Data Mgmt / Business Intelligence

Wellframe raises $1.5M in funding

Wellframe, a Boston-based company that combines mobile technology and artificial intelligence to amplify caring clinical relationships by engaging patients in personalized care plans, today announced that the company has secured $1.5M in seed funding from leading entrepreneurs and investors. These include, among others, athenahealth CEO, Jonathan Bush, Founder and Managing Director of Draper Fisher Jurvetson, Tim Draper, President of the British Medical Association, Sir Sabaratnam Arulkumaran, Former Global Managing Director at Accenture, Russ Nash, Venture Partner at Fidelity Biosciences, Carl Byers and Founder and Managing Partner, Leerink Capital Partners, James Nahirny. Wellframe was also a member company of Rock Health's fourth class.  READ MORE

Morningstar acquires ByAllAccounts

Morningstar, Inc. (NASDAQ: MORN), a leading provider of independent investment research, today acquired ByAllAccounts, Inc., a provider of innovative data aggregation technology for financial applications.
ByAllAccounts uses a knowledge-based process, including patented artificial intelligence technology, to collect, consolidate, and enrich financial account data and deliver it to virtually any platform. The company has built a network of more than 2,100 clients, 4,300 custodians, and 40 platform and service providers. Clients include independent financial advisors, asset managers, wealth managers/family offices, trust companies, and broker-dealers. Currently, more than $730 billion in assets move daily through the ByAllAccounts aggregation engine. READ MORE

Actifio raises $100M in funding

Actifio, the copy data virtualization company, today announced it has secured an oversubscribed $100M funding round led by Tiger Global Management, LLC, with participation from current investors North Bridge, Greylock IL, Advanced Technology Ventures, Andreessen Horowitz, and Technology Crossover Ventures. Actifio will use the funds to accelerate expansion of market coverage, global brand development, and product feature enhancements in the world’s leading data management solution for virtualized and Cloud IT architectures.


“From the start we have focused on building the next great technology brand with a singular focus on delighting our customers with revolutionary technology, enterprise-class service, and transformative business results,” said Ash Ashutosh, Founder and CEO, Actifio. “Having shone a light on the $46 Billion global copy data problem, we will use this funding round to expand our copy data virtualization solution across the Global 2000; enable our cloud service provider partners to build thriving businesses powered by Actifio.. READ MORE


Localytics raises $16M in funding

Localytics (, provider of the most powerful analytics and marketing platform for mobile and web apps, announced today it has raised $16M in Series C financing led by new investor Foundation Capital. Existing investor, Polaris Partners, also participated in this round. Localytics will use the new funding to accelerate investments in product development, sales and customer service, and to fuel international expansion. The new financing brings total capital raised to $25M.

The new financing comes on the heels of a record-breaking year for Localytics during which it tripled revenues for the fifth straight year. In 2013, Localytics grew its customer base significantly, with new customers such as ESPN, Clear Channel and SoundCloud joining its already broad customer base that includes industry leaders such as eBay, Fox and Microsoft. The company also opened offices in San Francisco and London. Localytics is now used by more than 5,000 companies, and is installed in over 1.4 billion devices across the globe.   READ MORE

VoltDB raises $8M in funding

VoltDB today announced that it has closed $8 million in Series B funding. The round was led by a Silicon Valley luminary with participation from two additional independent investors as well as existing stakeholders Sigma Partners and Kepha Partners. This funding represents the first in a succession of strategic developments to be announced which bolster VoltDB’s ability to support next-generation “smart” applications that tap Big Data and the Internet of Things.

With more than 400 commercial customers and a highly differentiated product proven in mission critical applications, VoltDB will use the funds to accelerate sales and marketing as well as global expansion.  VoltDB’s “no compromise” design gives customers the world’s most powerful platform with unparalleled speed and capacity to process, analyze and make decisions on massive amounts of incoming data in real-time (milliseconds). VoltDB’s customers use the company’s unique in-memory architecture to power everything from mission critical enterprise applications, transportation systems and electricity management, to mobile and advertising networks.  READ MORE

Spotify acquires The Echo Nest

Spotify today announced that it will acquire the industry’s leading music intelligence company, The Echo Nest. The acquisition supports Spotify’s strategy to grow global music consumption and overall revenue back to the music industry by building the best user experience and music discovery engine for millions of global fans.

