Kleiner Perkins Has Put Together a Monster Local Portfolio Full of DC Tech Cos

Legendary Silicon Valley-based venture capital firm Kleiner Perkins Caufield & Byers (KPCB) has quietly assembled a local portfolio featuring some supremely impressive D.C.-area tech companies. Though the prominent West Coast firm is not considered to be an active investor in startups and other tech companies that call the Greater Washington area home, an overview of KPCB’s local investment history reveals a track record laden with smart investments.

Here’s 5 D.C. area companies that KPCB has invested in:

Mandiant (Alexandria, Va.)

Today, Mandiant works as the forensic investigations division of FireEye, one of the largest cybersecurity firms in the world. The Mandiant brand first gained notoriety in connection to the now infamous Sony Hack allegedly perpetrate by the North Korean government. Prior to the Sony hack, in February 2013, Mandiant released a detailed cyber report, known as the APT1 espionage report, that directly implicated the Chinese government of cyber espionage. Founded in 2004 by former Air Force officer Kevin Mandia under the name Red Cliff Consulting, the company rebranded in 2006 to be called Mandiant. In 2012, Bloomberg Business reported that Mandiant’s revenue exceeded $100 million, up 76 percent from the year prior.

Optoro (Lanham, Md.)

Founded in 2008 by executives Adam Vitarello and Tobin Moore, Optoro is commonly referred to as a rising tech company among the D.C. tech scene. Optoro has raised more than $100 million via 5 rounds from 8 different institutional investors. The company develops a cloud-based software platform to help the retail industry deal with excess goods by intelligently aggregating and organizing related information. KPCB’s only investment in the company, to date, was directed at Optoro's Series C round via the KPCB Green Growth Fund. In late July, as DC Inno previously reported, Optoro raised a $40 million venture debt round led by Square 1 Bank and TriplePoint Venture Growth BDC.

OPower (Arlington, Va.)

OPower went public on April 7, 2014, and raised $116 million from completing the IPO, ELP reports. OPower sells its software directly to utility companies that can then layer the technology over their own offerings or to supplement other products. From the utility companies stand point, they can sell an offering to customers that provides detailed information about how energy is being used at their properties. Over the years, OPower has amassed and analyzed a vast volume of energy data which it leverages to create applications based on previous consumer behavior. The company services over 100 utility companies, globally. By using OPower’s software a client can monitor and reduce energy consumption. Founded in 2007, OPower has raised roughly $65 million via 3 funding round from a total of 7 institutional investors, according to CrunchBase].

Endgame (Arlington, Va.)

Founded in 2008 by former CEO Chris Rouland, Endgame is a rising cybersecurity later-stage company that specializes in Security Intelligence & Analytics (SIA), which helps collect and apply an analytics approach to cyberthreat data. The Arlington Va.-based firm has raised $85.9 million over the last five years and has big plans set for 2015. “The idea is to at least double sales in 2015 by continuously exceeding our customer’s expectations,” Endgame CEO Nathaniel Fick previously told DC Inno in an interview,“we would like to expand our business in financial services.” In February 2011, the company announced two major partnerships with computing behemoths HP and IBM to provide Endgame’s IP Reputation Intelligence service within the company's security offerings. Endgame first gained notoriety due to its work with the NSA and in connection to the agency’s venture arm, In-Q-Tel. Endgame’s board of directors is led by Christopher Darby, President/CEO of In-Q-Tel and the former President/CEO of Intel.

Kit Check (Washington, D.C.)

Based in Chinatown, Kit Check is led by CEO/co-founder Kevin MacDonald and co-founder/CPO Tim Kress-Spatz. Founded in 2011, the Arlington-based healthtech has raised $22.5 million via 3 rounds from 11 institutional investors, according to CrunchBase. KPCB was among the first investors to push money into Kit Check, back in October 2012. In January the company raised it’s most recent venture round in the form of a $12 million equity round led by healthcare-focused Kaiser Permanente Ventures. By selling medication and other medical equipment tracking tags and processing software to hospitals, Kit Check has built out a significant customer base around both the Greater Washington area and nationally. “Kit Check software tracks RFID tags used on medication in hospitals, limiting human error and helping hospitals plan ahead. In the last year it added a new product to keep an eye on anesthesia, which could play a crucial role in helping operations go smoothly,” DC Inno’s Eric Schwartz previously reported.