Mavrck Announces $2.5M Series A Funding
Mavrck, out of Techstars Boston, today announced $2.5M Series A funding from GrandBanks Capital... READ MORE
Splitwise Raised $1.4M
I’m happy to announce today that Splitwise has raised $1.4MM in new seed funding from leading tech investors. Raising outside money means we can continue to invest in building the world’s best product for reducing the stress of money in relationships. Hooray! READ MORE
Autodesk Acquires Terrible Labs
As reported by Dennis Keohane and BetaBoston, Autodesk has acquired local mobile and Web app development shop Terrible Labs.
American Well Raises $80 million Series C Funding Round
Telehealth Leader Files with SEC in oversubscribed $80 million Series C Funding Round
Today, national telehealth leader American Well announced that it has raised additional capital and added new institutional, private equity, and corporate partners to its ownership roster. Among its strategic investors are now some of the largest health plans and academic medical centers in the nation who provide both financial support and strategic guidance to advance the company’s leadership in mobile and web services. American Well immediately connects U.S. board-certified physicians with patients for live, on-demand video visits 24-7, and handles all related administrative, security and record keeping functions.
“Telehealth is about to completely change how people get healthcare,” said Doug Wenners, Senior Vice President for Provider Engagement and Contracting at Anthem. “This is just the beginning of the revolution and we are proud to partner with and invest in American Well, the clear leader in this space.” READ MORE
Dunwello Adds Funding
As reported by BostInno, Dunwello adds funding.
New investors include Jeff Seibert and Wayne Chang of Twitter, and HubSpot co-founder/CTO Dharmesh Shah and Dave Balter. READ MORE
Carbonite Acquires MailStore
Today, Carbonite announced an agreement to acquire MailStore, a leader in email archiving solutions based in Germany. I wanted to take a moment to fill you in on why we’re so excited.
Carbonite has spent the last couple of years building up our suite of powerful yet simple cloud and hybrid continuity solutions for small and midsize businesses – focusing on server and workstation backup and recovery. As we moved deeper into the SMB market, we saw that many channel partners and SMBs want email archiving as part of their overall business continuity strategy. READ MORE
Neurala Closes Seed Round Investment
Neurala, Inc., which builds software that makes robots smarter so that people can tell a robot what to do instead of how to do it, announced today that it had closed a seed investment round of $750,000. The round was led by the fund run by well-known venture capitalist Tim Draper, Draper Associates Investments, LLC, and by Robolution Capital, the Paris-based venture capital fund dedicated to service robotics.
A pioneer in deep learning technologies that mimic the functions of the human brain, Neurala was named one of the 50 most influential robotics companies in 2014 by Robotics Business Review. The company holds a fundamental patent for the use of deep learning algorithms, often called Artificial Neural Networks (ANN), running on graphic processing units (GPUs), which were originally designed for computer games and 3D graphics. The invention is seen as an important foundation for real-time artificial intelligence READ MORE
Threat Stack™ Secures Additional $5M in Funding
Threat Stack, the provider of security solutions purpose-built for the Cloud, has raised an additional $5M in funding from Atlas Venture and .406 Ventures. The additional funding will be used to further develop and commercialize Threat Stack’s cloud security monitoring service, which officially launched last month, and expand its footprint with customers using Amazon Web Services.
Threat Stack’s Software-as-a-Service (SaaS) provides continuous security monitoring on application workloads, helping companies detect malicious activity and protect their systems from intrusions and data loss. Optimized for the cloud, Threat Stack uses a lightweight agent on the host to enable fast deployment, auto-scaling and flexibility in elastic environments. After a highly successful and over- subscribed beta program, Threat Stack launched on-stage in November at Amazon CTO Dr. Werner Vogel’s Start-up Launch keynote during the AWS re:Invent Conference.
“To address privacy and security challenges in the cloud, there exists a shared responsibility between customers and their Cloud Service Providers (CSP). Threat Stack provides a security solution that complements the CSPs existing set of security controls, and gives the customer a comprehensive security architecture for all of their cloud resources,” said Doug Cahill, CEO of Threat Stack. “Our investors share our vision and excitement for the way we’re addressing security challenges in the cloud. This latest round of funding demonstrates the support and confidence they have in the Threat Stack team as we make our move to expand and grab market share.”
