Nantero Closes $30M+ Series E Round
Nantero, the world leader in carbon nanotube electronics, today announced it has closed a $31.5 million Series E financing round, which included new investors and participation from existing investors Charles River Ventures, Draper Fisher Jurvetson, GlobespanCapital Partners, and Harris & Harris Group. This substantially oversubscribed round highlights Nantero’s ongoing success in delivering a new generation of super-fast, ultra-high density memorycalled NRAM® (non-volatile random access memory) that can enable a variety of exciting new features and products in both consumer and enterprise electronics.
Signaling a new era in memory, Nantero’s NRAM has already been installed in multiple production fabs and is currently being designed into innovative new electronic products that require increased storage, low power consumption, high speed, reliability, and high endurance. The company intends to use its new funding to continue the acceleration of NRAM as the leading next–generation memory for both storage class memory and as a replacement for flash and DRAM.
“With Nantero’s NRAM, the wait for a new generation of super-fast, high-density non-volatile memoryis over,” said Greg Schmergel, Co-Founder, President and CEO of Nantero, Inc. “Our technology is already under development today in multiple world-class manufacturing facilities and we have more than a dozen major corporate partners actively working on NRAM. We are excited to begin the next phase of commercialization which will bring Nantero’s NRAM into volume production and change the course of electronics innovation for decades to come. READ MORE
CounterTack Announces $15M Series C Round of Financing
Growth Round Led by TenEleven Ventures to Fuel Company’s Aggressive Go-to-Market Strategy and Global Expansion to Meet Enterprise Demand for Next-Generation Endpoint Security
WALTHAM, Mass. (June 2, 2015) – CounterTack, the leader in Big Data Endpoint Detection and Response (EDR), today announced it has closed a $15 million Series C round of funding, led by TenEleven Ventures, with other new investors in the round including EDBI (the corporate investment arm of the Singapore Economic Development Board) and Mitsui, along with the participation of existing investors.
The funding will help CounterTack support its accelerated go-to-market strategy, further its global expansion initiatives and deliver truly scalable next-generation endpoint detection and response (EDR) technology to its growing portfolio of enterprise customers. CounterTack is the one EDR provider truly delivering unprecedented endpoint detection, forensic analysis, threat visualization and real-time response capabilities to the enterprise and the SMB market through strategic MSSP partnerships.
“With cybersecurity innovation at an all-time high, CounterTack is leading by integrating high-powered Big Data technology with security telemetry to produce actionable data to help respond to the enterprise-level threats where SQL-based solutions simply can’t scale,” said Alex Doll, Founder, and Managing General Partner, TenEleven Ventures. “CounterTack provides a new level of visibility, context and control to enterprise teams who need to protect their most valuable data, along with powerful threat correlation and automated response capabilities, to counter sophisticated, unknown endpoint threats at-scale, across the enterprise. We’re thrilled to participate in this fundraise to foster continued growth to meet EDR market demand.”
"Traditional threat detection and prevention approaches are ineffective to the attacks we see against endpoints and users today and even perimeter defenses labeled as ‘advanced’ can be evaded by attackers,” says Adrian Sanabria, Senior Security Analyst, 451 Research. “Today’s enterprises must be able to detect and rapidly respond to threats that have made it past these defenses, onto the endpoint. This approach must be able to cut through the typical security alert ‘static’ to give analysts accurate intelligence about threats across the entire enterprise, in real time."
“The rapid digitization of economies poses cybersecurity challenges to businesses globally,” said Chu Swee Yeok, CEO and President, EDBI. “The presence of leading cybersecurity companies such as CounterTack in Singapore, with its unique endpoint threat detection and response solutions, will help strengthen business resilience against rising cyber attacks. We look forward to realizing CounterTack’s Asian growth plans through our extensive network in the region.”
Key Growth Milestones:
- CounterTack reported 300% YoY Q1 growth from 2014 to 2015 at the RSA Conference North America in April 2015.
- The company was named to the JMP Securities Fast 50 list of hottest privately held security and networking companies.
- CounterTack is a 2014 Gartner Cool Vendor, recognized for innovation in the Endpoint Security market. (May 2014) CounterTack’s CEO Neal Creighton will participate in the ‘Top Market Trends in the Endpoint Detection and Response Market’ panel at the Gartner Security & Risk Management Summit, June 8, 2015 from 10:00 am – 10:45 am EST at the Gaylord Resort, National Harbor, MD.
