Boston, MA

Arcadia Health Raises $13M

As reported by Xconomy, Arcadia Health announced it raised $13 million.

The data provider and healthcare consultant has gotten a $13 million investment from healthcare private equity firm Peloton Equity, existing investors, and Zaffre Investments, which is a wholly owned subsidiary of Blue Cross Blue Shield of Massachusetts. Arcadia, which was founded in 2002, plans to use the funding to further develop its data-gathering and analytics program, boost sales and marketing, and make new hires, especially at the executive level. READ MORE


Hello Alfred Raises $10.5 Million

Hello Alfred, the company building the next generation of the on-demand economy, announced the close of a $10.5 million Series A financing led by NEA and Spark Capital, with additional participation by Sherpa Ventures and CrunchFund. The new funds allow Hello Alfred to invest in its automation platform and continue the rapid growth of the company’s user base to new cities. 

Alfred combines all the subscriptions and services you use to power your home in one place. “Our mission is to automate the on-demand economy,” explained Marcela Sapone, co-founder and CEO of Hello Alfred. “In the last year, we’ve proven that we can delight our customers by anticipating their needs and doing their to-do’s as well, if not better than they would themselves. With this funding we’re ready to step on the gas and scale the Alfred experience to a wider base of customers.” 

“We are thrilled to partner with the Hello Alfred team,” said Scott Sandell, Managing General Partner at NEA who led the firm’s investment. “So many people in the professional ranks are leading lives that are incredibly unmanageable. Hello Alfred gives them back control over their home life and frees up their time to live. ” 

Hello Alfred currently operates in New York and Boston. Every day, the company’s employees help its customers save hundreds of hours of time by anticipating their needs. In the last 5 months, Hello Alfred gave back nearly nearly 40,000 hours — almost 4.5 years worth of time that would have otherwise been wasted on basic tasks — to busy families, entrepreneurs, and young professionals by making over 18,000 runs that included dry cleaning 57,600 shirts, delivering 3,326 pounds of dog food and placing 1280 flower arrangements in homes.

“My Alfred visits on Tuesday and it’s become my favorite day of the week,” said Megan R., a busy entrepreneur and Hello Alfred customer living in New York City. “Coming home to a perfectly stocked fridge, your dry cleaning not only picked up but put away, and the pair of shoes that didn't fit returned is real magic. Hello Alfred gives me back the thing I need the most: time.” 

Hello Alfred continues to expand its customer base in New York and Boston. The company plans to roll out service in San Francisco in the June 2015. San Francisco residents interested in the service can sign up for the waitlist by visiting: www.helloalfred.com

 

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About Hello Alfred

Founded by Marcela Sapone and Jessica Beck, Hello Alfred aggregates household services to provide white-glove oversight that radically changes how the modern consumer gets things done. Alfred is a recurring, in-home service that takes care of tasks its users don’t have the time to do — whether it’s laundry and dry-cleaning, grocery shopping, or coordinating deliveries — and even learns users’ routines to anticipate what they need done. Whether you're an entrepreneur busy launching a business, a parent juggling work while growing a family, or a young professional putting in long hours at the office — Hello Alfred will give you back your most valuable resource: time. It launched this September at TechCrunch Disrupt also winning the Disrupt Cup, Hello Alfred rose to the top over thousands of other startups that applied to claim the grand prize and is also the winner of the 2014 Harvard Business School Venture Competition. Hello Alfred has offices in Boston and New York City.

Localytics Acquires Splitforce

Localytics, the complete marketing and analytics platform for mobile and web apps, today announced the acquisition of Splitforce, an automated optimization tool purpose-built for mobile apps. With the acquisition, Splitforce co-founders Zac Aghion and David Ruiz join the Localytics team, bringing additional data science expertise to fuel the company’s predictive app marketing capabilities. Predictive app marketing helps app marketers and product managers leverage user data to predict and personalize engagement with app users at every stage of the customer journey.