The problem Threat Stack addresses is the visibility gap that exists in cloud environments. Since customers don’t have access to the physical infrastructure and can’t deploy traditional intrusion detection systems or other network-based security controls, they are left without the visibility they need to protect their customers and data. As a result, cloud-resident workloads and the data they access are vulnerable to malicious threats putting them at risk of intrusions and compromise.
“It’s no longer a question of if you are being hacked, but if you know that you are being hacked. Threat Stack brings an invaluable service to enterprises leveraging cloud-based infrastructure, particularly those running mission-critical applications,” said Chris Lynch, partner at Atlas Venture.
“As Cloud services are increasing, so are data breaches in the Cloud. It’s not enough to rely on your CSP’s security solution. With Threat Stack, customers can take more control of their applications and data security through the early detection of malicious activity,” Said Maria Cirino, managing director at .406 Ventures.
Threat Stack currently offers a 14-day, free trial of its software-as-a-service. Interested parties can signup on the company's website: https://www.threatstack.com/signup.html
About Threat Stack
Threat Stack provides continuous security monitoring for public, private, and hybrid cloud infrastructures protecting servers, and the data they access, from intrusion and data loss. Built in the cloud, for the cloud, Threat Stack is the first and only intrusion detection and auditing service purpose-built for cloud environments where network-based controls cannot be deployed. Threat Stack is lead by a team with extensive security and cloud computing experience from companies such as Mandiant, Cloudant, Symantec, Bit9, Juniper, and Dyn. Threat Stack is headquartered in Cambridge, MA. For more information visit https://www.threatstack.com.
READ MORE Coverage in TechCrunch
Maxwell Health Raises $26.4 Million in Series B Funding
One short year ago, Maxwell Health numbered just 14 people in a small office in Cambridge, MA. Today, we’re a dynamic team of 68 employees headquartered in downtown Boston, with remote offices in New York, Baltimore, Minneapolis, Denver, and Los Angeles, and hiring fast across all teams, all over the country. In 2014 alone, we grew our employer customer base by over 1000%, and the number of employees on our platform by over 3000%.
We want to take this opportunity to wholeheartedly thank our partners for working with us. We’re deeply grateful for the confidence you’ve had in our product, our mission, and our team. We excited to be a core part of your go-to-market strategy and look forward to a long-lasting relationship into the future. We wouldn’t be where we are today without you. READ MORE
Kaminario Secures $53 Million
Kaminario, the leading all-flash array storage provider for midrange enterprises, today announced it has closed a significantly oversubscribed $53 million financing round, bringing total raised capital to $128 million. In addition to existing investors Sequoia Capital, Pitango, Globespan, Tenaya and Mitsui, the round includes contributions from new investors, Silicon Valley Bank and Lazarus Hedge Fund, as well as a large public company. Kaminario will use the new investment to accelerate growth and extend go-to-market sales, marketing and support reach with its ultra-efficient, highly scalable and agile K2 all-flash storage array.
“Flash arrays have quickly exploded in the market because they can meet modern business needs in a way legacy solutions cannot,” said Haim Sadger, managing partner at Sequoia Capital. “The growing demand is pushing vendors to be more agile, scalable and cost-effective than ever before — and Kaminario has risen to the head of the pack. The speed with which the company has moved from early pioneer to a leading player in this burgeoning market is a testament to its world-class innovation and successful customer deployments.”
Accruent Acquires VFA, Inc.
Accruent, the leader in real estate and facilities management solutions, announced today that it has acquired Boston-based VFA, Inc. (VFA), the leading provider of end-to-end solutions for facilities capital planning and asset management.
According to the International Facility Management Association (IFMA), organizations worldwide invest more than $100 billion annually on renovating and maintaining their facilities and related assets. VFA’s cloud software solutions and consulting services enable customers to assess their real estate portfolios, allocate capital, and make better decisions to support their organizations’ mission and strategy. READ MORE
Essess Raises Funding
Essess, a Boston, MA-based thermal imaging technology provider, received a funding of undisclosed amount.