TenEleven Ventures, EDBI and Mitsui join CounterTack's current investors including Goldman Sachs, Fairhaven Capital, Siemens Venture Partners, Razor's Edge, OnPoint Technologies (investment fund of U.S. Army) and Alcatel-Lucent.
CounterTack is the leading provider of real-time, Big Data endpoint detection and response technology for the enterprise. CounterTack's Sentinel platform provides unprecedented visibility and context around endpoint behavior to targeted, persistent threats to improve incident response and threat detection, enterprise-wide.
Built on Big Data architecture to counter endpoint threats at-scale and leveraging tamper-resistant collection for pure behavioral capture on enterprise endpoints, (laptops, servers, workstations, mobile devices) Sentinel dramatically reduces the impact of advanced attacks in real-time, giving teams an opportunity to defend the enterprise before incidents escalate.
To learn more, please visit: http://www.countertack.com.
Nina Gill and LeeAnn Hovanasian
Raizlabs Acquires Find & Form
We are excited to announce that we’ve completed the acquisition of Find & Form, a Boston-based mobile app design and development agency. Find & Form’s clients included the popular wine app Drync, Boston startup Shuttersong, and a startup called The Collective which was founded by the CEO of StumbleUpon. We’ve been working with Find & Form over the last few months on a number of projects and we felt that the partnership could be extended and deepened through a strategic acquisition.
Both Raizlabs and Find & Form share a passion for excellence in digital products and mobile technology. The partners of Find & Form represent the core pillars of Raizlabs’ values. We believe that these elements are core to building and engineering great products: Mobile Strategy, Product Design, and Software Development. These elements have been central to both companies’ successes, and will continue to be central to our joint ability to create and build great digital products in the future. READ MORE
CarePort Health Closes $3.8M
CarePort Health Closes $3.8M to Improve Post-Hospital Care
Boston, MA, June 1, 2015
Careport Health, the leading innovator in post-acute outcomes management, has closed on a $3.8M financing to accelerate growth. Founded by Dr. Lissy Hu, a Harvard Medical School and Harvard Business School alumna, who witnessed first hand the challenges of finding post-hospital care, Careport now supports health systems and hundreds of post-acute providers across the US.
This round is led by Baseline Ventures, with participation from CommonAngels Ventures, Excelerate Health Ventures, Generator Ventures, Launch Capital, 500 Startups and Andy Palmer. Prior investors in the company include Boston Seed, TechStars and a variety of technology leaders.
“Imagine my surprise when I saw that even at the most advanced hospitals, patients relied on paper lists to find post-hospital care.” Hu said. “Frankly I had more information about a hotel a thousand miles away than the nursing home down the street. I saw how much patients were struggling, so I started CarePort to eliminate the information gap and ensure every patient receives the best post-hospital care.”
40% of Medicare patients need post-acute care after being discharged from the hospital. Yet the process of finding an appropriate skilled nursing facility or home health agency can be fraught with challenges for patients. The technology for finding post-hospital care has not evolved much beyond a paper list. Hospitals provide patients in need of rehabilitation services a list with names, phone numbers, and addresses of providers. This opaque process can be equally frustrating for hospital staff. “As a case manager, you know the quality of facilities varies as well as their ability to effectively manage the patient’s recovery needs. But Medicare regulations say that you can’t recommend one place over another, so patients are truly on their own,” said Bonnie Geld, Vice President of the Center for Case Management.
CarePort collects and analyzes data from hundreds of post-acute care organizations to identify providers that match a patient’s unique clinical needs and preferences. Higher quality providers, such as those with low readmission rates, are presented to patients in an easy-to-understand and engaging format. Patients at Massachusetts General Hospital who use CarePort to help find rehab after an elective joint replacement procedure like “being able to take virtual tours of selected places, getting places within a certain distance, and the facility ratings.” Geld believes, “CarePort is the first truly patient-centered discharge planning tool.”
