10 Cool Startups That Raised Venture Capital In July 2019
Cybersecurity and networking technology companies were among the startups that hauled in venture capital rounds in July.
Follow The Money
While data security and privacy are consistently a hot area for startups, the arrival of additional data protection regulations is leading to an even greater amount of attention on the data privacy space. Three of the 10 companies on our July funding list offer platforms for ensuring privacy compliance, including with the forthcoming California Consumer Privacy Act (taking effect Jan. 1, 2020) and with GDPR. The deals range from early-stage (a $5 million Series A for DataGrail) to a $200 million round for OneTrust.
Outside of data privacy, two startups making our July funding list specialize in artificial intelligence technologies, while others focus on networking, cybersecurity and DevOps. What follows are our picks for 10 IT startups to watch that landed new funding in July.
Headquarters: New York
CEO: Jack Kokko
Funding: $50 million, Series B
Investors: Innovation Endeavors (led the round), Soros Fund Management LLC
What it does: Offers a search engine for market data powered by artificial intelligence, enabling improved decision making by enterprises
CEO Quote: "We are excited to be backed by Eric Schmidt and the Innovation Endeavors team, and remain focused on helping knowledge workers worldwide acquire critical business insights and data with great speed and confidence."
CEO: Ryan Windham
Funding: $30 million, Series A
Investors: Brighton Park Capital
What it does: Offers a low-code automation and orchestration platform for NetOps and SecOps
CEO Quote: “Brighton Park Capital’s investment will fuel growth, accelerating AppViewX’s product innovation further solidifying our position as the most advanced certificate Management and network automation platform available."
Headquarters: San Jose, Calif.
CEO: Devesh Garg
Funding: $30 million, Series B
Investors: Lightspeed Venture Partners (led the round), General Catalyst, Clear Ventures
What it does: Offers a vendor-agnostic network switching and routing operating system, ArcO
CEO Quote: "It’s an exciting time at Arrcus as our disruptive vision democratizes the networking industry by providing best-in-class software, the most flexible consumption model, and the lowest total cost of ownership for our customers."
Headquarters: San Francisco
CEO: Jim Rose
Funding: $56 million, Series D
Investors: Owl Rock Capital Partners and NextEquity Partners (led the round), Scale Venture Partners, Top Tier Capital, Threshold Ventures, Baseline Ventures, Industry Ventures, Heavybit, Harrison Metal Capital
What it does: Delivers CI/CD technology largely in a Software-as-a-Service format, allowing developers to focus on building their core products rather than managing their DevOps tooling
CEO Quote: "We’re in a unique position to help engineering organizations write better software faster. Our product strategy combines an agnostic, build anything, anywhere roadmap with a focus on lifting business value delivery of software everywhere.”
Headquarters: San Francisco
CEO: Daniel Barber
Funding: $5 million
Investors: Cloud Apps Capital
What it does: Offers a privacy platform for ensuring compliance with data privacy regulations such as GDPR, CCPA and Nevada SB 220
CEO Quote: "Most companies rely on dozens, if not hundreds, of cloud-based applications, and it's much too cumbersome and complicated to manually process privacy requests. Companies need a data privacy partner that can help them take an inventory of applications and solutions that may have data, map the data, then operationalize privacy requests."
Headquarters: San Mateo, Calif.
CEO: Ryan Welsh
Funding: $20 million, Series B
Investors: Intel Capital (led the round), UL Ventures, PivotNorth Capital
What it does: Developer of an artificial intelligence platform for government, financial services and life sciences, which is differentiated by the ability to explain the reasoning behind the AI technology's decisions
CEO Quote: "As AI becomes an increasingly integral part of how organizations operate and make decisions, there is a growing realization that they can no longer rely on 'black box' solutions that lack the rationale behind how recommendations were determined. Some of the leading organizations in government and the private sector are adopting Kyndi's Explainable AI platform because we provide actionable intelligence that's auditable and provides the reasoning behind every decision."
Headquarters: London and Atlanta
CEO: Kabir Barday
Funding: $200 million, Series A
Investors: Insight Partners
What it does: Provides a privacy, security and third-party risk technology platform for compliance with CCPA, GDPR, ISO27001 and other privacy and security laws
CEO Quote: "It’s been an exciting three years at OneTrust with our customers partnering with us to define and build the most widely used technology platform in a completely new market. This investment will help us to bring a new level of scale and support for our customers, coming at a timely juncture with just six months before California’s CCPA is set to be enforced.”
Headquarters: Columbia, Md.
CEO: Karim Hijazi
Funding: $10 million, Series A
Investors: AllegisCyber (led the round), DataTribe
What it does: Offers a "compromise intelligence" platform that identifies breaches at the time of the compromise, and possibly even as the attack is being prepared, for enhanced risk discovery, evaluation and mitigation
CEO Quote: "With this additional capital, and the changes in our executive ranks, we are uniquely positioned to deliver tailored intelligence that empowers risk-based decisions. Organizations with contagious ecosystems can now limit their exposure and avoid infection preemptively by using our intelligence platform."
Headquarters: Bowie, Md.
CEO: Steve Ryan
Funding: $23 million
Investors: Intel Capital
What it does: Offers technology to proactively intercept and control cyberattacks, using detection and active interference
CEO Quote: "I co-founded Trinity Cyber to transform the way the world addresses the cyber problem. No one is doing what Trinity Cyber is doing. No one else can. We make the adversary fail, and we feel this strategic support validates the elegance of our solution."
Headquarters: San Francisco
CEO: Chris Babel
Funding: $70 million, Series D
Investors: Bregal Sagemount (led the round), Accel, Baseline Ventures, DAG Ventures, Icon Ventures, Industry Ventures
What it does: Provides privacy and data protection solutions aimed at ensuring compliance with GDPR,CCPA and other regulations
CEO Quote: "We have been building on our two decades of privacy leadership to design cutting edge technology solutions, and this significant growth investment will allow us to further help enterprises around the world navigate the rapidly evolving data privacy regulatory landscape."