September 4, 2018

CRN

10 Hot Startups That Raised VC Funding In August

Storage and cybersecurity companies were among the startups that hauled in venture capital rounds in August.

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.

See the full list: https://www.crn.com/news/channel-programs/10-hot-startups-that-raised-vc-funding-in-august