10 Hot Startups That Raised VC Funding In June

Follow The Money

Offerings for the Internet of Things, hybrid cloud environments and next-gen security were among the recurring themes for startups that raised new venture capital funding in June. Our list of the top 10 IT industry funding announcements in June includes deals for three startups operating in the IoT realm -- two of them focused on Industrial Internet of Things and one offering security for enterprise IoT. Two other startups on our list are providing solutions to enable hybrid cloud deployments among enterprises, while a total of six of the companies are involved with cybersecurity in some form (including the startup doing IoT security).

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


Headquarters: Palo Alto, Calif.

CEO: Yevgeny Dibrov

Funding: $17 million

Investors: Sequoia Capital, Tenaya Capital

What it does: Offers an agentless security platform for IoT; the platform lets enterprises see and control any device or network, and integrates with existing IT infrastructure.


Headquarters: New York

CEO: Saar Yoskovitz

Funding: $17 million, Series B

Investors: Eclipse Ventures and Munich Re/HSB Ventures (led the round), Sound Ventures, First Round Capital, Lerer Hippeau Ventures, Pritzker Group Venture Capital

What it does: Provides Industrial IoT offerings, focused on providing diagnostic technology that can predict maintenance needs before malfunctions occur.

CloudHealth Technologies

Headquarters: Boston

CEO: Dan Phillips

Funding: $46 million, Series D

Investors: Kleiner Perkins (led the round), Meritech Capital Partners, .406 Ventures, Sapphire Ventures, Scale Venture Partners

What it does: Offers cloud service management technology that's aimed at enabling hybrid cloud environments, with integrated data reporting and recommendations around cost, performance and security.


Headquarters: Boston

CEO: Lior Div

Funding: $100 million

Investors: SoftBank

What it does: Provides an advanced endpoint detection and response offering, which actively hunts for threats using machine learning, and provides tools such as visibility and forensics when a threat is identified.


Headquarters: Sunnyvale, Calif.

CEO: Andrew Rubin

Funding: $125 million, Series D

Investors: J.P. Morgan Asset Management (led the round), Andreessen Horowitz, General Catalyst, 8VC, Accel, Data Collective

What it does: Offers segmentation technology that adapts to both data center and cloud environments, and provides visibility and control over enterprise applications.


Headquarters: Fairfax, Va.

CEO: Mischel Kwon

Funding: $4.1 million, Series A

Investors: Not disclosed

What it does: Provider of managed security operations services and security consulting.


Headquarters: Los Altos, Calif.

CEO: Sanjay Beri

Funding: $100 million, Series E

Investors: Lightspeed Venture Partners and Accel (led the round), Social Capital, Iconiq Capital, Sapphire Ventures, Geodesic Capital

What it does: Has a cloud access security broker (CASB)offering, which enables understanding of risky activities along with data protection and incident response in real time.

Obsidian Security

Headquarters: Newport Beach, Calif.

CEO: Glenn Chisholm

Funding: $9.5 million, Series A

Investors: Greylock Partners

What it does: Developing a security product that leverages artificial intelligence for securing hybrid cloud environments within enterprises.


Headquarters: Sunnyvale, Calif.

CEO: Sirish Raghuram

Funding: $22 million, Series C

Investors: Canvas Ventures (led the round), HPE, Redpoint Ventures, Menlo Ventures

What it does: Delivers on-premises OpenStack-based infrastructure, managed by a cloud software layer.


Headquarters: San Francisco

CEO: Sanjit Biswas

Funding: $40 million, Series C

Investors: General Catalyst (led the round), Andreessen Horowitz

What it does: Offers an internet-connected sensor solution, which includes wireless gateways that transmit data to software in the cloud for industrial customers.