Accel Partners

Lightspeed and Accel lead $100 million investment in cloud security startup Netskope

Netskope platform

Netskope, a cloud security startup that helps companies secure their data stored in the cloud, announced today funding of $100 million in a round co-led by Lightspeed Venture Partners and Accel. Existing investors Social Capital and Iconiq Capital also participated in the round, as did new investors Sapphire Ventures and Geodesic Capital.

“A third of all business data has moved to the cloud, which has created a huge compliance gap,” wrote Netskope’s cofounder and CEO Sanjay Beri, in an email to VentureBeat. “In our data alone, we see that nearly 50 percent of all uploads to cloud violate data loss prevention policies set by our customers.”

Another layer of threats Beri described are what he…

How eastern European tech entrepreneurs are drawing global interest

(Reuters) — Tech entrepreneurs in central and southeastern European, many of whom already have experience of launching their own businesses, are now having more success at enticing global investors the second time around.

Until recently, the region’s tech start-up scene was stagnant, failing to rank among Europe’s top dozen countries for investment and lagging western and northern European countries, as well as decades-old tech hub Israel.

But that’s changing fast. By last year, investment in central Europe, while still modest, had jumped more than tenfold since 2012, buoyed by a growing number of deals. And 2017 is on track for even stronger growth.

While an early wave of companies often lacked the international know-how and market savvy to develop into global businesses, their founders have absorbed lessons and are now able to generate more heavyweight investment.

“A lot of the bigger guys are now starting to take a look at the region,” said Credo Venture’s Andrej Kiska, whose Prague-based fund started in 2010 and has since co-invested with global venture capital firms Index Ventures, Accel and Baseline Ventures.

“It’s still a small market but it’s growing fast. First time founders have gained experience and are now starting their second and third companies with higher ambitions.”

Take Warsaw-based medical appointment booking platform DocPlanner, founded by serial Polish entrepreneur Mariusz Gralewski.

On Wednesday, the company said it had closed a new round of €15 million to help fund international expansion in Latin America following its merger a year ago with Spanish rival Doctoralia.

Previously, Gralewski turned a dorm-room idea into Poland’s leading business social network, GoldenLine.pl, which he sold before setting up DocPlanner.

The medical booking company now employs 300 and says it is making 340,000 appointments per month in its six core markets of Poland, Spain, Italy, Turkey, Portugal and Mexico.

The new funding underlines how entrepreneurs such as Gralewski are attracting global investment.

DocPlanner has raised $46 million to date with international investor Target Global, Germany’s ENERN Investments and London-based One Peak Partners…

Founded by former Google and Apple engineers, DeepMap is mapping the future for self-driving cars

DeepMap, a new mapping startup for the fledgling autonomous vehicle industry, has raised $25 million in a series A round led by Accel, with participation from existing seed-stage investors Andreessen Horowitz and GSR Ventures, which had previously invested around $7 million in the company.

Not a great deal was known about DeepMap prior to now, but the Palo Alto-based company, which was founded early last year, has a number of notable people at the helm, including CEO James Wu, who previously worked at Google, Apple, and Baidu on mapping products; CTO Mark Wheeler, who also worked at Google as a software engineer and Apple as a senior scientist; and COO Wei Luo, who previously served as product manager across a number of Google projects, including Maps and Earth.

Put simply, DeepMap has some experienced and knowledgeable people leading its push into the self-driving car realm.

DeepMap’s underlying technology helps automotive firms get up to speed, so to speak, in terms of bringing autonomous cars onto roads around the world. DeepMap provides the software that gives them accurate high-definition mapping and real-time localization, as well as the necessary infrastructure to support the rolling out of the technology to cars at scale. In effect, DeepMap serves as the eyes and the brain needed to make cars autonomous; it maps the environment, tells the vehicle where it is in relation to the environment, and shares this information with other vehicles on the DeepMap platform.