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Bradford Networks, the best choice to enable secure network access for corporate issued and personal mobile devices, today announced the closing of a $3 million round of financing. Updata Partners led the round and was joined by Windspeed Ventures. The investment will support Bradford’s rapid expansion into the healthcare and government markets, fueled by increasing demand for the company’s Network Sentry product as part of a comprehensive Bring-Your-Own-Device (BYOD) security approach.
As per SEC filings, PLASTIQ in Cambridge, MA has raised $2.3M in funding. In addition to Eliot Buchanan (CEO) & Daniel Choi (Co-Founder & CTO), the filing include Jeff Bussgang of Flybridge Capital Partners and Ryan Moore of Atlas Venture.
PLASTIQ is a payments startup where you can make large purchases (college tuition, cars, taxes, real estate) via credit card and benefit from rewards programs.
InsightSquared, a SaaS company focused on business intelligence for the
SMB market, has received $4.5 million in Series A funding. The round
was led by Atlas Venture with participation from Bessemer Venture
Partners, NextView Ventures and salesforce.com.
InsightSquared has developed a Software-as-a-Service (SaaS) platform that
enables small and mid-sized businesses to benefit from the predictive
value of traditional business intelligence without the traditional cost
and complexity. Today, the company announced a Salesforce integration
that provides real-time, intuitive visualization to increase sales and
productivity.
As per SEC filings, Vanu in Cambridge, MA has raised $3.2M in funding. Vanu provides wireless infrastructure solutions for commercial carriers and government customers, focusing on coverage needs where current technology does not provide a
cost effective solution for carriers today.
As per SEC filings, SocMetrics in Cambridge, MA has raised $250K in funding. SocMetrics is a revenue optimization SaaS platform for agencies and brands to win more new business, create proposals and marketing campaigns more efficiently, and monitor competitive standing in key segments by leveraging industry-specific influencers in social media.
As per SEC filings, CustomMade in Cambridge, MA has raised $4M in funding. CustomMade.com is the first online peer-to-peer marketplace connecting shoppers with skilled artisans who create unique luxury custom goods including furniture, cabinetry and jewelry.
As per SEC filings, Misfit Wearables has raised $7.6M in funding. Misfit Wearables is developing highly wearable sensor products and services for wellness and medical applications.
As reported by Gregory Huang of Xconomy, CoolChip Technologies in Cambridge, MA has raised $500K from Founders Fund. CoolChip Technologies is a privately held company founded in 2010. The company was engendered by the commercial opportunities and related research from Sandia National Labs and MIT with the vision of breaking down the “thermal brick wall” to enable the next generation of high-performance computing and data center energy efficiency.
Per their blog, play140 has been acquired by a stealth mode company called Oomba. play140 is a social gaming company based in Cambridge.
As reported by TechCrunch, Locu in Boston, MA has raised $4M in funding. The round was led by General Catalyst with participation from Lowercase Capital, Lightbank, SV Angel, and other existing angel investors.
Locu Inc., a start-up founded by MIT graduates and computer science
researchers, is building technologies to efficiently digitize and
augment real-world data. Locu strives to create the freshest, most
complete data sets around local business data to help further the
business of our API clients and partners. Locu is building solutions
that will help millions of local businesses better manage their online
presence.
As per SEC filings, Cloze in Cambridge, MA has raised $1.2M in funding from Greylock, Kepha Partners, & NextView Ventures. Cloze's mission is to help you find a better path through your network so you don’t just make a connection, you make the right connection — a lasting connection. Cloze brings together your lifetime's worth of email, business connections, social networks, and address books into a single useful view without adding more work into your day. They make your address book automatic, available in the cloud and easily searchable on any mobile device or computer.
As reported by Scott Kirsner, Silver Lining Systems in Cambridge, MA has raised $2M in funding. Silver Lining Systems is a startup with roots out of Columbia University. Investors include Lightspeed Venture Partners and angel investors: Steve Papa, Rob Soni, David Murphy, & Dev Ittycheria. The company is looking to improve the performance of cloud-based applications and services by removing data center bottlenecks.
Wingu Inc., a developer of software designed to enhance the operational efficiency of pharmaceutical research and discovery, today announced a Series A round of funding led by Google Ventures with additional investment from Borealis Ventures. The investment will allow the company to accelerate its growth and expand its sales and product development efforts.
