Funding
Mimecast, the leading supplier of cloud-based email archiving, security and continuity for Microsoft Exchange and Office 365, has today announced that it has secured $62.15 million in Series C funding led by global private equity firm, Insight Venture Partners, with existing investors Dawn Capital also participating. Mimecast plans to use the funding to accelerate the development and deployment of new technology, and to support plans for rapid expansion in the US market.
Cloud Technology Partnersthe leader in transforming businesses with cloud solutions, today announced the closing of a $2 million series A-2 round. The additional funding will be utilized to underwrite the company’s continued aggressive hiring plans particularly in the area of intellectual property (IP) development, as well as sales, marketing and client services. This round brings the company’s total funding to $5 million.
SimpliVity Corporation, a provider of simplified Software Defined Data Center in a Box solutions, today announced that it has secured $25 million in Series B funding led by world-renowned Silicon Valley-based Kleiner Perkins Caufield & Byers (KPCB). Existing investors Accel Partners and Charles River Ventures also participated in this financing round, which brings the total funding to date to $43 million. Completing just four weeks after SimpliVity emerged from stealth mode, the funding serves as further validation of the transformational value of SimpliVity’s flagship offering, OmniCubeTM, the world’s first truly assimilated IT infrastructure platform.
Daily Grommet, an online shopping site and marketing platform for
innovative and undiscovered products, today announces a round of Series B
funding led by Rakuten, one of the world’s largest online marketplaces.
Daily Grommet plans to use the capital to further expand its highly
curated e-commerce site and product launch platform.
Together, the companies provide significant benefits to one another,
as Daily Grommet will allow Rakuten to advance its sourcing, curation,
and storytelling capabilities and deepen consumer connections to its
merchant partners. Daily Grommet has gained a large and influential
following because of its proven ability to expertly source and vet high
potential unknown products. Since its launch in 2008, over 1,000
products and emerging companies have been featured on DailyGrommet.com,
many of which have become household names. The company’s “Citizen
Commerce” movement creates connections between inventors and consumers,
by enabling product purchases that express powerful contemporary values
around sustainability, quality, technology and social enterprise.
As per SEC filings, MetraTech in Waltham, MA has raised $30M in funding. MetraTech is technology provider of agreements-based billing and compensation solutions.
Ubersense, a Cambridge-MA-based technology company that helps athletes improve at any sport, has raised $1.1m in seed funding. Backers include Atlas Venture, Google Ventures, Boston Seed Capital and other angel investors. The company intends to use the funding to build out the product and expand operations.
Founded in early 2011 by Krishna Ramchandran, CEO, and Amit Jardosh, Ubersense has created a mobile video and collaboration platform that allows coaches at all levels, from parents to Olympic trainers, to help athletes in any sport get better. Using the Ubersense app for iPhone or iPad, coaches or athletes can video-tape and analyze their technique, compare themselves with pros, track their progress. Coaches and peers can provide feedback in-person and remotely.
iWalk Inc., a Bedford, Mass.-based developer of Personal Bionics products, has closed a $17m Series D equity financing round.
The financing was led by new investor Gilde Healthcare Partners, with participation from existing investors WFD Ventures, General Catalyst Partners, and Sigma Partners.
The company intends to use the capital to further develop and commercialize a series of innovative Personal Bionics products and expand its global sales and support infrastructure.
As announced per Eric Paley's blog, Founder Collective has raised a new $70M fund. Founder Collective is an early stage investment firm with offices in Boston & NYC. Current Boston based investments include Boundless Learning, CustomMade, SavingStar, Sample6 Technologies, & ThriveHive. This is the firm's second fund.
As per SEC filings, MedMinder in Needham, MA has raised $1M in funding. MedMinder Systems Inc. provides services that simplify medication management and improve medication adherence. They offer an automatic pill dispenser that reminds users when it is time to take their medication in a variety of levels from flashes, beeps, text messages & phone calls.
Localytics launched a new app marketing platform on top of its enterprise app analytics service and secured $5.5 million in Series B financing. Polaris Venture Partners led the round with all existing investors including New York Angels, Launchpad Venture Group and Hub Angels participating. In just three years Localytics has established itself as the leading enterprise app analytics and marketing solution supporting over 350 million devices. The new funds will be used to expand the app analytics and marketing automation platform.
