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
Swirl Closes $18 Million Investment
Swirl Networks, Inc., provider of the leading proximity-based indoor mobile marketing platform, announced today that it has raised $18 million in equity financing from Hearst Ventures, SoftBank Capital, Twitter Ventures and other strategic investors. Venture capital firm Longworth Venture Partners also participated in the round. The Series C round brings Swirl’s total funding to date to $32 million. The new capital will be used to expand Swirl’s sales and marketing operations and to fuel aggressive investment in product innovation to meet accelerating demand from major retailers and brand advertisers for beacon-powered indoor mobile advertising. Leading companies including Lord & Taylor, Hudson’s Bay, Urban Outfitters, Marriott, Alex and Ani, and Timberland use the Swirl platform.
According to BI Intelligence, beacons will be deployed by 85 percent of the top 100 U.S. retailers by the end of 2016 and beacon marketing will influence $44B in retail sales. By leveraging Bluetooth Low Energy and Apple’s iBeacon™ technologies, the Swirl platform helps retailers and brands deliver highly relevant digital content and offers to consumers’ smartphones while they shop in specific areas of a store. A recent consumer study by Swirl found that 73 percent of shoppers who received beacon-triggered content were more likely to make a purchase during their store visit. Swirl in-store mobile marketing campaigns are already generating strong results, with 60 percent of shoppers opening and engaging with beacon-triggered content and 30 percent redeeming relevant offers at the point of purchase. READ MORE
Deep Secures $8 Million in Series A Round
Deep Information Sciences, the company that reinvented database science for the Big Data age, today announced it has closed $8 million in Series A funding. The round, led by notable investment firms Sigma Prime Ventures and Stage 1 Ventures, and including AlphaPrime Ventures, brings the total invested in Deep to $18 million. The monies will be used to build out Deep’s sales, marketing and development capabilities as the company goes to market with Deep Engine, the first adaptive plug-and-play solution that transforms any database into a Big Data solution.
“Deep was founded to address the well-known problem that, no matter how you try to optimize them, existing databases don’t have anywhere near the performance, scale and agility needed for the emerging Big Data world,” said Les Yetton, CEO, Deep Information Sciences. “We’re extremely pleased that Sigma Prime, Stage 1 and AlphaPrime, all premier technology investors, believe in the unique approach Deep is taking to resolve this problem and our ability to execute on our vision.” READ MORE
Advanced Practice Strategies, Inc. Completes $12M Series C Financing
Advanced Practice Strategies, Inc. (APS), provider of an e-learning and talent management platform for clinicians, announced today the completion of a $12M Preferred Series C capital raise led by River Cities Capital Funds, a growth equity firm investing in healthcare and IT companies. Incumbent investor Ascension Ventures also participated.
“APS helps health systems deliver superior outcomes by personalizing the education that each caregiver receives,” says Rik Vandevenne, Director at River Cities Capital Funds, who joins the APS Board of Directors. “The stellar management team, unique provider-specific data and blue chip customer list combined with rapid growth attracted us to the company. We’re honored to partner with APS.” READ MORE
Raytheon and Vista Equity Partners to Form New Cybersecurity Company
Raytheon Company (NYSE: RTN) has entered into a definitive agreement with Vista Equity Partners to form a new company combining Websense, a Vista portfolio company, with Raytheon Cyber Products, a business unit of Raytheon's Intelligence, Information and Services (IIS) segment. The new company will leverage Raytheon's advanced cybersecurity technologies and Websense's industry leading TRITON® platform to provide a new level of defense-grade cybersecurity to combat the evolving cyber threat environment.
"The market for advanced cyber solutions that protect and defend global industry and infrastructure is rapidly growing due to the sophisticated threats posed by well-funded, nation-state adversaries and criminal networks. As the business enterprise evolves to meet the networked demands of today's mobile and cloud economy, these threats will grow in size and scale," said Thomas A. Kennedy, Raytheon Company Chairman and CEO. "The new joint venture will combine Raytheon Cyber Products and Websense capabilities to deliver the advanced, defense-grade technology solutions needed to meet this evolving threat." READ MORE
Interactions Raises $10M
As reported by Sara Castellanos and the BBJ, Interactions, a Franklin-based virtual assistant technology company that works to improve conversations between humans and automated customer service software, has landed $9.5 million in new funding. READ MORE from BBJ.
haystagg Announces More Than $600k in Investment
haystagg today announced the addition of several prominent investors - Mark Cuban, Barbara Corcoran Venture Partners and Kima Ventures, combining for a total investment of over $600,000. The company, a pioneer in situational targeting, welcomes these investors for their added business value and ongoing support in extending haystagg’s advertiser base.
haystagg is used by agencies and advertisers to significantly expand reach as well as performance in digital advertising campaigns, beyond the capabilities of other solutions in the market. Since cookies and digital fingerprints are poor representatives for consumers, haystagg replaces these outdated identifiers with an effective real-time approach to assess and capitalize on the value of each single ad impression for each advertiser. Early traction and a strong roster of clients are proof points that haystagg’s real-time situational targeting approach to digital advertising works, and it’s these compelling factors that attracted all three investors to the investment.