The round, which brought total funding to date to $10.75m, was led by existing backers Vocap Investment Partners, DFJ Athena and Constellation Technology Ventures, the venture capital arm of Exelon Corp., with participation from new investors, including Tamarisc, a venture capital firm focused on building technologies, and the Massachusetts Clean Energy Center. READ MORE
CloudLock Raises $6.7 Million in Financing
When we founded CloudLock almost 4 years ago we had a clear vision in mind – to help organizations transform their business by leveraging the cloud – in a secure way. Staying true to that vision, we have built CloudLock into the leader for cloud data protection, capturing security insight for more than 5 million enterprise users with more than 50 billion data objects every single day at some of the world’s largest companies.
With success come opportunities, and today marks a key milestone along the path of further accelerating our growth. We have closed a $6.7M funding round supported by our existing investors. The cloud security market is among the hottest sectors in technology. And while there was significant interest from the market in this round, we have always believed that building the most successful company is about managing growth responsibly and at the same time focusing on adding value for our customers. We couldn’t be more pleased to see the support and backing we’ve received from our existing investors, and we closed the round in what we believe is a record time during a period when the company is growing more than 100% year over year. READ MORE
Polaris Partners Raises $450M Fund
A $450 Million Partnership Investing in Technology and Healthcare Each new fund brings great opportunity to the world around us. Polaris Partners VII marks our ongoing commitment to advancing novel ideas and building breakthrough companies. True partnerships matter - and we are thrilled to embark on this next journey alongside extraordinary leaders who seek to make the world a better place. We wish to thank our companies, investors, and colleagues for placing their trust in us year after year, fund after fund. We're proud to be your partners and know that the best is yet to come. READ MORE
Disruptor Beam Raises $3.2 Million in Series A round
Disruptor Beam, the company that brings together worldwide fan communities with authentic games based on iconic worlds, has today announced it has secured a $3.2 million Series A funding round. The new funds will go towards the continued development of the company’s next game, Star Trek Timelines, as well as towards its community- centric gaming platform. In addition, new funds will help the company in its efforts to secure additional IPs for future game products, as well as to expand its team across all disciplines. For more information on Disruptor Beam, visit https://www.disruptorbeam.com/about.
This latest round consists primarily of new equity investors as well as conversion of existing debt. New investors in this round included Midverse Studios, GrandBanks Capital and a number of technology-oriented angel investors. Also participating were prior investors including CommonAngels, Romulus Capital, and angel investors including Harmonix founders Alex Rigopulos and Eran Egozy. READ MORE
Smarterer Acquired by Pluralsight for $75 Million
Utah-based Pluralsight today announced that it has acquired Boston-based Smarterer, an innovative skills assessment company, for $75 million.
Dave Balter (CEO) and Mike Kowalchik (CTO) founded Smarterer in 2010 with the mission to allow anyone, anywhere to prove their professional skills through credible verified scores.
Smarterer helps people manage the gap between the skills they have and the skills they need. By leveraging a library of the freshest crowdsourced tests, the company’s dynamic assessment engine can quantify anyone’s skill in as few as 10 questions and 120 seconds. READ MORE
Dispatch Closes $3.1M in Financing
Dispatch today announced the close of a $3.1M round of seed funding and unveiled the industry’s first scheduling and delivery platform for on-demand services. The company’s strategic financing was co-led by Promus Ventures and GrandBanks Capital, and included Salesforce Ventures, prominent individual investors Ray Lane and Mark Goldstein, as well as Launch Capital and Kima Ventures.
Dispatch’s proprietary platform brings businesses into the on-demand economy by providing enterprises with a mobile extension for their legacy systems and by offering a self-serve set of products and APIs for marketplaces and developers. Businesses rely on Dispatch to enable their customers to instantly find and book a scheduled or immediate service either online or through a smartphone, and allow the customer to track the arrival of their provider in real-time. READ MORE
Alfred Raises $2M
Today Alfred announced a $2M round of funding led by Spark Capital, along with SV Angel & CrunchFund. Alfred’s service is out of beta and is available in Boston and NYC.