FashionPlaytes, the retail industry's first engagement-driven e-commerce company to target the tween consumers, today announced its $5 million Series B financing. New investors Leo Capital Holdings and Spindrift Equities participated in the financing alongside existing investors Fairhaven Capital, New Atlantic Ventures and Golden Seeds. At the leading edge of digital fashion design for tween girls, FashionPlaytes will use this funding to continue to enhance the engagement, social interaction and educational components of its FPGirl site.
As per SEC filings, Avalon Ventures has raised a new $200M fund. Avalon Ventures has offices in Cambridge, MA and San Diego, CA. Boston investments include Backupify, Cloudant, Kinvey, Nanigans, Pingup, & TwinStrata.
InCrowd, the only company providing real time healthcare market
research, announced today that it has secured $2.2 million in Series A
Funding led by Nauta Capital. InCrowd will use the Series A funds to
speed its ongoing technology development and cutting edge tools for the
decision support industry, expand its Crowds of healthcare professionals
and add top talent to the team.
Over the past 12 months, InCrowd has built a highly specialized Crowd of
pre-screened healthcare professionals that have opted-in to answer
micro surveys in real time. During this period, InCrowd has also
expanded its client base to include 8 of the top 10 pharmaceutical
companies and a growing base of biotech and medical device companies.
The ability to gain near instant market feedback has fueled rapid growth
in a data driven industry that is increasingly tasked to know now.
908 Devices, an innovator in field-portable chemical analysis, announces the closing of an $8.1M Series A investment led by ARCH Venture Partners with participation from Razor’s Edge Ventures and University of Tokyo Edge Capital (UTEC). Keith Crandell, Co-founder and Managing Director of ARCH and Mark Spoto, Managing Director of Razor’s Edge have joined 908 Devices’ board.
Sand
9, Inc., a pioneer in precision MEMS timing products for wireless
and wired applications, today announced that Ericsson
(NASDAQ: ERIC), a world-leading provider of telecommunications equipment
and services to mobile and fixed network operators, has invested $3
million in the company.
Timing devices provide the ‘heartbeat’ for all electronic applications,
which include wireline communications infrastructure and cellular base
stations, as well as mobile and wireless applications. Sand 9’s
micro-electromechanical systems (MEMS) timing products offer significant
advantages over legacy quartz crystal solutions, which currently
dominate this market. Sand 9’s timing products offer greater immunity to
electromagnetic interference (EMI) and vibration in combination with low
noise and high stability, which ensures precision timing—even in
ruggedized environments.
As per SEC filings, Finalta in Bedford, MA has raised $2M in funding. Finalta, Inc. is building software for the world's institutional asset managers.
As per SEC filings, Virtify in Cambridge, MA has raised $3M in funding. Virtify creates Structured Content Management solutions for life sciences. Organizations rely on Virtify to reduce time-to-market, risk, and costs by managing and automating the complex regulatory compliance and content exchange requirements throughout the product life cycle.
Terascala, the Fast Data company, today announced
that Intel Capital has made a financial investment in Terascala. The
investment is part of the company’s $14 million Series B funding round
previously announced April 24, 2012, that is being used to fund growth
in research and development, customer support, marketing, and sales.
The burgeoning growth of unstructured data has ushered in an era
known as Big Data computing, which challenges IT organizations to
store, manage and more quickly deliver petabyte-range data to large
scale, compute-intensive applications. Parallel data delivery can
make these applications run 5x to 10x faster, leading to more
responsive business results. Purpose-built on Intel® servers with
Xeon® E5-2600 processors—and coupled with one of the industry’s most
widely deployed open source parallel file systems, LustreTM—Terascala
offers a high performance storage appliance that enables enterprises to
utilize Big Data now while leveraging their existing investments.
As per SEC filings, Predilytics in Concord, MA has raised $6M in funding. Predilytics is a Healthcare Information Technology and service company focused on analytic insights from large data sets using the latest in computer science. According to the Boston Business Journal, the investment was led by Flybridge Capital and Highland Capital Partners, with participation from Google Ventures and several angel investors.
