The 38 most valuable enterprise startups of 2016

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2016 was an odd year when it came to venture funding.

While there was still plenty of money available, investors weren't as generous with their terms as they were during their check-writing frenzy of 2014-2015. They wanted to nab a bigger piece of equity for the money they put in.

So, if the previous period was all about "unicorns" - startups that raised so much money at such great terms that their investors valued them at over $1 billion - 2016 was the year of the "down round." That's when cash-burning startups had to sell shares for a lower price than they previously commanded.

Given this backdrop, we thought it would be interesting to look at the enterprise startups that did the best nabbing money in 2016 and growing their valuations this year. Enterprise startups are those that sell their products and services to other businesses, as opposed to consumers.

We asked PitchBook, a company that offers a database of venture and private equity funding, to sift through its vast collection of financial records to come up with this list of the highest-valued enterprise startups of 2016, based exclusively on startups that completed financing rounds in 2016.

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Yieldbot: $95.79 million for online ads

Yieldbot: $95.79 million for online ads

Company: Yieldbot

Date of last round: 8/3/2016

Amount: $35 million

Total funding to date: $65.37 million

Post-money valuation: $95.79 million

Provides a rules-based online advertising service. The company collects visitor data, mines it and then serves advertisements to the visitor.

Skycatch: $96 million for photo drones

Skycatch: $96 million for photo drones

Company: Skycatch

Date of last round: 9/19/2016

Amount: $26 million

Total funding to date: $46.01 million

Post-money valuation: $96 million

Provides small flying drones designed to take pictures and video for commercial needs, like logistics.

Invoca: $100 million for customer service analysis

Invoca: $100 million for customer service analysis

Company: Invoca

Date of last round: 3/30/2016

Amount: $29.5 million

Total funding to date: $61.93 million

Post-money valuation: $100 million

Provides a cloud app to help marketers understand why customers are calling, who's calling, and analyze what's being said in conversations.

Periscope Data: $100 million for fast big data

Periscope Data: $100 million for fast big data

Company: Periscope Data

Date of last round: 11/4/2016

Amount: $25 million

Total funding to date: $36.36 million

Post-money valuation: $100 million

Offers a cloud service that plugs directly into a big data database and returns answers to questions in seconds.

Engagio: $100 million to ease the sales pipeline

Engagio: $100 million to ease the sales pipeline

Company: Engagio

Date of last round: 7/7/2016

Amount: $22 million

Total funding to date: $31.98 million

Post-money valuation: $100 million

Provides an account-based marketing automation tool to help companies with complex enterprise sales, and better manage how they work with prospects.

Paxata: $108.82 million for easier big data projects

Paxata: $108.82 million for easier big data projects

Company: Paxata

Date of last round: 10/24/2016

Amount: $34 million

Total funding to date: $61.56 million

Post-money valuation: $108.82 million

A cloud service that sorts, cleans and prepares data to make it easier to for analysts and other big data apps to work with the data.

Princeton Identity: $117.65 million for extreme security

Princeton Identity: $117.65 million for extreme security

Company: Princeton Identity

Date of last round: 8/29/2016

Amount: $40 million

Total funding to date: $40 million

Post-money valuation: $117.65 million

Provides biometric security technology, such as eye scanners and facial recognition tech used by governments and corporations.

SmartRecruiters: $118.1 million for improved recruiting

SmartRecruiters: $118.1 million for improved recruiting

Company: SmartRecruiters

Date of last round: 6/30/2016

Amount: $30 million

Total funding to date: $55.02 million

Post-money valuation: $118.1 million

Provides a cloud-based platform that helps in recruiting process from sourcing to hiring.

Virool: $127.3 million for video ads

Virool: $127.3 million for video ads

Company: Virool

Date of last round: 4/5/2016

Amount: $20 million

Total funding to date: $27.08 million

Post-money valuation: $127.3 million

Lets brands create advertising videos to target audiences on mobile phones and social networking sites.

Leanplum: $127.36 million for optimization testing

Leanplum: $127.36 million for optimization testing

Company: Leanplum

Date of last round: 10/18/2016

Amount: $29 million

Total funding to date: $46.23 million

Post-money valuation: $127.36 million

Lets developers conduct on-the-fly optimization tests and see immediate results with analytics.

PlaceIQ: $133.64 million for mobile ads

PlaceIQ: $133.64 million for mobile ads

Company: PlaceIQ

Date of last round: 10/13/2016

Amount: $25 million

Total funding to date: $51.96 million

Post-money valuation: $133.64 million

Offers geo-location data services and marketing tools to send mobile ads to people based on their locations.

