Eight companies led by Indian-Americans are among 21 hottest enterprise cloud startups raising more than $220 million in venture capital funding, listed by Business Insider, a New York-based business and technology Web site. According to the magazine, 18 enterprise cloud companies have had initial public offerings and half of them are now worth over $1 billion since 2012.
The Indian American-led start-ups include Campbell, Calif.-based Bitglass; Mt. View, Calif.-based Bloomreach; Mountain View, Calif.-based Blue Jeans Network; Sunnyvale, Calif.-based CliQr Technologies; Palo Alto, Calif.-based Infer; San Francisco-based Mixpanel; Los Altos, Calif.-based Netskope; and Cupertino, Calif.-based Skyhigh Networks.
The magazine asked venture capitalists in the enterprise sector to list the most exciting cloud startups and asked that for every company a VC had in his or her portfolio, to list an interesting startup outside the portfolio.
Bitglass, which provides security for corporate data, is led by CEO Nat Kausik, who has a B. Tech from IIT-Madras, an M.S. from Princeton University and a Ph.D. in computer science from Cornell University. The company’s chief scientist is IIT-Kanpur graduate Anoop Bhattacharjya and the CTO is Anurag Kahol, who has a B.S. in computer science from Motilal Nehru National Institute of Technology. Bitglass closed a $10 million “A” round of funding in February this year.
Blue Jeans Network, a cloud-based video conferencing service enabling people to connect with each other any time, any place and from any device, is co-founded by Krish Ramakrishnan, CEO, and Alagu Periyannan, CTO. Ramakrishnan was an entrepreneur-in-residence at Accel Partners, GM of the server virtualization business unit at Cisco Systems and CEO of Topspin Communications. Periyannan was CTO at Blue Coat Systems. Blue Jeans has raised $99 million.
CEO Raj De Datta and CTO Ashutosh “Ashu” Garg are the co-founders of BloomReach, a provider of data marketing applications to interpret consumer demand and deliver more relevant user experiences across marketing channels. De Datta was an entrepreneur-in-residence at Mohr-Davidow Ventures and product marketing director at Cisco. Garg, a graduate of IIT-Delhi, was a staff scientist and worked at IBM Research. Bloom Reach’s total funding is $41 million.
CliQr Technologies provides a cloud application management platform enabling companies to move and manage applications from any physical, virtual, or cloud environment to private, public, or hybrid cloud without needing to modify applications or create cloud-specific scripts. Gaurav Manglik, the company’s CEO and co-founder, was a senior engineer at VMware and senior member of technical staff at Oracle. He has a B.S.E.E. from IIT-Delhi. CliQr has received seed funding of under $1 million.
Infer was co-founded by CEO Vik Singh, a former engineer at Google, Microsoft and Yahoo, and analyzes companies’ enterprise data to find sales leads. Infer raised $10 million earlier this year in an “A” round.
Co-founded by Suhail Doshi, Mixpanel supplies a cloud service that analyzes for companies how customers use their Web sites and mobile applications. The company has raised $12 million.
Netskope is a cloud application that lets organizations find “shadow IT apps,” meaning those used by employees without the IT department’s knowledge. Sanjay Beri is the founder and CEO, Rajneesh Chopra is the VP of product management, Krishna Narayanaswamy is the chief scientist and Ravi Ithal is the chief architect. Company funding is $21 million.
Skyhigh Networks does the same thing as Netskope, providing companies cloud access security. IIT-Kharagpur graduate Rajiv Gupta is CEO and co-founder. He was GM of the policy management business unit at Cisco, founder and CEO of Securent (acquired by Cisco) and co-founder and CEO of Confluent Software. The other co-founders are co-founder and VP of engineering Sekhar Sarukkai chief architect Kaushik Narayan. Skyhigh has raised $27 million.