Alfred Club is the first service layer on the shared economy that manages your routine across multiple on-demand and local services (e.g. Handy, Instacart, and the local dry cleaner). Members build a subscription to make their routine automatic, letting Alfred seamlessly coordinate services in their home, so they come home happy. READ MORE
WiGo Closes $700k
As reported by TechCrunch, WiGo has raised $700k. Tinder CEO, Sean Rad and CMO Justin Mateen took part in the round and will join WiGo as active advisors.
The round also includes investment from Paul English, founder of Kayak, as well as Rue La La and Lids founder Ben Fischman and Kevin Colleran, one of the first ten employees at Facebook.
WiGo, the first app that safely and securely shows college students who is going out at their school and where they're headed, is out of Enligh's startup foundry, Blade. You can read more about WiGo founder, Ben Kaplan and the app here.
READ MORE on the funding coverage from TechCrunch.
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
Indico Raises $3M in Funding
Indico announced a $3M seed round of funding during their pitch at Techstars. Investors in the round are General Catalyst, Two Sigma, .406 Ventures, and Boston Seed Capital. Indico is creating a new kind of development environmnet for machine learning... READ MORE
Lionbridge To Acquire CLS Communication
Lionbridge Technologies, Inc. (Nasdaq: LIOX) today announced a definitive agreement to acquire CLS Communication, a privately-held provider of translation solutions to clients in the financial services, industrial, public sector and life sciences markets. The combination of Lionbridge and CLS will address growing demand for integrated, technology-enabled translation solutions that allow organizations to create, translate and manage digital content worldwide.
Lionbridge expects to purchase CLS Communication for approximately 74 million Swiss Francs, or approximately $77 million US Dollars in cash, subject to estimated cash and debt adjustments at closing and certain post-closing adjustments. The acquisition is being funded using Lionbridge's existing cash and a new credit facility through its long-standing banking partner, HSBC, who is acting as the leading syndicator. READ MORE
Phoenix Strategy Investments Acquires PI Worldwide
PI Worldwide, a leader in workforce analytics and science-driven insights that help optimize the performance and potential of individuals, teams, and organizations, today announced that it has been acquired by Phoenix Strategy Investments. Terms of the transaction were not disclosed.
Phoenix Strategy was familiar with PI Worldwide long before the acquisition – the company's founders have used the company's Predictive Index® (PI®) system to drive employee productivity and development for nearly a decade. According to Phoenix Strategy Investments Founding Partner Mike Zani, the firm will accelerate investments in PI Worldwide's scientific research and solution suites, which have gained widespread global adoption and driven exceptional company growth in recent years. More than 2.5 million Predictive Index® assessments have been completed to date in 2014. READ MORE
Prelert Closes $7.5M Investment
Prelert, the anomaly detection company, today announced it has raised a $7.5 million round of venture capital financing from Intel Capital and existing investors, Fairhaven Capital and Sierra Ventures. This investment will enable Prelert to further expand its field sales and engineering organizations to leverage the growing interest in Anomaly Detective® from enterprises, cloud service providers and IT management providers.
As IT security and operations professionals struggle to find actionable insight within the overwhelming volume of machine-generated big data that their systems create, Prelert offers a solution to easily find operational threats, issues and opportunities as they are occurring. Using unsupervised machine learning technology, Prelert’s Anomaly Detective processes huge volumes of streaming data to learn what normal behavior looks like within an IT environment, and in real time, flags anomalous activity. READ MORE
Wanderu Raises $5.6M in Series A Funding
Wanderu, a Boston, MA-based provider of a travel search engine platform for bus and train rides, raised $5.6m in Series A funding.
