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
EMC Acquires Cloudscaling, Maginatics and Spanning
Today EMC Corporation (NYSE:EMC) announced the acquisition of three cloud technology companies: The Cloudscaling Group, Inc., Maginatics, Inc. and Spanning Cloud Apps, Inc. Each company brings to EMC deep expertise and powerful capabilities that enable EMC to extend the reach of its hybrid cloud vision across cloud infrastructure, storage and data protection. The acquisitions, together with today’s announcement of the EMC Enterprise Hybrid Cloud Solution, underscore EMC’s commitment to customers to deliver choice and agility in hybrid cloud deployments.
Businesses are demanding more than ever from IT. They want choice in devices, rapid creation and deployment of new services, and flexibility as to where applications live, how they are managed and by whom. Against this backdrop, they want to do more with less, lower their costs and have the ability to scale instantaneously. To meet these expectations IT organizations must deliver IT-as-a-Service (ITaaS) via a Well-Run Hybrid Cloud that brings together the performance, security, and control of private cloud with the flexibility and cost advantages of public cloud. READ MORE
Digital Lumens Secures $23 Million in New Financing
Digital Lumens, the leader in intelligent LED lighting, today announced $23 million in funding from new investors Nokia Growth Partners, Aster Capital, and Goldman Sachs, and current investors, Flybridge Capital Partners, Black Coral Capital, and Stata Ventures. Funds will be used to scale operations, expand product development, and increase sales and marketing as the company rapidly bolsters its global footprint. (Translated versions: French, Spanish, Italian and German)
“From consumer to industrial markets, the connected world presents new opportunities for efficiency, insight, comfort, safety, and operational intelligence – all delivered via next-generation lighting systems,” said Tom Pincince, President and CEO of Digital Lumens. “Our platform gives customers the most direct access to enterprise-scale building and energy intelligence – through the lens of their lighting network. With deep roots in traditional industrial infrastructure and strong commitments to the IoT, our investors see Digital Lumens as the embodiment of the connected enterprise, and are excellent partners for our continued technology and market expansion.” READ MORE
Progress Software Announces Intent to Acquire Telerik
Progress Software Corporation (NASDAQ:PRGS) today announced that it has entered into a definitive agreement to acquire privately held Telerik AD, a leading provider of application development tools, for $262.5 million. Telerik enables its 1.4 million strong developer community to create compelling user experiences across cloud, web, mobile and desktop applications. Telerik's revenue for the last twelve months was over $60 million, with annual bookings growth of over 20%. Progress expects the addition of Telerik to be slightly accretive on a Non-GAAP basis in the first year following the acquisition.
The combination of Progress and Telerik will create a comprehensive cloud and on-premise platform offering that enables developers to rapidly create beautiful applications driven by data for any device or cloud. The combined offering will enable developers to create highly personalized user experiences, powerful applications and connections to multiple data sources without being limited by cloud or device. READ MORE
BitSight Acquires AnubisNetworks
BitSight Technologies, the standard in Security Ratings, today announced the acquisition of AnubisNetworks, a real-time data threat provider based in Porto, Portugal. The integration of AnubisNetworks extends BitSight’s position as the leading provider of information security ratings for organizations around the world. AnubisNetworks is already incorporated into the BitSight technology, and it will continue to serve as a key provider of the data that drives BitSight’s world-class ratings.
“Anyone can score a company’s information security, but it takes a powerful analytics technology like the AnubisNetworks platform to provide the quality, breadth and innovation necessary to truly rate a company’s security effectiveness,” said Shaun McConnon, CEO of BitSight Technologies. “We are delighted to be able to leverage the unique technology, cyber skills and business friendly environment that we have encountered in Portugal.” READ MORE
Benu Announces $27.7 Million Strategic Funding
Benu Networks, the innovative provider of networking and software solutions for network operators deploying Wi-Fi and Cloud services, announces strategic investors Liberty Global Ventures and Arris Group participate in Benu’s funding round of $27.7 Million. In addition, Benu announces the hiring of industry tech veteran Dino Di Palma as Chief Executive Officer. Existing investors Spark Capital, Sutter Hill Ventures, and Comcast Ventures also participate.
