10 Cool Startups That Raised Venture Capital In June 2019

Security and data management technology companies were among the startups that hauled in venture capital rounds in June.

Follow The Money

Security and big-data technologies continued to be red-hot areas for venture capital investors this month. June has also seen an uptick in big-dollar venture deals. Among the major funding rounds of the month included $120 million for endpoint security firm SentinelOne, $130 million for data protection and management firm Druva and $200 million for "data processing unit" developer Fungible. Meanwhile, network threat detection firm Vectra hauled in $100 million while two data warehousing companies, Yellowbrick Data and Matillion, also raised significant rounds.
What follows are our picks for 10 IT startups to watch that landed new funding in June.


Headquarters: Sunnyvale, Calif.
CEO: Jaspreet Singh
Funding: $130 million
Investors: Viking Global Investors (led the round), Riverwood Capital, Tenaya Capital, Nexus Venture Partners
What it does: Provider of cloud data protection and management
CEO Quote: "The data management market is forecasted to be worth $55 billion next year, yet the landscape is dominated by solutions that are 20 years old. Druva is disrupting the way enterprises protect and leverage their data with a modern, cloud-native SaaS platform. Today’s funding will help Druva to power data protection for the cloud era, and accelerate our momentum to better serve the needs of enterprise customers.”

Edgewise Networks

CEO: Peter Smith
Funding: $11 million
Investors: .406 Ventures and Accomplice (led the round), Pillar
What it does: Offers a microsegmentation platform based on software identity, using machine learning to automatically build policies that protect applications in any cloud without requiring changes to the network
CEO Quote: "Our innovative, patented approach makes microsegmentation—one of the hardest problems in cybersecurity— incredibly simple to implement. With Edgewise, companies can operate their applications in hybrid cloud and container environments with peace of mind, knowing that they are protected. This strong support from our investors will enable us to expand to meet the demand for automated microsegmentation.”


Headquarters: Santa Clara, Calif.
CEO: Pradeep Sindhu
Funding: $200 million, Series C
Investors: SoftBank Vision Fund (led the round), Norwest Venture Partners
What it does: Developer of the Fungible Data Processing Unit (DPU), which offers improved performance, reliability and economics for data centers
CEO Quote: "Our vision is to provide such dramatic improvements to the performance, reliability and economics of data centers that applications previously unimaginable become possible. Every significant advancement in technology is ultimately enabled by a step-function improvement in one of its fundamental building blocks; the Fungible Data Processing Unit (DPU) is a new essential building block that represents just such a step-function improvement."


Headquarters: Manchester, England
CEO: Matthew Scullion
Funding: $35 million, Series C
Investors: Battery Ventures (led the round), Sapphire Ventures, Scale Venture Partners
What it does: Developer of data transformation software for cloud data warehouses
CEO Quote: “As the leader in purpose-built data transformation software for cloud data warehouses, Matillion is perfectly positioned to help our customers compete and win using data. That’s why we’re so excited to raise this round, partner with the great team at Battery Ventures, and to once again accelerate our business and the development of our current and future products.”


Headquarters: New York
CEO: Aleksandr Yampolskiy
Funding: $50 million, Series D
Investors: Riverwood Capital (led the round), Evolution Equity, Intel Capital, Two Sigma, AXA Ventures, Accomplice
What it does: Security ratings provider that reports it has scored more than 1 million companies
CEO Quote: "SecurityScorecard is the only security ratings provider with complete transparency and visibility into the ratings methodology. With transparency, unique data insights, and unmatched scoring speed and coverage, we enable any company in the world to instantly claim their scorecard, act to improve their cybersecurity posture, and invite others to do the same."


Headquarters: Mountain View, Calif.
CEO: Tomer Weingarten
Funding: $120 million, Series D
Investors: Insight Partners (led the round), Samsung Venture Investment Corporation, NextEquity, Third Point Ventures, Redpoint Ventures, Granite Hill, Data Collective
What it does: Provider of autonomous endpoint protection through a single agent, which prevents, detects, responds to and hunts attacks
CEO Quote: "We were the first to unify EPP and EDR – prevention, detection, response, and hunting – in a single autonomous agent. We were the first to stand behind our product with a cyber warranty. Now we are the first to take AI-based device protection to the edge, covering IoT endpoints and workloads in the cloud. We have delivered unrivaled product innovation through a sustainable growth model that’s unique to others in the space, positioning us as a leader into the future.”

Vade Secure

Headquarters: Hem, France
CEO: Georges Lotigier
Funding: $79.2 million
Investors: General Catalyst
What it does: Provider of email security for protecting against cyberthreats including phishing, spear phishing, malware and ransomware
CEO Quote: "With the funding, we will continue to invest in our AI-based threat detection engine and build on Vade's leadership in email security for ISPs. In addition, we have a unique opportunity to capitalize on the market disruption caused by the industry shift from on-premise hosted email to the adoption of cloud-based email platforms. With a significant advantage in our core technology and easy-to-implement solution, we plan to rapidly become the de facto standard for Office 365 email protection, in a complement of the platform's own security."


Headquarters: San Francisco
CEO: Alexander García-Tobar
Funding: $45 million, Series C
Investors: Insight Partners
What it does: Provider of an anti-phishing email security platform
CEO Quote: “We are delivering trust – we make enterprise email trustworthy, both for inbound and outbound messages. We’ve earned the trust of the industry, with major partnerships and key roles in email standards committees. And we are proud that we’ve also earned the trust of our customers, with a perfect 100% customer retention rate since our founding and a contractual guarantee to get our clients to enforcement.”


Headquarters: San Jose, Calif.
CEO: Hitesh Sheth
Funding: $100 million
Investors: TCV (led the round), Accel Partners, AME Cloud Ventures, Atlantic Bridge, DAG Ventures, IA Ventures, Ireland Strategic Investment Fund, Khosla Ventures, Nissho Electronics Corp., Wipro Ventures
What it does: Provider of network threat detection and response, covering cloud and data-center workloads as well as user and IoT devices
CEO Quote: "The cloud has inherent security blind spots, making it imperative to eliminate cyber-risks as enterprises move their business to the cloud. The Cognito platform enables them to stop hidden cyberattacks in the cloud. We look forward to partnering with TCV and our existing investors as we continue our rapid growth."

Yellowbrick Data

Headquarters: Palo Alto, Calif.
CEO: Neil Carson
Funding: $81 million, Series C
Investors: DFJ Growth (led the round), IVP, BMW i Ventures, Next47, Third Point Ventures, Menlo Ventures, Threshold Ventures, GV
What it does: Offers turnkey data warehouse appliances for on-premises data warehouse implementations or as a core component of a hybrid cloud/on-premises data warehouse
CEO Quote: "We engineered a modern data warehouse to deliver breakthrough analytic capabilities. Our product provides enterprises with the fastest SQL analytics on the market, combining speed, flexibility, and security with predictable costs. This mix is driving growth for our company, and success for our expanding set of new and existing global customers.”