Funding

Evoqu / ShopAdvisor raises $1.45M in funding

As per SEC filings, Evoqu in Maynard, MA has raised $1.45M in funding.  Evoqu Inc. is a start-up focused on building a cloud based platform for deferred shopping (remember things you want to buy later) called ShopAdvisor.  This service alerts you when it finds a good deal or important new information about the product.

LuckyLabs raises $3.5M in funding

As per SEC filings, LuckyLabs in Boston, MA, has raised $3.5M in funding.  Investors included Atlas Venture, Jeff Robinov (president of Warner Bros. Picture Group), & Jerry Colonna.  LuckyLabs is an online gaming company founded by serial entrepreneur Steve Kane and Noah Jessop.

Unidesk raises $9M in funding

As per SEC filings, Unidesk in Marlborough, MA, has raised $9M in funding.  Unidesk Corporation enables customers to centralize more desktops on data center servers by reducing the cost and complexity of Virtual Desktop Infrastructure (VDI).

Single Digits raises $10M in funding

Single Digits, Inc., a leading, global provider of High Speed Internet Access solutions, today announced the receipt of $10 million in funding from Boston-based Tudor Growth Equity, the private equity arm of Tudor Investment Corporation. The new funding will be utilized to support the company's rapid growth and product development for ensuring laptops, smartphones, tablets and other WiFi-enabled devices, are securely connected to the Internet and managed/supported vis-à-vis traditional IT infrastructures and new cloud-based services and applications.

Bradford Networks raises $3M in funding

Bradford Networks, the best choice to enable secure network access for corporate issued and personal mobile devices, today announced the closing of a $3 million round of financing.  Updata Partners led the round and was joined by Windspeed Ventures. The investment will support Bradford’s rapid expansion into the healthcare and government markets, fueled by increasing demand for the company’s Network Sentry product as part of a comprehensive Bring-Your-Own-Device (BYOD) security approach.

PLASTIQ raises $2.3M in funding

As per SEC filings, PLASTIQ in Cambridge, MA has raised $2.3M in funding.  In addition to Eliot Buchanan (CEO) & Daniel Choi (Co-Founder & CTO), the filing include Jeff Bussgang of Flybridge Capital Partners and Ryan Moore of Atlas Venture. 

PLASTIQ is a payments startup where you can make large purchases (college tuition, cars, taxes, real estate) via credit card and benefit from rewards programs.

InsightSquared raises $4.5M in funding

InsightSquared, a SaaS company focused on business intelligence for the SMB market, has received $4.5 million in Series A funding.  The round was led by Atlas Venture with participation from Bessemer Venture Partners, NextView Ventures and salesforce.com. 

InsightSquared has developed a Software-as-a-Service (SaaS) platform that enables small and mid-sized businesses to benefit from the predictive value of traditional business intelligence without the traditional cost and complexity.  Today, the company announced a Salesforce integration that provides real-time, intuitive visualization to increase sales and productivity.

Disruptor Beam raises funding

As reported by Scott Kirsner, Disruptor Beam has raised a round of seed funding.  Investors include Russ Wilcox (former E Ink CEO), Alex Rigopoulos (Harmonix CEO), Eran Egozy (former  CTO at Harmonix), & Mike Dornbrook (former COO at Harmonix).  Disrupor Beam is a game development startup that was founded by Jon Radoff.

Vanu raises $3.2M in funding

As per SEC filings, Vanu in Cambridge, MA has raised $3.2M in funding.  Vanu provides wireless infrastructure solutions for commercial carriers and government customers, focusing on coverage needs where current technology does not provide a
cost effective solution for carriers today.

EMC Acquires XtremIO

EMC Corporation (NYSE: EMC) today announced that it has acquired privately held XtremIO. Widely regarded as one of the world's premier Flash storage architecture pioneers, Herzliya, Israel-based XtremIO provides an added dimension as EMC® continues to enhance and broaden its world-leading Flash storage portfolio. The all-cash transaction is not expected to have a material impact to EMC GAAP or non-GAAP EPS for the full 2012 fiscal year.

