Venture Capital

Rubrik Raises $41M In Series B Funding For Appliance-Based, Enterprise Backup And Recovery

This week, Rubrik announced the finalization of $41M in Series B funding led by Greylock Partners with additional participation from Lightspeed Venture Partners and angel investors. In conjunction with the funding raise, Rubrik revealed its r300 Series Hybrid Cloud Appliance that is implemented alongside the company’s Converged Data Management Platform. Rubrik’s hybrid cloud appliance delivers enterprise backup and recovery services while allowing customers to take advantage of the economics of public clouds to not only backup data, but to also recover data from the cloud. The appliance frees customers from the need to manager servers, hard drives and backup software by delivering an integrated, highly scalable infrastructure for backing up on premise data and subsequently leveraging public clouds to supplement the appliance’s storage capabilities. This week’s funding raise brings the total capital raised by Rubrik to $51M and illustrates investor and market interest in converged infrastructures as evinced by Vapor IO and Mesosphere. Meanwhile, the capital raise also affirms the enduring vitality of innovative enterprise backup and recovery solutions that tap into enterprise interest in using public clouds for recovery purposes as well as backup in the vein of players such as Axcient.

Categories: Venture Capital | Tags: , , ,

DataHero Finalizes $6.1M In Series A Funding For Its Data Visualization Platform

DataHero today announced the finalization of $6.1M in Series A funding led by existing investor Foundry Group. The funding raise will be used to scale the company’s operations in anticipation of rapid growth and customer demand for its cloud business intelligence solution. As told to Cloud Computing Today in a phone interview with DataHero founder Chris Neumann, DataHero gives organizations the capability to rapidly visualize data in structured and semi-structured form by means of a cloud-based platform that accepts the intake of data in csv, Excel or integrations with select third party data feeds. For example, customers can load one or more Excel files into DataHero’s business intelligence platform to visualize, transform and perform drill-downs on data. The DataHero platform features connectors to a range of third party platforms that include Marketo, HubSpot, Salesforce, Zendesk, Google Analytics and cloud storage platforms such as Box, Dropbox and Google Drive. In comparison to other data visualization platforms, DataHero focuses on non-technical end users that need a streamlined and simplified path toward visualizing the larger significance of data of interest. Today, DataHero also revealed the appointment of serial entrepreneur Ed Miller as CEO. Miller has led a number of tech startups and his appointment underscores both DataHero’s historical growth as well as the urgency of its plans to gear up for the next phase of its evolution. Expect DataHero to continue expanding the roster of platforms with which it integrates and deepening its analytic capabilities as it continues to deliver on its sweet spot of visualizing and presenting data to end users in ways that empower business stakeholders to make more convincing cases for their business decisions using data presented in compelling and palatable forms.

Categories: Venture Capital | Tags: ,

DataTorrent Closes $15M In Series B Funding For Big Data Processing And Analytics Platform

DataTorrent today announces the finalization of $15M in Series B funding. The funding round is led by Singtel Innov8, with additional participation from GE Ventures and Series A investors August Capital, AME Cloud Ventures and Morado Venture Partners. DataTorrent’s platform provides an infrastructure for processing, storing and running analytics on streaming big data sets. The platform can ingest and analyze massive amounts of data by using over 75 connectors as well as 400 Java operators that allow data scientists to perform advanced analytics on multiple datasets in parallel. DataTorrent differentiates itself architecturally by performing in-memory processing that runs directly on Hadoop without the overhead that results from scheduled batches of Hadoop data for processing. The platform boasts massive scalability at sub-second latency while maintaining the capability to process batch and streaming datasets alike. Use cases for DataTorrent include internet of things analytics as well as web-analytics that push the limits of the platform’s ability to scale and ingest massive amounts of data. Today’s capital raise brings the total funding raised by DataTorrent to $23.8M. Building on its recent distinction as a Gartner Cool Vendor, DataTorrent stands to consolidate its early traction in the heavily contested Big Data analytics space with today’s infusion of capital and the guidance brought to its team by Innov8 Managing Director Jeff Karras, who joins DataTorrent’s board of directors as a result of the finalization of the Series B funding round.

Categories: Big Data, DataTorrent, Venture Capital

Docker Raises $95M In Series D Funding

On Tuesday, Docker, Inc. announced the finalization of a whopping $95M in Series D funding. The Series D funding round was led by Insight Venture Partners with additional participation from new investors Coatue, Goldman Sachs and Northern Trust and existing investors Benchmark, Greylock Partners, Sequoia Capital, Trinity Ventures and Jerry Yang’s AME Cloud Ventures. The funding will be used to strengthen strategic partnerships with companies such as Amazon Web Services, IBM and Microsoft, all of whom have differentially supported Docker on their respective cloud platforms and contributed to its go-to-market strategy. In addition, the funding will be used to accelerate product development, particularly as it relates to Docker management and application development lifecycle tools that promise to enhance the value of the Docker offering.

Solomon Hykes, founder and CTO of Docker, remarked on the significance of the funding raise as follows:

Our responsibility is to give people the tools they need to create applications that weren’t possible before. We will continue to honor that commitment to developers and enterprises. We think they are still looking for a platform that helps them build and ship applications in a truly standardized way, without lock-in or unwanted bundled features. That is what we set out to build, and we are not yet content with what we have achieved so far. We are getting a clear message from the market that they like what we are building, and we plan to keep building it. The financing enables us to deliver on that promise.

