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Data Mgmt / Business Intelligence

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.

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.

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.

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.

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.

Decision Resources Group acquires Pinsonault

Decision Resources Group, one of the world’s leading research and advisory firms focusing on healthcare insights and analysis, announced today that it acquired Pinsonault, a leading provider in offering managed markets-specific business and training solutions to the pharmaceutical and biotech industries. The acquisition of Mt. Olive, NJ-based Pinsonault by Burlington, Mass.-based Decision Resources Group will result in a significant expansion of Decision Resources Group’s Market Access Business Unit which currently includes Fingertip Formulary, HealthLeaders-InterStudy and PharmaStrat.

VoltDB raises $590K in funding

As per SEC filings, VoltDB in Billerica, MA has raised $590K in funding.  Founded in 2009 by RDBMS pioneer Mike Stonebraker, VoltDB eliminates transactional performance and scalability barriers by delivering a breakthrough DBMS solution that combines in-memory processing, a shared-nothing scale-out architecture and unique high-availability operations

NuoDB raises $10M in funding

As per SEC filings, NuoDB in Cambridge, MA has raised $10M in funding.  NuoDB is a SQL database with 100% ACID semantics. Unlike existing SQL databases NuoDB delivers the key requirements for cloud-style environments, including dynamically adding or deleting nodes from a live system. NuoDB can also move live databases between datacenters, allocate unused remote machines to any database, maintain redundant disk-based copies of any database, run databases in hybrid cloud configurations and dynamically allocate databases to arbitrary groups of machines

GNS Healthcare raises $5M in funding

As per SEC filings, GNS Healthcare in Cambridge, MA has raised $5M in funding.  GNS Healthcare is a big data analytics company that has developed a scalable approach for the discovery of what works in healthcare, and for whom.

Their analytics solutions are being applied across the healthcare industry: from pharmaceutical and biotechnology companies, health plans, and hospitals, to integrated delivery systems, Pharmacy Benefits Managers (PBMs), and Accountable Care Organizations (ACOs). Whether your organization is delivering care or developing personalized therapies and diagnostics, GNS Healthcare can help you discover the knowledge you need to match patients with treatments that work.

Visible Technologies acquires Cymfony

Visible Technologies® today announced the acquisition of Cymfony, combining the two award winning social media analytics and insight solution providers. Cymfony and Visible customers benefit by gaining access to expanded solutions with far-reaching global capabilities. The new Visible will be led by Richard Pasewark, former President of Cymfony, who steps forward as the new CEO of Visible Technologies.

Tracelytics raises $5.2M in funding

As per their blog post, Tracelytics raised $5.2M in funding.  Tracelytics is a performance analysis and diagnostic service for web applications. Their technology traces requests as they travel through each component of an app's web infrastructure, resulting in intelligent, actionable insights that help pinpoint performance bottlenecks.

Bain Capital Ventures joins their existing investors Google Ventures, Battery Ventures, and Flybridge Capital Partners in backing Tracelytics.

LeapFrogRx acquired by Model N

Model N, Inc., the leader in Revenue Management, today announced the immediate availability of a powerful Business Intelligence (BI) offering, Revenue Management Intelligence, targeted at Life Sciences and High Tech manufacturers. The offering includes a new set of cloud-based BI applications that aligns Sales and Marketing spend with market-driven revenue outcomes coupled with comprehensive internal and external market data capabilities and services.

As part of the launch, Model N also announced the acquisition of LeapFrogRx, a pioneer and emerging leader in industry BI solutions for Pharma and Biotech. Founded in 2002, LeapFrogRx has strong capabilities in Brand Marketing, Sales Performance and Managed Markets; syndicated market data aggregation and delivery; cloud-based analytical software applications; and strategic analytic consulting services. LeapFrogRx marquee customers include multiple top 50 specialty and biopharma franchises and blockbuster brands.

FirstFuel raises $10M in funding

FirstFuel Software, the commercial building energy analytics company, today announced the closing of a $10 million round of financing. RockPort Capital led the round and was joined by existing investors Nth Power and Battery Ventures. The investment will support FirstFuel’s rapid expansion in the utility and government markets, and will accelerate product development efforts to expand the capabilities of its Rapid Building Assessment (RBA) platform. The RBA platform provides best in class analytics that deliver large scale operational energy efficiency and retrofit opportunities across commercial building portfolios.

