Vestmark, the leading SaaS provider of comprehensive unified wealth management solutions for financial advisors and institutions, today announced that it closed a $30 million dollar investment from global growth equity investor Summit Partners. Vestmark will use the new funding to further accelerate growth by increasing investment in sales, marketing, and software development. It will also provide the company with greater flexibility to explore strategic opportunities and international markets.
Datadog, the leading SaaS-based monitoring platform for cloud applications, today announced it has raised $94.5M in an oversubscribed Series D funding round led by ICONIQ Capital with participation from existing investors Index Ventures, OpenView Ventures, Amplify Partners, Contour Ventures and other equity holders. The funding will be used for research and development of new product offerings and expansion of Datadog’s global operations in Europe, Asia and the Americas.
RiskRecon today announced seed-round financing led by General Catalyst Partners and several private investors. The funding will enable RiskRecon to expand its product development team and address the growing demand for data-driven, third-party vendor risk assessment.
6 River Systems, Inc. (6RS) announced today that it has secured $6 million in Series Seed funding. The round was led by Seth Winterroth of early-stage venture fund Eclipse and includes participation from iRobot. The funding is expected to support the expansion of the 6RS engineering team and to support customer pilots already in progress.
Propel Business Services, Inc. d/b/a Propel Marketing, a leading national provider of digital marketing products and solutions for local businesses, has acquired ThriveHive, a Cambridge, Massachusetts-based firm known for its award-winning marketing software designed specifically for small businesses.
The acquisition reinforces Propel Marketing’s status as a dynamic leader in the SMB digital marketing ecosystem and brings together two Boston companies, who have both experienced fast growth.