Desktop Metal: $134 million for 3D printing with metal

Desktop Metal: $134 million for 3D printing with metal

Company: Desktop Metal

Date of last round: 4/25/2016

Amount: $38 million

Total funding to date: $51.98 million

Post-money valuation: $134 million

Offers a 3D printer capable of using aluminum and titanium.

Euclid Analytics: $140.84 million for retail sensors

Euclid Analytics: $140.84 million for retail sensors

Company: Euclid Analytics

Date of last round: 1/14/2016

Amount: $20 million

Total funding to date: $43.65 million

Post-money valuation: $140.84 million

Offers shopping analytics tech that involves installing sensors in a retail space to measure foot traffic and understand customer behavior in their stores.

Progyny: $142.22 million for fertility treatment option

Progyny: $142.22 million for fertility treatment option

Company: Progyny

Date of last round: 6/26/2016

Amount: $14.77 million

Total funding to date: $98.65 million

Post-money valuation: $142.22 million

Offers an online marketplace helping women develop customized fertility health plans, and find fertility services and doctors.

Ensighten: $158.19 million for optimal marketing campaigns

Ensighten: $158.19 million for optimal marketing campaigns

Company: Ensighten

Date of last round: 1/1/2016

Amount: $53 million

Total funding to date: $108.50 million

Post-money valuation: $158.19 million

Provides a cloud-app that helps marketers act on real-time data from online and offline sources and lets them test and optimize their campaigns.

Curalate: $168.1 million for recognizing images

Curalate: $168.1 million for recognizing images

Company: Curalate

Date of last round: 2/2/2016

Amount: $27.5 million

Total funding to date: $39.90 million

Post-money valuation: $168.1 million

Provides a visual analytics and marketing platform that recognizes images on social media to help marketers find people using images to to talk about brands.

SessionM: $168.24 million for mobile loyalty programs

SessionM: $168.24 million for mobile loyalty programs

Company: SessionM

Date of last round: 9/8/2016

Amount: $35 million

Total funding to date: $73.70 million

Post-money valuation: $168.24 million

Offers software for loyalty programs and mobile marketing.

Drawbridge: $175 million for targeting mobile ads

Drawbridge: $175 million for targeting mobile ads

Company: Drawbridge

Date of last round: 5/5/2016

Amount: $25 million

Total funding to date: $45.50 million

Post-money valuation: $175 million

Provides a self-learning technology that tracks user behavior across all of their devices to better target mobile ads.

Nanotronics Imaging: $176.61 million for powerful microscopes

Nanotronics Imaging: $176.61 million for powerful microscopes

Company: Nanotronics Imaging

Date of last round: 9/23/2016

Amount: $20 million

Total funding to date: $29.57 million

Post-money valuation: $176.61 million

Offers high-resolution optical microscopes used to inspect wafer chips and other tiny electronics for defects.

Datorama: $178.35 million for sharing marketing data

Datorama: $178.35 million for sharing marketing data

Company: Datorama

Date of last round: 9/12/2016

Amount: $32 million

Total funding to date: $50.75 million

Post-money valuation: $178.35 million

Provides marketing analytics that lets enterprises, agencies and publishers to connect all of their data sources together.

Justworks: $183.01 million for cloud HR software

Justworks: $183.01 million for cloud HR software

Company: Justworks

Date of last round: 3/3/2016

Amount: $33 million

Total funding to date: $57.52 million

Post-money valuation: $183.01 million

Provides an online payroll and benefits platform.

Clarabridge: $208.65 million for better customer support

Clarabridge: $208.65 million for better customer support

Company: Clarabridge

Date of last round: 9/23/2016

Amount: $12.49 million

Total funding to date: $121.67 million

Post-money valuation: $208.65 million

Provides software that analyzes customer support messages, comments, reviews and other customer feedback.

Enlighted: $214.14 million for smart commercial lighting

Enlighted: $214.14 million for smart commercial lighting

Company: Enlighted

Date of last round: 2/29/2016

Amount: $25 million

Total funding to date: $83.14 million

Post-money valuation: $214.14 million

Provides commercial energy-efficient automated lighting systems.

Namely: $250.64 million for online HR software

Namely: $250.64 million for online HR software

Company: Namely

Date of last round: 2/23/2016

Amount: $30 million

Total funding to date: $118.80 million

Post-money valuation: $250.64 million

Develops cloud-based HR software that includes payroll, benefits, onboarding and reviews.

