose, Calif.

CEO: Matt Mills

Funding: $56 million

Investors: Lightspeed Venture Partners, Future Fund, CapitalG, Mayfield Fund, New Enterprise Associates, Qualcomm Ventures, Redpoint Ventures

What it does: Provides a data platform that combines real-time analytics with operational applications for improved business outcomes


Headquarters: Boston

CEO: Andres Rodriguez

Funding: $38 million

Investors: Goldman Sachs Growth Equity

What it does: Offers a platform for hybrid cloud deployments that enables users to securely access data from any location


Headquarters: Los Angeles

CEO: Sachin Nayyar

Funding: $29 million, Series A

Investors: Volition Capital (led the round), Eight Roads Ventures

What it does: Provides technology for performing security analytics on large amounts of data in real time