“Benu’s innovative solution will allow operators to deliver services and manage policies on a user and device level irrespective of access type. This approach opens up a range of new business opportunities in terms of service innovation, delivery cost, and velocity” said Dan Hennessy, Chief Architecture Officer at Liberty Global. READ MORE
Fiksu Secures $10 Million in Debt Funding
BOSTON – OCTOBER 21, 2014 – Fiksu (www.fiksu.com), a data-driven mobile ad tech company, today announced it secured $10 million in mezzanine debt funding from Silicon Valley Bank. The company plans to use the funding to continue to support further global expansion and ongoing development for the company’s award winning Programmatic Mobile Demand Platform. This financing comes on heels of the announcement that the company surpassed $100 million in annual revenue and hired Kenneth Goldman as CFO.
Fiksu experienced exceptional growth this year, adding over 100 employees bringing the employee count to almost 300 and driving over 1 billion client downloads in nine months, accelerating the company's trajectory as the leader in mobile marketing. Fiksu counts leading brands such as Coca-Cola, Disney, The New York Times, Dunkin’ Donuts, Groupon and Topps among the customers it works with to optimize mobile ad targeting and enhance campaign performance.
“This has been a banner year of domestic and international growth, marquee customer wins and unprecedented revenue milestones for Fiksu,” said Kenneth Goldman, CFO, Fiksu. “This financing enables us to continue to capitalize on the burgeoning market opportunities before us, and the partnership with Silicon Valley Bank—with its proven history of success working with high tech innovators—will certainly help us to reach our expansive growth goals.”
In addition to offices in San Francisco and Northampton, Massachusetts—and overseas in London, Finland, Singapore, South Korea and Japan—the company is doubling its office space in its Boston headquarters and recently opened new U.S. offices in New York City, Chicago and Los Angeles. Fiksu expects to continue aggressively expanding its global workforce in the coming year.
“It is our pleasure to work with Fiksu, and other innovative companies around the world that are leading their industries, as they reach new levels of success and pursue ambitious goals,” said Dan Allred, market manager, of Silicon Valley Bank in Boston. “Our aim is to help the Fisku team move its business forward quickly with the right financing, connections and global services it needs as the company expands globally and prepares for its next phase of growth.”
Fiksu has previously raised two rounds of equity funding from Charles River Ventures and Qualcomm Ventures.
Fiksu is the leading provider of mobile marketing products. A data-driven mobile ad tech company, the power of Fiksu is fueled by information assets from over 3.3 billion app installs and 4.7 trillion marketing events tracked across 1.7 billion devices. The company’s patent-pending Programmatic Mobile Demand Platform applies intelligent technology to proprietary big data to master ALL the challenges of mobile advertising – including tracking, optimization, media buying and integration. This cohesive approach spans the entire mobile ecosystem and ultimately delivers the best marketing performance. Additionally, Fiksu offers FreeMyApps®, the world’s largest app discovery platform where users are rewarded. Based in Boston, Mass., Fiksu is venture-backed by Qualcomm Ventures and Charles River Ventures. More at www.fiksu.com, @Fiksu, and on the Fiksu blog.
About Silicon Valley Bank
Banking the world's most innovative companies and exclusive wineries, SVB offers diverse financial services, knowledge, global networks, and world class service to increase our clients' probability of success. With more than $33 billion in assets and more than 1,700 employees, we provide commercial, international and private banking through our locations around the world. Forbes Magazine ranks us among America's Best Banks and Fortune named SVB one of the best places to work. (Nasdaq: SIVB) www.svb.com.
