Data Mgmt / Business Intelligence
DataGravity Closes $50 Million Series C Round
DataGravity, creator of the first data-aware storage platform, today announced that it has raised $50 million in a series C investment round led by Silicon Valley venture capital firm Accel Partners. Previous investors Andreessen Horowitz, CRV and General Catalyst Partners also provided strong support in the round. The company will use this investment to accelerate product development, expand upon its go-to-market strategy and support customers’ technology and service needs in their pursuit of data insights that propel business forward. The series C round brings total investments in DataGravity to $92 million.
The funding comes at the end of a capstone year in which DataGravity launched the industry’s first data-aware storage platform, the DataGravity Discovery Series. DataGravity was built on the belief that storage should do more than just store data. The Discovery Series, introduced in August and shipped in October 2014, combines primary storage, data protection, data governance, and search and discovery into an integrated appliance that makes businesses more successful by uncovering data insights that were previously inaccessible. DataGravity customers can better understand their data and streamline data management, reduce business risk and increase user productivity. READ MORE
InsightSquared Closes $13.5M
InsightSquared Inc. raised $13.5 million for what founder Fred Shilmover calls "affordable business intelligence"--software to help small and medium-size businesses analyze their sales and marketing data for answers to questions that are hard to answer given currently available software.
The Series C round comes from current investors Atlas Venture, Draper Fisher Jurvetson and NextView Ventures along with a new investor, Two Sigma Ventures. READ MORE
Learn more about InsightSquared on their BIZZpage
Cazena Raises $8 Million In Series A Funding
BIG DATA STARTUP CAZENA RAISES $8 MILLION IN SERIES A FUNDING LED BY ANDREESSEN HOROWITZ & NORTH BRIDGE VENTURE PARTNERS
Cazena today announced it has assembled a team of technology luminaries to take on the next challenge in big data. To execute its vision, Cazena has raised $8 million in Series A funding led by Andreessen Horowitz and North Bridge Venture Partners.
Cazena was founded by former leaders from Netezza where the team pioneered big data appliances. Netezza was acquired by IBM in 2010 for $1.7 billion. “We are thrilled to announce Cazena and our investors,” said Prat Moghe, founder and CEO of Cazena. Moghe was previously senior vice president at Netezza, where he launched the latest generation of its market-leading appliance and brings a wealth of experience in the space. “Today big data is too hard and too slow. It takes months to implement enterprise big data infrastructure, and millions of dollars of on-going annual investment of resources that do not scale with growing data.” READ MORE
Quantopian Raises $15M in Funding
Algorithmic investing platform, Quantopian announced today that it has secured $15 million in Series B financing from lead investor Bessemer Venture Partners (BVP), with returning top-tier investors, Khosla Ventures, Spark Capital, and Wicklow Capital also participating. With this round of funding, the company will develop the Quantopian Managers Program - a hedge fund that allocates capital to the top-performing quants in the community.
As part of the funding, BVP partner Rob Stavis will join the board of directors. “Quantopian is the premier developer platform for algorithmic trading across various security types and has an unparalleled community of top algorithmic and financial talent,” said partner, Rob Stavis. “We are excited to work with Quantopian to create a new category in asset management. For Bessemer, it’s an exciting business that exists at the intersection of two areas of investment interest: disruptive asset management and platforms for software developers...READ MORE
Nara Logics Raises $6m In Series A-2 Financing
Nara Logics, Inc., a Cambridge, MA-based artificial intelligence company focused on turning big data into smart data, raised $6m in Series A-2 financing round.
The round was led by .406 Ventures with participation from existing investors including Peter de Roetth, president of Account Management LLC. In conjunction with the funding, Larry Begley from .406 Ventures will join Nara Logics’ Board of Directors while neuroscientist Mriganka Sur will join Nara’s advisory board. READ MORE
EverTrue Raises $8M Series B
EverTrue (www.evertrue.com), a social donor management platform, today announced $8Min Series B funding led by Bain Capital Ventures, with participation from Silicon Valley Bank. This latest round of funding brings the company's total financing to $14.5M. EverTrue plans to use the capital to support further investments in engineering, data science and customer success.
TechStars Boston alumnus and MassChallenge winner EverTrue works with more than 250 organizations, including leading higher education institutions and independent schools. Powered by social networks including LinkedIn and Facebook, the EverTrue platform provides real-time intelligence to support donor identification and prospect management... READ MORE
Teradata Acquires Hadapt
On July 17th, Teradata acquired assets of Hadapt, including experienced big data technologists and intellectual property...