For hospitals, ensuring that patients receive high quality post-acute care has become a high priority issue with the continued transformation to value-based payment systems, including readmission penalties, bundled payment programs, and accountable care organizations. “We get penalized when patients come back to the hospital. It’s bad for us. It’s bad for patients,” explains Joel Vengco, CIO at Baystate Health. “CarePort helps us find high-quality post-acute care for our patients. When a Baystate patient leaves the hospital, they are in good hands.”
Increasingly hospitals are developing collaborative relationships with post-acute providers to ensure their patients receive high value care across the continuum. The Cleveland Clinic’s Center for Connected Care is engaged in quality improvement initiatives with nine skilled nursing facilities. Patients who recover at Connected Care facilities experience a lower likelihood of returning to the hospital for any condition within thirty days. According to Dr. Eiran Gorodeski, the Center’s leader, “Using CarePort, we are giving patients all the information they need to make an informed decision that best suits their needs and preferences.” After implementing CarePort, a greater number of patients are choosing skilled nursing facilities with lower readmission rates.
“CarePort’s solutions facilitate better post-acute decision-making leading to improved healthcare value. The ability to analyze and share relevant healthcare information with patients, their caregivers and collaborating providers in an easy-to-use format is critical to delivering a truly patient-centric care experience during care transitions ” said Joe O’Connor, a CommonAngels Venture Partner, healthcare entrepreneur, and co-founder of healthcare analytics and bundled payments companies.
With the new capital, CarePort will extend its platform capabilities to provide valuable information for providers to collaborate in the management of patients in post-acute settings. Hu explains, “The first step in the journey starts at the hospital, where we help patients and their caregivers find and select the best post-acute provider. Next, we provide the ability to monitor a patient’s recovery and make sure they are receiving the appropriate care.” CarePort’s platform tracks a patient’s recovery course in real time across post-acute settings and relays key information to the patient’s care team. CarePort breaks down information silos and exposes objective outcomes data in a timely fashion so that providers across the care continuum can work together to improve post-acute care in a patient-centered manner. “CarePort is bringing transparency into post-acute care so that we can raise the bar for all providers,” Hu explains. “We want patients to receive the best post-acute care no matter where they go.”
Databox raised $3.7M in funding
Per SEC filing, Databox raised $3.7M in funding. READ MORE
lifeIMAGE Announced a $17.5 Million Round of Financing
lifeIMAGE announced today that it has closed a $17.5 million round of financing led by Cambia Health Solutions (Portland, Ore.), a nonprofit total health solutions company dedicated to transforming health care by creating a person-focused and economically sustainable system. lifeIMAGE, the nation’s largest and most utilized network for exchanging medical imaging, will use this financing to expand resources for its growing customer base, increase the breadth of its network capabilities and implement the next phases of its go-to-market strategy.
Cambia and lifeIMAGE share a common goal: improving the quality of care while lowering its cost. Lack of access to imaging exams is the primary cause of unnecessary, duplicative procedures that delay care, frustrate clinicians and patients, and cost the country’s health system about $30 billion each year. lifeIMAGE helps providers improve care coordination for patient consultations, referrals and transfers by making medical imaging exams from unaffiliated hospitals, physicians and patients accessible worldwide. It interoperates with the electronic medical record systems from Cerner Corporation and Epic Systems Corporation to ensure every member of a patient’s care team has fast, electronic access to a complete imaging history. READ MORE
Dockwa Raises $1.1M
Dockwa, a mobile app company providing seamless reservations to boaters and the marine industry, announced today that it had raised $1.1 million in additional seed funding. Investors include David Skok of Matrix Partners, HubSpot's CEO Brian Halligan and CMO Mike Volpe, Driftt's CTO Elias Torres, and several private investors. The new capital will fuel expansion of the platform, as well as growth of the Dockwa team.
“With over seventy marinas in the major ports of New England, Dockwa is fast becoming the OpenTable for the marine industry, demonstrating an incredible customer experience, valued inventory, and convenience,” said Mike Melillo, founder and CEO of Dockwa. “We remain focused on building a singular customer experience. The additional funding is a testament to Dockwa’s growth potential, and I couldn’t be more excited about our team, product, and trajectory.” READ MORE
Virgin Pulse Closes $92 Million Investment
Virgin Pulse, the habits focused well-being company, today announced additional funding of $92 million. This latest round of investment will be used to further accelerate the company’s impressive growth and customer success. The round was led by Insight Venture Partners and included participation from existing investor, Virgin Group. As part of the transaction, Nikitas Koutoupes, managing director, and Anika Agarwal, vice president at Insight Venture Partners, will join Virgin Pulse’s Board of Directors.