Pharmaceutical companies continue to embrace distributed research,
engaging a variety of partners to help develop the next blockbuster
drug. Wingu’s software optimizes R&D by tracking and coordinating
complex distributed research projects that require tight integration
between pharmaceutical companies and partners. Unlike other approaches
to portfolio and project management, the solution complements
collaboration dynamics by linking data exchange to workflow without
increasing administrative overhead.
Wingu’s software helps managers understand and respond to
inefficiencies in their current projects, build institutional knowledge,
and proactively optimize new projects. It also exposes objective
performance indicators and analytics that help guide decision-making
processes without interfering with project flow. The company calls this
approach Research Intelligence (RI). Wingu’s software is already in use
at a variety of organizations, including several top 10 pharmaceutical
companies.
As per SEC filings, TipTap in Cambridge, MA has raised $1.5M in funding. TipTap is a social discovery website. It employs a unique psychology-based approach to match users from around the world who discover and share the things they love. Participants learn about their personality, tastes, and preferences, which also allow for highly personalized experiences by providing the criteria to connect them with other like-minded individuals.
As per SEC filings, Humedica in Cambridge, MA has added $10M to a previous round of funding at $23M, bringing the current total of this round to $33M. Humedica is a next-generation clinical informatics company that provides novel business intelligence solutions to the health care industry. Humedica has raised a total of $63M in venture funding.
As per SEC filings, Nara in Cambridge, MA has raised $3.6M of a planned $4.5M round of funding. Nara (doing business as Ava, Inc.) is a personal web and platform that leverages proprietary technology enabling you to personalize and uncover your own Dynamic Digital DNA. With Nara, you don’t have to jump from web site to web site looking, analyzing or reading all those endless reviews for that great restaurant, shopping venue, entertainment outlet or hotel that matches your sensibility, style, taste, preferences or aspirations. Instead, Nara does this all for YOU, twenty-four hours a day and much more.
Practically Green, whose business model revolves around the idea that sustainability can be fun as well as financially and ethically rewarding, announced today the close of a $1M seed round of funding. The funding was led by CommonAngels, which is the largest and leading angel group in Boston focused on funding information technology start-ups. The new financing will be used to pursue continued growth in the company's core digital and mobile employee engagement line of business. Funders include Jeffrey Hollender, co-founder of Seventh Generation, the Clean Energy Venture Group and the clean-tech family office Pan Asia Solar.
As per SEC filings, NuoDB in Cambridge, MA has raised $10M in funding. NuoDB is a SQL database with 100% ACID semantics. Unlike existing SQL databases NuoDB delivers the key requirements for cloud-style environments, including dynamically adding or deleting nodes from a live system. NuoDB can also move live databases between datacenters, allocate unused remote machines to any database, maintain redundant disk-based copies of any database, run databases in hybrid cloud configurations and dynamically allocate databases to arbitrary groups of machines
TalkTo, Inc. announced today the launch of talkto: Boston, a version of its messaging service that enables Boston-area residents to text any store, restaurant, salon, hotel or other type of business. TalkTo also announced the closing of its $3 million Series A funding from Matrix Partners, which will be used to fuel a national rollout later this year.
TalkTo first emerged in limited beta in September 2011 with an audacious goal: to make it possible to text any business whenever you want, and get a text response from the business in return. Designed to look and feel like SMS, the app lets anyone inquire about products and services, book appointments and reservations, or ask other questions with a text message.
As per SEC filings, GNS Healthcare in Cambridge, MA has raised $5M in funding. GNS Healthcare is a big data analytics company that has developed a
scalable approach for the discovery of what works in healthcare, and for
whom.
Their analytics solutions are being applied across the healthcare
industry: from pharmaceutical and biotechnology companies, health plans,
and hospitals, to integrated delivery systems, Pharmacy Benefits
Managers (PBMs), and Accountable Care Organizations (ACOs). Whether your
organization is delivering care or developing personalized therapies
and diagnostics, GNS Healthcare can help you discover the knowledge you
need to match patients with treatments that work.
As per SEC filings, NovaPlanner in Cambridge has raised $425K in funding towards a $1M fundraise. NovaPlanner is an online assistant that automatically organizes and communicates the entire course schedule from teachers' to students' planners.
The Tap Lab raised $550K in funding from Harmonix co-founders Alex Rigopulos & Eran Egozy, Don Dodge, Mike Dornbrook of CommonAngels and other angel investors. The Tab Lab is social gaming company based in Cambridge. Their first game, TapCity is available on the iPhone app store by clicking here.