From Hadapt, Teradata has gained an experienced engineering team with deep big data knowledge that will be leveraged to enhance and move forward the Teradata Unified Data Architecture. READ MORE
Luminoso Lands $6.5M In Series A
As reported by TechCrunch Luminoso has raised $6.5 Million in Series A Funding. Luminoso is a Text analytics and understanding company spun out of the MIT Media Lab. READ MORE
Gartner Acquires Senexx
Gartner, Inc. (NYSE: IT), the leading provider of research and analysis on the global information technology industry, today announced that it has acquired Senexx, a cloud-based questions and answers platform that identifies and manages expertise within organizations.
Gartner will leverage Senexx’s proven expertise to significantly enhance its web search capability and augment its content recommendation engine and proprietary social platforms. This will further strengthen the overall value Gartner provides to its clients worldwide and is consistent with the Company’s strategy to continuously improve the quality of its products and the service it delivers. READ MORE
RapidMiner has Acquired Radoop
As reported by TechCrunch, RapidMiner has acquired Radoop. RapidMiner is a big data, analytics platform company based in Cambridge, MA... READ MORE
Luminoso Raises $1.5M in Funding
As per SEC filings, Luminoso in Cambridge, MA has raised $1.5M in funding. The round of funding was led by local angel investor, George Kassabgi. Luminoso is a text analytics and understanding company spun out of the MIT Media Lab. READ MORE
Swipely Raises $20M in Funding
Swipely, a Providence, RI-based platform for merchants to understand customers and grow sales, completed a $20m Series C round of financing.
The round was led by Pritzker Group Venture Capital, with participation from existing investors First Round Capital, Index Ventures and Shasta Ventures... READ MORE
Tamr, Inc. Announces More Than $16 Million in Financing
Tamr, Inc., of Cambridge, Mass., a new company founded by big-data serial entrepreneurs Andy Palmer and Michael Stonebraker, today unveiled software that dramatically reduces the time-to-value for enterprises that want to exploit all their data. The announcement was made at the DataBeat 2014 conference, which runs May 19-20 in San Francisco.
The company also announced today that it has received more than $16 million in financing led by Google Ventures and New Enterprise Associates (NEA). Rich Miner of Google Ventures and Peter Barris from NEA have joined Tamr’s board of directors. They join database pioneer Jerry Held, who is chairman of the board, alongside Andy Palmer and Michael Stonebraker. READ MORE
QPID HEALTH SECURES $12.3M SERIES B FUNDING
QPID Health, which has committed to bringing clinical intelligence to healthcare providers to improve outcomes and lower costs, today announced a $12.3M Series B round of funding led by New York City-based New Leaf Venture Partners. The company will use the investment to meet the market demand for its clinical intelligence solution, which promotes cost-effective and high quality patient care by making it easy for clinicians get access to patient data stored in electronic health records (EHRs) and other backend data repositories. The QPID software, which sits on top of virtually any EHR, has proven that it can generate a strong ROI for hospitals and physician practices. QPID Health welcomes New Leaf’s Managing Director Philippe Chambon to its board of directors.
Today’s investment enables QPID to accelerate the growth of the company and support wider use of its proven software solution in leading hospitals and healthcare systems in the U.S. Current customers include Massachusetts General and Brigham & Women’s Hospitals as well as other members of the Partners HealthCare system. Implementations in other leading medical centers across the country are under way. READ MORE
Profitect Announces Motorola Solutions Investment
Profitect, a profit amplification solutions provider, announced today an investment by Motorola Solutions, Inc. (NYSE: MSI) through its strategic investment arm, Motorola Solutions Venture Capital. This investment will be used to further Profitect's global growth in the world of data analytics.
"Profitect has a compelling retail-specific pattern-seeking analytics platform that provides highly actionable information from the vast amount of data being collected from stores today," said Reese Schroeder, managing director, Motorola Solutions Venture Capital. "The Profitect solution provides data to retailers that allow associates to take immediate, guided action to resolve problems that impact shoppers and profits." READ MORE
DataXu Acquires JasperLabs
Today, JasperLabs, the dynamic creative optimization (DCO) company I founded three years ago, was acquired by DataXu. Before I had even met the DataXu team, I used to reference a nice DataXu study in which it’s shown that creative is one of the most significant drivers of campaign performance. So as you can imagine, I’m extremely excited to have JasperLabs technology become part of the DataXu programmatic marketing stack...Read More
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 (www.localytics.com), 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