Sierra Ventures December 2019 Update

Sierra Ventures 2019 End of Year Recap
Sierra Ventures
Hello,
 
As 2019 comes to an end and a new decade is just around the corner, we're reflecting on the year, including highlights from Q3 & Q4.
If you missed the highlights from Q1 & Q2 you can find the Newsletter here.
For the latest Sierra Ventures news follow us on Twitter or LinkedIn. As always, feel free to contact us with any questions or updates.
Wishing you a wonderful holiday season and a great start to the New Year!
 
Ben, Jim, Mark, and Tim
NEW INVESTMENTS
Astronomer, a company making it easy to run production-grade Airflow deployments, raised a $5.7M Series Seed led by Sierra Ventures with Bain Capital Ventures, Refinery Ventures, Frontline Capital Ventures, CincyTech, Wireframe Ventures, and Grand Ventures participating.
Paro, a network of top-tier freelance financial professionals, raised a $8.15M Series A led by Sierra Ventures with Revolution Ventures participating.
Q-CTRL, a quantum computing startup solving hardware error and instability, raised a $15M Series A led by Square Peg Capital with Sierra Ventures, CSIRO Innovation Fund, Pearl Anchor Limited, Vivaldi International participating.
Companies in Stealth Mode
•   A 3D printing company opening up new commercial and industrial applications.
•   A company building AI-Powered Finance Team For Startups.
EXPANSION ROUNDS
Sikka Software, a company providing Business Intelligence Software for the healthcare and small business communities, raised a $5M Series D.
EXITS
Bitfusion, a company that builds virtual remote attached GPUs, FPGAs and ASICs for any AI application, was acquired by VMware in August 2019.
Shape Security, a Cyber Security company, is being acquired by F5 Networks for $1B. Read more.
ENTREPRENEUR HIGHLIGHT
Michael Biercuk
 
Prof. Michael J. Biercuk is the Founder and CEO of Q-CTRL, a global quantum technology company. Michael is also a Professor of Quantum Physics & Quantum Technology at the University of Sydney. In these roles, Michael leads teams with a focus on commercializing quantum computing. Quantum technology, harnessing quantum physics as a resource, promises to be as transformational in the 21st century as harnessing electricity was in the 19th century.
 
Q-CTRL is a leader in the new discipline of quantum control engineering which solves the hardest problems facing quantum tech, such as improving hardware performance and accelerating pathways to useful quantum computers, sensors, and implement new medical imaging techniques. For more information, check out Q-CTRL's 2019 Retrospective and 2020 Predictions.
PORTFOLIO NEWS
CoreTigo - SKF Bearing manufacturing plant in France deploys CoreTigo’s IO-Link Wireless Solution for energy conservation. Read more.
Movandi - Movandi named to CNBC’s 2019 Upstart 100, recognizing the company as an up-and-coming promising startup. Read more.
Theta Labs - Theta Network partners with DLive to bring decentralized video streaming to over 5 million users. Read more.
Zaloni - Zaloni was awarded the "Best Use of Data" award at the 20th Banking Technology Awards in London. Read more.
CXO Advisory Board
 
The 14th Annual Sierra Ventures CXO Summit was a success. Check out our short Video Recap of the event.
 
A warm welcome to the new CXOs who joined the Advisory Board from Glassdoor, La-Z-Boy, Warner Bros., Warner Music Group, and Williams Sonoma.
 
Learn more about the Sierra Ventures CXO Advisory Board.
SIERRA INSIGHTS
The Sierra Ventures Team shared perspectives on the top B2B IT Infrastructure Trends from 2019. Trends include:
•   Privacy Operations Infrastructure (PrivOps)
•   Kubernetes Management
•   API Security
•   Developer Led B2Bi Infrastructure (3rd-Gen Data Flow/ Integration Tools)
•   Intelligent Enterprise Applications
•   Customer Interaction on a Global Scale
Sierra Ventures is a Bay Area based early-stage venture firm investing globally with a focus on Next Generation Enterprise and Emerging Technologies. With over three decades of experience and over $2 billion of assets under management, Sierra has created a vast network of successful entrepreneurs, Fortune 1000 CXOs, operational executives, and deep domain experts, providing a platform for entrepreneurs around the world.
Scroll to Top