10 Hot Startups That Raised VC Funding In July
Follow The Money
Security and automation, sometimes both at once, are the two core themes on our July list of top venture capital deals affecting the IT channel. This month's list also includes a company specializing in software for launching channel partner portals.
What follows are our picks for 10 IT startups to watch that raised VC funding in July.
Alation
Headquarters: Redwood City, Calif.
CEO: Satyen Sangani
Funding: $23 million, Series B
Investors: Icon Ventures (led the round), Harmony Partners, Costanoa Ventures, Data Collective
What it does: Provides a data catalog that is aimed at improving collaboration between team members, using technologies such as automation for making an inventory of an organization's data.
Big Switch Networks
Headquarters: Santa Clara, Calif.
CEO: Douglas Murray
Funding: $30.7 million
Investors: Dell Technologies Capital, Silverlake Waterman, Index Ventures, Morgenthaler Ventures, MSD Capital, Redpoint Ventures, Khosla Ventures, Intel Capital
What it does: Offers software-defined networking technology focused on providing automated and flexible network solutions, paired with standard hardware.
Bricata
Headquarters: Columbia, Md.
CEO: John Trauth
Funding: $8 million, Series A
Investors: Edison Partners
What it does: Develops network security technology aimed at preventing intrusion while detecting, analyzing and hunting for advanced threats.
Corelight
Headquarters: San Francisco
CEO: Greg Bell
Funding: $9.2 million, Series A
Investors: Accel Partners (led the round), Osage University Partners, Riverbed co-founder Steve McCanne
What it does: Offers network visibility solutions aimed at enabling a better understanding of network traffic to secure organizations against cyberattacks.
Darktrace
Headquarters: London
CEO: Nicole Eagan
Funding: $75 million, Series D
Investors: Insight Venture Partners (led the round), Summit Partners, KKR, TenEleven Ventures
What it does: Provides machine learning-enabled technologies to boost security against network threats--physical, cloud or virtualized--along with IoT and industrial controls.
HyTrust
Headquarters: Mountain View, Calif.
CEO: John De Santis
Funding: $36 million, Series E
Investors: Advance Venture Partners (led the round), Sway Ventures, Epic Ventures, Vanedge Capital, Trident Capital, Cisco, Fortinet, Intel, VMware
What it does: Offers security automation solutions for protecting computing, networking and storage workloads across private, public cloud and hybrid cloud infrastructure.
Impartner
Headquarters: South Jordan, Utah
CEO: Joe Wang
Funding: $15 million
Investors: Emergence Capital
What it does: Provides software-as-a-service for managing indirect sales efforts, with its Partner Relationship Management solution for easy deployment of partner portals.
Particle
Headquarters: San Francisco
CEO: Zach Supalla
Funding: $20 million, Series B
Investors: Spark Capital (led the round), Qualcomm Ventures
What it does: Offers a platform for building, connecting and managing IoT products.
Workato
Headquarters: Cupertino, Calif.
CEO: Vijay Tella
Funding: $10 million, Series A
Investors: Storm Ventures (led the round), Salesforce Ventures, Workday Ventures
What it does: Provides a platform for building, operating and launching automation technologies, in areas including enterprise integration and process automation.
ZeroFox
Headquarters: Baltimore, Md.
CEO: James Foster
Funding: $40 million, Series C
Investors: Redline Capital Management and Silver Lake Waterman (led the round), NEA, Highland Capital Partners, Core Capital
What it does: Offers cloud-based security solutions for protecting against cyber threats from social media and other digital platforms, with technologies including targeted data collection, intelligent analysis, and automated remediation.