President, Michael Ouellette said “haystagg has fantastic resonance in the market – we beat our 2014 revenue targets and are on track to do the same in 2015. Our investors help us to create more products that advertisers will love. We highly appreciate that their networks open additional doors in the advertiser and investment community.”
Mark Cuban is an American entrepreneur and investor. Cuban counts the Dallas Mavericks, AXS tv, Landmark Theatres, and Magnolia Pictures among his current holdings. He founded and sold MicroSolutions in 1990, for $6M, and Broadcast. com in 1999 for $5.6B. One of the “Sharks”, on ABC’s SHARK TANK, Cuban is a prolific investor, investing in a diverse portfolio of businesses.
Barbara Corcoran Venture Partners
Barbara Corcoran is the founder of Barbara Corcoran Venture Partners. A “Shark” on ABC’s hit TV show, SHARK TANK, Barbara has personally invested in 22 businesses. Her newest book, SHARK TALES, gives readers a chance to look behind-the- scenes, into her life, her business and her very public venture capitalism.
The Kima Ventures fund was started in 2010 by entrepreneurs for entrepreneurs. Their goal is to support and finance innovative companies across the globe with seed capital. Kima Ventures partners with the best business angels, venture capitalists and funds, and invests primarily in projects that meet a simple need and have a simple business model.
haystagg is the pioneer in situational targeting. This technology reveals untapped audiences inside and outside of known cookie-pools, dramatically extending the reach of ad campaigns across channels. haystagg’s precision targeting technology ensures every ad view meets the ideal combination of audience, content, time, geography & device. For more information visit www.haystagg.com.
Rethink Robotics Raises Another $13.4M to Close out $40M Series D Financing
Rethink Robotics announced that the company’s Series D financing is now closed with the addition of Wellington Management Company LLP joining GE Ventures and Goldman Sachs as significant new investors in the round. As previously announced, existing investors Bezos Expeditions, CRV, Highland Capital Partners, Sigma Partners, Draper Fisher Jurvetson and Two Sigma Ventures also participated in the $40 million Series D round. The company announced the first tranche of $26.6M in January and a combination of Wellington Management Company and existing investors contributed the remaining $13.4M in March. Total investment in the company is now $113.5 million.
The funds will fuel Rethink Robotics’ rapid growth and global expansion, and drive product innovations that will continue to raise the bar for collaborative robots in manufacturing. Sawyer, the company’s new high-performance, single-arm robot, was introduced last month, to substantial market demand for its ability to perform a variety of precise tasks including machine tending and circuit board testing. All of Rethink’s collaborative robots are designed to easily and cost-effectively perform many of the 90% of tasks in factories that are not yet automated. READ MORE
Recorded Future Announces $12M Funding
It’s a really exciting time at Recorded Future. Our real-time, interactive, threat intelligence analytics platform is being adopted by leading organizations. We now help protect four of the top five companies in the world.
In 2014, our bookings grew by over 100%. Our new enterprise customers include the top financial institutions, technology companies, cyber security companies, MSSPs, and government agencies. In addition, thousands of information security professionals subscribe to Recorded Future’s free daily threat alerts. (Go here to subscribe.)
We’ve built a massive platform that indexes billions of events, powered by our patented Web Intelligence Engine which continuously analyzes the open Web to give you unmatched insight into emerging threats. You can read about big data until you’re blue in the face, but we live and breathe it every day, ingesting truly massive amounts of unstructured data from across the Web and turn it into actionable intelligence available through interactive visualizations, real-time alerts, and APIs. READ MORE
meQuilibrium Raises $9 Million Series B Financing
meQuilibrium, an online platform that beats stress, builds resilience and promotes healthy behavior, announced that it raised a $9 million Series B financing round led by Safeguard Scientifics (NYSE:SFE) with participation by Chrysalis Ventures and other investors. meQuilibrium will use proceeds from the funding to accelerate sales and marketing, and expand product development.
meQuilibrium is the only company that offers an individualized, online stress management program based on building resilience—defined as ¬the capacity to rebound or bounce back from adversity, conflict, failure and also positive events, progress and increased responsibility. The science-based, clinically validated solution is based on decades of research at the University of Pennsylvania, which reveals that stress and resilience are linked. Furthermore, researchers found that coaching can improve resilience, providing a lifetime of benefit including reducing the effects of stress. READ MORE
Courion Announces Strategic Equity Investment
Courion®, the market leading provider of intelligent identity governance and administration (IGA) solutions, today announced continued market momentum with a strategic equity investment from K1 Investment Management and key customer wins in the first quarter of 2015.