The investment follows the recent launch of Virgin Pulse’s next generation workforce well-being platform that enables enterprise clients to increase employee engagement and productivity, build culture, and decrease healthcare costs by providing employees with tools that help them form habits that matter. For nearly a decade, Virgin Pulse has built on its consumer-focused roots to create products that drive hundreds of millions of habit-building interactions that encourage behavioral changes. The company has revolutionized how businesses create healthier, more productive workforces while also building great places to work. READ MORE
EMC To Acquire Virtustream
EMC Corporation (NYSE: EMC) today announced it has entered into a definitive agreement to acquire privately-held Virtustream. When the transaction closes, Virtustream will form EMC’s new managed cloud services business. The acquisition represents a transformational element of EMC’s strategy to help customers move all applications to cloud-based IT environments. With the addition of Virtustream, EMC completes the industry’s most comprehensive hybrid cloud portfolio to support all applications, all workloads and all cloud models.
Virtustream CEO Rodney Rogers will report to Joe Tucci, EMC Chairman and CEO.
“Virtustream is an exceptional company and this is a critical and transformative acquisition for EMC in one of the industry’s fastest-growing and most important sectors,” said Joe Tucci. “With Virtustream in place, EMC will be uniquely positioned as a single source for our customers’ entire hybrid cloud infrastructure and services needs. We could not be more delighted that Virtustream will be joining the EMC Federation family. It’s a game changer.” READ MORE
Draper Nexus Invests in CyPhy Works
CyPhy Works, a leading drone company and developer of advanced unmanned aerial vehicles (UAVs), today announced Draper Nexus as a key new investor in the MA-based company.
The addition of this premier value-added investor with its unmatched international networks will help CyPhy Works to rapidly further its commercialization plans in the US and abroad. The funds will support hiring in the areas of data management & analytics, commercial partnerships, product management and mechatronics. READ MORE
Weathermob Joins Weathernews Inc.
Weathermob is just delighted to announce that we have joined Weathernews Inc., www.weathernews.com/, a large Japanese weather company already committed to the power of crowdsourced weather reporting; the power of people reporting, the potential and poetry!
Our forecast, together, is sunnier!
We remain committed to keeping the same warm and welcoming weather community and creating better, safer weather data, as we grow into this new global partnership. READ MORE
MOO Raises $5M in Funding
Moo received $5 million in series A funding in April from The Accelerator Group, Atlas and Index Ventures. The nine person company was founded by Richard Moross of London...READ MORE
Black Duck Software Raises $5M
Black Duck Software, the leading OSS Logistics solutions provider enabling the secure management of open source code, today announced it closed Q1 2015 30 percent above plan. The company attributes this success to efforts that have continued momentum in making open source adoption more secure, compliant, and efficient. Black Duck has welcomed several new hires, secured $5 million in additional funding from strategic investor the Venture Capital Unit of Siemens, and added former Avid Technology CEO and Venture Capitalist Daniel Keshian to its Board of Directors.
The company recently strengthened its customer success team with the appointment of Dean Vassiliou, Vice President Customer Success Management. Vassiliou is an experienced enterprise software professional with extensive delivery, support, and account management experience. Prior to Black Duck, Vassiliou led the professional services organization at Healthedge. Vassiliou also built and managed global professional services and client services organizations for start-ups including Lodestar Corporation, prior to its sale to Oracle and Salary.com, where he served on the IPO management team. Vassiliou’s hire comes on the heels of Black Duck adding strategic security expert Michael Pittenger (Co-founder of Veracode) to the company as Vice President of Product Strategy. READ MORE
Predilytics Acquired by Welltok
Welltok today announced the acquisition of leading healthcare predictive analytics company, Predilytics. The acquisition adds another powerful layer of consumer intelligence and analytical capabilities to Welltok's CafeWell Health Optimization Platform, providing even more personalized guidance for consumers and delivering more value and insights to health plans, at-risk providers and other population health managers.