XtremIO's all-Flash, scale-out, enterprise storage architecture was designed to leverage the speed and unique abilities of Flash memory. The addition of XtremIO extends EMC's lead in developing and delivering networked storage infrastructures that are dynamically optimized for performance, intelligence, and protection for both physical and virtualized cloud environments.

PlumChoice raises $8.5M in funding

As per SEC filings, PlumChoice in Billerica, MA has raised $8.5M in funding.  PlumChoice, Inc.'s Technology Care solutions enable organizations to transform customer satisfaction to customer loyalty.  Whether powering a premium technology care business, augmenting a technical support business or enabling more efficient management of an internal service desk/help desk function, PlumChoice delivers scalable software and turnkey services that influence customer loyalty, increase profitability, drive down support costs, and improve productivity.

SessionM raises $20M in funding

SessionM, the mobile engagement engine for the app economy, announced a $20 million Series B round of financing led by Charles River Ventures. SessionM's current investors, Highland Capital Partners and Kleiner PerkinsCaufield and Byers (KPCB), also fully participated in the round. The companywill use the financing to hire top talent and continue rapid expansion of its platform, technology and network footprint.

SocMetrics raises $250K in funding

As per SEC filings, SocMetrics in Cambridge, MA has raised $250K in funding.  SocMetrics is a revenue optimization SaaS platform for agencies and brands to win more new business, create proposals and marketing campaigns more efficiently, and monitor competitive standing in key segments by leveraging industry-specific influencers in social media.

Intronis raises $3.9M in funding

As per SEC filings, Intronis in Boston, MA has raised $3.9M in funding.  Intronis Cloud Backup and Recovery is a world-class cloud backup solution for the IT channel.

Certeon raises $4M in funding

Today Certeon Inc. announced that Massood Zarrabian has joined Certeon as Chairman and Chief Executive Officer and that they have raised a new $4 million round of venture capital to fund continuing investments in R&D and Sales.

OnePIN raises $1.3M in funding

OnePIN, Inc., the world’s leading provider of mobile social address book solutions, today announced that it has raised a $1.3 million round of financing. This funding was raised from existing investors, bringing the company’s total financing to $25.6 million. This investment enables OnePIN’s continued expansion into international mobile markets. OnePIN’s social address book service, CallerXchange, is currently being distributed to over 150 million mobile subscribers within eighteen mobile operators around the world.

CustomMade raises $4M in funding

As per SEC filings, CustomMade in Cambridge, MA has raised $4M in funding.  CustomMade.com is the first online peer-to-peer marketplace connecting shoppers with skilled artisans who create unique luxury custom goods including furniture, cabinetry and jewelry.

Radio Mobile Access raises $9.5M in funding

As per SEC filings, Radio Mobile Access in Andover, MA has raised $9.5M in funding.  Radio Mobile Access is building an array of solutions for the mobile broadband industry. Their vision/mission is to enhance communications experience, and reduce cost of technology.

Misfit Wearables raises $7.6M in funding

As per SEC filings, Misfit Wearables has raised $7.6M in funding.  Misfit Wearables is developing highly wearable sensor products and services for wellness and medical applications.

Activate Networks raises $1M in funding

As per SEC filings, Activate Networks in Newton, MA has raise $1M in funding.  Activate Networks is a network analytics company that identifies and understands the key social connections that drive commercial, organizational, and health results.

CoolChip Technologies raises $500K in funding

As reported by Gregory Huang of Xconomy, CoolChip Technologies in Cambridge, MA has raised $500K from Founders Fund.  CoolChip Technologies is a privately held company founded in 2010. The company was engendered by the commercial opportunities and related research from Sandia National Labs and MIT with the vision of breaking down the “thermal brick wall” to enable the next generation of high-performance computing and data center energy efficiency.

Telerik acquires NimblePros

Telerik, an end-to-end provider of software development and collaboration solutions, today announced the acquisition of NimblePros, a leading service provider of custom software solutions and training. The entire NimblePros team, including founders Steve and Michelle Smith, will be joining Telerik as part of its Enterprise Services Group.

