Data Mgmt / Business Intelligence
Mobee Closes $5M Series A Financing
Mobee, the leader in Real-time Crowdsourced Data & Insights For Brands, Retail & Asset Management Firms, has closed on a $5M Series A financing. The financing was led by Flint Capital (www.flintcap.com) and Flint Capital's Partner, Sergey Gribov, will be joining Mobee's Board of Directors. Funds will be used to expand market reach and client engagement as well as continuing Mobee's rapid evolution of industry-leading technology for crowdsourced intelligence gathering. That real-time technology offers direct visibility to the retail store, aisles and shelves providing alerts and data and analysis tools for an immediate view into brand and retail execution, performance and competition. With a national reach, Mobee is poised to collect thousands of geo-located data points and photographs in a matter of hours, not months.
Existing investors Stage 1 Ventures, Atlas Venture, and InterWest Partners also participated in this round.
"I am thrilled to have Flint Capital on the Mobee team and to have Sergey join our Board of Directors. Flint brings a pragmatic and supportive approach to venture investing and have been a pleasure to work with through this financing," said Hal Charnley, Mobee's President/CEO.
"Mobee personifies the type of investment that we seek at Flint. A young, vibrant team with a firm grasp of their market and the ability to dominate their category. As a Boston-based firm, we're excited to have an investment in our own backyard," said Sergey Gribov, Flint's Partner.
Mobee was founded in 2011 with a vision to use mobile technology and the power of the crowd to collect the world's offline data. Mobee is the leader in real-time crowdsourced data & insight for brands, retail and asset management firms. Mobee provides direct visibility to the stores, aisles and shelves, real-time alerts and data and analysis tools, providing immediate view into retail execution, performance and competition. With a national reach, Mobee is poised to collect thousands of geo-located data points and photographs in a matter of hours, not months. Brands & retailers can now get real-time insights into the leading drivers, "the whys," of their retail sales across critical performance insights including; new product launch, competitive intelligence, seasonal program check, in-store promotions & displays, product availability & shelf positioning, product demonstrations, sales associate training & customer messaging. For more information visit us at http://www.getmobee.com
About Flint Capital
Flint Capital is a $100 million international investment fund with offices in USA (Boston and Palo Alto), Israel and Europe. It was founded in 2013 to support the best entrepreneurs, wherever they are. Flint is a multi-stage venture fund, which focuses on investments in mobile, SaaS, Advertisement, Financial as well as Security and Enterprise sectors of high technology. More information can be found at www.flintcap.com.
Celect Raises $5M in Funding
Celect, a fully data-driven customer choice modeling suite, launched today with $5 million in Series A funding led by August Capital with participation from Activant Capital Group.
The Boston-based company, founded by MIT professors Vivek Farias and Devavrat Shah, uses a fundamental technological breakthrough in machine learning, which allows retailers to truly understand their customers’ buying patterns. This technology enables merchandisers, retail planners and inventory analysts to create optimized and localized product assortments, and in turn, increase inventory turnover and revenue while fostering a better customer experience. An early pilot of Celect’s technology in ten stores at The Bon-Ton Stores, Inc., a regional department store, operating 270 locations across the US, shows positive increases in in-store revenue over the control group...READ MORE
DataDog Acquires Mortar Data
Here’s an obvious acquisition and product enhancement story. Datadog is a monitoring service built for the distributed, cloudy world. Datadog aggregates data from servers, databases, applications, tools and services in order to generate a unified view of application performance. The idea being that in a highly distributed world, only through holistic monitoring will the root cause of any performance degradation be found.
Mortar Data, on the other hand, is a small startup that is focused on helping companies build and run big data applications and data pipelines. Their raison d’etre is to help companies capture large amounts of data and then derive some meaningful insights from that body of information. READ MORE
Panorama Education Raises $12M Series A Round of Funding
Panorama Education (www.panoramaed.com), used by schools and districts for educators' professional growth and strategic planning, announced today that it has raised a $12M Series A funding round with participation from Owl Ventures and Spark Capital. Jed Smith, Co-Founder and Partner at Owl Ventures, and Andrew Parker, General Partner at Spark Capital, have joined Panorama's board.
