About NetApp Excellerator
NetApp Excellerator is an accelerator and incubator program based in Bengaluru, India. With a presence in 7 countries, it has supported around 51 startups in sectors like Enterprise Applications, High Tech. As of Oct 2026, NetApp Excellerator has 1 unicorn under its belt and has witnessed 4 portfolio exits. Most notable companies in
its portfolio include CloudSEK Research, QNu Labs and Zluri. The program is backed by a team of 1 people who primarily support Grant (prize money) startups based in India. Its latest investment was a $15K Grant (prize money) round in LEGOAI on Jul 17, 2024.
Key Metrics
Location
Bengaluru, India
Portfolio Companies
Sectors of Investment
Stages of Investment
Grant (prize money) & Seed
Locations of Investment
Unicorn in Portfolio
NetApp Excellerator's List of Top Investments
NetApp Excellerator has a portfolio of 51 companies, one of which is a Unicorn. Their most notable investments are in Vaultedge and LightMetrics.Their portfolio spans across India, United States, Singapore and 4 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 16 other sectors, across stages such as Grant (prize money), Seed stages. Here is the list of top investments by NetApp Excellerator:
Provider of predictive attack path intelligence and digital risk monitoring. This platform identifies and maps external attack surfaces to detect vulnerabilities, leaked credentials, and shadow assets. It utilizes graph-based analysis to connect security signals, allowing for the identification of exploitable paths within an infrastructure. The technology monitors the deep and dark web for data leaks, brand impersonation, and supply chain risks. Automated scanning tools assess mobile applications and cloud environments to uncover misconfigurations. By aggregating threat intelligence, the system assists in prioritizing remediation workflows to prevent unauthorized access to sensitive data.
Key facts about CloudSEK Research
- Founded Year: 2015
- Location: Singapore (Singapore)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $42.7M
- Employee Count: 243 as on Sep 30, 2026
- Investors: Exfinity Venture Partners, Parampara Capital and 19 Others
- Latest Funding Round: Series B, Jan 13, 2026, $*****
- Highlight: Editors' Pick
2. QNu Labs
Provider of quantum cryptography solutions, key distribution, random number generation. It offers quantum key distribution for secure cryptographic keys and quantum random number generators. It provides post-quantum cryptography algorithms resistant to quantum attacks. It delivers quantum-safe virtual private networks, secure tunnels, and messaging services.
Key facts about QNu Labs
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $43.3M
- Employee Count: 118 as on Aug 31, 2025
- Investors: DSP Mutual Fund, Cisco and 103 Others
- Latest Funding Round: Series A, Sep 09, 2026, $*****
- Highlight: Editors' Pick
3. Zluri
Provider of SaaS management, access management, and access review solutions. This company offers a platform to discover and manage software-as-a-service (SaaS) applications, providing control over access permissions and automating access reviews. Its solutions streamline user lifecycle management, enabling efficient onboarding, offboarding, and access requests. The platform helps organizations improve compliance by automating access controls and generating reports. It also offers features for cost optimization and contract management related to SaaS applications. The technology uses a patented discovery engine and a flexible policy engine to provide comprehensive visibility and control over identities, applications, and access.
Key facts about Zluri
- Founded Year: 2020
- Location: San Francisco (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $32.5M
- Employee Count: 125 as on Apr 30, 2025
- Investors: Lightspeed, Lightspeed Venture Partners and 31 Others
- Latest Funding Round: Series B, Jul 11, 2023, $*****
- Highlight: Editors' Pick
4. LightMetrics
Provider of video telematics solutions for telematics service providers. The company offers a platform to integrate and deploy video telematics. It provides installer and driver applications, portals, and software. The company delivers software for camera applications, cloud, and mobile applications.
Key facts about LightMetrics
- Founded Year: 2015
- Location: Bengaluru (India)
- Annual Revenue: ₹50 - ₹100 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series A
- Total Funding till date: $10.7M
- Employee Count: 128 as on Aug 31, 2025
- Investors: Peak XV Partners, Beenext and 10 Others
- Latest Funding Round: Angel, Dec 20, 2023, $*****
- Highlight: Editors' Pick
5. FirstHive
Provider of an AI-powered platform for customer data unification and analysis. The platform offers data ingestion, identity resolution, and customer journey orchestration. It facilitates personalized experiences across digital and offline channels. The platform also provides campaign intelligence and optimization through predictive analytics.