This deal will allow Spotify to leverage The Echo Nest’s in depth musical understanding and tools for curation to drive music discovery for millions of users around the globe. The addition of The Echo Nest to Spotify will also strengthen Spotify’s ability to help brands and partners build amazing music experiences for their audiences.   READ MORE

Quanttus raises $22M in funding

Quanttus today announced that it secured $19 million in Series A financing from Khosla Ventures and Matrix Partners. This follows a previous $3 million seed financing led by Vinod Khosla of Khosla Ventures. Quanttus will use this investment to further develop breakthroughs in clinical-grade vital signs monitoring and advances in contextual analysis to create wearable technologies that, for the first time, help people proactively understand their bodies and improve their health.  READ MORE

Veveo acquired by Rovi

Rovi Corporation (NASDAQ: ROVI), a global leader in entertainment discovery, today announced it has entered into a definitive agreement to acquire Veveo, Inc., a provider of intuitive and personalized entertainment discovery solutions based in Andover, Massachusetts.  Under the terms of the agreement, Rovi will pay approximately $62 million in net cash at the closing and up to $7 million in additional cash payments based on achievement of certain agreed-upon milestones.   READ MORE

NuoDB raises $14.2M in funding

NuoDB, Inc., the leader in distributed database technology, announced today that it has closed a new round of investment. In addition to existing investors, Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, has made an investment in the company. 

Also participating in the round are NuoDB’s existing investors including Morgenthaler Ventures, Hummer Winblad Venture Partners, and Longworth Venture Partners. This latest round is $14.2 million, bringing the total investment in NuoDB to $26.2 million.  READ MORE

Cloudant acquired by IBM

IBM (NYSE:IBM) today announced a definitive agreement to acquire Boston, MA-based Cloudant, Inc., a privately held database-as-a-service (DBaaS) provider that enables developers to easily and quickly create next generation mobile and web apps.   Cloudant will extend IBM's Big Data and Analytics, Cloud Computing and Mobile offerings by further helping clients take advantage of these key growth initiatives. Financial terms were not disclosed.  READ MORE

Nanigans acquired LoopIt

As reported by the Boston Business Journal, Nanigans has acquired LoopIt, which received funding from Redstar Ventures and Avalon Ventures.  LoopIt is a 1-to-1 conversation engine that lets consumers easily tap their friends across social networks for advice and opinions at every step of their purchase path, from discovery to point-of-purchase and beyond, to make the experience of shopping online more fun.  READ MORE

Kensho raises $10M in funding

Kensho, a pioneer in cloud-based intelligent computer systems capable of answering complex financial and market research questions posed in natural language, today announced that it has secured $10 million in seed funding. Investors from General Catalyst, NEA, Accel Partners, Google Ventures, Devonshire Investors (the private equity arm affiliated with Fidelity Investments), and other VCs participated. ‘Warren,’ the company’s groundbreaking virtual market research assistant, is currently being tested by a select set of asset managers and research teams. READ MORE

Knome raises $13M in funding

Knome, Inc. announced that it has successfully closed a $13 Million financing round led by current investors. The funds will be used to promote growth and expansion of its genomic services and software systems businesses.

Since 2007, Knome, based in Cambridge, Massachusetts, has been a pioneer in the fast growing business of interpretation of next generation sequencing (NGS) genomic data. The company has used its bioinformatics expertise and proprietary technology platform across more than 130 projects for biopharmaceutical companies and academic institutions.  READ MORE

On the Spot Systems acquired by Press Ganey

Press Ganey, the leading patient experience improvement firm, today announced the acquisition of On The Spot Systems®, a point-of-care survey technology firm that enables organizations to capture real-time patient feedback. The acquisition advances Press Ganey’s Patient Voice™ portfolio for health care organizations by adding Point of Care to existing modes of mail, phone and eSurvey. Point of Care expands feedback via any tablet or mobile device enabling providers to improve patient engagement across the continuum of care.  READ MORE

