As reported by BostInno, ClimaCell has raised $1.1M in funding. Investors in the round included Project 11 Ventures and Ratan Tata. ClimaCell is transforming weather forecasting with the world's most accurate weather data. Using the power of wireless communication networks, ClimaCell’s software solutions provide real-time forecasting with unprecedented street-level geographical resolution and global coverage... READ MORE
Akamai Technologies, Inc. (NASDAQ: AKAM) today announced the company has entered into an agreement to acquire SOASTA, a leader in Digital Performance Management. The acquisition is intended to give Akamai customers greater visibility into the business impact of their website and application optimization strategies. The all-cash transaction is expected to close early in the second quarter.
As per SEC filings, CiBO Technologies in Cambridge has raised $30M in venture funding. CiBO is developing a proprietary crop science platform that provides robust information solutions for its customers... READ MORE
Leader in Automated Machine Learning, DataRobot, today announced the first close in its Series C financing. This secures an additional $54 million, bringing total funding to $111 million. A significant but undisclosed amount of additional funding is expected in an imminent second close of the round. Jeremy Achin, CEO and Co-Founder of DataRobot, sets out the company’s value proposition and the opportunity the funding provides:
Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation for clients, has signed a definitive agreement to acquire Rage Frameworks, a leader in knowledge-based automation technology and services providing Artificial Intelligence (AI) for the Enterprise. Terms of the deal are not disclosed.
As reported by Forbes, Kensho in Cambridge, MA has raised $50M in funding led by S&P Global with participation from Goldman Sachs, JPMorgan Chase, Bank of America Merrill Lynch, Morgan Stanley, Citigroup and Wells Fargo, General Catalyst, and Breyer Capital. Kensho is a machine intelligence company that applies AI for real-world impact across government and commercial institutions around the world... READ MORE
Celect, a market leader in predictive analytics and inventory optimization for retailers, announced today that it has closed $10M in Series B funding. Led by Activant Capital with participation from Fung Capital and August Capital, the funding will be used to extend momentum built in 2016 after closing the year with 2.5x revenue growth. In addition, Celect will accelerate product development to support growing customer demand and aggressively cultivating sales pipeline to seize on the current market opportunity.
Voysis, the complete voice AI platform, today announced $8 million in Series A financing led by Polaris Partners. The company was founded by CEO Peter Cahill, a Ph.D. who has dedicated 15 years to speech technology and neural network research, to enable third party enterprises to rapidly generate intelligent voice systems with real utility and purpose. Voysis will use this round of financing to expand its U.S. team, opening a new office in Boston, and to further develop its technology for a wide range of partners and customer use cases.
Infogix, Inc., a data and analytics software provider, has acquired Data3Sixty, the leading cloud-based data governance provider. The terms of the transaction were not disclosed.