Panorama currently serves more than three million students across 40 states. Schools and districts use Panorama to collect feedback through surveys and to analyze their data. Panorama helps teachers, principals, and district leaders understand and take action on key issues, including student engagement, family involvement, school culture, and teacher recruiting and retention. Of America's Top 100 largest school districts, 14 have already adopted Panorama -- unprecedented for a startup -- along with most major charter networks and hundreds of smaller districts across the country...
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
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
Francisco Partners Acquires HealthcareSource
Francisco Partners, a global technology-focused private equity firm, announced it has completed its acquisition of HealthcareSource, the leading provider of talent management solutions for healthcare. Peter Segall and the existing executive team will continue to lead the company.
“The potential of this partnership became even more evident during our work with the Francisco Partners team in the last few weeks as the transaction closed,” said Peter Segall, president and CEO of HealthcareSource. “I am confident that the firm’s resources and expertise will advance HealthcareSource’s growth.” 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.
Interactions Buys AT&T Speech Recognition Platform to Improve Interface Technology
AT&T has found a home for Watson — and it's not in the AT&T Labs. The speech recognition platform and some related patents were sold this week to Franklin, Mass.-based customer care company Interactions Corporation for an undisclosed amount of equity.
Interactions, which develops and markets natural language understanding technology, used by companies the likes of Hyatt, Best Western and Humana, will use the technology to improve its customer service system and create an "Interface of Things," Interactions CEO Mike Iacobucci said in a statement. 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
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.
Unidesk raises $10M from Ignition Partners
Serial entrepreneur Don Bulens has spent the last 30 years of his career finding ways to simplify life for IT professionals. And it's no different with his latest venture, a company with a product created to simplify Windows management.
Podium Data Announces Funding
PODIUM DATA ANNOUNCES INITIAL FUNDING
Funds to Fuel Growth of Big Data Platform that is Redefining
Enterprise Data Management
LOWELL, Mass. – June 3, 2015 – Podium Data, provider of a practical, big data platform that accelerates access to critical business data, announced today that it has secured initial financing, led by CommonAngels Ventures. The initial round of financing will fuel company growth and advance early marketplace adoption of the Podium enterprise data management platform, released in August 2014.
Podium Data gained early traction among target customers by addressing a persistent and growing challenge faced by today’s enterprises: fundamental business data is not readily available for decision making. Business leaders are increasing the pressure on IT, requesting self-service access to more data sources, as well as faster consolidation and integration of critical information.
The Podium platform extends the power of big data technologies, delivering the first data lake platform with business ready data. Business users get access to the data they need in a secure, self-service environment with insights continuously captured. With Podium, businesses dramatically reduce their time to answer, enabling informed decision making, agile innovation, improved customer experience and, ultimately, competitive advantage.
Growing demand for a cost-effective data management solution that captures value from vast stores of information is evidenced by the number of customers in the financial services, insurance, healthcare and retail sectors committing to multi-year Podium subscriptions.
“With Podium, we finally have access to essential data we can trust. Podium provides self-service access to all of our data, and has enabled our team of analysts and data scientists to dramatically accelerate analysis and business insights. Podium was installed with data ready for use in 90 days, and began to immediately deliver ROI to our business.”
-Top 20 Pharmaceutical customer
Much of Podium Data’s early success is attributed to its strong leadership team, which is led by visionary founders Paul Barth (CEO) and Steve Richards (COO), and comprised of recognized thought leaders and hands-on experts in big data technologies, data management and business intelligence. With decades of IT experience, the other founding team members —technologists Atif Majid, Michael Howard and Bob Vecchione—inherently understand and can innovatively address the most pressing issues faced by today’s business and IT leaders.
Podium Data will leverage the CommonAngels-led funding to build on its accomplishments of the past year, expand the company’s reach in target markets, and continue to deliver on its mission to help commercial enterprises and government organizations optimize the value of critical data assets.
“Podium Data significantly and cost-effectively advances the ability to make complex business data immediately useful to organizations. CEO Paul Barth is a well-regarded thought leader in big data and a successful serial entrepreneur. CommonAngels Ventures is thrilled to partner with him and the other co-founders in this new enterprise.”
