13 private tech companies have cumulatively raised over $500M without telling the public what it is they do.

We used CB Insights data to identify today’s well-capitalized stealth tech companies and found 13 which have each raised over $15M. Not surprisingly, of the 13 companies, 9 had founding teams that previously were founders or CEOs of startups which had already exited or had some level of success.  On the investor side, Accel Partners has backed 4 of the 13 including Jet.com, NextBit Systems, Primary Data, and Jut, while Lightspeed Venture Partners is the only other VC with multiple portfolio companies from our list, sharing Primary Data and Jut with Accel.

 

Tech’s Most Well-Funded Stealth Companies
Rank Company Area of Focus Total Funding ($M) Founder(s) Pedigree
1 Soft Machines Chips & Semiconductors 96 Former Intel. Registered 30 microchip tech patents
2 Jet.com eCommerce 80 Founded Diapers.com. Sold to Amazon for $545M
3 Vessel Digital Video 75 Founding CEO and CTO at Hulu
4 Primary Data IT Infrastructure & Data Storage 60 Founded Fusion-io. IPO at $1.48B valuation
5 Illumio Cloud Security 42 Seed investor in Powermat + Tory Burch
6 Rubicon Media Media 26 Founded Betable
7 Qumulo IT Services 25 Founded Corensic. Former Isilon Systems
8 Tyto Life Internet of Things 23 Former SVP Nokia, VP Apple
9 Layer3 TV New Media/Cable Provider 21 GP Genovation Capital, Former CTO Comcast Cable
10 Jut Data Analytics 20 Founded Riverbed Technology
10 CNEX Labs Big Data 20 Former Marvell & Huawei
12 NextBit Systems Mobile data storage 18 Founded 3LM. Former: Android, EIR at Accel Partners
13 ProtectWise Network security 17 Founded MX Logic (acquired by McAfee)
*Only companies that have raised financing since 2012 and that remain in stealth mode as of Sept 30th, 2014 were included

 

Photo credit: Staff Sgt. Bennie J. Davis III // Wikipedia

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