Smartvid.io Raises $3.4M
Cambridge, MA based software company developing enterprise platform for video and photo content from mobile devices, GoProTM cameras and drones
Cambridge, MA – August 3, 2015 – Smartvid.io, Inc. has raised an initial round of capital to expand beyond its initial five charter customers and launch a broader private Beta program in the fall. The company is developing a platform for industrial video and photo content from mobile devices, GoProTM cameras, and drones.
“We’re very fortunate to have partnered with leading AEC (architecture, engineering and construction) companies to define our first generation product,” said Josh Kanner, Founder and CEO. “This funding will enable us to further accelerate our product development process and open up access to an even broader audience this Fall.”
“We are generating more and more high-quality video and photography content from our project sites through the use of mobile devices, drones, and GoPro cameras,” said Corren Collura, Chief Information Officer of Suffolk Construction, one of the largest building contractors in the country. “By leveraging Smartvid.io, we can handle the massive amounts of data we are generating, but most importantly we can save significant time in the field, collaborate in new ways with our partners, and provide a superior experience for our clients.”
CommonAngels Ventures led the $3.4M financing with participation from Launchpad Venture Group and other individual investors. “We are excited to invest in Smartvid.io as Josh and his team build a much-needed solution for the AEC industry to smartly collect and mine the data assets of industrial video,” said Maia Heymann, the Senior Managing Director of CommonAngels Ventures.
“We are committed to delivering on our ‘build smart’ promise in everything we do,” added Christopher Mayer, Suffolk’s Chief Innovation Officer. “We see tremendous value in using Smartvid.io as an innovative tool that will allow us to communicate and share important information about our projects more effectively with our internal and external audiences.”
About Smartvid.io, Inc.
Smartvid.io is building an enterprise-class SaaS platform for managing, collaborating, and analyzing industrial videos and photos wherever they come from - mobile devices, GoProTM cameras, or drones (UAVs). Starting in the AEC (architecture, engineering, and construction) industry, the company has five Alpha customers and is launching a private Beta in the Fall of 2015. Members of Smartvid.io’s founding team previously worked together to build Field Software provider Vela Systems, now known as BIM 360 Field, Autodesk’s “fastest growing product”, and also includes the Chief Creative Officer of enterprise mobility consultancy Mobiquity. Visit us at www.smartvid.io to sign up for our Fall Beta release.
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DraftKings Secures $300M In Funding
DraftKings, Inc., a leading daily fantasy sports destination, today announced it has secured a $300 Million Series D round of funding led by FOX Sports. Also participating in the round were major North American sports leagues Major League Baseball, the National Hockey League and Major League Soccer; leading sports organizations The Madison Square Garden Company and Legends; as well as existing investors Atlas Venture, DST Global, GGV Capital, The Kraft Group, The Raine Group and Wellington Management Company LLP. DraftKings will use the additional funding to continue building out its industry-leading web and mobile products, launch its product internationally, and explore new opportunities for vertical expansion.
DraftKings has become the fastest-growing company in DFS since its launch in 2012, having just registered its 100 millionth contest entry this month. The company is expected to award well over $1 Billion in prizes in 2015, up from approximately $300 Million in 2014.
"To receive this type of support from such an outstanding group of organizations, including three major sports leagues, is an incredible milestone for us and reaffirms our leadership position in Daily Fantasy Sports," said Jason Robins, CEO of DraftKings. "We intend to leverage these resources to develop even more innovative daily fantasy sports contests and provide new exclusive once-in-a-lifetime experiences for our players."
"Partnering with DraftKings, a clear leader in this field, is a great opportunity for us to capitalize on the growth of daily fantasy sports for the benefit of our viewers," said Eric Shanks, President and COO, FOX Sports. "We'll work with DraftKings to develop ideas and create content to drive deeper engagement with sports fans across multiple platforms, including our national, local, and digital properties."
Fresh off a recently announced exclusive multi-year partnership with ESPN, under which DraftKings will become the official daily fantasy partner of the media network across broadcast and digital platforms, today's announcement builds upon the company's leadership role in the DFS industry and its commitment to player satisfaction over a broad range of platforms. A recent research study by independent firm Eilers, confirmed DraftKings is the favorite daily fantasy sports site among players and has over 10 times the net promoter score (a measure of customer satisfaction and advocacy) of its next significant competitor.
As the first company to take DFS into the mainstream through its original partnership with MLB three years ago, DraftKings now has five major league deals (MLB, NHL, NASCAR, UFC, MLS). Additionally, DraftKings holds relationships with teams across all major sports, branding at marquee facilities like Madison Square Garden and STAPLES Center, and integrated sponsorships with top sporting events, including this year's Triple Crown win at the Belmont Stakes.
The Raine Group worked as exclusive advisor to DraftKings on the transaction.
DraftKings, Inc. is a leading skill-based Daily Fantasy Sports (DFS) gaming destination for fans in North America to compete in single-day online games for cash and prizes across the largest variety of professional and collegiate sports. DraftKings is the exclusive DFS partner of Major League Baseball, the National Hockey League, NASCAR, Ultimate Fighting Championship and Major League Soccer. Founded in 2012 by CEO Jason Robins, CRO Matt Kalish and COO Paul Liberman, DraftKings is headquartered in Boston, Mass. For more information about DraftKings, Inc., visit www.draftkings.com.
About FOX Sports
FOX Sports is the umbrella entity representing 21st Century FOX's wide array of multi-platform US-based sports assets. Built with brands capable of reaching more than 100 million viewers in a single weekend, FOX Sports includes ownership and interests in linear television networks, digital and mobile programming, broadband platforms, multiple web sites, joint-venture businesses and several licensing partnerships. FOX Sports includes the sports television arm of the FOX Broadcasting Company; FOX Sports 1; FOX Sports 2; Fox's 22 regional sports networks, their affiliated regional web sites and FSN national programming; FOX Soccer Plus and FOX Soccer 2Go; FOX Deportes and FOX College Sports. In addition, FOX Sports also encompasses FOX Sports Digital, which includes FOXSports.com, FOX Sports GO, Whatifsports.com and Yardbarker.com. Also included in the Group are FOX's interests in joint-venture businesses Big Ten Network and BTN 2Go, as well as licensing agreements that establish the FOX Sports Radio Network.
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Ecovent Closes $6.9 Million in Funding
Emerson Climate Technologies Leads Series A Round Amid Pre-Order Success of the CES 2015 Automation Product of the Year
Ecovent (ecoventsystems.com), the maker of the only intelligent home zoning system that delivers complete room-by-room climate control, today announced that it has closed a $6.9 million Series A funding round led by Emerson Climate Technologies, a business segment of Emerson (NYSE:EMR). The round includes participation from Tamarisc and Blue Fog Capital.
Ecovent started the year being named Automation Product of the Year at CES 2015, and has struck a chord with consumers, bringing in more than $1 million in pre-orders. Ecovent is transforming the home by giving consumers control over their comfort in every room. Ecovent’s advanced system of wireless vents and sensors intelligently diagnose the factors impacting room temperature and automatically adjust airflow into each room to achieve the perfectly desired temperature. With Ecovent, homeowners have the ability to control the temperature of each room individually through an app, saving energy and money by heating and cooling only the rooms that need conditioning instead of the entire home.
“Today’s cars allow passengers and drivers to set individual temperatures, yet most homes have only one adjustable zone, and it’s time to change that,” said Dipul Patel, CEO and co-founder of Ecovent. “We developed the Ecovent system to give people room-by-room temperature control in any home – automatically. It’s incredibly exciting to have the support of an industry titan like Emerson to help us bring Ecovent to a larger audience as we change the way homeowners experience comfort in their homes.”
For HVAC contractors and other industry professionals looking to deliver home climate control to their customers, Ecovent provides a complete, wireless zoning system that is more cost effective, less invasive and far easier to install than traditional zoning systems.
“With Ecovent, we see the potential to fix an issue that has gone unsolved in the residential HVAC industry for decades,” said Bob Sharp, Emerson executive vice president and climate technologies business leader. “Ecovent’s ability to function seamlessly in tandem with Emerson’s solutions for home comfort and energy efficiency makes them a natural fit as an investment and strategic partner.”
To learn more or reserve your Ecovent system, visit www.getecovent.com.
About Emerson Climate Technologies
Emerson Climate Technologies, a business segment of Emerson, is the world’s leading provider of heating, air conditioning and refrigeration solutions for residential, industrial and commercial applications. The group combines best-in-class technology with proven engineering, design, distribution, educational and monitoring services to provide customized, integrated climate-control solutions for customers worldwide. The innovative solutions of Emerson Climate Technologies, which include industry-leading brands such as Copeland Scroll™ and White-Rodgers™, improve human comfort, safeguard food and protect the environment. For more information, visit EmersonClimate.com.
Designed for comfort-focused homeowners, Ecovent is the only intelligent home zoning system that delivers complete room-by-room climate control through easy-to-install, self-configuring sensors and vents. Based in Boston, Mass., Ecovent brings smart HVAC technology to the residential marketplace through an advanced system of vents and sensors that intelligently diagnose the factors impacting room temperature and adjusts airflow going into each room to achieve the preferred temperature. For more information, please visit www.ecoventsystems.com or follow Ecovent on Twitter at @ecoventsystems.
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BevSpot raises $5.25 million
Talk about seizing an opportunity: when Rory Crawford was a graduate student at Harvard Business School last spring, he set up a 30-minute videoconference with one of the school’s entrepreneurs-in-residence, Ajay Agarwal. Crawford wanted to discuss a startup idea with Agarwal, an investor at Boston-based Bain Capital Ventures who splits his time between Massachusetts and California. READ MORE
BevSpot raises $720,000
2014 has been a pretty action-packed year thus far for BevSpot: founded in March by Harvard Business School and MIT students…raised $20,000 in early funding shortly after by the student-run Dorm Room Fund…product launch in August…and now, a $700,000 seed funding round. The startup, currently working out of Harvard’s Innovation Lab, has visions of becoming a web-based intermediary between liquor distributors and bars and restaurants. “We make it easier for bar and restaurant managers to find product, manage their inventory, and replenish it when they need to,” says co-founder and CEO Rory Crawford. “It streamlines what today is a pen-and-paper process.” By doing ordering and inventory management digitally, Crawford says, managers can get a better handle on what they’re spending, and the distributors may be able to take orders and make sales more efficiently. READ MORE
ACT.md Raises $8.4M in Series A Funding
ACT.md, the provider of a team-based care coordination platform for the management of complex patients, announced today a $8.4 Million Series A funding agreement led by Rose Park Advisors, a specialized investment firm that utilizes Clayton Christensen's research to make intelligent and successful investment decisions. ACT.md will leverage this investment to accelerate product development and help manage the company's rapid growth.
National leaders in healthcare informatics and operations - Dr. Isaac Kohane, Dr. Kenneth Mandl, and Ted Quinn - founded ACT.md. "We were inspired to launch ACT.md after observing for decades the constant dropped handoffs across the various providers caring for patients. So we created ACT.md as an operating system for team-based care that drives action toward improved outcomes and reduced costs," said Dr. Kenneth Mandl, Professor at Harvard Medical School and Director of the Boston Children's Hospital Computational Health Informatics Program...READ MORE
Voxel8 Raises $12M in Series A Funding
Voxel8, creator of the world’s first multi-material 3D electronics printer, today announced it has closed a $12 million Series A round of financing. Braemar Energy Ventures and ARCH Venture Partners led the round and were joined by Autodesk through its Spark Investment Fund and In-Q-Tel. Voxel8 will use the capital to expand its world-class team and advance its core technology for the mass customization of electronics and other finished products.
Co-founded by Harvard professor Dr. Jennifer Lewis, Voxel8 leverages more than a decade of patented research on printing functional materials. The company is commercializing a disruptive 3D printing platform capable of printing embedded electronics and other novel devices. As a result, Voxel8 makes it possible to rapidly print functional electronics on a broad scale...READ MORE
AdAgility Raises $1.6M in Seed Funding
AdAgility, a leading provider of personalized, on-site and mobile, cross-selling solutions, announced that it has raised $1.6M to further accelerate its already impressive growth. Tim & Todd McSweeney led the investment with participation from existing investor Boston Seed Capital.
AdAgility has been working closely with Boston Seed Capital who brings years of specialized experience in backing profitable consumer and B2B marketplace companies. Peter Blacklow, a Senior Partner at Boston Seed Capital, will continue to advise the company...READ MORE
VoltDB Raises $9.8M in Funding
VoltDB today announced that it has raised a $9.8 million round of funding to extend its SQL in-memory database to power the next wave of real-time, fast data-driven applications. The round was led by strategic investors with participation from existing investors Kepha Partners and Sigma Prime Ventures.
Innovations in today’s enterprises are occurring at the intersection of fast data and Big Data through in-memory computing, streaming analytics and operational database technology. The rapid growth of mobility and the Internet of Things (IoT) drives the need for real-time data analysis and solutions that capture and process fast data to produce faster insight and action...READ MORE
Beacon Raises $7.5M in Funding
Beacon, the premier all-you-can-fly membership for frequent fliers in the Northeast, today announced that it has completed $7.5 million in Series A and other financing led by Romulus Capital with participation from MiVentures, Western Technologies Investment, and several other early stage investors.
Beacon is bringing an innovative, convenient and sleek travel experience to the Northeast, with plans to launch in late summer 2015. For as little as $2,000 a month, Beacon offers unlimited access to regularly scheduled flights, with reservations, changes and cancellations made as little as 20 minutes before departure at no additional cost, via the Beacon app. Beacon’s service will provide efficient travel between New York and Boston, as well as the seasonal destinations of Nantucket and the Hamptons... READ MORE
Ginkgo Bioworks Raises $45M in Funding
Ginkgo Bioworks, an organism design company, today announced that it has raised $45 million in an oversubscribed Series B round. Viking Global, a firm managing more than $30 billion in capital, led the round along with previous investors including OS Fund, Y Combinator and Felicis Ventures. The new funds will be used to expand into new categories such as pharmaceuticals, cosmetics and probiotics, as well as hire additional employees and build out Bioworks 2, the next generation of Ginkgo’s robotic Foundry.
“Ginkgo Bioworks was our first ever biotech investment and was part of the Y Combinator class of 2014,” said Sam Altman, President at Y Combinator. “Synthetic biology is one of the fastest growing areas of tech right now and Ginkgo is leading the category. We're excited to invest again in the company." READ MORE
Cazena Raises $20M in Series B Funding
Cazena today announced its emergence from stealth mode by launching an enterprise Big Data-as-a-Service that can securely move and optimize big data processing in the cloud in just three clicks. Cazena also announced it has raised $20 million in Series B funding led by Formation 8, with participation from current investors Andreessen Horowitz and North Bridge Venture Partners.
“Cloud is the next frontier for big data processing, yet complexity and security concerns hold most large enterprises back,” said Prat Moghe, founder and CEO of Cazena. “Cazena’s Big Data-as-a-Service is the first managed cloud service for big data processing that securely and seamlessly extends the enterprise datacenter with trusted cloud infrastructure and multiple, best-of-breed big data technologies. This assures the best price and performance for any big data workload, so enterprises can focus their efforts on delivering value, not managing technology... READ MORE
DataCamp Raises $1M Seed Round
Per TechCrunch, Cambridge-based DataCamp has raised a $1 million seed round.
DataCamp wants to teach data science skills to a generation of people, and it got a million in seed money to continue developing its online data-science learning platform.
The round was led by Chris Lynch at Accomplice, an early stage venture capital firm in Cambridge, Massachusetts. The company had raised $300,000 in seed money previously.
DataCamp is not unlike coding bootcamps such as General Assembly and Codeacademy, but instead of focusing on general coding skills, it concentrates on data science skills. READ MORE from TechCrunch
CallMiner Raises $12M
NewSpring Capital, a family of private equity funds, announced today that NewSpring Growth Capital (“NewSpring”), the firm’s dedicated technology and business services growth equity fund, led a preferred financing in CallMiner, Inc. (“CallMiner”) with a $12 million investment as part of a larger round which included existing investors. The proceeds from the transaction are being used to fund growth initiatives including sales and marketing.
Based in Waltham, MA and founded in 2002, CallMiner provides speech and interaction analytic solutions to clients across a variety of industries including financial services, utilities and energy, manufacturing, government, communications, fulfillment and performance, marketing and travel and hospitality. CallMiner specializes in improving contact center performance and gathering key business intelligence by automatically analyzing contacts across all communication channels.
“We believe CallMiner is the industry leader in speech analytics for contact centers with a ‘best in breed’ differentiated technology to provide customers with agent insights, analytics and compliance–all with speed, scalability and ease of use,” said Glenn Rieger, NewSpring General Partner and newly added Member of the CallMiner Board of Directors. “The Company is experiencing market tailwinds with traction building in sales productivity. When combined with the experienced management team, we have the right combination to execute on this investment opportunity.”
“NewSpring Capital is an ideal partner for CallMiner at this stage of our evolution,” said Terry Leahy, CallMiner President and CEO. “They have been very active in our space, have consistently followed the market as the adoption cycle has accelerated, and demonstrated keen insight into the dynamics of big customer data and interaction analytics. We are delighted to gain their support as CallMiner enters a new phase of strategic expansion and growth.”
CallMiner helps businesses and organizations improve contact center performance and gather key business intelligence by automating their ability to listen to every customer interaction. CallMiner’s market leading cloud-based voice of the customer analytics solution automatically analyzes contacts across all communication channels: calls, chat, email, and social. CallMiner offers both real-time monitoring and post-call analytics, delivering actionable insights to contact center staff, business analysts, and executives. The results include improved agent performance, sales, operational efficiency, customer experience, and regulatory compliance. With over 10 years of industry leadership and over 2 billion hours of conversations analyzed, CallMiner serves some of the world’s largest call centers, delivering highly effective, usable and scalable speech analytics solutions.
Scratch Announces $3.6M in Funding
Today, Scratch launched its invite-only service and announced $3.6 million in funding from Bessemer Venture Partners, NextView Ventures, Red Swan Ventures and Matt Salzberg, Founder and CEO of Blue Apron.
“We invested in Scratch because the endless selection presented by eCommerce today is a huge problem. Consumers only know exactly what they want a tiny fraction of the time, and the tools available to help filter and discover products are limited. We loved the completely different approach that scratch is taking by combining human curation and algorithmic personalization to provide a simple but incredibly powerful way to shop. Matt has faced this problem first hand within CustomMade, and has built a world-class early stage team with veterans from Tripadvisor, Wayfair, and Gemvara to tackle this massive opportunity.” - Rob Go, NextView Ventures... READ MORE
Tablelist Announces $2.5 Million in Funding
Per Dennis Keohane at Pando, Tablelist, who allows users to reserve VIP club experiences -- private tables, bottle service, and even access to prominent DJs, has announced $2.5 million in funding from a range of investors with experience in the hospitality and entertainment industry, and also from Wayne Chang, Twitter’s head of product marketing for its mobile platform. READ MORE
Adored Raises $2.3M
Adored Raises $2.3mm from Kepha Partners, Boston Seed Capital, Matrix Partners, Borealis Ventures, Blade, and Prominent Metro Boston Angels to Build iBeacon Loyalty Experience Platform
Manchester, NH (July 8, 2015) – Nearly two-thirds of retailers say their loyalty rewards program is the best way to connect with consumers, according to Forrester, yet more than half of all loyalty programs are not actively used. The reason: Loyalty points alone don’t influence consumer behavior. The only way to do that is to usher in the era of the loyalty experience.
Adored is leading the charge. The Manchester, New Hampshire-based mobile app startup utilizes iBeacon technology allowing brands to offer a tailored experience for each individual customer in a way that is easy for both the consumer and the merchant. Today the company announced it received a $2.3 million round of funding from some of Boston's most prominent investors, including Kepha Partners, Boston Seed Capital and Matrix Partners, to further accelerate its rapid adoption by both consumers and merchants in the northeast.
“Brand loyalty can’t be taken for granted,” said Cory von Wallenstein, CEO and co-founder of Adored. “It needs to be earned by offering each customer the best experience possible every time they interact with your brand.”
That ideal experience is going to be different for everybody. For example, a ski resort would make a different offer to an advanced skier than they would a beginner, while a restaurant would highlight different daily specials to a regular than they would to a suburban customer who only visits on Friday nights. This type of real-time, real-world experiential marketing has never before been possible.
With Adored, however, merchants, consumers and brands can create entirely new and mutually beneficial relationships. The app collects robust analytics and does all the segmentation and consumer behavior profiling in the background. As a result, brands are able to offer the content their consumers actually want. Customers get the VIP treatment they deserve thereby creating more engaged customers.
A more engaged customer is the goal of any business because it increases the:
- Lifetime value of the customer
- Spend per visit
- Likelihood that the customer will become a repeat customer, which is huge because returning customers spend on average 67% more than first-time customers, according to Bain.
- Engagement, thereby creating more brand advocates - an area ripe for opportunity given that 78% of consumers are not yet loyal to a particular brand, according to Nielsen.
“These days, making great beer just gets you a seat at the table,” said Peter Egelston, founder of Smuttynose Brewing Company. “To compete, we need to create great experiences for consumers and at every level of the distribution chain. That is why we use Adored to help build stronger relationships and more remarkable experiences.” Adored allows locations, like restaurants, bars, ski resorts, hotels, etc., to increase the lifetime value of their customers. All a customer needs to do is enter one of these establishments and Adored is activated offering rewards, exclusive real-time content and cross promotions.
For brands, Adored gives them the opportunity to cut across the noise of social media and have a direct conversation with customers interested in their products and services, which is unlike any tool currently available.
One of Adored’s key differentiators is that unlike other iBeacon companies, while providing tremendous value for the vendors, Adored respects the consumer.
“iBeacons are a marketer’s dream but a consumer’s nightmare,” said von Wallenstein. “Consumers must be treated as first class citizens in both value and respect for their privacy. Since the app is entirely anonymous, with no consumer account creation required, consumer privacy is 100% preserved.”
But that anonymous data - from robust analytics to track foot traffic to peaks and valley's in activity and visits per week - is gold for vendors. Merchants get those analytics sent directly to their phone so they can be easily digested and used to make decisions that drive revenue and decrease costs.
Adored, which has seven full-time employees, knows that just deploying beacons is only one side. The right strategy is the right combination of value to consumers, locations and brands scaled in proportion from a starting point of high density (locale by locale).
They have validated this approach in the Northeast where they have launched in four metropolitan areas and been downloaded by more than 10,000 consumers. Vendors who use the app in more than 60 locations are already seeing extraordinary results, like Cafe la Reine in Manchester, which has seen a 20% increase in visits per week.
“Our customers really love Adored,” said Alex Puglisi, owner of Cafe la Reine. “...Overall my relationship with my customers has gotten better from using Adored because we can engage in new and exciting ways and they can be more attune with what is happening at the cafe and the different offers they can get.”
This new funding round, which will be used to expand the Adored product and go to market teams, includes investment from Kepha Partners, Boston Seed Capital, Matrix Partners and Borealis Ventures as well as prominent metro Boston angel investors:
- Paul English and Bill O’Donnell from Blade, leading the charge on building great consumer-facing companies in Boston
- Jeremy Hitchcock, Kyle York, Matt Larson, Josh Delisle, and Gray Chynoweth, all past or present executives at Dyn in Manchester, NH, where Adored CEO Cory von Wallenstein was formerly CTO
- Wayne Chang, Ron Martin, Laura Fitton, Joe Caruso, Michael Skok, John Pearce, all prominent figures in the metro Boston ecosystem
"There are dozens if not hundreds of companies trying to do something similar - because it is such a great idea - but the reason we're backing Adored is that Cory is assembling the team that is actually going to make this work,” said Paul English, CEO of Blade, and co-founder of Kayak.com. “We're very excited about what they have done in Manchester and we know this is going to work in other places."
For more information on Adored or to download the app visit www.adored.com.
ZeroTurnaround Secures $5M in Series B Financing
New Capital Fuels Global Hiring and Accelerates Development of Award-Winning Productivity Tools, JRebel and XRebel
BOSTON – July 7, 2015 – ZeroTurnaround, the maker of revolutionary developer tools for creating quality software nearly 20 percent faster, today announced that it has raised $5 million in Series B financing led by Bain Capital Ventures with participation from Western Technology Investment, both existing investors. This brings the total amount of funding since the company’s founding in 2007 to $15 million.
The company will use the capital to hire exceptional software development talent worldwide and continue to innovate its JRebel and XRebel products, used by more than 65,000 active customers in 80 countries. ZeroTurnaround will also expand its platform support with this new capital.
ZeroTurnaround’s award-winning developer productivity tools transformed how software is created, enabling development teams to build, inspect and error-proof software with considerably less downtime. JRebel, the company’s flagship product, enables developers to make changes to class structures and resource and framework configuration files without the need to restart or redeploy the application. The ability to immediately see code changes speeds the development process by an average of 17 percent, saving developers five full work weeks a year. With the addition of the lightweight Java profiler XRebel to the ZeroTurnaround product suite, developers can improve the quality of the code they write by finding and fixing issues along the way. Today, more than 4,000 enterprise teams and 36 of the Fortune 100 companies use products from ZeroTurnaround to bring quality software to market faster.
“Java is the programming language of choice for 9 million developers, and it drives many of the world’s business systems, as well as more than 7 billion devices,” said Ben Holzman, Managing Director and Co-Head of the software practice of Bain Capital Ventures. “ZeroTurnaround has built a tremendously successful business by solving some of the biggest challenges in the daily lives of developers. As the usage of Java continues to expand, ZeroTurnaround will continue to innovate and usher in the next 20 years of enterprise adoption.”
ZeroTurnaround’s commitment to the betterment of software development led to the recently announced integration with leading cloud infrastructure providers IBM, Red Hat, SAP and AWS to simplify development and testing in the cloud. In coming months, the ZeroTurnaround will bring the same productivity improvements and rapid feedback cycle to new platforms, including Android, making the testing of mobile applications a pleasure instead of a pain.
“We are passionate about taking away the frustrations and time draining activities that impede developer productivity and performance each and every day,” said Jevgeni Kabanov, Founder and CEO of ZeroTurnaround. “We want to be the undisputed market leader for end-to-end productivity, quality, performance enablement and management in the software development process. Our proven track record and support from investors like Bain Capital Ventures will ensure we reach our goals. ”
ZeroTurnaround makes revolutionary developer tools for creating quality software faster. With its award-winning JRebel and XRebel products, ZeroTurnaround is transforming how software is created, enabling development teams to build, inspect and error-proof quality software with considerably less downtime. Founded in 2007, today ZeroTurnaround’s technologies are used by more than 5,200 enterprise teams, including 36 of the Fortune 100, representing more than 65,000 active users in more than 80 countries. For more information, visit zeroturnaround.com or follow @zeroturnaround on Twitter.
About Bain Capital Ventures
Bain Capital Ventures (BCV) provides seed through growth capital for companies focused on technology and technology-enabled services primarily for enterprise customers. BCV invests across sectors including infrastructure software, application software, FinTech and healthcare. Select BCV investments include ABILITY Network, BloomReach, Docusign, Gainsight, Infusionsoft, Kiva Systems, Liazon, LinkedIn, Optimizely, Rapid7, SolarWinds, SurveyMonkey. TellApart and VMTurbo. As the venture capital affiliate of Bain Capital, a leading global alternative assets firm, BCV has partnered with more than 200 companies since 1984 to start, build, commercialize and grow their businesses. BCV has approximately $3 billion of assets under management and has offices in the Bay Area, New York City and Boston. Follow BCV at @BainCapVC
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Salsify Secures $16.6M in Series B Funding
Venrock, Matrix Partners and North Bridge invest in Omni-channel technology that transforms relationships between retailers and brand manufacturers
Boston, MA (July 6, 2015) —Salsify, the leading SaaS platform that powers the seamless creation and exchange of unique, rich product content between brand manufacturers and their retail partners for over four million products, today announced $16.6M in Series B funding, bringing Salsify’s total funding to date to $24.6M. The round is led by Venrock, and also includes existing investors, Matrix Partners and North Bridge, as well as Michael Skok. The funding will be used to further product development, invest in corporate growth and drive continued value with its customer base.
With Omni-channel commerce evolving to meet the needs of today’s discerning consumers, it is becoming more crucial than ever for retailers to offer the rich product content consumers demand when shopping online. Using Salsify’s SaaS platform, this detailed product information is easily created and delivered on an accelerated timeline, transforming it into a driver for increased product discoverability, revenues and ultimately, customer loyalty that will translate across all buying channels.
“With a roster of brands such as Newell Rubbermaid, 9 West Holdings and Bosch, as well as retail and technology partners like Walmart and Google, companies in the Salsify network can collaborate much more effectively to remain competitive in today’s e-commerce marketplace, simply by using rich product content to their advantage,” said Jason Purcell, co-founder and CEO of Salsify. “We are thrilled that Venrock, Matrix and North Bridge also see our vision for a digital supply chain, and are enabling us to continue transforming the way retailers and suppliers communicate and collaborate.”
“Having worked with the Salsify team at Endeca, I know they have the capacity to do amazing things and I look forward to working alongside the team to build another great company,” said Mike Tyrrell, partner at Venrock. “Salsify is changing the way retailers and suppliers share key information, dramatically improving data quality and transforming the consumer’s online shopping experience. They are going to have a meaningful impact on the marketplace.”
Based in Boston, Salsify is the leading SaaS platform that powers the seamless creation and exchange of rich product content from brands to retailers. Today, Salsify transforms product content management from an administrative burden into a driver of new revenue and amplified brand value for over four million products from top brand manufacturers. For more information, please visit: http://www.salsify.com and follow us on Twitter @salsify.
Originally established as the venture capital arm of the Rockefeller family in 1969, Venrock continues a tradition of partnering with entrepreneurs to establish successful, enduring companies. With a primary focus on technology and healthcare, portfolio companies have included Adify, Apple Computer, Athenahealth, Centocor, Check Point Software, DoubleClick, Endeca, Gilead Sciences, Idec Pharma, Imperva, Illumina, Intel, Millennium Pharma, SlideShare and Tudou. For more information, please visit Venrock’s website at http://www.venrock.com and follow the firm on Twitter at @venrock. About Matrix Partners Matrix Partners backs bold entrepreneurs who have the vision and unstoppable drive to make a difference in the world. We combine our knowledge with a personal approach to help start-ups do more, be better, and achieve greater success. From our beginnings with Apple, Sycamore Networks and Veritas, to recent investments in Oculus VR, Zendesk, Hubspot, JustFab, Namely, Meteor and more, we've earned the trust of each founder we've supported. Find us in Palo Alto, Cambridge, Shanghai, Beijing, and Mumbai, at matrixpartners.com or @MatrixPartners.
About North Bridge
North Bridge actively partners with founders and entrepreneurs of market-leading companies, who are using technology to disrupt and reinvent big markets. With $3.8 billion of capital under management, the firm has funded more than 170 companies creating tens of billions in market value. Recent investments include Acquia, Actifio, Dyn, Demandware, Onshape, Proto Labs, Quora and Starent Networks. The firm has offices in Waltham, MA and Palo Alto, CA.
To learn more about North Bridge go to www.northbridge.com and follow the firm @North_Bridge.
About Michael Skok
Michael is a serial entrepreneur and investor with more than three decades of experience. As a VC, he initiated ventures with innovators, as well as seeded and invested in many great entrepreneurs who went on to build billions of dollars of value focusing on large market opportunities such as eCommerce, and Big Data. Michael focuses on game changing technologies such as Machine Learning and disruptive business models such as Open Source and platform shifts such as Cloud computing and Mobile. He is also an active mentor and teacher. He created and facilitates the Startup Secrets course at Harvard iLab. The course teaches practical tools, frameworks and real practical examples that empower entrepreneurs. Some of Michael’s work in this regard can be found online at www.startupsecrets.com. Follow him on Twitter @mjskok.
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* Learn more about Salsify on their BIZZpage!
Zagster Raises $3.5 Million
Exponential Growth & Strong Demand Drives Funding From Investors Including LaunchCapital, Fontinalis Partners, Clean Energy Venture Group, LaunchPad Venture Group and Other Boston-Area Angel Investors
CAMBRIDGE, MA--(Marketwired - Jul 2, 2015) - Zagster, the leading provider of private and public-private bike sharing systems, today announced it has raised $3.5 million in a Series A round of funding to support its rapidly expanding national footprint of bike sharing programs. The company received funding from existing investors, including LaunchCapital; Fontinalis Partners (a strategic investment firm co-founded by Bill Ford); Clean Energy Venture Group; LaunchPad Venture Group; and several leading Boston-area angel investors, as well as a new investor, Otter Consulting.
"With more than 75 programs in 50 cities in 28 states, Zagster is the fastest growing bike sharing company in the country," said Timothy Ericson, co-founder and CEO of Zagster. "There's incredible demand for bike sharing in places that simply can't be served by the large, city-wide programs, and we're the only company capable of meeting that demand with our low-cost, scalable, turnkey model."
In the past year alone, Zagster has increased the number of bikes in its program by more than 300 percent, and projects to increase it by another 300 percent in 2015. In addition, the total number of members is up nearly 250 percent. In expanding from eight states to 28 states, it has doubled the number of employees and recently doubled its office space.
The company counts among its customers leading employers (including General Motors, Samsung, Workday, Quicken Loans and others); several of the top 10 national real estate developers (including Kayne Anderson, Related Management and Irvine Company); several top universities (including The Ohio State University, Duke University, Yale University and Princeton University); and leading hotel brands like Hyatt and The Four Seasons.
Increasingly, Zagster's model of public-private sponsorship is enabling expansion into cities, like Cleveland and Canton (Ohio), Albuquerque (New Mexico), Carmel (Indiana) and Montgomery County (Pennsylvania), that would otherwise not have bike sharing programs.
"Zagster has shown that it can apply the elements of a high growth, tech-enabled business into what has been a capital intensive industry," said Bill McCullen, Chief Investment Officer of LaunchCapital. "As a result, they are growing faster and serving more customers and partners -- the type of trajectory that we like to see in our investments."
Unlike large, city-wide programs that are costly, lock sponsors into long-term contracts and require expensive and complex infrastructure that is hard to upgrade, Zagster's agile, flexible and easy-to-upgrade technology make it possible to be deployed nearly anywhere.
"We see a lot of opportunities in the next-generation mobility space, including bike sharing, and we were attracted to Zagster's long-term, financially viable business model that helps open up bike sharing to previously underserved segments of the market," said Chris Cheever, Founder & Partner at Fontinalis Partners. "Zagster has been able to do what no one else in the bike sharing space has done -- be able to show a return on investment and a pathway to long-term sustainability of bike share programs. It's a major step forward for the industry."
Zagster members use their mobile phone to receive a code to unlock the bike at the time of the trip. The same lock that locks the bike to the host location can be used to lock the bike during the trip, something that most city-wide programs do not allow because their bikes must be locked at official docking stations. At the end of the trip, the member returns the bike to a Zagster location, locks it and ends the reservation via the Zagster mobile app or via a simple text message to Zagster.
Founded in Philadelphia in 2007 as CityRyde and now headquartered in Cambridge, Mass., Zagster is the leading provider of private and public-private bike sharing systems. Zagster is uniquely focused on contracting with property managers, hotels, businesses, universities and smaller cities across North America to make bike sharing programs available to tenants, employees, guests, students and residents. This highly efficient and unique model allows Zagster to offer services in areas that traditional city-wide bike sharing systems can't reach. More information about Zagster is available at www.Zagster.com.
LaunchCapital was founded in January 2008 with a mission to help entrepreneurs gain quick access to seed capital and mentorship. With investments in over 100 companies, LaunchCapital has a core focus in technology, consumer and medical businesses. The nine-person team has syndicated investments with over 50 venture firms and 1000 angel investors. They currently have offices in Cambridge, MA, New Haven, New York City and Palo Alto. More information about LaunchCapital is available at www.launch-capital.com.
About Otter Consulting
Otter represents the interest of a single-family office in South Florida. Otter's Investment Manager, Mike Wohl, has led Otter's private investment effort since mid-2013, participating in 18 venture deals that span seven major US cities. Working on behalf of a single limited partner, Otter possesses the flexibility to be sector and stage agnostic.
About Fontinalis Partners
Fontinalis Partners, with offices in Detroit and Boston, is a venture capital firm strategically focused on next-generation mobility. The firm was founded by Bill Ford, Ralph Booth, Chris Cheever, Chris Thomas, and Mark Schulz. Fontinalis' mission is to leverage the firm's considerable management experience, market access, strategic relationships, international expertise, and background in transportation innovation to scale companies providing next-generation mobility solutions. Fontinalis invests across all facets of the world's transportation infrastructure on a stage-, structure- and size-agnostic basis. Fontinalis is not affiliated with Ford Motor Company. More information about Fontinalis is available at www.fontinalis.com.
About Clean Energy Venture Group
Clean Energy Venture Group is an investment group that provides seed capital and management expertise to early stage clean energy companies. Its mission is to invest in and support early stage clean energy companies that have the potential to mitigate climate change and achieve attractive financial returns. The group is comprised of seasoned operating executives with strong capabilities in the energy and environmental sectors. With each investment, it brings not only capital, but also the value of its team's experience and network to help companies achieve their goals. More information is available at www.cevg.com.
VENTUREAPP Raises $2M
Per BostInno, VENTUREAPP, an invite-only concierge service that provides on-demand solutions for a startup’s most pressing challenges, has raised $2 million from Accomplice and Boston Seed.
VENTUREAPP was founded by Chase Garbarino, Kevin McCarthy and Gregory Gomer of Streetwise Media and Boris Revsin and Jared Stenquist of DailyBreak. READ MORE
Pneuron Corp. Announces $5 Million Series B-1 Funding
Safeguard Scientifics, Osage Partners and Scott Group LLC Invest into Distributed Analytics Company’s Accelerating Growth
WOBURN, Mass.—July 1, 2015--Pneuron Corporation, the pioneer of the distributed solutions category, today announced a $5 million Series B-1 funding round, led by Safeguard Scientifics and joined by Osage Partners and Scott Group LLC. With this additional investment, Pneuron raised $13.25 million in funding and has seen revenue grow at a CAGR of 173 percent (or comparative revenue growth of 639 percent) since the last funding round in March 2013.
“This new financing round will allow us to focus on hiring key scale-up resources in sales, sales engineering, and implementation to deliver on the significant growth over the last two years across the Distributed Analytics space and the new category of Analytics on the Edge,” said Simon Moss, CEO of Pneuron. “What we built helps companies realize the time-to-value and agility advantages of a distributed data and analytics approach. With Pneuron, businesses no longer need to invest large and burdensome time and costs to solve business problems that have been so poorly serviced by traditional data and systems integration models."
Pneuron’s strategy is to step investment, based on success and growth achievement, ensuring minimal dilution for staff, effective and measurable ROI for investors. Combining strong cash management with effective and disciplined organizational growth enables focused use of funds to help scale operations and support accelerating market success. This approach continues to advance the messaging of its innovative platform and paradigm into the market, and reinforces a corporate culture focused on EBITDA, revenue growth and cash effectiveness.
A growing number of customers see Pneuron’s Distributed Platform as a new and unique way to quickly and dramatically change their solution strategy for problems that are traditionally too expensive, manual or risky to solve. This new round of funding will support Pneuron’s ability to deliver on the promise of solving traditional problems composed of disparate and distributed data, systems, business processes and analytics across an organization with dramatic improvements in time to value and cost.
“We are well-positioned to deliver a strong second half of the year, with aggressive projected growth for 2016,” said Elizabeth Elkins, COO of Pneuron. “Our current client base has found significant success in Pneuron’s approach to solving distributed data, process and system challenges in the enterprise and we are planning for the additional resources needed to service our increasing customer base.”
Analytics on the Edge
Analytics on the Edge represents a fundamental shift in the way firms solve business problems where the requisite solution components are highly disparate and distributed. Pneuron offers the ability to manage distributed processing wherever companies need it and dramatically simplifies the effort required to build such solutions. With the Internet of Things, problem solving is going further out to the edge, and Pneuron offers next generation technology that can distribute and manage solution components that work with the diverse elements in this expanding environment in the most efficient manner - from applications to machines, devices and sensors.
This funding round comes on the heels of another 200 percent revenue and bookings growth year in 2014, Pneuron being named a 2015 Gartner “Cool Vendor”, a global alliance with HP and a new patent for Pneuron’s “distributed analytics method for creating, modifying and deploying software pneurons to acquire, review, and analyze targeted data.”
Pneuron enables organizations to rapidly solve business problems through a groundbreaking, distributed approach that cuts across data, applications and processes. By targeting the right information at the data source, companies are no longer faced with the complex integration and infrastructure requirements of traditional approaches. Pneuron’s innovative Distributed Solutions Platform enables the acceleration of business value and develops reports, products and applications in half the time and cost of traditional methods. Pneuron’s distributed approach is non-invasive, technology-agnostic and leverages an organization’s existing infrastructure, avoiding the deployment risks and IT concerns that are prevalent in today’s centralized data projects. For more information, visit us online at: Pneuron.com, on Twitter or LinkedIn.
Drafted Announces $2.5M Seed Funding
Drafted Announces $2.5M Seed Funding from Accel, General Catalyst, and Lightspeed
Drafted, a mobile app focused on hiring through referrals, has raised a total of $2.5M to date in seed financing from VC firms Accel, General Catalyst, Lightspeed Venture Partners, and others. The funding will be used to accelerate Drafted’s growth and continue building the team.
Drafted launched in beta exclusively in the Boston tech community in May 2015, with plans to expand to other cities and verticals later this year. In less than two months, more than 50 Boston employers joined the platform, including companies like Hubspot, M.Gemi, and Drizly. Almost $500,000 in rewards are up for grabs, with some individual rewards as high as $15,000.
“Referrals work because of the people that make them. We are making it super easy and rewarding for people to do what they already do - helping their friends. And unlike many other aspects of the process, Drafted is actually fun to use,” said founder and CEO, Vinayak Ranade.
The mobile-first platform enables hiring managers to enter the vital details of the job they are trying to fill in a matter of minutes. They can then set a reward for filling the position and share it with their colleagues through social networks, text and email. Those who receive a job notification on Drafted can either apply themselves, or simply forward the job along to a friend. A job can be forwarded many times, creating chains of referrers that connect the hiring manager to prospective hires. When someone is hired, everyone in the successful chain of referrers splits the reward, including the new hire.
“It’s probably the easiest fun way in the world to make a few grand. It takes two minutes. Plus you are helping somebody get a job.” said Paul English, KAYAK co-founder and Drafted investor.
Drafted makes referral-based hiring fast, fun, and rewarding. The free Drafted mobile app is available in both the iOS and Android app stores. Designed and built in Boston by alumni of KAYAK and MIT, Drafted is the easiest way to help your friends find jobs while being appreciated by the companies that hire them.
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ezCater Raises $11.7M in Funding
As reported by the Boston Business Journal, ezCater in Boston has raised $11.7M in funding. The round of funding was led by NY based Insight Venture Partners and it also included participation from Breton Capital Management, Launchpad Venture Group, and other current investors. ezCater is an online marketplace for catering services aimed at businesses... Read More
Tesora Announces $4.5 Million New Funding
Funds will further scale Tesora sales, marketing and product development efforts
CAMBRIDGE, Mass., June 24, 2015 – Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has closed $4.5 million in venture financing. This is the first new investment in the firm since its successful re-launch as Tesora to become the market leader in database as a service and OpenStack Trove, which was done in February 2014.
The round includes new investors, Rho Canada Ventures, along with existing investors General Catalyst Partners, CommonAngels Ventures, Point Judith Capital and angel investors. This brings Tesora’s total financing to $13.2 million.
The OpenStack Trove database as a service project is transforming the way databases are provisioned and managed, to make database capacity that can be consumed on-demand like electricity. Tesora is the leading contributor to the Trove project, alongside other contributing companies like HP, Rackspace, eBay, and Red Hat.
“In early 2014, we made a significant business model change. This new investment further validates our belief in the potential of database as a service and the OpenStack Trove project,” said Ken Rugg, founder and CEO of Tesora. “Many enterprises are adopting OpenStack for private cloud infrastructure and we expect Trove and database as a service to be an important part of this.”
OpenStack Trove provides a scalable framework for operating a variety of different database management systems (DBMS) – relational and non-relational – through a single, common management infrastructure. This makes it much easier and faster to select and operate databases – while retaining all its capabilities – in a secure private or public cloud.
“We are excited about the continued growth in the OpenStack market,” said Sean Brownlee, partner, Rho Canada Ventures and newest member of Tesora’s board of directors. “As organizations continue to move workloads to OpenStack, we believe that Tesora will be uniquely positioned to deliver on the promise of open, enterprise database as a service in the cloud.”
About OpenStack Trove
Trove is the database as a service component of OpenStack that lets administrators and DevOps manage multiple instances of different database management systems (DBMS) using a common infrastructure. The result is that routine tasks like provisioning, and managing regular administrative tasks like clustering, replication, backup and restore are handled in a simple, unified way.
Tesora brings more than 200 years of cumulative database technology experience to the OpenStack community, helping organizations get the most from their OpenStack investment by making it easy to deliver database capacity on demand. The company is the leading contributor to the OpenStack Trove project and developer of Tesora DBaaS Platform Enterprise Edition, the first commercially-available product based on Trove. To learn more about Tesora visit www.tesora.com.
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* See release on Tesora.com here
BitSight Closes a $23 Million Round of Series B Financing
BitSight Technologies, the standard in Security Ratings, today announced that it has closed a $23 million round of Series B financing. Comcast Ventures joins as a new investor together with current investors Globespan Capital Partners, Menlo Ventures, Commonwealth Capital Ventures, Shaun McConnon and Flybridge Capital Partners, all participating in the round of funding. Managing Director David Zilberman led the investment for Comcast Ventures. New funding will be used to extend sales and marketing into Europe and APAC, expand engineering and data science teams to accelerate the company’s new data analytics products, and fund potential acquisitions of key data source partners. BitSight has raised $49 million to date.
BitSight Security Ratings are used by global enterprises to continuously monitor the risk posed by vendors in their supply chain, report to board members about their own security performance benchmarks within a peer group, and support underwriting decisions for cyber insurance. The BitSight platform uses publicly available data to rate the security performance of an organization on a daily basis. Observed security events and configurations, such as communication with a botnet, malware distribution, and email server configuration, are assessed for severity, frequency and duration and used to generate objective Security Ratings. BitSight Security Ratings range from 250 to 900, with higher ratings equating to higher security performance.
“The transition of information security to a business discussion at the board level highlights the market need for objective, evidence-based measures of performance. BitSight Security Ratings provide data that can be used to understand risk in a variety of different scenarios, from the boardroom to conversations with strategic vendors or in underwriting decisions,” said Shaun McConnon, CEO of BitSight. “We are delighted that our existing investors have re-upped their commitment to our success, and I am particularly pleased that an organization with such Internet service reach as Comcast has chosen us as a key part of their investment portfolio.”
“BitSight has all the right ingredients for success, including a seasoned leadership team, innovative technology and a growing customer base,” said David Zilberman, managing director of Comcast Ventures. “Given the necessity for continuous vendor management, it’s important for us to invest in a company that has the potential to truly change the way all organizations measure risk and rate cyber security performance. BitSight is on an impressive trajectory.”
Since closing Series A financing in June 2013, BitSight hit several key milestones, including:
- Securing 150+ enterprise customers
- Tripling revenue from 2014 in only the first two quarters of 2015
- Bringing four Security Ratings use cases to market
- BitSight Security Ratings for Vendor Risk Management, whose users include two of the top five investment banks in the world
- BitSight Security Ratings for Benchmarking, which is used by 25 Fortune 500 companies
- BitSight Security Ratings for Cyber Insurance, which is used by three of the top five cyber insurance underwriters in the world
- BitSight Security Ratings for Mergers & Acquisitions, which is used by four of the top five private equity companies in the world
- The acquisition of security intelligence company AnubisNetworks
- Selection as a Gartner "Cool Vendor" in Vendor Management for 2015
About BitSight Technologies
BitSight Technologies is transforming how companies manage information security risk with objective, evidence-based security ratings. The company's Security Rating Platform continuously analyzes vast amounts of external data on security behaviors in order to help organizations manage third party risk, benchmark performance, and assess and negotiate cyber insurance premiums. Based in Cambridge, MA, BitSight is backed by the National Science Foundation, Comcast Ventures, Commonwealth Capital Ventures, Flybridge Capital Partners, Globespan Capital Partners, and Menlo Ventures. For more information, please visit www.bitsighttech.com or follow @BitSight on Twitter.
Barkly Closes $12.5 Million Series A
Boston-based startup identifies and stops endpoint attacks in real-time; Creates enterprise class protection for the mid-market
BOSTON - June 24, 2015 – Boston-based endpoint security startup, Barkly, today announced that it has closed a $12.5 million Series A financing round, led by New Enterprise Associates (NEA) and including Sigma Prime Ventures. Barkly has now raised a total of $17 million since the company was co-founded in 2013 by Mike Duffy and Jack Danahy, longtime colleagues, information security industry veterans and serial entrepreneurs. The funding will be used to expedite the company’s recruiting, product development, and go-to-market initiatives in the healthcare and financial services industries.
"We've built Barkly to bring advanced protection to the endpoint systems of the thousands of organizations that find themselves unprotected from modern sophisticated attacks, and who cannot afford to hire teams of experts to manage complex, expensive solutions,” said Duffy, Barkly’s co-founder and CEO.
Redefining the expectations of endpoint security
Barkly enters the information security market at a time when 62 percent of successful cyber attacks breach small and mid-sized companies. These statistics confirm that existing endpoint security solutions for these markets do not provide the protections necessary, nor the simplicity required for universal adoption and use.
By contrast, IT administrators with little or no security background can easily install Barkly on any number of devices using existing systems management tools. Attacks are automatically stopped in real-time without administrator interaction, and messages can be sent to end users to educate them about their mistake. For example, if an employee inadvertently clicks on a malicious link in his/her email, which subsequently attempts to install malware on the user’s machine, Barkly will immediately interrupt the installation, notify the IT administrator and educate the user. Notifications happen in real-time and are delivered on both desktop and mobile devices, so administrators can take action anytime, anywhere.