Predilytics uses machine learning and propriety technologies to more accurately segment consumers based on risk, receptivity and impactabilty, which ultimately provides more actionable insights. Leveraging these capabilities and insights, Welltok is creating the healthcare industry's first analytics-driven consumer enterprise platform that not only identifies which consumers to target, but also engages them with the most relevant health improvement resources and incentives. This provides a highly personalized, rewarding experience for consumers, as well as helps population health managers optimize their spend. READ MORE
Drizly Secures $13 Million In Series "A" Funding
Drizly, the technology company powering a superior shopping experience for beer, wine and liquor, today announced it has secured $13 million in Series A financing from Polaris Partners with participation from First Beverage Group and existing investors.
Drizly will use the proceeds to continue expansion of the industry standard for legally connecting alcohol supply and demand for the three-tier system, which comprises distributors, suppliers and sellers. The company expects to invest heavily in product development, sales and marketing, operations and global distribution.
Conceived in 2012, Drizly's technology and business model have created a legal framework for enabling licensed retailers to exploit opportunities in e-commerce, digital media, and data-driven marketing and operations. With the consent of regulators across the United States, Drizly currently operates in more than 15 American cities, with more than 150 retail and supplier partnerships.
"Off-premise alcohol sales is a $100 billion business that's untouched by technology," said Pat Kinsel, venture partner with Polaris Partners who will join the Drizly Board. "With Drizly, we are investing in a legal framework that connects alcohol supply and demand with full support of the industry players, who are all eager to see how innovation will transform their business."
The funding announcement follows a Drizly strategic alliance with the Wine and Spirits Wholesalers of America (WSWA). The alliance expands Drizly's presence with retailer partners across the country, enabling Drizly to serve more consumers and to provide those consumers with unparalleled choice and convenience. As part of the alliance, the WSWA took a small non-controlling interest and a seat on the Drizly Board of Directors.
A SUPERIOR SHOPPING EXPERIENCE
Drizly's apps and Web site feature an emphasis on ease-of-use and product discovery, adding new dimensions of surprise, delight, and interactivity to the unprecedented experience of getting alcohol delivered responsibly in 20-40 minutes. Users simply log in and are instantly able to browse from thousands of products with a shopping experience that parallels the best-in-class e-commerce platforms offered in other industries. With a few taps of a finger, product is scheduled for immediate delivery, or at pre-determined time in the future. Drizly also allows the consumer to send beer, wine or liquor as a gift to others across the country.
For the retailer, Drizly delivers incremental revenue and an added layer of security through its propriety ID verification system. Every retail partner of Drizly's is given this technology to use at the point of delivery to ensure the purchaser is of legal drinking age.
"In the past year, we've expanded from two cities to 15, grown our staff from three to 42 and built a product that makes purchasing alcohol informative, convenient and fun," said Nick Rellas, CEO and co-founder of Drizly. "We've laid the foundation and now through this latest round of financing, we've set our sights on growing our footprint across North America, increasing our visibility through larger marketing spends, and continuing to build out innovative products that produce new opportunities for brands and publishers."
In addition to powering a superior shopping experience, Drizly also offers an unprecedented set of technology and tools through its API, pioneering e-commerce opportunities in alcohol for publishers, social networks, and recommendation engines. The Drizly API provides third parties with a turnkey solution for deploying fast, convenient and responsible alcohol delivery inside of any consumer media experience, leveraging the largest and most sophisticated infrastructure delivery in the US.
Drizly is a technology company powering a superior shopping experience for beer, wine and liquor. Combining the best selection and price, content-rich and personalized shopping experiences, and the speed and convenience of on-demand delivery, Drizly delivers "The Joy of Drinking" to legal-age drinkers across the United States. Backed by a world-class group of angel and institutional investors, the company has raised $17.8 million to become a superior place to shop for beer, wine and liquor in Austin, Baltimore, Boston, Chicago, Denver, Indianapolis, Los Angeles, New York City, Providence, Seattle, St. Louis and Washington D.C., and other cities across the United States. For more info, visit www.drizly.com.
Brand Networks To Acquire Social Advertising Platform SHIFT
Brand Networks, the leading provider of relevance-driven social marketing and advertising software, today announced that it will acquire SHIFT, the award-winning platform for cross-network social advertising and collaboration, in a $50 million cash and stock deal. The acquisition creates the world’s leading social marketing platform with relevance at its core—powered by RelevanceRank, a proprietary technology also announced today. RelevanceRank is designed to help marketers achieve the highest possible levels of effectiveness and efficiency at every stage of the social marketing process.