Viewfinity, the innovator of privilege management solutions, today announced $8.5 million in C-round funding from Longworth Venture Partners, Giza Venture Capital and JK&B Capital. With this added capital, Viewfinity will expand its sales and marketing organization, increase its penetration in EMEA and further build its product offering.
Horizon Technology Finance Corporation (Nasdaq:HRZN) ("Horizon"), a leading specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life sciences, healthcare information and services, and clean-tech industries, today announced that it has closed a $5 million venture loan to SimpleTuition, Inc. ("SimpleTuition"), a leading provider of tips, advice and interactive tools that help students save on college-related expenses. The funds provided to SimpleTuition will support its continued growth.
As per SEC filings, Insight Guru, Inc., which operates Trefis has raised $1.4M in funding. Trefis is a stock analysis service that breaks down a stock price by the contribution of a company's major products and businesses.
As per SEC filings, RiverMeadow Software in Westford, MA has raised $5M in funding. RiverMeadow Software Inc. develops software that automates the migration of physical and virtual servers (live and as-is) into and between public, private and hybrid clouds. Their enCloud™ software service is a rapid onboarding SaaS based solution developed specifically for Cloud Service Provider IaaS platforms.
As per the company blog, Ginger Software based in Lexington, MA has raised $5M in funding from Horizons Ventures, the venture capital fund
owned by Mr Li Ka-‐shing, and Harbor Pacific Capital,
a Silicon Valley-‐based venture firm.
In addition, the company received $400,000 from current investors. Ginger Software had already raised $6.3 million in a previous financing
round from Vaizra Ventures and previous investors. This brings Ginger’s
total investment close to $21 million to date. Frank Meehan,
from Horizons Ventures, will join Ginger Software as a board member.
Ginger Software is the leading contextual spell and grammar checker on the market today.
Smart Lunches, one of the Internet's fastest growing providers of healthy meal options for children outside of the home, announced today that it closed a Series A investment round, securing over $1 million in additional capital. Investors included Boston-based Data Point Capital, Jonathan Kraft, President of The Kraft Group, and Lon Chow, General Partner of Apex Venture Partners, based in Chicago. Smart Lunches partners with schools, daycare centers and camps to serve children fresh, nutritious meals that parents can order 24 hours a day with the click of a mouse. These meals are delivered free to the facility each day, relieving the Smart Lunches partner -- and parents -- of the responsibilities that go along with daily lunch planning and preparation.
The Slater Technology Fund announced today that it has provided a new round of expansion capital to mobile web content management firm MoFuse as part of a $525,000 round of funding that includes Beacon Angels, Angel Street Capital and Cherrystone Angel Group. This latest funding brings Slater’s total investment in the Warwick-based company to $580,000 and will enable MoFuse to expand the reach of its mobile web development solution for organizations of all sizes.
As per SEC filings, Best Doctors in Boston, MA has raised $45.5M in funding. Founded in 1989 by Harvard Medical School professors, Best Doctors, Inc. is transforming and improving health care. The global company serves more than 30 million members in every major region of the world. Best Doctors works with the best five percent of doctors to find the right diagnoses and right treatments, and seamlessly integrates its trusted services with employers’ other health-related benefits.
General Dynamics (NYSE: GD) announced today that it has executed a definitive agreement to acquire Fidelis Security Systems, Inc., a market leader in cyber security tools that provide real-time network visibility, analysis and control. The value of the cash transaction has not been disclosed. Fidelis Security Systems employs approximately 70 people at locations in Waltham, Mass., and Bethesda, Md.
sqrrl, the company focused on security, scalability, and adaptability for Big Data, today announced that it has received funding from Atlas Venture and Matrix Partners. Chris Lynch of Atlas and Antonio Rodriguez of Matrix will join the company’s board of directors. sqrrl’s seed round will enable the company to aggressively hire to meet the rising demand for secure, scalable, and adaptable Big Data products and fuel the release of an enterprise version of Apache Accumulo that extends the core technology.
As per SEC filings, lifeIMAGE in Newton, MA has raised $4M in funding. lifeIMAGE provides a broad set of solutions for universal e-sharing of diagnostic imaging information. These products connect hospitals, radiology groups and physicians to their patients everywhere. lifeIMAGE makes it possible to securely deliver or receive patient imaging information wherever needed from wherever the information originates.