Bluefin Labs raises $12M

Social TV analytics company Bluefin Labs today announced it has raised $12 million in a Series B round led by Time Warner Investments with participation from new investor SoftBank Capital and return investors Redpoint Ventures and Lerer Ventures.

Bluefin Labs first introduced its analytics service through a private pilot program in May 2011, and followed quickly in July 2011 with the launch of its flagship product, Bluefin Signals. Bluefin Signals is an analytics platform that analyzes and organizes social media conversations about US national television. Clients of Bluefin Signals leverage social data about TV shows and commercials to inform the buying and selling of TV media. Clients are a mix of television networks, marketers and agencies including CBS, Fox, Discovery Communications, MediaCom, MTV Networks, Starcom MediaVest Group and many more.

Physicians Interactive raises $8.5M in funding

Physicians Interactive Holdings, Inc. the leading provider of mobile and web-based clinical resources and solutions for healthcare professionals, today announced it entered into an agreement with Merck Global Health Innovation Fund, LLC (“GHIF”) to invest up to $17 million in the Company. The financing includes an initial investment of $8.5 million and potential future investments of up to $8.5 million contingent upon achieving certain pre-specified milestones. The proceeds will be used to fund the growth initiatives of four key products and other initiatives as identified by the Board. Physicians Interactive Holdings was identified by GHIF as being on the forefront of healthcare innovation, and the investment is part of the fund’s strategy to help nurture leading global healthcare solutions.

Expressor increases round of funding to $6M

As per SEC flilings, Expressor Software in Burlington, MA has increased a previously round of funding ($4.5M) to $6M.  Expressor Software is an enterprise class data integration product company.

Cloudant raises $2M in funding

As per SEC filings, Cloudant in Boston, MA has raised $2M in funding.  Founded in Cambridge, MA by three MIT PhDs, Cloudant provides a hosted, distributed database and data analytics platform for the cloud. Cloudant's data platform is based on the open source Apache CouchDB project and designed from the ground up for distributed environments and cloud computing.

Retroficiency raises $3.32M in funding

Retroficiency, provider of the on-demand Building Efficiency Intelligence (BEI) platform, today announced that it secured a $3.32 million initial round of financing led by Point Judith Capital, an early stage venture capital firm with deep expertise helping companies in the clean technology ecosystem, and angel investors. As part of the transaction, Retroficiency is acquiring the energy efficiency division (known as Clean Energy Solutions or CES) of Nexamp, a leading independent power producer of distributed and utility-scale solar projects.

Objective Logistics raises $1.5M in funding

Objective Logistics, developers of software to improve daily restaurant experiences, today announced it has raised a $1.5 million round led by Atlas Venture and Google Ventures. NextView Ventures, Canary Ventures and other individual investors also participated in the round. The funding will be used to further develop and commercialize the company’s software.

The software, MUSE, uses sophisticated algorithms to analyze all of the data produced during a given day’s business and provides restaurant owners with insight into their staff’s performance, allowing them to make changes to enhance customer satisfaction as well as increase traffic and engagement.

Selventa raises $5M in funding

As per SEC filings, Selventa in Cambridge, MA has raised $5M in funding. 

Founded in 2002 and privately-held, Selventa helps clients find optimal treatments for the right patients by offering scientific consulting services, software and strategic partnerships. The company analyzes molecular patient data, accelerates the development process and clarifies therapeutics and diagnostics decisions. Selventa engages in short-, mid- and long-term relationships with top-tier pharmaceutical and life science companies to develop new therapeutics and mechanistic biomarkers in the areas of oncology, metabolic disorders, cardiovascular diseases, inflammation and drug safety.

Kyruus raises $3M in funding

As per SEC filings, Kyruus in Boston, MA has raised $3M in funding.  Kyruus, Inc. is a data-driven healthcare company developing solutions for facilitating transparent physician engagements.  Kyruus also announced a $5.5M round of funding in June.