With the acquisition, the Brand Networks platform will power over $500 million in social advertising spend for more than 650 of the world’s best known brands and agencies, such as Interpublic Group, WPP, American Express, AT&T, InBev, Discover, Yahoo! and Unilever. Customers include half of the Fortune 100 as well as 17 of AdAge’s 25 Most-Advertised Brands. This pushes the company to the forefront of an industry expected to top $16.2 billion in domestic spending by 2019. READ MORE
Teradyne to Acquire Universal Robots
Teradyne has signed an agreement to purchase Universal Robots (UR), the world’s leading maker of collaborative robots (cobots), based in Odense, Denmark. Cobots are low-cost, easy-to-deploy, simple-to-program robots that work side by side with production workers to improve quality and increase manufacturing efficiency. They automate tasks including machine tending, packaging, gluing, painting, polishing and assembling parts and are deployed in the automotive, food and agriculture, furniture and equipment, metal and machining, plastics and polymers, and pharma and chemicals industries.
Teradyne will provide revenue synergies, financial strength and global reach that will help accelerate Universal Robots growth. The acquisition provides Teradyne early access in an emerging market on the cusp of rapid growth. READ MORE
Citrix to Acquire Grasshopper
Citrix announced that it has entered into a definitive agreement to acquire Grasshopper Group, LLC, a leading provider of cloud-based telephony solutions for small businesses. Closing of the acquisition is subject to certain government consents and other closing conditions. The company expects that the deal will close in the second quarter of 2015.
The terms of the acquisition were not disclosed. READ MORE
Cybereason Closes $25 Million Series B Funding Round
Cybereason announced today that it closed $25 million in Series B funding, which will be used to expand its Research and Development and Sales and Marketing teams. Spark Capital led the round with participation from existing investor CRV and strategic investor Lockheed Martin.
Additionally, Lockheed Martin, which is already a current Cybereason customer, will integrate the Cybereason Detection and Response Platform into its various cyber security offerings. Additionally, Santo Politi, Founder and General Partner at Spark Capital has joined Cybereason’s board. READ MORE
Rapid7 Acquires NT OBJECTives (NTO)
Rapid7, a leading provider of security data and analytics software and services, announced today that it has acquired NT OBJECTives (NTO), the web and mobile application security testing company, expanding Rapid7's Threat Exposure Management offering to further meet the needs of modern business infrastructures. NTO's application security testing solution - trusted by many Fortune 500 companies - analyzes web applications for security vulnerabilities and maximizes organizations' ability to effectively reduce IT security risk. Rapid7 is offering this technology under the name Rapid7 AppSpider, available immediately to customers.
The addition of the AppSpider suite to Rapid7's Threat Exposure Management solutions provides information security teams with the ability to assess risk in assets and applications in their environments. This is combined with analytics to identify the most impactful actions that can reduce IT security risk. This approach enables users to make decisions based on business context and threat validation through automated attack simulation. READ MORE
PTC to Acquire ColdLight
LiveWorx 2015. It’s On! – PTC (Nasdaq: PTC) today announced it has signed a definitive agreement to acquire ColdLight, a visionary in big data machine learning and predictive analytics, for approximately $105 million. The acquisition of ColdLight’s Neuron automated predictive analytics platform will enrich PTC’s technology portfolio and extend PTC’s position as a leader in the Internet of Things (IoT) market.
ColdLight will serve as PTC’s core data analytics platform to deliver new value to markets both companies serve today – manufacturing, healthcare, media and retail – as well drive growth across new markets. When combined with PTC’s ThingWorx® IoT platform, ColdLight’s Neuron will automate the analysis of data from things to address a range of important challenges. These challenges include detecting failure patterns from data, modeling correlations, predicting failures, prescribing remedies and prioritizing recommendations against cost constraints. ColdLight’s Neuron platform addresses these challenges by using artificial intelligence and machine learning technology to automatically and continuously learn from data, discover patterns, build validated predictive models and send information to virtually any type of application or technology. READ MORE
SessionM Secures New $12M Round of Funding
SessionM, the market leader in mobile-first loyalty and engagement solutions, today announced that it has closed a new $12M investment round led by Causeway Media Partners, a growth equity firm focused on investments in technology and media relating to sports founded by Boston Celtics principal owner Wyc Grousbeck, with additional participation from NTT Docomo Capital, Commerce Ventures and existing investors Highland Capital Partners, Charles River Ventures and Kleiner Perkins Caufield & Byers. The investment is the latest milestone for SessionM, having seen its revenue double every year for the past three years while booking eight consecutive quarters of double-digit sequential growth.