“Apps have dramatically increased consumers’ expectations for experiences catered to their individual needs, while giving businesses a new dataset to tap into for better decisioning,” said Raj Aggarwal, CEO of Localytics. “We’re focused on helping businesses turn that data into personalized engagement, and Splitforce has the best team and technology in place to deliver on the cutting-edge of that mission: predictive app marketing.” 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


Yeloha Raises $3.5m in Series A Funding

Yeloha, Inc., a Boston, MA-based solar sharing network, raised $3.5m in Series A funding.

The round was led by Carmel Ventures. In conjunction with the funding, Ronen Nir, a general partner at Carmel, joined Yeloha’s board of directors.

The company intends to use the funds to expand across the U.S. READ MORE

clypd Raises $19.4 Million Series B Round

clypd, the television industry's leading sell-side technology provider, today announced that it has secured $19.4 million in a Series B round of financing led by global media company RTL Group, with additional participation from Atlas Venture, Data Point Capital, Duke University, TiVo Inc., Transmedia Capital and Western Technology Investment. With approximately $30 million in financing to date, clypd's latest round of funding will accelerate growth of the company's industry-leading platform to help TV media owners in the adoption of programmatic TV.

The Series B funding will be used to expand resources across all departments at clypd, including product development, data science, business development, engineering and marketing. This will help create new technologies to support enterprise-wide sales solutions for television media owners. The capital will also be used to expand the business into new markets, including Europe and APAC.

"clypd is one of the first companies to create a strong platform for programmatic sales for linear TV in the U.S. It offers a unique set of tools to the market at a crucial time, when programmatic video sales are growing rapidly," said Rhys Noelke, Vice President Business Development at RTL Group. "clypd adds key TV sales competencies that will offer groundbreaking solutions for TV advertisers. We see great potential in the company -- in both the U.S. and Europe." READ MORE

 

Teikametrics Acquires Lab Escape

Teikametrics, the leading provider of pricing and inventory optimization for Amazon third-party retailers, has acquired Lab Escape, the leader in heat map visual data discovery software. Teikametrics will add Lab Escape’s embeddable visual data discovery solutions to its suite of analytics tools for e-commerce retailers.

“The acquisition of Lab Escape’s visual data discovery platform is firmly aligned with our mission to use big data to solve valuable problems,” said Alasdair McLean-Foreman, CEO of Teikametrics. “In addition, the acquisition of Lab Escape diversifies Teikametrics’ customer portfolio by adding world class retailers including Walmart, Costco, and other Fortune 500 companies. Other notable clients include Dell, U.S. Army, and Schlumberger. Adding Lab Escape to our team gives us the opportunity to broaden our reach and develop long term growth outside of the Amazon marketplace.”  READ MORE

 

 

Pixability Completes $18 Million Series C Financing

As global brands increasingly turn to online video marketing as a key revenue generator, Pixability, a video ad buying and marketing technology company, today announced it has closed a $18 million Series C financing round led by Jump Capital and Edison Partners, bringing total funding to $28 million. All existing investors, including Point Judith Capital and Quad Graphics, also participated in the round. Pixability has achieved a cumulative sales compound annual growth rate of 240% over the past five years. The cost efficiencies of digital advertising are leading global brand marketers to aggressively shift media allocations, particularly to online video. Worldwide digital ad spend is projected to reach $253 billion by 2018 (up from $145 billion in 2014); with U.S. digital video ad spend projected to rise by 30.4% this year alone, reaching $7.77 billion[1].

“The Pixability platform has allowed us to reach our core customers and target new passionate soccer fans with data-driven video campaigns that increase awareness of our new brand positioning and bring engagement to an unprecedented level,” said Hermann Hassenstein, Global Head of Communications Planning at PUMA. “With the targeting that Pixability delivers, we are able to achieve better results through online video in a more efficient way.”

The capital will be used to READ MORE



MassChallenge Acquires Start Tank Boston
Two years ago, we created Start Tank as our way to give back and accelerate innovation in the Boston ecosystem. From its beginnings as a couple of extra desks quietly tucked behind reception, Start Tank Boston quickly grew to host a total of nearly 200 people from 49 startups that raised over $40M in venture and seed capital during the past two years. Building on this momentum, Start Tank later expanded to two other continents, with Boston maintaining the largest presence and footprint in the community.