Tracelytics raises $600K in funding

As reported by TechCrunch, Tracelytics in Providence, RI has raised $600K in funding.  Investors in this round include Google Ventures, Battery Ventures, and Flybridge Capital Partners.  Travelytics in an application performance and analytics solution provier.  The Tracelytics solution is a SaaS-based application performance management (APM) tool that’s used to provide visibility into complex, distributed Web applications written in PHP, Ruby or Python.

Powerhouse Dynamics raises $3M in funding

As reported by Mass High Tech, Powerhouse Dynamics in Newton, MA has raised $3M in funding.  The round of funding was led by Ireland based SOS Ventures.  Previous investors, including CommonAngels, also participated in the round.  Powerhouse Dynamics’ eMonitorTM is the first intelligent small commercial energy management solution designed to monitor all uses and sources of energy and deliver cost-effective controls.

Hadapt raises $8M in funding

Hadapt, creator of the first big data platform to integrate Hadoop with a structured data store to allow for high performance analytics across both structured and unstructured data, today announced that it has closed a $9.5 million Series A round of financing led by Norwest Venture Partners (NVP) and Bessemer Venture Partners. Matthew Howard, general partner at NVP, and Felda Hardymon, partner at Bessemer, have joined Hadapt’s Board of Directors.

Ginger.io raises $1.7M in funding

As per their recent blog post, Ginger.io announced a round of seed funding totaling $1.7M.  Ginger.io is a behavior analytics company that uses a proprietary mobile sensing platform to model patient behavior for different health conditions and symptoms.

The round was led by True Ventures.  Participation also included west coast investors Mitch Kapor at Kapor Capital (Lotus 1-2-3), James Joaquin (XMarks, Pixable), and Ty Curry (Managing Partner at ZS Associates). Notable East coast investors include Romulus Capital (seed investor in MIT/Harvard startups), Walt Winshall (PatientsLikeMe, AgaMatrix), Bill Warner (Avid, Wildfire), Ari Buchler (General Counsel for Phase Forward), ENIAC Ventures (mobile seed fund in NY), Launch Capital (seed stage mobile and health startups), and Techstars (startup accelerator program).

Humedica increases round of funding to $23M

As per SEC filings, Humedica in Boston has increase a recent round of funding (back in April) from $20M to $23M.  Humedica is a next-generation clinical informatics company that provides novel business intelligence solutions to the health care industry.

Oracle acquires Endeca for $1.1B
Oracle today announced that it has entered into an agreement to acquire Endeca Technologies, Inc., a leading provider of unstructured data management, web commerce and business intelligence solutions. A privately-held company based in Cambridge, Massachusetts, Endeca provides powerful and highly intuitive products that help companies analyze unstructured data, gain better business intelligence, and deliver a superior customer experience.
Incentive Targeting raises $1.63M in funding

According to SEC filings, Incentive Targeting has raised $1.63M of a planned $4.5M round of funding. 

Incentive Targeting is a startup based in Cambridge that provides a self-service web-based application to create, manage, and measure behaviorally targeted promotions across a growing network of grocery retailers.  Incentive Targeting helps brands and chains collaborate around shopper insights with its industry-leading analytics tools, and provides the ability fo marketing managers to target shoppers and create promotions in minutes instead of weeks or months.

Visible Measures raises $13M in Series D funding

September 22, 2011: Visible Measures, the analytics and advertising platform for social video, announced today that it has secured a Series D round of financing of $13 million, led by DAG Ventures with participation from new strategic partner Advance Publications, Inc., owners of Condé Nast, along with participation from existing investors General Catalyst Partners, Mohr Davidow Ventures, and Northgate Capital. Visible Measures has raised over $45 million in total financing to date. The new round of financing will help accelerate the growth of the company’s industry-leading platform for social video analytics and advertising. This round of funding includes a previously documented round of funding back in April 2011 for $7.7M.

FirstFuel Software raises $2.4M in funding

September 22, 2011: FirstFuel Software, the commercial building energy analytics company, today announced that it secured a $2.4 million initial round of financing led by Battery Ventures and Nth Power, with participation from individual investors. The company, formerly called iblogix, Inc., will use the financing to quickly scale and accelerate adoption of its Rapid Building Assessment (RBA) platform, which provides zero-touch analysis of the energy performance of commercial buildings.