“Our 1,500 app developer clients know that our platform keeps customers and keeps them engaged longer,” said SessionM CEO and co-founder Lars Albright. “Big brands now know that mobile is the central point for customer engagement and isn’t just about apps. With the SessionM mobile enterprise platform, they’re now able to act accordingly across the whole consumer experience to better engage, message and target their most valuable consumers. We do all this while integrating with existing solutions and in the process make the entire marketing stack more intelligent and effective.” READ MORE
Flare Capital Raises $200M
Flare Capital Partners, a healthcare technology venture capital firm, today unveiled its first fund under the new Flare Capital brand. This new fund is one of the largest dedicated healthcare technology venture capital investment funds raised to date. Flare Capital, previously known as Foundation Medical Partners, will continue to manage three Foundation Medical Partners’ funds.
In addition, Flare Capital has announced the appointment of Kristen Laguerre as Partner and Chief Financial Officer. Kristen joins the Flare team with more than 15 years of financial leadership and management experience in the investment industry, most recently as Partner and CFO at Atlas Venture and previously VP Finance at SoftBank Capital. Additionally, Dr. Dan Gebremedhin joins the team as a Senior Associate from Harvard Pilgrim Health Plan where he was the Associate Medical Director focusing on population health and medical informatics solutions. READ MORE
Imprivata Acquires HT Systems
Imprivata®, (NYSE: IMPR), the healthcare IT security company, today announced it has acquired HT Systems, the market leading provider of palm-vein based biometric patient identification systems, to enter into the emerging patient identification market, which Imprivata estimates to be approximately $2.0 billion globally. The acquisition of HT Systems and its PatientSecure® biometric patient identification technology supports Imprivata’s long-term vision to be the leading provider of healthcare IT security solutions that increase provider productivity, enable patient engagement, and improve patient safety.
“The acquisition of HT Systems represents our first strategic investment in expanding our market to patients. Patient engagement is going to become a critical part in the providing of care across the healthcare continuum,” said Omar Hussain, president and CEO of Imprivata. “Without systems for secure patient identification and access, meaningful patient engagement across the care continuum will be nearly impossible. We are very excited that with HT Systems, we are acquiring a leading biometric patient identification product that we can leverage through our global distribution channel and partner ecosystem to expand rapidly and meet our customers’ needs.” READ MORE
* Learn more about Imprivata on their BIZZpage
Circle Raises $50M
Today we announced a major step forward in the execution of our vision and product strategy. We've closed a new $50 million strategic investment round co-led by Goldman Sachs and IDG Capital Partners.
And for the first time, we're giving Circle customers the ability to hold, send, and receive US dollars as well as bitcoin -- instantly, securely, and with no fees. In addition to sending and receiving dollars, customers can also enjoy the benefits of the Bitcoin network without the risk of price volatility.
Goldman Sachs and China-based IDG Capital Partners were joined by all of Circle’s existing investors in the round, including Breyer Capital, General Catalyst Partners, Accel Partners, Oak Investment Partners, Fenway Summer, Digital Currency Group, Pantera Capital, and strategic individuals. READ MORE
Crayon Raises $1.5M
Crayon, the visual inspiration platform for marketers, announced today that it has raised a $1.5M round of angel investment to help marketers execute better digital marketing projects. The funding comes from top Angel investors in Boston, New York and San Francisco, including Dharmesh Shah, Brian Halligan, Mike Volpe, Eric Ries, Ed Roberts, Othman Laraki, Jonah Goodheart, and Jennifer Lum, among others. Common Angels and Boston Syndicates are also backing the company. The funding will be used to accelerate product development. READ MORE
Infinidat Announces $150 Million Investment
Infinidat, a leading provider of advanced enterprise-class storage solutions, today announced a $150 million investment led by TPG Growth, the growth equity platform of global investment firm TPG. This second round of funding brings the company’s total funding to $230 million, and the Company’s post funding valuation to $1.2 billion. TPG will join Infinidat’s board of directors. Terms of the transaction were not disclosed.