The round was led by Metamorphic Ventures, with participation from Alta Ventures, 500 Startups, Barbara Corcoran Venture Partners, and individual investors Craig Lentzsch (former CEO of Greyhound), John Balen (general partner at Canaan Partners) and Brad Feld (managing director at Foundry Group), among others. READ MORE
Endurance International Group Acquires BuyDomains, Webzai & Arvixe For $77 Million
Endurance International Group Holdings, Inc. today reported financial results for its third quarter ended September 30, 2014 and it announced the purchase of the BuyDomains assets, a company related to web design called Webzai and web hosting company Arvixe for a total of about $77 million.
“We are pleased to report a quarter that exceeded expectations for revenue, adjusted EBITDA and unlevered free cash flow,” commented Hari Ravichandran, chief executive officer and founder of Endurance International Group. “During the quarter our paying subscribers increased by 94,000, or 12 percent over the third quarter of 2013, to more than 3.8 million total paying subscribers, and our average revenue per subscriber increased by 10 percent over the third quarter of 2013 to $14.49. We believe our results are a reflection of the effectiveness of our marketing and distribution platforms, which we expect will continue to propel our growth drivers and provide a solid basis for a sustainable, strong top line which will in turn drive healthy cash flows for the future.” READ MORE
BlueSnap Raises $50M Growth Equity Round
Global payment gateway BlueSnap announced today that the company has raised $50 million of growth equity from Great Hill Partners, Parthenon Capital Partners and BlueSnap CEO Ralph Dangelmaier. BlueSnap will use the new funding to expand operations for its global business and pursue strategic acquisitions.
BlueSnap has reinvented and optimized the checkout experience by combining intelligent payment routing, frictionless one-click checkout, cross-border payments, award-winning Smart Subscriptions, multiple integration options and dynamic eCommerce tools. With over 10 years of experience serving merchants around the globe, BlueSnap provides the most robust global gateway on the market, supporting shoppers in 180 countries with localization in 29 languages, 60 currencies and 110 payment types. READ MORE
Publicis Groupe to Acquire Sapient
Publicis Groupe (Euronext Paris: FR0000130577, CAC 40)and Sapient (NASDAQ: SAPE) today announced that they have entered into a definitive agreement under which Publicis Groupe will acquire Sapient in an all-cash transaction for $25.00 per share. The agreement has been approved unanimously by the Management and Supervisory Boards of Publicis Groupe and the Board of Directors of Sapient.
Maurice Lévy, Chairman and CEO of Publicis Groupe, said: “Sapient is a ‘crown jewel,’ a one of a kind company born in the technology space with strengths in marketing, communications, consulting and omni-channel commerce, all of which are equally important to best help clients achieve their digital transformation. It will also give Publicis Groupe access to new markets and creating new revenue streams. This acquisition fulfills many of Publicis Groupe’s objectives: we will enhance our leadership position in digital, achieve our goal of deriving 50% of our revenues from digital and technology three years ahead of our 2018 plan, and leverage technology, consulting capabilities to expand in new verticals, and offering new and exciting opportunities to our talents.” READ MORE
Visible Measures Secures $7 Million in Growth Capital
Visible Measures, the leader in Content Advertising, today announced that it has closed a $7 million investment round with participation from General Catalyst Partners, Mohr Davidow Ventures, DAG Ventures, Northgate Capital, Commonfund, and Advance Publications. The company will use the funding to continue to help brands win the battle for consumer attention by programmatically leveraging video and native advertiser content.
“There is competition for consumer attention in every major advertiser category. With more noise and media fragmentation than ever before, the question facing modern marketers is ‘How can I win more share of attention for my brand and products?’ The answer is being able to engage audiences with content advertising, programmatically through video and native,” said Brian Shin, CEO and Founder of Visible Measures. “This funding enables us to continue pushing the boundaries of the emerging Content Advertising category, which combines critical aspects of Content Marketing, Programmatic Advertising, and Marketing Automation to deliver maximum brand advertising effectiveness for marketers.” READ MORE
Fashion Project Raises $7.2M in Funding
As reported by Boston Business Journal, according to a regulatory filing, Fashion Project, a marketplace for new and gently-used designer clothing and accessories that gives back directly to the donor’s charity of choice, has raised nearly $7.2 million in new equity funding. READ MORE