Taulia: $272.98 million for corporate procurement

Taulia: $272.98 million for corporate procurement

Company: Taulia

Date of last round: 1/14/2016

Amount: $46 million

Total funding to date: $136.74 million

Post-money valuation: $272.98 million

Provides cloud-based invoice, payment and discounting management software for corporate buyers.

Checkr: $275 million for background checks

Checkr: $275 million for background checks

Company: Checkr

Date of last round: 3/23/2016

Amount: $40 million

Total funding to date: $49.12 million

Post-money valuation: $275 million

Provides a background check app.

Tapjoy: $277.54 million for mobile app ads

Tapjoy: $277.54 million for mobile app ads

Company: Tapjoy

Date of last round: 5/31/2016

Amount: $30 million

Total funding to date: $94.71 million

Post-money valuation: $277.54 million

Helps mobile app developers add advertisements to their apps.

Phononic: $284 million for sophisticated cooling systems

Phononic: $284 million for sophisticated cooling systems

Company: Phononic

Date of last round: 11/16/2016

Amount: $71 million

Total funding to date: $170.49 million

Post-money valuation: $284 million

Makes cooling and refrigeration technology that uses solid-state semiconductor technology.

Spredfast: $331.68 million for social media management

Spredfast: $331.68 million for social media management

Company: Spredfast

Date of last round: 6/1/2016

Amount: $50.14 million

Total funding to date: $140.32 million

Post-money valuation: $331.68 million

Provides social marketing management software.

Jana: $388.2 million for advertising sponsored internet access

Jana: $388.2 million for advertising sponsored internet access

Company: Jana

Date of last round: 2/18/2016

Amount: $57 million

Total funding to date: $94.36 million

Post-money valuation: $388.2 million

Provides advertising-sponsored internet access in emerging markets by letting users download, try and engage with apps in return for free data to be used anywhere on the internet.

DataXu: $390.04 million for ad buying

DataXu: $390.04 million for ad buying

Company: DataXu

Date of last round: 1/25/2016

Amount: $10.04 million

Total funding to date: $93.47 million

Post-money valuation: $390.04 million

Provides a real-time advertising management app that combines automated media buying, optimization and analytics.

Hired: $490 million for recruiting tech employees

Hired: $490 million for recruiting tech employees

Company: Hired

Date of last round: 11/9/2016

Amount: $40 million

Total funding to date: $102.98 million

Post-money valuation: $490 million

Provides a marketplace that helps tech companies recruit engineers, product managers, data scientists, UX/UI designers and sales professionals.

Asana: $600 million for project management for teams

Asana: $600 million for project management for teams

Company: Asana

Date of last round: 3/30/2016

Amount: $50 million

Total funding to date: $88.51 million

Post-money valuation: $600 million

Offers cloud task management/project management software for teams.

Carbon: $1.08 billion for sophisticated, fast 3D printing

Carbon: $1.08 billion for sophisticated, fast 3D printing

Company: Carbon

Date of last round: 9/15/2016

Amount: $181 million

Total funding to date: $222.00 million

Post-money valuation: $1.08 billion

Offers a 3D printer known for its "Continuous Liquid Interface Production Technology" that quickly creates high-quality mechanical parts.

Gusto: $1.09 billion for HR apps for small business

Gusto: $1.09 billion for HR apps for small business

Company: Gusto

Date of last round: 10/11/2016

Amount: $90 million

Total funding to date: $176.07 million

Post-money valuation: $1.09 billion

Provides a cloud-based payroll and human resources apps geared specifically for small businesses.

Apttus: $1.59 billion for quote-to-cash

Apttus: $1.59 billion for quote-to-cash

Company: Apttus

Date of last round: 9/28/2016

Amount: $88 million

Total funding to date: $274 million

Post-money valuation: $1.59 billion

Provides cloud-based software for quote-to-cash automation, software that manages the request for quotes/request for proposals process.

AppNexus: $1.6 billion for internet ads

AppNexus: $1.6 billion for internet ads

Company: AppNexus

Date of last round: 9/28/2016

Amount: $31 million

Total funding to date: $344.17 million

Post-money valuation: $1.6 billion

Provides an international internet advertising and ad management software based on machine learning.

AppNexus has reportedly filed paperwork for an IPO to take place in the first half of 2017.

Sprinklr: $1.8 billion for social media management

Sprinklr: $1.8 billion for social media management

Company: Sprinklr

Date of last round: 7/20/2016

Amount: $105 million

Total funding to date: $228.50 million

Post-money valuation: $1.8 billion

Provides cloud-based social media management software for large enterprises.

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