Moshe Yanai, Infinidat CEO, founded the Company in 2011 to create solutions for the most pressing information storage problems facing today’s enterprises. Yanai is a prolific entrepreneur and storage industry pioneer with a track record of developing winning storage architectures, including industry standard storage products that Infinidat challenges. READ MORE
Cintell Raises $800K in Seed Funding
Saas Startup Expands Team, Opens New Office In Downtown Boston, Launches Private Beta, And Announces Hiring Plans
Cintell, a customer intelligence platform used by companies to better understand their buyers, today announced that it has closed $800,000 in a Seed round of financing. The round was led by angel investor and entrepreneur Venkat Janapareddy, whose startup Gozaik was acquired by Monster Worldwide. The financing will be used to fuel product development, hiring, and user acquisition as the company continues to execute on an aggressive roadmap of planned features and functionality.
The announcement comes shortly after the company formally revealed its plans to bring buyer personas and customer intelligence to the cloud in early 2015. In that time, the team has expended to seven cross-functional individuals including a team of engineering resources and CTO, Data Scientist Shyam Vaidhyanathan to oversee technology operations. The company has also added marketing consultant Samantha Stone as an advisor to help Cintell clients formulate successful buyer intelligence strategies.
Cintell has also opened a downtown Boston office location, and earned local traction as finalists for Boston’s Best Startup award from Tech in Motion and the Babson B.E.T.A. (Babson Entrepreneurial Thought and Action®) Challenge. It also today announced open positions in customer success and engineering in Boston. More detail on career opportunities can be found at www.cintell.net/jobs
“The ability to continually understand buyers in ever-changing markets is such an important pressure facing B2B organizations today,” said Richard April, SVP of Marketing at Repsly. “This funding puts Cintell in a great position to disrupt the marketing technology space by giving marketers the tools to address this issue.”
The Cintell customer intelligence platform is currently being tested by customers in a private, invite-only beta. To request an invitation as either an end-user company or marketing agency, please visit http://cintell.net/beta-request
Iron Mountain Acquires Recall Holdings Limited
Iron Mountain Announces Agreement in Principle to Acquire Recall Holdings Limited for 0.1722 of an Iron Mountain Share for Each Recall Share; Partial Cash Alternative of A$8.50 per Recall Share
Iron Mountain (NYSE:IRM), the storage and information management company, today announced that it has reached an agreement in principle with Recall Holdings Limited to acquire Recall by way of a recommended court approved Scheme of Arrangement for 0.1722 of an Iron Mountain common share for each Recall share (the “proposed transaction”). The proposed transaction between the companies is contingent on Iron Mountain and Recall conducting confirmatory due diligence and negotiating and executing mutually acceptable merger documentation and other terms and conditions. This agreement in principle does not assure that a definitive agreement regarding the proposed transaction will be reached or that any transaction between the companies will actually occur.
Iron Mountain president and CEO William L. Meaney said, “Our proposed transaction with Recall represents a compelling value proposition that we expect will generate significant synergies and be highly accretive after year one for both companies’ shareholders. In addition, Recall shareholders will directly benefit from the upside in future performance of the combined company and from any share appreciation of Iron Mountain common stock if the merger occurs. READ MORE
Blank Label Closes $1.1 Million
Per Xconomy, Blank Label, which sells men’s clothing online and offline, has closed its first outside funding round: $1.1 million from a who’s who of young Boston-area angel investors, including Drew Volpe from Locately and Semantic Machines; Mike Salguero of CustomMade; Art Papas from Bullhorn; Roy Rodenstein of TrueLens; and Jennifer Lum from Adelphic Mobile.
The round (raised over the past year or so) is modest and fits the company’s trajectory. Blank Label was launched in 2009 as an online-only retailer. It rode a wave of mass customization companies, offering things like a “configurator” to let people choose their own fabric, stylings, and so forth. Along the way, Bi left the U.S. because of visa issues (he’s Australian), moved to Shanghai, came back to Boston in 2011, and now runs the 12-person company in Downtown Crossing. READ MORE