For the next stage of growth, Start Tank Boston will be spun out and combine forces with MassChallenge. The MassChallenge mission to “catalyze a startup renaissance” by “helping early-stage entrepreneurs win” is 100% aligned with everything Start Tank has stood for since inception. Together, we’ll be able to provide Boston-area entrepreneurs with the strongest program and resources.

MassChallenge will acquire key elements of the Start Tank Boston program... READ MORE



FirstFuel Receives $23 Million


FirstFuel Software
, the trusted source for customer intelligence for energy providers, today announced that it has closed $23 million in Series C financing in an oversubscribed round to accelerate its recent growth within the transforming regulated and deregulated utility markets.

  • Next World Capital led the round joined by new investor Electranova Capital.
  • All prior investors, including Battery Ventures, Rockport Capital, Nth Power and E.ON SE also participated in the round.
  • Tom Rikert, partner at Next World Capital, will join FirstFuel’s Board of Directors.
  • This round brings FirstFuel’s total funding to $45 million since its founding in 2010.


“The energy provider markets are facing a sea change stemming from new technology advances in distributed generation, a dynamic regulatory environment and increased competition. In the face of this complexity, a large determinant of success will be their ability to help customers navigate energy options,” said Swapnil Shah, CEO, FirstFuel. “Recognizing the immense value of deeper customer relationships, providers are asking us to help them understand each and every customer’s energy usage and needs.” READ MORE

* Learn more about FirstFuel on their VentureFizz BIZZpage!


Placester Adds $15M

Per Xconomy, Placester hass added $15M.

One of the Boston area’s fast-growing software startups is making progress in real estate marketing. Placester says today it has raised a $15 million Series B round, which brings its total funding to about $23 million.

The round was led by New Enterprise Associates (a new investor), and previous investor Romulus Capital also participated. Placester CEO and co-founder Matt Barba says the company will grow from 50 to 100 employees in the next year. READ MORE

Pavlok Receives Investment from IncWell Venture Capital

This week IncWell, a Birmingham, Michigan based venture capital firm, signed a check for the maximum investment amount their fund allows, to invest in Pavlok, the wearable that electrically shocks users to break bad habits and increase performance.  

Last fall, Pavlok caused quite a shock when it launched a crowd funding campaign that raised over $250,000 (>5X their funding goal) and received mention on every major news outlet including Good Morning America, The Colbert Report, Reuters, and Entertainment Tonight. 

Pavlok already has a number of top-tier investors from the health and fitness space, including Dave Asprey, J.J. Virgin, John Romaniello, Ramit Sethi, Michael Fishman, and Steve Kamb, as well as the Boston-based hardware incubator Bolt. 

IncWell, which was founded in 2013 by Tom LaSorda former CEO of Chrysler Corp., invests in seed and early-stage companies across all sectors, including: healthcare, manufacturing, and consumer products.  Simon Boag, Managing Partner of IncWell said, “Pavlok has everything we’re looking for in a start-up; a great team led by Maneesh, a disruptive technology with the capability for significant, positive impact to society and a market with-out bounds.  We’re very excited to be partnered with Pavlok”. 

Pavlok, already experiencing rapid growth, decided to take on the investment as a strategic partnership based on the experience and networks of the IncWell team. Maneesh Sethi, the founder of Pavlok, had this to say, 

"I couldn't be more thrilled to work with the brilliant team at IncWell. Not only is this going to allow us to amplify our current efforts, but it also gives us the bandwidth to expand into new markets that we've been looking to tap into". 

The 'new markets' Sethi is referring to includes the medical space. Although Pavlok's primary focus has been on the consumer market, Sethi and IncWell are excited to explore the use of Pavlok's technology in hospitals and other healthcare facilities around the country. 

Pavlok has quietly been collaborating with some Boston hospitals that are using Pavlok to help people quit smoking. The initial results have been impressive. "We've already seen a lot of users quit smoking in as few as 5 days. The fact that we are transforming lives and successfully breaking habits---so fast, and so massively---is incredibly rewarding," said Sethi. 

Together, with IncWell's support, Pavlok plans to ramp-up production and experiments on various bad habits and show the world just how powerful a little negative stimulus can be. 