Silicon Valley Bank is the California bank subsidiary and the commercial banking operation of SVB Financial Group. Banking services are provided by Silicon Valley Bank, a member of the FDIC and the Federal Reserve System.
Silicon Valley Bank
Cazena Raises $8 Million In Series A Funding
BIG DATA STARTUP CAZENA RAISES $8 MILLION IN SERIES A FUNDING LED BY ANDREESSEN HOROWITZ & NORTH BRIDGE VENTURE PARTNERS
Cazena today announced it has assembled a team of technology luminaries to take on the next challenge in big data. To execute its vision, Cazena has raised $8 million in Series A funding led by Andreessen Horowitz and North Bridge Venture Partners.
Cazena was founded by former leaders from Netezza where the team pioneered big data appliances. Netezza was acquired by IBM in 2010 for $1.7 billion. “We are thrilled to announce Cazena and our investors,” said Prat Moghe, founder and CEO of Cazena. Moghe was previously senior vice president at Netezza, where he launched the latest generation of its market-leading appliance and brings a wealth of experience in the space. “Today big data is too hard and too slow. It takes months to implement enterprise big data infrastructure, and millions of dollars of on-going annual investment of resources that do not scale with growing data.” READ MORE
Lose It! Raises Seed Round of Funding
Lose It!, a consumer web & mobile companies in the Boston area, has raised an initial round of seed capital led by General Catalyst.
Digital Guardian Acquires Armor5
Digital Guardian, the only security solution to protect data from insider and outsider threats with a single agent, has acquired Armor5, a 2014 Gartner Cool Vendor in Application and Endpoint Security.
Armor5 offers the only zero touch, 100% cloud-based or on-premise solution that enables access to a company’s network, virtualizes enterprise data and applications, and provisions secure and compliant access for every end user. The Armor5 Zero Touch approach requires no installs or configuration on the device or DMZ, operates without a performance deficit and leaves no data on mobile devices. Armor5 protects enterprise data resources when accessed from any device. It was founded in 2012 by former executives from Adobe, Motorola and Yahoo and was backed by Citrix Startup Accelerator, Trinity Ventures and Nexus Venture Partners. READ MORE
Quantopian Raises $15M in Funding
Algorithmic investing platform, Quantopian announced today that it has secured $15 million in Series B financing from lead investor Bessemer Venture Partners (BVP), with returning top-tier investors, Khosla Ventures, Spark Capital, and Wicklow Capital also participating. With this round of funding, the company will develop the Quantopian Managers Program - a hedge fund that allocates capital to the top-performing quants in the community.
As part of the funding, BVP partner Rob Stavis will join the board of directors. “Quantopian is the premier developer platform for algorithmic trading across various security types and has an unparalleled community of top algorithmic and financial talent,” said partner, Rob Stavis. “We are excited to work with Quantopian to create a new category in asset management. For Bessemer, it’s an exciting business that exists at the intersection of two areas of investment interest: disruptive asset management and platforms for software developers...READ MORE
Demandware Acquires CQuotient
Demandware® Inc. (NYSE: DWRE) the industry-leading provider of enterprise cloud commerce solutions, today announced that it has acquired CQuotient, a next-generation cloud personalization provider.
The acquisition of CQuotient will accelerate Demandware’s plans to turn the valuable data created across its community of leading retail brands into actionable insights that empower retailers to optimize their business and differentiate consumer shopping experiences. READ MORE
EverTrue Raises $8M Series B
EverTrue (www.evertrue.com), a social donor management platform, today announced $8Min Series B funding led by Bain Capital Ventures, with participation from Silicon Valley Bank. This latest round of funding brings the company's total financing to $14.5M. EverTrue plans to use the capital to support further investments in engineering, data science and customer success.
TechStars Boston alumnus and MassChallenge winner EverTrue works with more than 250 organizations, including leading higher education institutions and independent schools. Powered by social networks including LinkedIn and Facebook, the EverTrue platform provides real-time intelligence to support donor identification and prospect management... READ MORE