10 Hot Startups That Raised VC Funding In August

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Follow The Money

Emerging vendors that focus on cybersecurity continued to score big on venture capital funding in August. Four of the companies on our list of top VC deals for the month bring a focus on security, including SIEM vendor Exabeam, which hauled in $50 million. Storage and cloud were two other dominant themes during the month. Three deals on our August list focus on storage—including Cloudian's $94 million round—while a fourth newly funded company, Robin Systems, integrates storage as part of its hyper-converged offering. In the realm of cloud, Actifio and Spotinst both raised significant rounds during the month.
What follows are our picks for 10 IT startups to watch that landed new funding in August.

Actifio

Headquarters: Waltham, Mass.
CEO: Ash Ashutosh
Funding: $106 million ($59 million in equity, $47 million in debt)
Investors: Crestline Investors (led the round), North Bridge Venture Partners, 83North, Advanced Technology Ventures, Heritage Group, Andreessen Horowitz
What it does: Offers a data-as-a-service platform for multi-cloud data management.

Cloudian

Headquarters: San Mateo, Calif.
CEO: Michael Tso
Funding: $94 million, Series E
Investors: Digital Alpha, Eight Roads Ventures, Goldman Sachs, INCJ, Japan Post Investment Corporation, NTT DOCOMO Ventures, Wilson Sonsini Investments
What it does: Developer of distributed file systems and object storage technology.

Exabeam

Headquarters: San Mateo, Calif.
CEO: Nir Polak
Funding: $50 million, Series D
Investors: Lightspeed Venture Partners (led the round), Aspect Ventures, Cisco Investments, Icon Ventures, Norwest Venture Partners, Shlomo Kramer
What it does: Offers "next-gen" Security Information and Event Management (SIEM) technology.

Formlabs

Headquarters: Somerville, Mass.
CEO: Max Lobovsky
Funding: $15 million
Investors: New Enterprise Associates
What it does: Maker of 3-D printers including the Form 2, which uses stereolithography technology to enable the printing of high-resolution 3-D objects at a more-affordable price point.

Infinite IO

Headquarters: Austin, Texas
CEO: Mark Cree
Funding: $10.3 million, Series B
Investors: Former Motorola CEO David Galvin (led the round), Chicago Ventures, Equus Holdings, PV Ventures
What it does: Developer of storage network controllers that accelerate the movement of storage on-premises and in the cloud, while making it appear to the user as if the data is stored locally.

RiskRecon

Headquarters: Salt Lake City
CEO: Kelly White
Funding: $25 million, Series B
Investors: Accel (led the round), Dell Technologies Capital, General Catalyst, F-Prime Capital
What it does: Provides a platform for assessing the cybersecurity risk of an organization's third parties.

Robin Systems

Headquarters: San Jose, Calif.
CEO: Premal Buch
Funding: $17 million, Series B
Investors: USAA Ventures (led the round), Hasso Plattner Ventures, Clear Ventures, DN Capital
What it does: Offers hyper-converged Kubernetes technology for use with big data, databases and AI/machine learning applications.

Spotinst

Headquarters: San Francisco
CEO: Amiram Shachar
Funding: $35 million, Series B
Investors: Highland Capital Partners (led the round), Intel Capital, Vertex Ventures, Leaders Fund
What it does: Offers technology that enables enterprises to save on costs by tapping unused compute capacity in the cloud.

Twistlock

Headquarters: Portland, Oregon
CEO: Ben Bernstein
Funding: $33 million
Investors: Iconiq Capital (led the round), YL Ventures, TenEleven, Rally Ventures, Polaris Partners, Dell Technologies Capital
What it does: Provides solutions for securing apps built on containerization platforms, as well as serverless environments and virtual machines.

Zadara

Headquarters: Irvine, Calif.
CEO: Nelson Nahum
Funding: $25 million
Investors: IGP Capital
What it does: Offers enterprise cloud data storage and management solutions that are available with consumption-based pricing.