Key facts about FirstHive
NetApp Excellerator's Year-on-Year Investment Trends
NetApp Excellerator has invested in 51 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in LEGOAI and most recent follow-on round was in NEMA AI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 0 | 0 | 0 |
2024 | 2 | 0 | 2 |
2023 | 2 | 0 | 2 |
2022 | 2 | 0 | 2 |
2021 | 1 | 0 | 1 |
2020 | 1 | 0 | 1 |
2019 | 9 | 0 | 9 |
2018 | 10 | 0 | 10 |
2017 | 4 | 0 | 4 |
NetApp Excellerator's Investments by Stage
NetApp Excellerator has made 24 investments in Grant (prize money) stage with an average round size of $15K and 7 investments in Seed stage with an average round size of $244K.Stage of entry | No. of Investments |
|---|---|
Grant (prize money) | 24 |
Seed | 7 |
Note: We have considered here, only first round of investments
NetApp Excellerator's Investments by Sector
NetApp Excellerator has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Artificial Intelligence - Industry Applications and Vertical SaaS. Notably, it has invested in 50 Enterprise (B2B) companies, 50 Tech companies, 47 Software companies and at least 33 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 28 |
Enterprise Infrastructure | 12 |
High Tech | 12 |
Artificial Intelligence - Industry Applications | 5 |
Vertical SaaS | 5 |
Others | 27 |
Note: We have considered here, only first round of investments
NetApp Excellerator's Investments by Geography
NetApp Excellerator has made most investments in India (22), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
India | 22 |
United States | 9 |
Singapore | 1 |
South Korea | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
NetApp Excellerator's recent investments
NetApp Excellerator has not made any investment in 2026 so far.Here are the most recent investments by NetApp Excellerator:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 17, 2024 | India | Grant (prize money) | 5923 | - | |
Jul 17, 2024 | United Kingdom | Seed | 7847 | - | |
May 12, 2023 | India | Grant (prize money) | 4233 | - | |
Apr 27, 2023 | United States | Grant (prize money) | 8699 | - | |
Jul 14, 2022 | United States | Grant (prize money) | 1300 | - |
Unicorns in NetApp Excellerator's Portfolio
NetApp Excellerator has 1 unicorn in its portfolio - Coralogix. The most recent unicorn in their portfolio is Coralogix which became a unicorn in 2025, 1 years before NetApp Excellerator first invested in it.Here is a list of unicorns in NetApp Excellerator's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of an AI-native observability platform that unifies real-time insights across systems, security, and AI workloads | 2014 | San Francisco | Series F | rmisbmf |
Acquired companies in NetApp Excellerator's Portfolio
4 companies from NetApp Excellerator's portfolio have been acquired. The most recent acquisition was Anlyz in Feb 2023 by Trend Micro for $*****.Here are NetApp Excellerator's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 22, 2023 | Feb 28, 2018 | Grant (prize money) | 8843 | |
Sep 16, 2021 | - | - | 5709 | |
Aug 26, 2021 | - | - | 9548 | |
Feb 12, 2019 | - | - | 9739 |
Team profile of NetApp Excellerator
NetApp Excellerator has a team of 1 member. NetApp Excellerator's team does not sit on the board of any company as of now.Co-investors of NetApp Excellerator
Over the past 9 years, 408 investors have co-invested in NetApp Excellerator's portfolio companies. This includes funds and angels.
- Invested before NetApp Excellerator: Startup Karnataka, Endiya Partners and 261 others have invested in rounds before NetApp Excellerator. There are 3 companies where Startup Karnataka has invested before NetApp Excellerator and 3 companies where Endiya Partners has invested before NetApp Excellerator.
- Top Co-investors of NetApp Excellerator: Sundararajan Ss entered a company along with NetApp Excellerator.
- Invested after NetApp Excellerator: A total of 144 investors have invested in NetApp Excellerator's portfolio after their investments. Top Investors include Tenacity Ventures (2 companies) and Peak XV Partners (2 companies).