--James Geshwiler, Managing Director, CommonAngels Ventures
About Podium Data
Podium Data is redefining the enterprise data management landscape. The company’s practical high-performance Podium platform continuously captures and integrates data from disparate sources. IT elevates its value contribution by unleashing data to business users who can now access and leverage information on demand. Podium’s proven big data technologies help organizations in all industry sectors optimize the value of their information assets by making trusted business data readily available to stakeholders across the enterprise. Visit http://www.podiumdata.com to learn about how Podium accelerates access to fundamental data, driving the analytics and insights required for dramatic impact.
Databox raised $3.7M in funding
Per SEC filing, Databox raised $3.7M in funding. READ MORE
Teradyne to Acquire Universal Robots
Teradyne has signed an agreement to purchase Universal Robots (UR), the world’s leading maker of collaborative robots (cobots), based in Odense, Denmark. Cobots are low-cost, easy-to-deploy, simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency. They automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts and are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.
Teradyne will provide revenue synergies, financial strength and global reach that will help accelerate Universal Robots growth. The acquisition provides Teradyne early access in an emerging market on the cusp of rapid growth. READ MORE
Rapid7 Acquires NT OBJECTives (NTO)
Rapid7, a leading provider of security data and analytics software and services, announced today that it has acquired NT OBJECTives (NTO), the web and mobile application security testing company, expanding Rapid7's Threat Exposure Management offering to further meet the needs of modern business infrastructures. NTO's application security testing solution - trusted by many Fortune 500 companies - analyzes web applications for security vulnerabilities and maximizes organizations' ability to effectively reduce IT security risk. Rapid7 is offering this technology under the name Rapid7 AppSpider, available immediately to customers.
The addition of the AppSpider suite to Rapid7's Threat Exposure Management solutions provides information security teams with the ability to assess risk in assets and applications in their environments. This is combined with analytics to identify the most impactful actions that can reduce IT security risk. This approach enables users to make decisions based on business context and threat validation through automated attack simulation. READ MORE
PTC to Acquire ColdLight
LiveWorx 2015. It’s On! – PTC (Nasdaq: PTC) today announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics, for approximately $105 million. The acquisition of ColdLight’s Neuron automated predictive analytics platform will enrich PTC’s technology portfolio and extend PTC’s position as a leader in the Internet of Things (IoT) market.
ColdLight will serve as PTC’s core data analytics platform to deliver new value to markets both companies serve today – manufacturing, healthcare, media and retail – as well drive growth across new markets. When combined with PTC’s ThingWorx® IoT platform, ColdLight’s Neuron will automate the analysis of data from things to address a range of important challenges. These challenges include detecting failure patterns from data, modeling correlations, predicting failures, prescribing remedies and prioritizing recommendations against cost constraints. ColdLight’s Neuron platform addresses these challenges by using artificial intelligence and machine learning technology to automatically and continuously learn from data, discover patterns, build validated predictive models and send information to virtually any type of application or technology. READ MORE
Cintell Raises $800K in Seed Funding
Saas Startup Expands Team, Opens New Office In Downtown Boston, Launches Private Beta, And Announces Hiring Plans
Cintell, a customer intelligence platform used by companies to better understand their buyers, today announced that it has closed $800,000 in a Seed round of financing. The round was led by angel investor and entrepreneur Venkat Janapareddy, whose startup Gozaik was acquired by Monster Worldwide. The financing will be used to fuel product development, hiring, and user acquisition as the company continues to execute on an aggressive roadmap of planned features and functionality.
The announcement comes shortly after the company formally revealed its plans to bring buyer personas and customer intelligence to the cloud in early 2015. In that time, the team has expended to seven cross-functional individuals including a team of engineering resources and CTO, Data Scientist Shyam Vaidhyanathan to oversee technology operations. The company has also added marketing consultant Samantha Stone as an advisor to help Cintell clients formulate successful buyer intelligence strategies.
Cintell has also opened a downtown Boston office location, and earned local traction as finalists for Boston’s Best Startup award from Tech in Motion and the Babson B.E.T.A. (Babson Entrepreneurial Thought and Action®) Challenge. It also today announced open positions in customer success and engineering in Boston. More detail on career opportunities can be found at www.cintell.net/jobs
“The ability to continually understand buyers in ever-changing markets is such an important pressure facing B2B organizations today,” said Richard April, SVP of Marketing at Repsly. “This funding puts Cintell in a great position to disrupt the marketing technology space by giving marketers the tools to address this issue.”