 

About IncWell

IncWell is a private venture capital fund located in Birmingham, MI, founded by Tom LaSorda, the former CEO of Chrysler. IncWell offers seed funding, strategic partnerships and mentorship for U.S. and Canadian startup companies that present breakthrough or disruptive technologies backed by great leaders. The Managing Partner of the fund is Simon Boag. Other Limited Partners include Roger Penske, Chairman and CEO of Penske Corporation, Dieter Zetsche, Chairman of Daimler AG, John Melstrom, Partner at Fenner Melstrom & Dooling PLC, Stephen Polk, former CEO of R.L. Polk & Co. and Wayne Sales, the former CEO of Canadian Tire and SuperValu and Magna International, a global automotive supplier. There are 14 other additional key Limited Partners. Learn more or pitch us online at www.incwell.net

 

About Pavlok…

Pavlok is a wearable device that helps users break bad habits with electric shock. By administering a shock while doing an undesired action, Pavlok utilizes proven psychological techniques and can break bad habits in as few as five days. Pavlok has already helped users quit bad habits such as: smoking, nail-biting, unhealthy eating, procrastinating, hitting the snooze button, and many more.

Pavlok’s stimuli include vibration, beep, and shock, and can be activated by software (Bluetooth + open API) or manually. The stimuli are useful for numerous purposes, including waking up on time, improving memory, and being more productive. See more at http://pavlok.com

 

About Behavioral Technology Group, Inc 

Behavioral Technology Group (BTG) is a Boston-based startup, founded in 2013 by Maneesh Sethi. Initially started at the Bolt hardware incubator, BTG focuses on upgrading human behavior through the marriage of technology and psychology. BTG was voted Boston’s Best Tech Startup 2015 and has been featured in hundreds of media outlets including: TechCrunch, Reuters, Good Morning America, The Colbert Report, and more.

 

Valore Acquires Boundless

Valore announced today the acquisition of Boundless, a digital publisher and platform that offers millions of students and teachers customizable textbooks, teaching resources, and learning tools. Together, Valore and Boundless are uniquely positioned to eliminate the inefficiencies that exist throughout the textbook ecosystem and to be an agent of change in how college textbooks are created, acquired and consumed. 

“Textbooks and course materials are the biggest expense that students face after tuition and room and board, and inefficiencies in the textbook market continue to drive that expense higher and higher,” said Kevin Walker, CEO, Valore. “We are excited about the product, platform and content Boundless has built. And we are looking forward to working with their strong team to continue empowering students and professors with choices for creating and consuming content that will result in higher quality education resources at a lower cost.” READ MORE

 

Disney to Invest $250 Million in DraftKings

Per The Wall Street Journal, Walt Disney Co. is investing $250 million in online fantasy sports business DraftKings Inc., valuing the company at roughly $900 million, people familiar with the matter say.

The Boston startup lets fans play fantasy sports with real money at stake. They can do so on a per-game basis rather than committing to manage teams for an entire season. READ MORE

ZappRx Raises $5.6 million

Today, ZappRx announced it has received $5.6 million in new funding from GlaxoSmithKline’s new venture arm SR One, and Atlas Venture (the life sciences VC firm, not the tech startup one that split from the firm and is seeking a new name). Additionally, the company revealed a long undisclosed partnership with biopharma company Zafgen, as well as another major partnership that it cannot reveal yet.

While ZappRx hasn’t raised anything approaching the gaudy investment numbers you will often see attached to biotech companies, the company has raised a total of $8.8 million for what is currently a niche space but has the potential to be lucrative in the long term. READ MORE from Dennis Keohane at Pando Daily

 

Convergent Dental Secures $9 Million in Growth Capital

Convergent Dental Inc., a privately held dental device company, today announced that it had secured $9 million in a funding round led by existing investors Long River Ventures and the Gund Foundation as well as new individual investors and family offices. Solea, the first FDA approved, CO2 9.3 micron dental laser for hard and soft tissue, is gaining significant traction within the dental community due to its ability to deliver virtually anesthesia-free and blood-free procedures.