Although Docker has received clear market validation, Hykes notes that the company remains “not yet content” with what it has accomplished to date and hence hopes to use the extra funding to respond to customer needs to use a “platform that helps them build and ship applications in a truly standardized way.” Because Docker can run on a multitude of infrastructure platforms, users can avoid vendor lock-in while enjoying the benefits of Docker’s portability and ability to enhance operational agility by preserving the integrity of applications in development and production environments alike. Today’s Series D financing constitutes a dramatic affirmation of the validity of Docker’s business model and potential for even further growth by way of an investment that gives Docker the freedom to cement partnerships with major players in the IaaS-cloud community while enhancing its product portfolio and suite of tools for automating the management of clusters of Docker containers in distributed and non-distributed application environments alike. With an extra $95M in the bank, expect Docker to take ownership of the emerging cottage industry of vendors dedicated to Docker management tools and processes and bring Docker to more and more production-grade environments enterprises in anticipation of an IPO. Today’s Series D raise brings the total capital raised by Docker to roughly $160M, building upon a $40M Series C raise in September.

Categories: Docker, Venture Capital | Tags:

Soha Systems Finalizes $9.8M In Series A Funding For Multi-Layered Cloud Security Solution

Cloud security vendor Soha Systems recently announced the finalization of $9.8M in Series A funding led by Andreesen-Horowitz, Cervin Ventures, Menlo Ventures and Moment Ventures. The Soha Cloud establishes a line of defense against threats to cloud security by routing all incoming network traffic to the Soha Cloud. The Soha Cloud creates a multi-layered security barrier between a customer’s cloud-based infrastructure and internet-based intruders. By leveraging multi-factor authentication protocols to ensure that end users have appropriate credentials and authorization, the Soha Cloud identifies and remediates threats before they have the opportunity to interact with the designated cloud infrastructure. Capable of configuration in 15 minutes, the Soha Cloud security solution is compatible with Amazon Web Services, Microsoft Azure, Google Cloud Platform, VMware vSphere, VMware vCloudAir and the OpenStack platforms. The platform’s ability to support a multitude of well known cloud platforms out of the gate points to the maturity of the Soha Cloud technology at such an early stage of the company’s trajectory and underscores the ease of implementation of a solution that promises to enhance organizational compliance, security and auditing practices.

Categories: Miscellaneous, Venture Capital | Tags: , ,

Niara Finalizes $20M In Series B Funding For Its Stealth Security Solution

Stealth security analytics company Niara announced the finalization of $20M in Series B funding led by Venrock with additional participation from New Enterprise Associates and Index Ventures on Thursday. Niara specializes in analytics for IT security that identify and remediate cyber attacks and their attendant root causes. Niara’s analytics have the ability to bridge siloed datasets in order to obtain a holistic solution to IT security that can identify security breaches, develop solutions tailored to the heterogeneity and evolution of threats and prioritize potential threats for investigation. By performing analytics “across disparate data sources,” Niara delivers a 360 degree view of an infrastructure that recognizes the variety and volume of sources of threats using nuanced analytics against historical data. The Sunnyvale-based company leverages a combination of advanced analytics and forensics to mitigate security-related risks and enhance the productivity of security, compliance and risk mitigation teams. Today’s capital raise brings the total funding raised by Niara to $29.4M. Precise details of the Niara solution remain scant although the cybersecurity space should expect to hear more details of its security solution in forthcoming months, particularly given the $20M Series B infusion of cash that is likely to fuel both product development and sales and marketing operations. The larger point worth noting, however, is that cloud security is a hot space for VCs and investors, particularly as the proliferation of infrastructure platforms, data frameworks and networking infrastructures converges to create increasingly complex IT amalgamations that require correspondingly more sophisticated security solutions to guard against systemic vulnerabilities as well as the diversification of threat sources and types.

Categories: Miscellaneous, Venture Capital | Tags: , ,

Cloud Security Automation Vendor Palerra Raises $17M In Series B Funding

Palerra today announces the finalization of $17M in Series B funding in a round led by new investor August Capital with additional participation from Norwest Venture Partners (NVP), Wing Venture Capital and Engineering Capital. Palerra’s LORIC platform leverages machine learning and advanced analytics to deliver a security solution that can tackle the challenges specific to an ephemeral cloud infrastructure landscape in which infrastructure and attendant applications are rapidly provisioned and de-provisioned. In contrast to basing its security solution around perimeter defense, LORIC focuses on tackling security at its source by collecting data to establish baselines and understand trends within a specific infrastructure environment. Moreover, Palerra’s strong partnerships allow it to deliver native cloud security for vendors such as Amazon Web Services, Microsoft Office 365 and Salesforce. Because Palerra can deliver cloud security automation across a variety of infrastructures and applications from within a unified console, it streamlines the implementation and management of cloud security while enhancing risk and compliance management initiatives. Palerra’s key differentiator hinges on the machine learning-based quality of its LORIC platform that iteratively responds to security threats by analyzing potential threats within the larger context of massive volumes of historical data about the environment in question. Named as a Gartner Cool Vendor for Risk Management in 2015, Palerra can claim significant progress since it emerged from stealth in November 2014 as validated by today’s $17M capital raise. Today’s funding raise brings the total capital raised by Palerra to $25M. With an extra $17M in the bank, expect Palerra to aggressively enhance LORIC with advanced analytics that proactively identify, detect and remediate the increasingly heterogeneous manifestations of security threats within enterprise IT.

Categories: Palerra, Venture Capital

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