The Cintell customer intelligence platform is currently being tested by customers in a private, invite-only beta. To request an invitation as either an end-user company or marketing agency, please visit http://cintell.net/beta-request
Swirl Closes $18 Million Investment
Swirl Networks, Inc., provider of the leading proximity-based indoor mobile marketing platform, announced today that it has raised $18 million in equity financing from Hearst Ventures, SoftBank Capital, Twitter Ventures and other strategic investors. Venture capital firm Longworth Venture Partners also participated in the round. The Series C round brings Swirl’s total funding to date to $32 million. The new capital will be used to expand Swirl’s sales and marketing operations and to fuel aggressive investment in product innovation to meet accelerating demand from major retailers and brand advertisers for beacon-powered indoor mobile advertising. Leading companies including Lord & Taylor, Hudson’s Bay, Urban Outfitters, Marriott, Alex and Ani, and Timberland use the Swirl platform.
According to BI Intelligence, beacons will be deployed by 85 percent of the top 100 U.S. retailers by the end of 2016 and beacon marketing will influence $44B in retail sales. By leveraging Bluetooth Low Energy and Apple’s iBeacon™ technologies, the Swirl platform helps retailers and brands deliver highly relevant digital content and offers to consumers’ smartphones while they shop in specific areas of a store. A recent consumer study by Swirl found that 73 percent of shoppers who received beacon-triggered content were more likely to make a purchase during their store visit. Swirl in-store mobile marketing campaigns are already generating strong results, with 60 percent of shoppers opening and engaging with beacon-triggered content and 30 percent redeeming relevant offers at the point of purchase. READ MORE
Deep Secures $8 Million in Series A Round
Deep Information Sciences, the company that reinvented database science for the Big Data age, today announced it has closed $8 million in Series A funding. The round, led by notable investment firms Sigma Prime Ventures and Stage 1 Ventures, and including AlphaPrime Ventures, brings the total invested in Deep to $18 million. The monies will be used to build out Deep’s sales, marketing and development capabilities as the company goes to market with Deep Engine, the first adaptive plug-and-play solution that transforms any database into a Big Data solution.
“Deep was founded to address the well-known problem that, no matter how you try to optimize them, existing databases don’t have anywhere near the performance, scale and agility needed for the emerging Big Data world,” said Les Yetton, CEO, Deep Information Sciences. “We’re extremely pleased that Sigma Prime, Stage 1 and AlphaPrime, all premier technology investors, believe in the unique approach Deep is taking to resolve this problem and our ability to execute on our vision.” READ MORE
Courion Announces Strategic Equity Investment
Courion®, the market leading provider of intelligent identity governance and administration (IGA) solutions, today announced continued market momentum with a strategic equity investment from K1 Investment Management and key customer wins in the first quarter of 2015.
In the first quarter of 2015, total bookings grew 21 percent year-over-year. Key first quarter wins include organizations from a variety of industries such as financial services, manufacturing, education and healthcare. Security-conscious organizations increasingly select Courion over competing offerings because they recognize the value of an IGA solution enhanced with identity analytics and intelligence (IAI). Courion intelligent IGA solutions leverage the application of risk analytics to big data to dramatically improve how IT staff create, manage and terminate access rights for resources and how they identify and eliminate access risk. This enables Courion customers to improve service agility and maintain compliance on a continuous basis, streamlining audits and reducing IT costs. READ MORE
Bedrock Data Raises $3.1M Series A
As reported by BostInno Bedrock Data, an integration and data management platform founded by HubSpot Vets, has raised $3.1 million in Series A Funding. READ MORE
Utilidata Raises Funding
UtiliData, Inc., a leading supplier of voltage optimization products for the electric grid, has completed a round of financing led by Braemar Energy Ventures. The financing will accelerate the advancement and expansion of the company’s AdaptiVolt™ Volt/VAR Optimization product, which allows utilities and large industrial companies to realize significant energy efficiency gains as well as improved reliability. The funding comes in the wake of the successful AdaptiVolt™ system performances in major utilities across North America, where it has demonstrated operational excellence, along with robust, measurable results...READ MORE
Utilidata Raises $20M in Series B Funding
Utilidata, Inc., a leading supplier of voltage optimization and digital automation systems for the electric utility industry, today announced that it has secured more than $20 million in Series B financing. Formation 8 Partners and Saudi Aramco Energy Ventures (‘SAEV’) led the round and were joined by existing investors Braemar Energy Ventures and American Electric Power – one of the nation’s largest utilities. The funding will allow Utilidata to bring new advances and innovation related to digital automation, voltage optimization, and systems management to market, and further expands its presence in North America, Asia and the Middle East. Formation 8 founder Jim Kim will join Utilidata’s board of directors...READ MORE
Next Step Living Raises $18.2M in Series C Funding
Next Step Living, Inc., a leader in residential energy efficiency and renewable energy, has raised $18.2 million in a Series C financing. New investor VantagePoint Capital Partners led the round. Existing investors, including Black Coral Capital and Mass Green Energy Fund, also participated in the round, which remains open.