In the first quarter of 2015, total bookings grew 21 percent year-over-year. Key first quarter wins include organizations from a variety of industries such as financial services, manufacturing, education and healthcare. Security-conscious organizations increasingly select Courion over competing offerings because they recognize the value of an IGA solution enhanced with identity analytics and intelligence (IAI). Courion intelligent IGA solutions leverage the application of risk analytics to big data to dramatically improve how IT staff create, manage and terminate access rights for resources and how they identify and eliminate access risk. This enables Courion customers to improve service agility and maintain compliance on a continuous basis, streamlining audits and reducing IT costs. READ MORE
Arcadia Health Raises $13M
As reported by Xconomy, Arcadia Health announced it raised $13 million.
The data provider and healthcare consultant has gotten a $13 million investment from healthcare private equity firm Peloton Equity, existing investors, and Zaffre Investments, which is a wholly owned subsidiary of Blue Cross Blue Shield of Massachusetts. Arcadia, which was founded in 2002, plans to use the funding to further develop its data-gathering and analytics program, boost sales and marketing, and make new hires, especially at the executive level. READ MORE
Hello Alfred Raises $10.5 Million
Hello Alfred, the company building the next generation of the on-demand economy, announced the close of a $10.5 million Series A financing led by NEA and Spark Capital, with additional participation by Sherpa Ventures and CrunchFund. The new funds allow Hello Alfred to invest in its automation platform and continue the rapid growth of the company’s user base to new cities.
Alfred combines all the subscriptions and services you use to power your home in one place. “Our mission is to automate the on-demand economy,” explained Marcela Sapone, co-founder and CEO of Hello Alfred. “In the last year, we’ve proven that we can delight our customers by anticipating their needs and doing their to-do’s as well, if not better than they would themselves. With this funding we’re ready to step on the gas and scale the Alfred experience to a wider base of customers.”
“We are thrilled to partner with the Hello Alfred team,” said Scott Sandell, Managing General Partner at NEA who led the firm’s investment. “So many people in the professional ranks are leading lives that are incredibly unmanageable. Hello Alfred gives them back control over their home life and frees up their time to live. ”
Hello Alfred currently operates in New York and Boston. Every day, the company’s employees help its customers save hundreds of hours of time by anticipating their needs. In the last 5 months, Hello Alfred gave back nearly nearly 40,000 hours — almost 4.5 years worth of time that would have otherwise been wasted on basic tasks — to busy families, entrepreneurs, and young professionals by making over 18,000 runs that included dry cleaning 57,600 shirts, delivering 3,326 pounds of dog food and placing 1280 flower arrangements in homes.
“My Alfred visits on Tuesday and it’s become my favorite day of the week,” said Megan R., a busy entrepreneur and Hello Alfred customer living in New York City. “Coming home to a perfectly stocked fridge, your dry cleaning not only picked up but put away, and the pair of shoes that didn't fit returned is real magic. Hello Alfred gives me back the thing I need the most: time.”
Hello Alfred continues to expand its customer base in New York and Boston. The company plans to roll out service in San Francisco in the June 2015. San Francisco residents interested in the service can sign up for the waitlist by visiting: www.helloalfred.com
About Hello Alfred
Founded by Marcela Sapone and Jessica Beck, Hello Alfred aggregates household services to provide white-glove oversight that radically changes how the modern consumer gets things done. Alfred is a recurring, in-home service that takes care of tasks its users don’t have the time to do — whether it’s laundry and dry-cleaning, grocery shopping, or coordinating deliveries — and even learns users’ routines to anticipate what they need done. Whether you're an entrepreneur busy launching a business, a parent juggling work while growing a family, or a young professional putting in long hours at the office — Hello Alfred will give you back your most valuable resource: time. It launched this September at TechCrunch Disrupt also winning the Disrupt Cup, Hello Alfred rose to the top over thousands of other startups that applied to claim the grand prize and is also the winner of the 2014 Harvard Business School Venture Competition. Hello Alfred has offices in Boston and New York City.
Localytics Acquires Splitforce
Localytics, the complete marketing and analytics platform for mobile and web apps, today announced the acquisition of Splitforce, an automated optimization tool purpose-built for mobile apps. With the acquisition, Splitforce co-founders Zac Aghion and David Ruiz join the Localytics team, bringing additional data science expertise to fuel the company’s predictive app marketing capabilities. Predictive app marketing helps app marketers and product managers leverage user data to predict and personalize engagement with app users at every stage of the customer journey.
“Apps have dramatically increased consumers’ expectations for experiences catered to their individual needs, while giving businesses a new dataset to tap into for better decisioning,” said Raj Aggarwal, CEO of Localytics. “We’re focused on helping businesses turn that data into personalized engagement, and Splitforce has the best team and technology in place to deliver on the cutting-edge of that mission: predictive app marketing.” READ MORE
Bedrock Data Raises $3.1M Series A
As reported by BostInno Bedrock Data, an integration and data management platform founded by HubSpot Vets, has raised $3.1 million in Series A Funding. READ MORE