When a dentist does not have to administer anesthesia or control bleeding, it significantly improves efficiency. Many Solea dentists report performing six or more additional procedures per day which represents revenue gains of 25 – 40 percent. This latest round of funding enables continued investments in product innovation, sales and implementation so Convergent Dental can scale with growing market demand.


“We are pleased to see Solea accomplish so much in just its first year on the market,” said Will Cowen, general partner, Long River Ventures. “Solea delivers a much improved patient experience and at the same time a compelling ROI for the dentist.  It’s a clear win-win.  We are happy to offer continued support to such a game-changing company.”  


Solea sales nearly doubled in Q4 2014 as practitioners around the country adopted this unique CO2 dental laser technology. Solea is establishing itself as the go-to tool for many dentists, replacing the noise, vibration and needle typically associated with dental visits with a quiet, virtually painless patient experience.


“This latest round of funding will fuel Solea’s already impressive growth,” said Convergent Dental CEO Michael Cataldo. “As more dentists implement this unique technology, it is becoming obvious that we are literally changing what it means to go to the dentist. The dental laser’s impact on patients’ experiences and dental practices’ bottom line is all positive and positions Convergent Dental for even greater growth in 2015.”  READ MORE

 

Mobiquity Acquires Morgan Clark & Company

Mobiquity, a mobile engagement provider, today announced it has acquired Amsterdam-based Morgan Clark & Company a company focused on technology-enabled business consulting. This acquisition will allow Mobiquity to deepen its European-based mobile consulting and transformative services offerings. 

“Mobile is in our DNA – we are strongly committed to developing innovative solutions that combine rich user experience, business strategy and integrated technology,” said Mobiquity founder and CEO, Bill Seibel. “As mobile continues to drive change and innovation within enterprises we are committed to our multi-disciplined approach and to help drive innovation for our expanding roster of European customers.”  READ MORE

 

Security Innovation Raises $4M

Security Innovation, a cyber security firm specializing in software security, announced today that it has secured an additional $4 million investment to address the needs of their expanding market, led by existing investor Brook Venture Partners (BVP) together with existing investor Gordon M. Burns, Director at Compass Diversified Holdings LLC. The funds will be targeted to further extend Security Innovation’s current portfolio of products and services as the pre-eminent security provider for securing the critical systems on which the world depends.

The Internet of Things (IoT) explosion is powered by software. Since 2002, Security Innovation has specialized in securing software, no matter where it runs – on a mobile phone, in an automobile, on a retail point-of-sale system, or as part of an online enterprise application. With rapidly expanding expertise in crypto and secure communications, Security Innovation is now even better positioned to help organizations ensure that they are not vulnerable at their weakest link – software. READ MORE

 

Nanigans Raises $24M Series B

Nanigans, Inc., the leading worldwide provider of social and mobile advertising software and pioneer in advertising automation software, announced today that it has closed a $24 million Series B financing. The financing is led by Cheetah Mobile (NYSE:CMCM), the world’s leading mobile utility application developer. Also participating in this financing is current investor Avalon Ventures and new investor Wellington Management Company LLP.

The funding follows Nanigans successful transition to a true Software-as-a-Service (SaaS) business model. Said Nanigans co-founder and CEO, Ric Calvillo, “We’ve spent five years developing our advertising automation software, and for good reason. Automating digital advertising allows marketing teams to bring this critical function in-house, resulting in both significant performance gains and cost savings. Nanigans software enables customers to manage, measure, and optimize their online advertising across multiple channels. Our customers run over $500 million in annualized ad spend using our software, confirming our leadership position.” READ MORE

 

Cortex Raises $500k

CORTEX IS ARTIFICIAL INTELLIGENCE FOR SOCIAL MEDIA MARKETING

 

Company Exits Two-Year Stealth with $500K Round, Customers, and Aim to Eliminate Complexity

Boston, MA - March 25, 2015 - Cortex exits a two-year stealth period today with $500K in early-stage funding, disruptive technology, and multiple satisfied customers. Cortex is artificial intelligence for social media marketing that helps brands increase their return on investment in social via consolidation of tools, automation of redundant work, and adding data to a currently unscientific practice.