The financing allows Next Step Living to expand its geographic base and thus serve homeowners in Connecticut, Maryland, and other states on the Atlantic Coast. To date, Next Step Living has primarily conducted its operations in Massachusetts...READ MORE
Sqrrl Secures $7M Series B financing
Sqrrl, the Big Data Analytics company that develops software to uncover hidden patterns, trends, and links in data, has announced the launch of Sqrrl Enterprise 2.0. The release of Sqrrl Enterprise 2.0 coincides with securing $7M of Series B financing, led by Rally Ventures and with participation by existing investors, Atlas Venture and Matrix Partners.
“Sqrrl is at the intersection of two of the most important trends facing the enterprise: cybersecurity and Big Data,” says new Sqrrl investor, Zenas Hutcheson of Rally Ventures. “Sqrrl’s technology can help both Fortune 1000 companies and government agencies prevent themselves from becoming the next cyber incident headline story.” READ MORE
RapidMiner Raises $15M in Funding
RapidMiner, the industry’s easiest-to-use Modern Analytics platform, today announced it closed $15 million in Series B investment led by Ascent Venture Partners and Longworth Venture Partners, with renewed commitment from Series A investors, Earlybird Venture Capital and Open Ocean Capital. This brings the total investment in RapidMiner to $20 million. The new capital will enable RapidMiner to execute on aggressive growth plans as the company furthers its global agenda to bring self-service advanced analytics to next-generation data scientists.
“The Big Data rush is here today, and companies that can quickly and efficiently capitalize on this will emerge leaders,” shared Luke Burns, partner at Ascent Venture Partners. “RapidMiner’s code-free advanced analytics platform puts the power of modern analytics into the hands of business analysts and data scientists, optimizing productivity and making it easier for anyone to use predictive analytics.” READ MORE
MediSafe Raises $6 Million
MediSafe™, the leading global medication management platform with over 1.3 million mobile downloads across iOS and Android smartphones and tablets, announced today that it has raised a $6 million Series A Round led by Pitango Venture Capital. Others participating in the round include 7wire ventures, as well as investors from previous rounds, including lool Ventures, TriVentures and Eyal Gura.
MediSafe’s mobile-first approach involves creating personalized interventions to the major causes of non-adherence – forgetfulness, lack of support, emotional distress, information overload, low engagement, and rising medication costs. Through its platform, the company is enabling tighter care coordination between patients, caregivers or “MedFriends,” physicians, and other providers. READ MORE
Dun & Bradstreet Acquires NetProspex
Dun & Bradstreet (NYSE: DNB), the world's leading source of commercial information and insight on businesses, today announced that it has acquired NetProspex, the Massachusetts-based company that is a leader in B2B professional contact data and data management. The acquisition combines NetProspex's comprehensive professional contact database with Dun & Bradstreet's proprietary global business data and analytics.
"Dun & Bradstreet already provides our customers and partners the most comprehensive view of companies around the world, and now our customers can reach the largest, most accurate set of decision makers and decision influencers," said Bob Carrigan, president and chief executive officer and director of Dun & Bradstreet. "This acquisition fills a growing need for marketers by providing an actionable view of companies and the people who run them, putting quality relationship insight at the center of their marketing data strategy." READ MORE