Software Tops In VC Funding - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance

Software Tops In VC Funding

Software companies regained the top spot in venture-capital financing during the first quarter after being pushed to No. 2 by biotech companies in the previous two quarters, according to PricewaterhouseCoopers, Thomson Venture Economics, and the National Venture Capital Association's MoneyTree survey.

Software companies received $956 million in VC funding in the first quarter, edging out biotech firms, which received $943 million. Nearly a third of all first-round financing, or $279 million, went to software companies, with biotech a distant second at $89 million.

Tug Of ViewTwo of the biggest software deals were for information-security companies: CipherTrust Inc. received an expansion-stage investment of $42 million, and Fortinet got a later-stage investment of $39 million. The leading software categories in terms of number of deals were business and office (36), information security (19), communications and networking (14), and enterprise resource planning (13).

Ted Schlein, a partner at Kleiner, Perkins, Caulfield, & Byers, said in a conference call last week that regulatory compliance makes the outlook especially bright for startups in storage and networking. A lot of investment also is going to security, infrastructure, and high-end data analytics, he says. "With the ability to access so much information, how are you going to analyze and make sense out of it?"

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
State of the Cloud
State of the Cloud
Cloud has drastically changed how IT organizations consume and deploy services in the digital age. This research report will delve into public, private and hybrid cloud adoption trends, with a special focus on infrastructure as a service and its role in the enterprise. Find out the challenges organizations are experiencing, and the technologies and strategies they are using to manage and mitigate those challenges today.
Commentary
Enterprise Guide to Edge Computing
Cathleen Gagne, Managing Editor, InformationWeek,  10/15/2019
News
Rethinking IT: Tech Investments that Drive Business Growth
Jessica Davis, Senior Editor, Enterprise Apps,  10/3/2019
Slideshows
IT Careers: 12 Job Skills in Demand for 2020
Cynthia Harvey, Freelance Journalist, InformationWeek,  10/1/2019
Register for InformationWeek Newsletters
Video
Current Issue
Getting Started With Emerging Technologies
Looking to help your enterprise IT team ease the stress of putting new/emerging technologies such as AI, machine learning and IoT to work for their organizations? There are a few ways to get off on the right foot. In this report we share some expert advice on how to approach some of these seemingly daunting tech challenges.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll