Funding

Rapid7 Receives $30 Million Investment

Rapid7, a leading provider of security analytics software and services, today announced that it has received $30 million in additional funds from its long-standing investors, Bain Capital and Technology Crossover Ventures (TCV). The stockholders increased their investment in Rapid7 to enable the Company to maximize on the incredible growth opportunity presented by its latest innovative technology and strategic security services, which help customers radically improve security incident detection and speed response, and build better enterprise security programs. Interest in these offerings has been so compelling that Rapid7's leadership and investors capitalized on a timely opportunity to further the development of the solution and market while continuing to drive innovation in the Company's core threat exposure management portfolio. 

"At Rapid7, we design our products and services with a relentless focus on making it easier for enterprise customers and organizations to execute effective security programs. We believe companies can be successful in security without slowing down their business," said Corey Thomas, president and CEO of Rapid7. "This infusion of funds will enable us to capitalize on the tremendous growth and success we have seen this year by accelerating our leadership, market share, and development in intruder analytics and services, while continuing to innovate to better serve our existing customer base." READ MORE

Adelphic Secures $11M Series B Funding

Adelphic, a leading mobile advertising demand-side platform (DSP), announced today that it has secured $11 million Series B funding that will enable the company to capitalize on the explosive growth in the programmatic advertising space. This round of funding was led by Blue Chip Venture Company, along with participation from current investors Matrix Partners and Google Ventures.

The advertising landscape is changing – 80 percent of digital advertising spend will switch to programmatic by 2017. Adelphic is a leading architect of this shift. The company’s patented technology has brought true programmatic buying to mobile at a scale and effectiveness not previously seen in mobile and, in so doing, has become the preferred mobile DSP for many of the world’s leading agencies and trading desks. READ MORE

 

Freight Farms Receives Investment from Spark Capital

We’ve got some big news! We’re thrilled to announce Freight Farms is now partnering with Spark Capital, and it couldn’t be a better match. We believe in utilizing design and technology to challenge the status quo while simultaneously inspiring change… and so does Spark!

Here at Freight Farms, our mission is to create a more sustainable and connected food system by providing the tools that enable fresh food production in any environment.  Our farms are already operating in cities across the United States and Canada, creating year-round access to local, fresh produce for restaurants, universities, corporate campuses, hotels, and small businesses. READ MORE

Mavrck Announces $2.5M Series A Funding

Mavrck, out of Techstars Boston, today announced $2.5M Series A funding from GrandBanks Capital... READ MORE

 

Splitwise Raised $1.4M

I’m happy to announce today that Splitwise has raised $1.4MM in new seed funding from leading tech investors. Raising outside money means we can continue to invest in building the world’s best product for reducing the stress of money in relationships. Hooray! READ MORE 

American Well Raises $80 million Series C Funding Round

Telehealth Leader Files with SEC in oversubscribed $80 million Series C Funding Round

Today, national telehealth leader American Well announced that it has raised additional capital and added new institutional, private equity, and corporate partners to its ownership roster. Among its strategic investors are now some of the largest health plans and academic medical centers in the nation who provide both financial support and strategic guidance to advance the company’s leadership in mobile and web services. American Well immediately connects U.S. board-certified physicians with patients for live, on-demand video visits 24-7, and handles all related administrative, security and record keeping functions.


“Telehealth is about to completely change how people get healthcare,” said Doug Wenners, Senior Vice President for Provider Engagement and Contracting at Anthem. “This is just the beginning of the revolution and we are proud to partner with and invest in American Well, the clear leader in this space.” READ MORE



Dunwello Adds Funding

As reported by BostInno, Dunwello adds funding.  

New investors include Jeff Seibert and Wayne Chang of Twitter, and HubSpot co-founder/CTO Dharmesh Shah and Dave Balter. READ MORE

Neurala Closes Seed Round Investment

Neurala, Inc., which builds software that makes robots smarter so that people can tell a robot what to do instead of how to do it, announced today that it had closed a seed investment round of $750,000. The round was led by the fund run by well-known venture capitalist Tim Draper, Draper Associates Investments, LLC, and by Robolution Capital, the Paris-based venture capital fund dedicated to service robotics.

A pioneer in deep learning technologies that mimic the functions of the human brain, Neurala was named one of the 50 most influential robotics companies in 2014 by Robotics Business Review. The company holds a fundamental patent for the use of deep learning algorithms, often called Artificial Neural Networks (ANN), running on graphic processing units (GPUs), which were originally designed for computer games and 3D graphics. The invention is seen as an important foundation for real-time artificial intelligence  READ MORE

 

Threat Stack™ Secures Additional $5M in Funding

Threat Stack, the provider of security solutions purpose-built for the Cloud, has raised an additional $5M in funding from Atlas Venture and .406 Ventures.  The additional funding will be used to further develop and commercialize Threat Stack’s cloud security monitoring service, which officially launched last month, and expand its footprint with customers using Amazon Web Services.


Threat Stack’s Software-as-a-Service (SaaS) provides continuous security monitoring on application workloads, helping companies detect malicious activity and protect their systems from intrusions and data loss. Optimized for the cloud, Threat Stack uses a lightweight agent on the host to enable fast deployment, auto-scaling and flexibility in elastic environments.  After a highly successful and over- subscribed beta program, Threat Stack launched on-stage in November at Amazon CTO Dr. Werner Vogel’s Start-up Launch keynote during the AWS re:Invent Conference.

“To address privacy and security challenges in the cloud, there exists a shared responsibility between customers and their Cloud Service Providers (CSP).  Threat Stack provides a security solution that complements the CSPs existing set of security controls, and gives the customer a comprehensive security architecture for all of their cloud resources,” said Doug Cahill, CEO of Threat Stack.  “Our investors share our vision and excitement for the way we’re addressing security challenges in the cloud.  This latest round of funding demonstrates the support and confidence they have in the Threat Stack team as we make our move to expand and grab market share.”

 

The problem Threat Stack addresses is the visibility gap that exists in cloud environments. Since customers don’t have access to the physical infrastructure and can’t deploy traditional intrusion detection systems or other network-based security controls, they are left without the visibility they need to protect their customers and data. As a result, cloud-resident workloads and the data they access are vulnerable to malicious threats putting them at risk of intrusions and compromise.

 

“It’s no longer a question of if you are being hacked, but if you know that you are being hacked.  Threat Stack brings an invaluable service to enterprises leveraging cloud-based infrastructure, particularly those running mission-critical applications,” said Chris Lynch, partner at Atlas Venture.

 

“As Cloud services are increasing, so are data breaches in the Cloud.  It’s not enough to rely on your CSP’s security solution.  With Threat Stack, customers can take more control of their applications and data security through the early detection of malicious activity,” Said Maria Cirino, managing director at .406 Ventures.

 

Threat Stack currently offers a 14-day, free trial of its software-as-a-service. Interested parties can signup on the company's website: https://www.threatstack.com/signup.html

 

 

About Threat Stack

Threat Stack provides continuous security monitoring for public, private, and hybrid cloud infrastructures protecting servers, and the data they access, from intrusion and data loss. Built in the cloud, for the cloud, Threat Stack is the first and only intrusion detection and auditing service purpose-built for cloud environments where network-based controls cannot be deployed. Threat Stack is lead by a team with extensive security and cloud computing experience from companies such as Mandiant, Cloudant, Symantec, Bit9, Juniper, and Dyn.  Threat Stack is headquartered in Cambridge, MA.  For more information visit https://www.threatstack.com

READ MORE Coverage in TechCrunch




DataGravity Closes $50 Million Series C Round

DataGravity, creator of the first data-aware storage platform, today announced that it has raised $50 million in a series C investment round led by Silicon Valley venture capital firm Accel Partners. Previous investors Andreessen HorowitzCRV and General Catalyst Partners also provided strong support in the round. The company will use this investment to accelerate product development, expand upon its go-to-market strategy and support customers’ technology and service needs in their pursuit of data insights that propel business forward. The series C round brings total investments in DataGravity to $92 million.

The funding comes at the end of a capstone year in which DataGravity launched the industry’s first data-aware storage platform, the DataGravity Discovery Series. DataGravity was built on the belief that storage should do more than just store data. The Discovery Series, introduced in August and shipped in October 2014, combines primary storage, data protection, data governance, and search and discovery into an integrated appliance that makes businesses more successful by uncovering data insights that were previously inaccessible. DataGravity customers can better understand their data and streamline data management, reduce business risk and increase user productivity. READ MORE


Ektron Receives Additional Growth Equity Investment

Ektron, a global leader in digital experience management software, today announced it closed a second round of equity funding with Accel-KKR. This increased investment follows the investment made by Accel-KKR in April 2014, which was the company's first institutional round. Terms of the deal were not disclosed.

"Accel-KKR's increased investment provides strong support for Ektron as it delivers upon its vision and mission to provide solutions to customers that allow them to deliver consistent, relevant, and rich online experiences across all channels," said Ektron President, Tim McKinnon. "Ektron is proud to be making a very real difference in driving hard dollar value for organizations from their digital investments and customer experience strategies. This significant investment by Accel-KKR is a testament to how well our message is resonating in the market and the tangible results our customers are receiving.  We have been on a growth trajectory and are well positioned for continued growth in 2015." READ MORE

 

Maxwell Health Raises $26.4 Million in Series B Funding

One short year ago, Maxwell Health numbered just 14 people in a small office in Cambridge, MA. Today, we’re a dynamic team of 68 employees headquartered in downtown Boston, with remote offices in New York, Baltimore, Minneapolis, Denver, and Los Angeles, and hiring fast across all teams, all over the country. In 2014 alone, we grew our employer customer base by over 1000%, and the number of employees on our platform by over 3000%. 

We want to take this opportunity to wholeheartedly thank our partners for working with us. We’re deeply grateful for the confidence you’ve had in our product, our mission, and our team. We excited to be a core part of your go-to-market strategy and look forward to a long-lasting relationship into the future. We wouldn’t be where we are today without you. READ MORE

Kaminario Secures $53 Million

Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has closed a significantly oversubscribed $53 million financing round, bringing total raised capital to $128 million. In addition to existing investors Sequoia Capital, Pitango, Globespan, Tenaya and Mitsui, the round includes contributions from new investors, Silicon Valley Bank and Lazarus Hedge Fund, as well as a large public company. Kaminario will use the new investment to accelerate growth and extend go-to-market sales, marketing and support reach with its ultra-efficient, highly scalable and agile K2 all-flash storage array.

“Flash arrays have quickly exploded in the market because they can meet modern business needs in a way legacy solutions cannot,” said Haim Sadger, managing partner at Sequoia Capital. “The growing demand is pushing vendors to be more agile, scalable and cost-effective than ever before — and Kaminario has risen to the head of the pack. The speed with which the company has moved from early pioneer to a leading player in this burgeoning market is a testament to its world-class innovation and successful customer deployments.”


READ MORE

Xfund Closes $100 Million Second Fund

Xfund, an early-stage venture capital firm dedicated to finding and supporting technically-gifted entrepreneurs with a liberal arts mindset, today announced the closing of its second fund, with $100 million in committed capital. Existing limited partners New Enterprise Associates (NEA), Breyer Capital, and Accel Partners anchored the fund and were joined by a diversified group of long-term institutional limited partners. Xfund also announced that co-founder Patrick S. Chung, most recently a partner at NEA who led the firm’s consumer and seed investing practices, has joined Xfund full- time as General Partner. Chung will be based out of the firm’s new Sand Hill Road office and joins his co-founding General Partner Hugo Van Vuuren, who leads the firm’s Cambridge office. 

Xfund was founded in 2011 as a first-of-its-kind partnership between four of the nation’s most successful venture capital firms—NEA, Breyer Capital, Accel Partners, and Polaris Partners— and Harvard University. Its unique structure leverages the talent and expertise of each partner for the benefit of Xfund’s founders and teams; an affiliation with Harvard is not required. Xfund invests in all sectors, and has supported companies ranging from a cloud-based statistical computing platform to a maker of smart baby clothes and accessories.  READ MORE

ThinkingPhones Raises $56.7M in Funding

Thinking Phone Networks, Inc., also known as ThinkingPhones, the innovative leader in unified communications as a service (UCaaS), today announced that it has closed a $56.7 million round of Series D financing led by Technology Crossover Ventures (TCV), a leading provider of capital to growth-stage private and public companies in the technology industry. The round also includes funding from existing investor Bessemer Venture Partners (BVP). TCV general partner Ted Coons has been named to ThinkingPhones’ board of directors, effective immediately...READ MORE

Essess Raises Funding​

Essess, a Boston, MA-based thermal imaging technology provider, received a funding of undisclosed amount. 

The round, which brought total funding to date to $10.75m, was led by existing backers Vocap Investment PartnersDFJ Athena and Constellation Technology Ventures, the venture capital arm of Exelon Corp., with participation from new investors, including Tamarisc, a venture capital firm focused on building technologies, and the Massachusetts Clean Energy CenterREAD MORE



CloudLock Raises $6.7 Million in Financing

When we founded CloudLock almost 4 years ago we had a clear vision in mind – to help organizations transform their business by leveraging the cloud – in a secure way. Staying true to that vision, we have built CloudLock into the leader for cloud data protection, capturing security insight for more than 5 million enterprise users with more than 50 billion data objects every single day at some of the world’s largest companies.

With success come opportunities, and today marks a key milestone along the path of further accelerating our growth. We have closed a $6.7M funding round supported by our existing investors. The cloud security market is among the hottest sectors in technology. And while there was significant interest from the market in this round, we have always believed that building the most successful company is about managing growth responsibly and at the same time focusing on adding value for our customers. We couldn’t be more pleased to see the support and backing we’ve received from our existing investors, and we closed the round in what we believe is a record time during a period when the company is growing more than 100% year over year. READ MORE

Kensho Raises $15 Million

Kensho today announced that Goldman Sachs has led a $15 million investment round in Kensho, and has entered a strategic partnership to use Kensho's real-time statistical computing and analytics technology across the firm. 

Kensho is a next-generation analytics platform for investment professionals that instantly and clearly answers millions of permutations of complex financial questions, automating previously human-intensive knowledge work by harnessing massively-parallel statistical computing, user-friendly visual interfaces and breakthroughs in unstructured data engineering. READ MORE

Polaris Partners Raises $450M Fund
A $450 Million Partnership Investing in Technology and Healthcare 

Each new fund brings great opportunity to the world around us. Polaris Partners VII marks our ongoing commitment to advancing novel ideas and building breakthrough companies. True partnerships matter - and we are thrilled to embark on this next journey alongside extraordinary leaders who seek to make the world a better place. We wish to thank our companies, investors, and colleagues for placing their trust in us year after year, fund after fund. We're proud to be your partners and know that the best is yet to come. READ MORE
Disruptor Beam Raises $3.2 Million in Series A round

Disruptor Beam, the company that brings together worldwide fan communities with authentic games based on iconic worlds, has today announced it has secured a $3.2 million Series A funding round. The new funds will go towards the continued development of the company’s next game, Star Trek Timelines, as well as towards its community- centric gaming platform. In addition, new funds will help the company in its efforts to secure additional IPs for future game products, as well as to expand its team across all disciplines. For more information on Disruptor Beam, visit https://www.disruptorbeam.com/about.

This latest round consists primarily of new equity investors as well as conversion of existing debt. New investors in this round included Midverse Studios, GrandBanks Capital and a number of technology-oriented angel investors. Also participating were prior investors including CommonAngels, Romulus Capital, and angel investors including Harmonix founders Alex Rigopulos and Eran Egozy. READ MORE

 

Teespring Raises $35 Million

As reported by TechCrunch, Custom apparel startup Teespring has raised $35 Million Series B from Khosla Ventures to continue to fuel its growth and expansion, which includes the addition of a new facility in Kentucky that’s expected to create hundreds of jobs next year. Andreessen also participated in the round for this company, whose platform allows anyone to outsource the production and distribution costs of selling their own custom-designed shirts.


Along with the funding, Khosla Ventures partner Keith Rabois is now joining Teespring’s Board of Directors, which today also includes Lars Dalgaard, general partner at Andreessen Horowitz, and Sam Altman, president of Y Combinator. READ MORE

Dispatch Closes $3.1M in Financing

Dispatch today announced the close of a $3.1M round of seed funding and unveiled the industry’s first scheduling and delivery platform for on-demand services. The company’s strategic financing was co-led by Promus Ventures and GrandBanks Capital, and included Salesforce Ventures, prominent individual investors Ray Lane and Mark Goldstein, as well as Launch Capital and Kima Ventures.

Dispatch’s proprietary platform brings businesses into the on-demand economy by providing enterprises with a mobile extension for their legacy systems and by offering a self-serve set of products and APIs for marketplaces and developers. Businesses rely on Dispatch to enable their customers to instantly find and book a scheduled or immediate service either online or through a smartphone, and allow the customer to track the arrival of their provider in real-time. READ MORE

Alfred Raises $2M

Today Alfred announced a $2M round of funding led by Spark Capital, along with SV Angel & CrunchFund.  Alfred’s service is out of beta and is available in Boston and NYC. 

Alfred Club is the first service layer on the shared economy that manages your routine across multiple on-demand and local services (e.g. Handy, Instacart, and the local dry cleaner). Members build a subscription to make their routine automatic, letting Alfred seamlessly coordinate services in their home, so they come home happy. READ MORE




WiGo Closes $700k

As reported by TechCrunch, WiGo has raised $700k. Tinder CEO, Sean Rad and CMO Justin Mateen took part in the round and will join WiGo as active advisors.

The round also includes investment from Paul English, founder of Kayak, as well as Rue La La and Lids founder Ben Fischman and Kevin Colleran, one of the first ten employees at Facebook.

WiGo, the first app that safely and securely shows college students who is going out at their school and where they're headed, is out of Enligh's startup foundry, Blade. You can read more about WiGo founder, Ben Kaplan and the app here.

READ MORE on the funding coverage from TechCrunch.

InsightSquared Closes $13.5M

InsightSquared Inc. raised $13.5 million for what founder Fred Shilmover calls "affordable business intelligence"--software to help small and medium-size businesses analyze their sales and marketing data for answers to questions that are hard to answer given currently available software.

The Series C round comes from current investors Atlas Venture, Draper Fisher Jurvetson and NextView Ventures along with a new investor, Two Sigma Ventures. READ MORE 

Learn more about InsightSquared on their BIZZpage

 

Indico Raises $3M in Funding

Indico announced a $3M seed round of funding during their pitch at Techstars.  Investors in the round are General Catalyst, Two Sigma, .406 Ventures, and Boston Seed Capital.  Indico is creating a new kind of development environmnet for machine learning... READ MORE

Gemr Raises $4.93 Million in Private Placement Funding

Gemr, a pioneering online social community for collectors, announced today that it has raised $4.93 million in a Series A funding round from a group of private and institutional investors that includes Gary R. Sullivan, Co-Founder, American Antiques expert and appraiser on PBS's Antiques Roadshow, James B. Hawkes, former Chairman and Chief Executive Officer of Eaton Vance Corp., and The NH MillWorks Fund. The funding, raised in just 30 days, will be used to complete the development of its iOS and Android mobile applications, a web app, and to support a national marketing launch effort.      

Gemr is an online collector community and mobile native application that allows users to easily find, collect, trade or sell an item simply by snapping a picture and sharing it with interested Gemr peers. Over 40 percent of Americans consider themselves collectors and each week 100 million Americans watch television programs like Antiques Roadshow or American Pickers. However, there is no equivalent experience on the Internet or as a mobile platform. READ MORE

 

Prelert Closes $7.5M Investment

Prelert, the anomaly detection company, today announced it has raised a $7.5 million round of venture capital financing from Intel Capital and existing investors, Fairhaven Capital and Sierra Ventures. This investment will enable Prelert to further expand its field sales and engineering organizations to leverage the growing interest in Anomaly Detective® from enterprises, cloud service providers and IT management providers.

As IT security and operations professionals struggle to find actionable insight within the overwhelming volume of machine-generated big data that their systems create, Prelert offers a solution to easily find operational threats, issues and opportunities as they are occurring. Using unsupervised machine learning technology, Prelert’s Anomaly Detective processes huge volumes of streaming data to learn what normal behavior looks like within an IT environment, and in real time, flags anomalous activity. READ MORE

Wanderu Raises $5.6M in Series A Funding

Wanderu, a Boston, MA-based provider of a travel search engine platform for bus and train rides, raised $5.6m in Series A funding.

The round was led by Metamorphic Ventures, with participation from Alta Ventures, 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. READ MORE

BlueSnap Raises $50M Growth Equity Round

Global payment gateway BlueSnap announced today that the company has raised $50 million of growth equity from Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. BlueSnap will use the new funding to expand operations for its global business and pursue strategic acquisitions.

BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic eCommerce tools. With over 10 years of experience serving merchants around the globe, BlueSnap provides the most robust global gateway on the market, supporting shoppers in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. READ MORE