“We’re helping companies get more return from their time and investment in social. As a powerful efficiency software, Cortex helps social media managers and agencies be more productive while enjoying work more. Our average customer has seen a 400% increase in engagement and seven hours per user, per week of time saved,” said Brennan White, CEO of Cortex. “By creating more effective and creative social media content, we are making marketing less intrusive and more enjoyable for consumers. The outcome is targeted, timely, and welcomed.”

Coming from eight years in the agency world, White and Chief Revenue Officer Matt Peters were users and clients of all major SaaS social tools. Cortex was created after they realized that existing tools focused entirely on analytics and process management, selling patchwork solutions to small social problems, rather than solving the fundamental underlying issue in social: complexity.

“Cortex coming out of stealth is a dark day for analytics and publishing platforms. These companies make money as long as social is an involved, time-consuming, multi-step process. They have no incentive to simplify social media marketing,” said Peters. “Using Cortex, social teams worry about fewer pieces of the puzzle, get better results, and have more time to focus on the most important piece: creating compelling content. Due to Cortex’s AI, our customers know that competitors will be monitored, content will be promoted, and posts will be executed optimally across their social platforms - all automatically.”

Cortex has more than a dozen active paying customers, and this early-stage round is led by four main funding sources including: Josh Adler, founder & CEO, Sourcewater; and Jere Doyle, general partner, Oyster Angel Fund.

“I invested in Cortex because it will have huge impact for companies that are using social tools and thinking about ROI, consolidation, and time investment in social. Clearly, every company needs to think this way,” said Doyle. “Cortex has already been the driving force behind multiple companies becoming the clear best-in-class. I invite all forward-thinking brands to meet Cortex.”

About Cortex

Cortex is artificial intelligence for social media marketing. Our SaaS platform removes the need for point solutions, social analytics, and social media management tools via machine learning and predictive analytics. Brands and agencies are able to save an average of seven hours per user per week, while increasing social KPIs by up to 400%. Learn more about how artificial intelligence will consolidate your marketing toolset at www.meetcortex.com or info@meetcortex.com.

 

M.Gemi Raises $14M

Ben Fischman, founder of flash sale fashion site Ruelala, has raised a $14 million seed and series A round for a new startup, M.Gemi.

M.Gemi launched Tuesday to make beautiful Italian shoes more affordable for international markets — like American shoppers. Fishman says hand-crafted shoes made in Italian factories often cost $500 to $2,000. M.Gemi's cost between $98 and $300. 

Investors include General Catalyst, which also invested in Ruelala, Forerunner Ventures and Breakaway Ventures. READ MORE

 

Publicis Groupe Acquires Expicient

Publicis Groupe [Euronext Paris: FR0000130577, CAC40] has acquired Expicient Inc. (Expicient), a leading global omni-channel services firm with significant expertise in inventory and order management systems (OMS), a capability that clients increasingly need to manage inventory, pricing and offers across channels for today's connected consumer who moves fluidly across digital and physical stores. Expicient will be integrated into the Publicis.Sapient platform under the Rosetta brand.

"Today's always-on consumer makes no distinction between devices and channels," said Publicis.Sapient CEO Alan Herrick "as a result our retail clients are increasingly looking for us to build systems -- inventory, supply chain, omni-channel commerce that enable the experience a 2015 consumer demands. Expicient joining Publicis.Sapient allows us to significantly strengthen our clients ability to integrate offer information, order information, inventory information and pricing information across channels, which is a significant change from a world where the on-line stores and physical stores operated separately." READ MORE

Localytics Raises $35M

Localytics, the only complete platform for app marketing and analytics, today announced it has raised $35 million in Series D funding, bringing its total investment to-date to $60 million. New investor Sapphire Ventures led the round with participation from existing investors Foundation Capital and Polaris Partners. The new funds will be used to strengthen Localytics’ predictive intelligence capabilities, which enable customers to truly personalize the user experience and improve engagement and retention in their mobile and web apps.

“Companies are struggling to keep up with the growth of apps. Most are unable to leverage user intelligence to improve how they acquire and engage users. Localytics’ investments in predictive app marketing will enable us to deliver the amazing, personalized app experiences that consumers have come to expect,” said Raj Aggarwal, CEO of Localytics. “And, with its deep history in scaling successful marketing technology companies, such as ExactTarget and Criteo, Sapphire Ventures’ expertise will help us continue building the leading solution for apps.”  READ MORE

* Learn more about Locatyics on their VentureFizz BIZZpage!