Mobee acquires Kickscout

As reported by TechCrunch Kickscout has been acquired by Mobee.  Kickscout's founder, Michael Sheeley (RunKeeper Co-Founder) will be joining the company as their Chief Product Officer.  Mobee is a real-time store intelligence platform.  They collect data from customers at stores, analyze it, and package it into insights that improve businesses.  READ MORE

Trinity Pharma Solutions raises $15M in funding

We're excited to announce that Trinity has raised $15M in growth and expansion funding. The investment will enable Trinity to extend our solutions in response to strong demand for our cloud-based, big data healthcare analytics. Health Enterprise Partners (HEP), a New York-based growth equity firm focused on health care services and information technology companies, partnered with Trinity on the investment.  READ MORE

Curoverse raises $1.5M in funding

Curoverse announced today the company has raised $1.5 million to accelerate development of the Arvados free and open source software platform for genomic and biomedical big data and to deliver new products based on the platform.

Arvados is a computational storage platform designed for the biomedical industry. The first deployment of Arvados runs a private cloud with 300 TB of storage and 500 cores that is used for genomic analysis at the Harvard Personal Genome Project and for research work at Harvard Medical School.  READ MORE

FirstFuel Software raises $8.5M in funding

FirstFuel Software, the trusted source of energy use intelligence, announced today it has secured $8.5 million in Series B financing from new and existing investors, including E.ON SE, one of the world’s largest investor-owned utilities. Existing investors Battery Ventures, Rockport Capital and Nth Power also participated in the financing round. READ MORE

RapidMiner raises $5M in funding

RapidMiner, Inc., the de-facto industry standard for predictive analytics built on an open stack, today announced it closed a $5 million Series A funding round, led by Earlybird Venture Capital and Open Ocean Capital, which is backed by the founders of MySQL. The company will use the capital to expand domestic and international sales and marketing operations in response to expanding demand for its RapidMiner product, and develop additional products in RapidMiner's enterprise-ready predictive analytics product line. READ MORE

Nutonian raises $4M in funding

We're incredibly excited to announce that Nutonian has raised a $4M Series A round led by Atlas Venture. The funds will be used to further develop and commercialize Eureqa, the platform behind Nutonian. As Eureqa continues to advance, we are able to help you, our users, solve even more of your challenges. Eureqa's breakthrough technology in Symbolic Regression has already helped thousands of researchers answer some of their most challenging questions, and with this funding we can continue to bring our technology to more people and challenges.  READ MORE

Swirl raises $8M in funding

Swirl Networks, Inc. today announced that it closed a strategic $8 million investment round led by Hearst Ventures, a unit of Hearst Corporation, to fuel the expansion of its technology platform into the large-scale, multi-category retail market. Swirl is extending its proven mobile marketing and personalization capabilities from specialty apparel and fashion retailers to the largest big box and department stores to drive in-store sales, customer engagement and loyalty. The round includes repeat investments from SoftBank Capital, a unit of SoftBank Corp., and Longworth Venture Partners.  READ MORE

Logentries raises $10M in funding

Logentries, a new cloud-based service provider for collecting and analyzing huge quantities of machine-generated log data, has received $10 million in Series A financing and has named Andrew Burton as president and CEO. Unlike costly log management alternatives that require advanced technical skills to use, Logentries utilizes a unique collective intelligence model to transform otherwise difficult-to-consume log data into actionable business and operational insights. Logentries will use the funds to accelerate product development and aggressively drive a go-to-market strategy. The financing round was led by Polaris Partners, along with Floodgate, Frontline Ventures, and RRE Ventures. Floodgate is a new investor joining the other firms that provided $1 million seed money in 2012.  READ MORE

Pursway raises $7.2M in funding

Pursway, an innovator in big data marketing analytics, today announced it has closed a $7.2 million round of funding from existing investors, Battery Ventures and Globespan Capital Partners. The new investment will be used to expand the product and sales teams to support the increased demand in data-driven marketing technology. Pursway's software dramatically improves customer acquisition, cross-sell and retention by imprinting a social graph onto existing customer and prospect data, identifying actual relationships between buyers and empowering marketers to better target customers with demonstrated influence over others' purchasing decisions. READ MORE

