Venture capital investment in companies that sell software and services to businesses is accelerating as corporate operations shift to the cloud. Among business-to-business software companies, these are the top 20 recipients of venture capital investment during the past four quarters, according to data compiled by MoneyTree.

Photograph by Mark Weiss/Corbis

Venture capital investment in companies that sell software and services to businesses is accelerating as corporate operations shift to the cloud. Among business-to-business software companies, these are the top 20 recipients of venture capital investment during the past four quarters, according to data compiled by MoneyTree.

Photograph by Mark Weiss/Corbis

What's the Next Big Thing in Business Services?

Capital Growth
Capital Growth

Venture capital investment in companies that sell software and services to businesses is accelerating as corporate operations shift to the cloud. Among business-to-business software companies, these are the top 20 recipients of venture capital investment during the past four quarters, according to data compiled by MoneyTree.

Photograph by Mark Weiss/Corbis
Awarepoint
Awarepoint
Awarepoint’s product helps hospitals manage work flow—for example, through automatically managing bed availability and staff hygiene. The company raised $27.4 million from Cardinal Partners, JAFCO Ventures, Kleiner Perkins Caufield & Byers, Top Tier Capital Partners, and Venrock Associates.
Photograph by Edward Rosenberger/Getty Images
Tidemark System
Tidemark System
Tidemark Systems makes planning software that helps organizations make decisions using real-time analytics. The company raised $29.3 million in two rounds from Andreessen Horowitz, Greylock Partners, Redpoint Ventures, and an undisclosed investor.
Photograph by Getty Images
MeLLmo
MeLLmo
MeLLmo makes Roambi, a mobile application for business analytics. The company raised $30 million from Sequoia Capital.
Photograph by Mike Kemp/Getty Images
Liaison Technologies
Liaison Technologies
Liaison Technologies provides data integration and management in the cloud. The company raised $30 million from Merck Global Health Innovation Fund.
Photograph by Thenakedsnail/Getty Images
Zenprise
Zenprise
Zenprise makes software that manages employee mobile use so businesses don't have to worry about data security. The company raised $30.2 million in three rounds of financing from Bay Partners, Greylock Partners, Mayfield Fund, Rembrandt Venture Partners, Shasta Ventures Management, and undisclosed investors.
Photograph by Martin Soeby /Gallery Stock
Actifio
Actifio
Actifio sells software to manage copies of production data to help with data management, retention, and recovery. The company raised $33.5 million from Advanced Technology Ventures, Andreessen Horowitz, Greylock Partners, and North Bridge Venture Partners.
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Delivery Agent
Delivery Agent
Delivery Agent works with media companies such as Fox and HBO on interactive marketing and branding. The company raised $35.5 million in two rounds from Bessemer Venture Partners, Grazia Equity, Intel Capital, and Liberty Global Ventures.
Photograph by Stan Honda/AFP/Getty Images
Zuora
Zuora
Zuora makes cloud-based subscription-billing systems. The company raised $36 million in two rounds from Benchmark Capital, Greylock Partners, Index Ventures, Redpoint Ventures, Shasta Ventures Management, Tenaya Capital, and an undisclosed investor.
Photograph by Sean Gallup/Getty Images
Kinnser Software
Kinnser Software
Kinnser Software makes Web-based tools for home health businesses to improve communication and reduce costs. The company raised $39.9 million from Insight Venture Partners.
Photograph by Peter Sebastian/Getty Images
Apptio
Apptio
Apptio's software, sold as a Web-based service, evaluates the total cost of information technology services, letting companies budget and forecast expenses more easily. The company raised $50 million from Andreessen Horowitz, Greylock Partners, Madrona Venture Group, Shasta Ventures Management, and an undisclosed investor.
Photograph by Kim Cook /Gallery Stock
Rapid7
Rapid7

Security provider Rapid7 runs so-called penetration tests, simulating cyber attacks to help businesses learn where their networks are vulnerable. The company raised $50 million from Technology Crossover Ventures.

Photograph by Tim Flach/Getty Images
Marketo
Marketo
Marketo helps automate marketing using data analysis. The company raised $50 million from Battery Ventures, Institutional Venture Partners, InterWest Partners, Mayfield Fund, and Storm Ventures.
Photograph by Paul Taylor/Getty Images
Mandiant
Mandiant
Mandiant offers security software that detects companies' vulnerability to Internet-based attacks and helps them respond quickly after an attack. The company raised $51.6 million from Kleiner Perkins Caufield & Byers and One Equity Partners.
Photograph by Colin Brown/Getty Images
iControl Networks
iControl Networks

Startup iControl Networks makes home-management software. Its programs can send parents text alerts when children arrive home, for example, or provide remote thermostat or security-systems management. Cable providers and security companies sell iControl's services to their customers. The company raised $51.6 million from Charles River Ventures, Cisco Systems, Comcast Ventures, Intel Capital, Kleiner Perkins Caufield & Byers, Rogers Communications, and other undisclosed investors.

Photograph by Martin Barraud/Getty Images
Buddy Media
Buddy Media
Buddy Media’s enterprise software helps companies boost their consumer-brand image on such social media sites as Facebook and Twitter. The company raised $54 million from Bay Partners, GGV Capital, Insight Venture Partners, and Institutional Venture Partners.
Photograph by Jason Alden/Bloomberg
Appirio
Appirio
Appirio’s consulting services help companies move their operations to the cloud and roll out software-as-a-service applications. The company raised $60 million from General Atlantic, GGV Capital, Sequoia Capital, and an undisclosed investor.
Photograph by Stuart Westmorland/Getty Images
 Internet Pipeline
Internet Pipeline

Known as iPipeline, this startup makes Web-based software to speed up insurance companies' marketing and sales processes. The company raised $71.4 million from NewSpring Capital, Technology Crossover Ventures, and Volition Capital.

Photograph by Dennis Gerbeckx/Getty Images
HeartFlow
HeartFlow
HeartFlow uses CT scans and high-performance computing systems to help doctors determine whether patients with coronary artery disease require treatment. The company raised $75 million in two rounds from Capricorn Investment Group and U.S. Venture Partners.
Photograph by BioPhoto Associates/Getty Images
Joyent
Joyent
Joyent offers software and services to businesses operating in the cloud, including LinkedIn, Gilt Groupe, and Kabam. The company raised $85 million from El Dorado Ventures, EPIC Ventures, Greycroft Partners, Intel Capital, Liberty Global Ventures, Telefónica, and an undisclosed investor.
Photograph by Steven Puetzer/Getty Images
Drilling Info
Drilling Info
Drilling Info sells data, analysis, and online tools to oil and gas companies. The company raised $116.8 million in a round by Battery Ventures, Eastern Advisors Private Fund, and Insight Venture Partners.
Photograph by Mike Light /Gallery Stock