 

Chitika Invests $4 million in Spin-Off, Cidewalk

Westborough-based Chitika Inc., an Internet advertising company, on Wednesday announced it will spin off its mobile advertising business unit, Cidewalk.

Chitika is investing $4 million to fund the spinoff, according to a statement, and Cidewalk has purchased office space in Southborough to accommodate staffing growth. Its new office is at 154 Turnpike Road, Southborough, in space formerly occupied by Bodyscapes Fitness.

Chitika expects Cidewalk, launched in 2014, to generate $10 million in gross revenue over the next year, the statement said. READ MORE


Ginkgo Bioworks Raises $9 Million

Ginkgo Bioworks, an organism design company, today announced that it has raised $9 million in a Series A round from Felicis Ventures, OS Fund, Data Collective, iGlobe Partners and Vast Ventures. The company was part of Y Combinator’s Summer 2014 class and was the first biotech startup to participate in Y Combinator’s accelerator program. 

Ginkgo Bioworks also announced the opening of its new 18,000 square-foot, automated organism engineering foundry, Bioworks1. Bioworks1 uses robotics and advanced software to make the process of engineering organisms scalable. The company used their new investment round to complete the construction of Bioworks1 and will use the funding to operate the foundry to deliver organisms to customers. They have already begun the design of their next-generation foundry, Bioworks2, slated for construction in early 2017. READ MORE

 

Help Scout Raises $6M

My favorite thing about being an entrepreneur is being stretched beyond my comfort zone on a daily basis. Today is hardly any different, as I’m very proud to announce that Help Scout has raised $6m in funding as part of a Series A round.

People who know me will be very surprised by this announcement. I’m a bootstrapper at heart and always have been. Our business raised a small amount of money ($800k) following Techstars four years ago and has been profitable for the last 18 months. READ MORE

Motorola Solutions Invests in Drone Maker CyPhy Works

Motorola Solutions has made a strategic investment in CyPhy Works, a leading developer of advanced unmanned aerial vehicles (UAVs), also known as drones. Founded by Helen Greiner, co-founder of iRobot, CyPhy Works has developed a drone technology and business roadmap that pioneers use of “microfilament tether” technology that enables long-duration or persistent flight with secure streaming of high-speed data and high-definition video.

“Real-time information is a powerful tool for our public safety and commercial customers,” said Paul Steinberg, chief technology officer at Motorola Solutions. “A tethered drone collecting situational awareness in large or hard-to-reach locations quickly puts eyes and ears on the scene, enabling our customers to read the moment, know what’s relevant and help them make fast decisions about how to deploy resources. This can help not only resolve incidents faster but also provide information to help prevent critical situations from happening in the first place.” READ MORE


KleerMail Raises $1.3M in Funding

As noted on CrunchBase, KleerMail in Boston, Massachusetts has raised $1.3M in funding.  KleerMail develops innovative SaaS and business intelligence tools that improve the cost, speed-to-market, and distribution of complex marketing messages for large-scale clients.  READ MORE

SimpliVity Raises $175M in Series D Funding

SimpliVity, a leader in hyperconverged infrastructure for IT, announced today it has raised $175 million in series D funding at a valuation of more than $1 billion – a record achievement just 23 months after general availability of OmniCube, its flagship product.  Waypoint Capital, the business enterprise for the Bertarelli family’s investments and headquartered in Geneva, Switzerland, led the round. Prior investors Accel Partners, Charles River Ventures, DFJ Growth, Kleiner Perkins Caufield & Byers (KPCB) and Meritech Capital Partners also contributed to the round. SimpliVity’s total venture funding is now $276 million. 

Waypoint was inspired to make the investment after transforming its own IT environments across five global sites with SimpliVity’s hyperconverged infrastructure solution.  READ MORE

G20 Ventures Closes $63M Fund

As reported by Xconomy, G20 Ventures has closed its first fund at $63.45 million. READ MORE from Xconomy.