Locu raises $4M in funding

As reported by TechCrunch, Locu in Boston, MA has raised $4M in funding.  The round was led by General Catalyst with participation from Lowercase Capital, Lightbank, SV Angel, and other existing angel investors.

Locu Inc., a start-up founded by MIT graduates and computer science researchers, is building technologies to efficiently digitize and augment real-world data. Locu strives to create the freshest, most complete data sets around local business data to help further the business of our API clients and partners. Locu is building solutions that will help millions of local businesses better manage their online presence.

Cloze raises $1.2M in funding

As per SEC filings, Cloze in Cambridge, MA has raised $1.2M in funding from Greylock, Kepha Partners, & NextView Ventures.  Cloze's mission is to help you find a better path through your network so you don’t just make a connection, you make the right connection — a lasting connection. Cloze brings together your lifetime's worth of email, business connections, social networks, and address books into a single useful view without adding more work into your day. They make your address book automatic, available in the cloud and easily searchable on any mobile device or computer.

Terascala raises $10.6M in funding

Terascala, Inc., the leader in accelerating big data applications through storage I/O optimization, today announced that it has closed a $14 million Series B funding round.  Strategic partners close to the company invested approximately fifty percent of the round, with Ascent Venture Partners, an early backer of the company, contributing the remainder.  Terascala will use the funding to significantly expand research and development, marketing, customer support, to develop strategic alliances, and to fuel international expansion.

Silver Lining Systems raises $2M in funding

As reported by Scott Kirsner, Silver Lining Systems in Cambridge, MA has raised $2M in funding.  Silver Lining Systems is a startup with roots out of Columbia University.  Investors include Lightspeed Venture Partners and angel investors: Steve Papa, Rob Soni, David Murphy, & Dev Ittycheria.  The company is looking to improve the performance of cloud-based applications and services by removing data center bottlenecks.

Wingu raises funding

Wingu Inc., a developer of software designed to enhance the operational efficiency of pharmaceutical research and discovery, today announced a Series A round of funding led by Google Ventures with additional investment from Borealis Ventures. The investment will allow the company to accelerate its growth and expand its sales and product development efforts.


Pharmaceutical companies continue to embrace distributed research, engaging a variety of partners to help develop the next blockbuster drug. Wingu’s software optimizes R&D by tracking and coordinating complex distributed research projects that require tight integration between pharmaceutical companies and partners. Unlike other approaches to portfolio and project management, the solution complements collaboration dynamics by linking data exchange to workflow without increasing administrative overhead.

Wingu’s software helps managers understand and respond to inefficiencies in their current projects, build institutional knowledge, and proactively optimize new projects. It also exposes objective performance indicators and analytics that help guide decision-making processes without interfering with project flow. The company calls this approach Research Intelligence (RI). Wingu’s software is already in use at a variety of organizations, including several top 10 pharmaceutical companies.

Copiun raises $5M in funding

Copiun Inc., provider of the first and only secure mobile collaboration solution with end-to-end data governance, today announced that it has closed the final tranche of its $5 million Series A funding led by venture capital firm, Novak Biddle Venture Partners. The company met all performance milestones required to initiate the latest investment, having expanded both its customer base and revenue tenfold in 2011. In addition, Copiun established new partnerships and grew its product portfolio over the past six months. 

TipTap raises $1.5M in funding

As per SEC filings, TipTap in Cambridge, MA has raised $1.5M in funding.  TipTap is a social discovery website.  It employs a unique psychology-based approach to match users from around the world who discover and share the things they love. Participants learn about their personality, tastes, and preferences, which also allow for highly personalized experiences by providing the criteria to connect them with other like-minded individuals.

Humedica increases latest round to $33M

As per SEC filings, Humedica in Cambridge, MA has added $10M to a previous round of funding at $23M, bringing the current total of this round to $33M.  Humedica is a next-generation clinical informatics company that provides novel business intelligence solutions to the health care industry.  Humedica has raised a total of $63M in venture funding.