“The endpoint is the most common attack entry point in any organization,” said Danahy, Barkly’s co-founder and CTO. “Even so, security has not evolved meet the challenge there. Large companies invest in massive data gathering and analytics, while smaller companies suffer with insufficient protection. We purposefully designed Barkly so that any IT administrator, at any company, could implement advanced security and be confident in the safety and productivity of their workforce, with minimal oversight. That’s the beauty of Barkly.”
Breakthrough technology making stronger security simple
Barkly combines a proprietary, high performance, local protection agent with SaaS based reporting and management to provide real time defense against modern malware, including zero-day and polymorphic attacks. Powered by advanced behavioral analytics, the Barkly agent is invisible to both end users and attackers, and is unique in its speed and simplicity.
"We’ve seen countless endpoint security solutions that are focused on the Fortune 1000s but are too complicated for most other companies to consume. We’re excited to back Barkly’s leaders as they deliver a new form of endpoint security that’s simple to deploy and manage,” said Harry Weller General Partner at NEA. “Both end users, and IT administrators want to be protected, but they also want to get back to work. Barkly lets them do both – quickly and simply."
Barkly anticipates general availability in Q1 2016. For more information on Barkly or to request a demo, visit www.barklyprotects.com and follow them on Twitter @barklyprotects.
Barkly is re-inventing endpoint security. Based in Boston, Barkly identifies and stops modern sophisticated attacks on endpoint devices without sacrificing employee performance or productivity. Its speed and simplicity allows IT administrators to install, monitor, and customize reporting with efficiency and ease. Barkly was co-founded in 2013 by Mike Duffy and Jack Danahy, longtime colleagues, information security industry veterans, and serial entrepreneurs and is backed by New Enterprise Associates (NEA) and Sigma Prime Ventures. For more information on Barkly or to sign up for its early access program, visit www.barklyprotects.com and follow @barklyprotects on Twitter.
Fullbridge Secures $15.4 Million
Fullbridge, Inc., a professional development and education company that prepares students and young professionals to succeed in the global economy, has secured $15.4 million through the sale of a series of preferred stock. The round was led by learning innovation investor, GSV Capital, with active participation from several high net worth individuals and family offices from the U.S. and Europe.
The investment is instrumental as the company expands its leadership team, program availability, geographic reach and offerings with colleges, companies and ministries worldwide – all with the goal of preparing students to succeed as young professionals. The funding also allows Fullbridge to expand its technology platform by developing a multi-user offering which streamlines program enrollment and enhance communication between Fullbridge clients, coaches and students. READ MORE
Tamr Receives $25.2 Million in Financing
Global 500 Industry Leaders Join Forces with Tamr to Advance Scalable Data Unification
Tamr, Inc., the company co-founded by database pioneer and 2014 ACM A.M. Turing Award winner Michael Stonebraker, Ph.D., today announced that it has raised $25.2 Million in Series B financing from Hewlett Packard Ventures, Thomson Reuters, MassMutual Ventures, the corporate venture capital arm of Massachusetts Mutual Life Insurance Company (MassMutual), and others. Current Tamr investors NEA and Google Ventures also participated in the round. Tamr will use the funds to significantly grow sales as well as product engineering for Tamr’s scalable data unification platform.
Professor Stonebraker, Tamr’s CTO, will receive the Turing Award, often called the “Nobel Prize of Computing,” tomorrow at the 2015 ACM Awards Banquet in San Francisco. The award recognizes his extensive contributions to modern database systems, including founding Tamr and eight other start-up companies to commercialize database technologies.
The new investment by Hewlett Packard Ventures, Thomson Reuters, MassMutual Ventures and existing investors indicates both the broad adoption of Tamr by many of the largest companies in the world and broad recognition of the data-variety challenge faced by companies in many industries across many applications.
“We have strong and deep relationships with our partners at Hewlett Packard, Thomson Reuters and MassMutual Ventures, and we’re looking forward to extending our partnerships with them,” said Tamr co-founder and CEO Andy Palmer. “By recognizing and embracing the reality of heterogeneous data in large organizations, these companies are enabling themselves and their customers to compete on analytics.”
Said Michael Stonebraker: “Tamr’s technology and approach to scalable data unification will be the next big thing in data and analytics - similar to how column-store databases were the next big thing in 2004.”
“In an increasingly complex world, Thomson Reuters empowers our customers to be more informed, efficient and successful,” said Graham Cousins, Senior Vice President, Platform of Thomson Reuters. “World-class technology, integrated data, and powerful analytics are key to these efforts, and we look forward to working closely with Tamr to develop even more innovative solutions for the industries we serve.”
Tamr’s scalable data-unification platform dramatically reduces the time and effort required to connect and integrate diverse, siloed data for business analytics. Tamr combines machine learning algorithms with collective human insight to identify sources, understand relationships and curate the massive variety of silo-ed data, giving customers dynamic 360-degree views of their businesses. Customers are using Tamr for procurement optimization, customer data integration, clinical trials management and many other use cases.
“HP already has a deep partnership with the Tamr leadership team, and we’re thrilled to strengthen it with this investment,” said Lak Ananth, Managing Director, Hewlett Packard Ventures. “Prior to founding Tamr, Andy and Michael co-founded Vertica, which is now a key pillar of HP’s Big Data platform. As a strategic partner, we’ll help Tamr build enterprise-grade products and a global go-to-market strategy.”
“The insurance and financial services industries have long been drivers in effective data integration, and we are excited to forge a working partnership with Tamr through this investment,” said Allan Campbell, MassMutual’s Chief Technology Officer. “The ability to use 100% of available data opens up many opportunities for additional product innovation and enhancements to meet the demands of our policyowners and customers.”
Mark Goodman, managing director of MassMutual Ventures, added, “We are extremely pleased to be able to support this game-changing technology through our investment in Tamr, a company that we believe will continue to have an impact on the way our industry looks at and manages data.”
In its March 25 announcement of the 2014 Turing award, the ACM said that Michael Stonebraker “invented many of the concepts that are used in almost all modern database systems ... Source code from Stonebraker’s systems can be found in many modern database systems. During a career spanning four decades, Stonebraker founded numerous companies successfully commercializing his pioneering database technology work.” The Turing Award is named for Alan M. Turing, the British mathematician who articulated the mathematical foundation and limits of computing.
New investors SineWave Ventures and Work-Bench Ventures also participated in the round.
About Tamr, Inc.
Tamr, Inc., catalogs, connects and publishes the vast reserves of underutilized internal and external data using a combination of machine learning with human guidance so enterprises can use all their data for analytics. Tamr was founded in 2013 by big-data serial entrepreneurs Andy Palmer and Michael Stonebraker, who previously co-founded Vertica Systems (acquired by HP); Ihab Ilyas of the University of Waterloo; George Beskales; Daniel Bruckner; and Alex Pagan. Tamr customers include GE, Novartis, Roche, Thomson Reuters and Toyota Motor Europe.* Learn more about Tamr on their BIZZpage.
Cure Forward Raises $15M
Per BetaBoston, Cure Forward, a patient activation company, has raised $15 million. READ MORE