Mornarx is using a new approach to stop these web-born intrusions. “We are using the application stack to protect itself,” said Matt Hoffman, CEO at Monarx. “It’s our opinion that traditional network security strategies have not been effective, especially when it comes to web-based attacks. Malicious code is still inserted into systems every day.”

On DriveScale specifically, the judges acknowledged its SCI solution as a “truly powerful software” that “can pave the way for true change in the space.” On standing out in a crowded industry they commented, “It is really commendable to make an impression in the overcrowded data center support market…”

Canopy, a cloud-based practice management system for accountants and tax professionals, has received $42 million in its latest funding round. “We have seen significant demand from both the investor community and customers to offer a better solution than what is currently available in the market,” said Canopy CEO Kurt Avarell in a statement. Canopy plans to use the funding to further develop the pipeline

Baby sock monitor company Owlet announced a $24 million Series B funding round. “As a company of parents, it is important to us to bring innovative technology into a family’s everyday life,” Co-Founder Kurt Workman said. “This new round of funding will enable us to expand our product line and explore ways to support the health and wellness of families at all stages, from pregnancy on…