SCVNGR / LevelUp raises $7.5M in funding

As per SEC filings, SCVNGR / LevelUp has raised $7.5M towards a potential $10M round of funding.  LevelUp is engineering a revolution in payments. Customers download the free LevelUp app and pay with their phone instead of cash or credit card. Customers love LevelUp because it’s fast, convenient and it rewards them for going back to their favorite places. On the business side, LevelUp is a payment network that eliminates credit card processing fees and provides fresh, effective customer loyalty tools.  READ MORE

Qstream raises $2.85M in funding

Qstream, a provider of mobile sales enablement and analytics for driving high-performance teams, has completed a $2.85 million Series A funding round, bringing the total amount raised to $4.4 million, including $1.55 million in seed funding. The financing was led by Frontline Ventures, and included early investor Launchpad Venture Group and several significant individual investors.

As part of the round, Shay Garvey, co-founder of Frontline Ventures, will join the Qstream board. The funds will be used to accelerate sales and marketing of the company’s acclaimed SaaS solution in North America and Europe.  READ MORE



Predilytics raises $4.5M in funding

Predilytics, the advanced predictive analytics company dedicated to answering healthcare's toughest questions, today announced that the company has secured additional funding from Foundation Medical Partners, and has added Andrew D. Firlik, MD, to the Board of Directors.

Foundation Medical Partners is a leading national, independent, healthcare technology venture capital investment firm. Formed in 2001, Foundation Medical Partners focuses on bringing together cutting edge healthcare expertise with deep company-building experience. The firm specializes in early-stage investments in healthcare IT, data-centric devices and connected health opportunities. In addition to its expertise and track record, Foundation brings the deep benefits of its strategic limited partnership with Cleveland Clinic to its technology and investing strategies. READ MORE

Stackdriver raises $10M in funding

Stackdriver, the provider of intelligent management for cloud-powered applications, today announced that it has closed a $10M round of Series B financing, led by Flybridge Capital Partners, with existing investor Bain Capital Ventures also participating.  In addition, the company announced the general availability of Stackdriver Intelligent Monitoring, a monitoring-as-a-service solution that uses advanced analytics to proactively identify performance issues and bottlenecks within distributed applications.   READ MORE

Locu acquired by GoDaddy for a reported $70M

From Locu's blog: At Locu, our mission is to help local businesses thrive by better connecting merchants with customers.  We’re happy to announce our next step in furthering this mission: Locu will be joining the GoDaddy family.

We’ve been close partners with GoDaddy since
earlier this year, and we’re excited to join them to continue building the best experience for local businesses to be found online.  As the world’s top platform for small businesses, GoDaddy brings unparalleled leadership and expertise for us to jointly transform the way small businesses use technology and to help them grow.  READ MORE

Akiban acquired by FoundationDB

Today we are excited to announce our acquisition of Akiban Technologies. This acquisition means that we will be able to provide true SQL capabilities on top of FoundationDB much earlier than we anticipated. When we were introduced to the Akiban team and technology it was easy to see the potential of a partnership—FoundationDB and Akiban have been pursuing different parts of the same vision for the past four years. It didn’t take long to realize that the best outcome would be if we could all work as a single team. I’m glad to say that in a very short time we’ve made that happen and our new expanded team is united on an amazing set of future products.  READ MORE

DataWatch acquires Panopticon Software AB

Datawatch Corporation, the leading global provider of information optimization solutions, has agreed to acquire Panopticon Software AB, a privately held Swedish company specializing in the delivery of real-time visual data discovery solutions. Under terms of the definitive agreement - unanimously approved by the Boards of Directors of both companies - Datawatch will acquire all outstanding shares of Panopticon in an all-stock transaction. Based upon the closing price of Datawatch common stock as of June 14, 2013, the deal is valued at approximately $31.4 million. Completion of the transaction is subject to the approval of the Datawatch stockholders, which is expected to occur during its fiscal fourth quarter ending September 30, 2013.  READ MORE