Kibits Corp. today announced the release of its namesake micro-social networking app for iPhone and iPod touch, available now on the App Store. The first-of-its-kind Kibits App introduces a new, natural way for mobile-centric consumers and professionals to engage with friends, family, and co-workers from the convenience of their iPhone or iPod touch.
The company has raised $1M from Google Ventures, Charles
River Ventures, General Catalyst, Commonwealth Capital Ventures, SOSventures,
Launch Capital, the CommonAngels Fund, and a number of angels.
By leveraging unambiguous real-world relationships—such as
existing contacts and Facebook friends, calendar appointments, and physical
proximity—the Kibits App is the fastest way to create and connect with groups
on-the-fly. Each Kibits group serves as a micro-network, enabling focused
conversations with real-time sharing of photos, videos, links, locations,
notes, even documents from iCloud and Dropbox, along with built-in chat,
comments, and ratings. All with a single app that automatically organizes the
conversation.
Charles River Ventures (CRV), one of the nation’s leading early-stage venture capital firms, today announced that it has closed its fifteenth fund, CRP XV, at $375 million.
The fund will continue CRV’s focus on early-stage technology investments with disruptive technologies, teams and business models. “CRV has seen consistent liquidity from our portfolio over the last decade, with 21 major liquidity events, IPOs and company acquisitions since the collapse of the bubble,” said Izhar Armony, general partner, Charles River Ventures. “CRP XV is a testament to our 42-year tradition of working with passionate and innovative entrepreneurs to build market-leading companies. Heavily over-subscribed, we closed the fund in just two months at the top end of our range.”
Brightcove in Cambridge, MA started trading as a public company on the Nasdaq under the symbol BCOV. The company's initial public offering of five million shares prices at $11 a share.
Brightcove Inc, the cloud content services company, provides a family of
products used to publish and distribute the world's professional
digital media. The company's products include Brightcove Video Cloud,
the market-leading online video platform, and Brightcove App Cloud, the
pioneering content app platform. Together, more than 3,000 customers in
50 countries rely on Brightcove's cloud content services to build and
operate exceptional media experiences across PCs, smartphones, tablets
and connected TVs.
Brightcove had revenues of $63.6M in 2011 with a net loss of $17.8M. The stock closed at $14.30 on the first day of trading, up 30%.
Silverback Enterprise Group, which acquires and builds industry-leading enterprise software companies, announced today the acquisitions of PowerSteering Software, Inc., the leading provider of cloud-based enterprise project and portfolio management (PPM) software, and Tenrox, Inc., the leading provider of cloud-based, workflow-driven project workforce management software. With over 500 active enterprise customers and 150,000 active users in more than 50 countries worldwide, the combination of these two companies creates the largest pure-play cloud PPM provider in the $1.3 billion PPM software industry. The new, combined company will be called PowerSteering Software.
Prime View International (“PVI”) (8069.TW), the world’s largest supplier of ePaper display modules, today announced it has amended its merger agreement with E Ink Corporation, the leader in electronic paper display materials and intellectual property.
In addition to the $215 million cash consideration unveiled on June 1, 2009, the revised agreement includes consideration for E Ink shareholders based on the combined company’s stock performance over a three-year period. The consideration will be granted in the form of 120 million convertible preferred shares that can be converted into common shares as the stock climbs from NT$50 to NT$80. At the end of the three year period, any unconverted preferred shares will be cancelled.
Akamai Technologies, Inc. (NASDAQ: AKAM) announced today that it has acquired Blaze Software Inc., a provider of frontend optimization (FEO) technology, in a cash transaction. The acquisition is expected to complement Akamai's market-leading site acceleration solutions with technology designed to optimize the speed at which a web page is rendered, regardless of end user device.
As per SEC filings, LeveragePoint Innovations has raised $700K in funding. LeveragePoint Innovations is a SaaS collaboration platform for B2B companies that enables them to successfully negotiate sales with their customers.
Co3 Systems, a pioneer in Data Loss Management software, today announced its first institutional funding and that it has added security and legal expert, Gant Redmon, to its executive team as Co3’s first General Counsel and Vice President of Business Development. Redmon adds invaluable and unique expertise to Co3 and its customers by combining nearly 20 years of experience tracking law and regulations across multiple sectors with extensive startup experience in the security sector. Earlier in his career Redmon received distinction as an appointee on President Clinton’s Export Counsel Subcommittee on Encryption (PECSENC), which navigated the needs of US corporations and the Federal Government to increase both National Security and global competitiveness.