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Check out the most important mergers, acquisitions, partnerships and investments from Atlanta technology companies from November 2018. Did we miss a deal? Let me know at mhogan@americaninno.com.
Atlanta-based Antios Therapeutics Inc, a biopharmaceutical company, raised $25 million in Series A funding led by Lumira Ventures and Domain Associates, according to Term Sheet.
Synapse, an Atlanta-based energy drink startup that designs drinks to boost mental performance without the use of caffeine, completed a $1 million Seed round, according to a news release. With the funding, Synapse plans to expand its footprint across the Southeast in 2019, and subsequently the entire East Coast.
Deputy, a workforce management software program based in Atlanta and Sydney, Australia, closed a $81 million Series B round—the largest Series B in Australian history. The round was led by Silicon Valley-based VC firm IVP and included previous investor OpenView and Australian VC firms Square Peg Capital and EVP. IVP has previously invested in Dropbox, Snap, Slack and Twitter. The newest round brings Deputy’s total amount raised to $106 million, according to a news release.
Rightdata, an Atlanta-based tech company that provides digital advertising through instant messaging, raised $500,000 from three investors in a recent funding round, according to a filing with the SEC. According to Crunchbase, this appears to be the first funding round for the startup.
Flock Safety raised nearly $10 million from eight investors in a recent round, according to a filing with the SEC. Just three months prior, the company reported raising $9.59 million in a round led by Matrix Partners. This brings the startups total funding raised to $19.7 million, according to Crunchbase. Though the eight investors remain unnamed and the company has yet to announce the funding publicly, Ilya Sukhar, a Matrix Partners partner, is listed among the directors in the new SEC filing. Sukhar was also listed as a director of Flock Safety in the last funding round in August. Flock Safety provides video technology to communities to record and provide evidence to police. The startup says its mission is to solve more crime, in addition to preventing it.
OvalEdge, a data catalog company, was acquired by FutureTech Holding Company, a firm with strategic holdings in the financial, technology and healthcare sectors. Launched in 2013, OvalEdge is headquartered in Peachtree Corners and has a presence at Tech Alpharetta, a commission geared to support tech companies in Alpharetta. The company virtually centralizes all a company’s data into a single catalog, enabling users to quickly find data files, tables, social media content and other company data, according to a news release. It doesn’t appear that OvalEdge has raised any venture capital funding.
Goodr.co, an Atlanta startup that connects those in need with food and eliminates food waste, partnered with Hormel Foods, the parent company of Dinty Moore, to sponsor a free “pop-up grocery store” for low-income seniors.
FSLogix, an Alpharetta-based virtual desktop startup, was acquired by its former partner, Microsoft, for an undisclosed amount. FSLogix was acquired to provide virtualized Windows and Office 365 on Microsoft Azure, a cloud computing service created by Microsoft for creating and managing applications and services, according to a Microsoft blog post announcing the acquisition. The startup has worked with small businesses to large corporations to to reduce resources, time and labor required to support virtualization, the blog post states.
Georgia State University College of Law will begin a new collaboration with the Georgia Intellectual Property Alliance next year, according to a news release. The school will team up with GIPA to manage the Corporate IP Institute, the IP Springposium, IP Legends Awards, IP Think Tank, Corporate IP Roundtable, Charitable IP Golf Tournament, Patent Agent Roundtable, IP Community Service Awards, Intellectual Property Professionals and Practitioners and the Southeast IP Job Fair. The goal of the collaboration is to make Atlanta become the national and international capital of IP education and practice.
ARRIS International Plc, a Suwanee-based video tech company that produces entertainment, communications and networking technology, was acquired by CommScope for $7.4 billion, according to the Atlanta Business Chronicle. With the deal, a new company will be created with about $11.3 billion in revenue.
Oncology Analytics Inc., a health care data company that recently moved to Atlanta from Florida, announced it raised a $21 million Series B funding round led by Oak HC/FT, a Greenwhich, Conn.-based VC firm. They were joined by new investor McKesson Ventures (San Francisco) and returning investors Blue Cross Blue Shield Venture Partners and Sandbox Advantage Fund. As part of the deal, Annie Lamont, managing partner at Oak HC/FT, and bioethicist and oncologist Ezekiel J. “Zeke” Emanuel will join Oncology Analytics’ board. The ABC reported that the company plans to create up to 100 jobs in the next two years.
Atlanta-based Hull Inc., a customer data insights startup, reported raising $2.6 million in equity funding. That follows a $2.8 million round reported last year. The startup, co-founded by CEO Stefan Koenig, went through the Techstars Boulder program in 2013. It’s not clear who led this new round, but the company’s website lists Kima Ventures, Alven Capital and Newfund among its investors and advisors.
GoATL Fund, an impact investment fund launched by the Community Foundation for Greater Atlanta, closed a $1 million investment from Enterprise Community Partners, Inc.’s loan fund. The funding will be used to support Enterprise’s expanding portfolio of multi-family affordable housing throughout the metro Atlanta area.
Tech Alpharetta announced earlier this week that 11-11, its anchor venture capital tenant and member, surpassed its $1 million goal and closed on $1.2 million from accredited individual investors. According to a news release, 11-11 Ventures plans to invest into select companies who presented at this year’s Venture Atlanta conference. The group partnered with Circadian Group to invest these funds into several of the startup companies that presented at Venture Atlanta 2018.
Liaison Technologies Inc., an Alpharetta-based provider of cloud-based integration and data management tech, was acquired by Ontario, Canada-based software company OpenText for $310 million in cash. Liaison is expected to further enhance digital ecosystem integration solutions for OpenText, according to the announcement.
Arvato Financial Solutions, a global financial service provider with a new office in Atlanta, has partnered with the Technology Association of Georgia to contribute to the digital transformation of the finance industry globally, according to a news release. TAG, which is a non-profit organization, has a mission to advance the creation and evolution of data-driven and analytical approaches to solving business problems. “Finance leaders are currently figuring out how to implement the transformation of finance departments to become impactful business partners. This role calls for the combination of data, business and finance know-how,” Jörg Brendemühl, the vice president of analytics and consulting services at Arvato Financial Solutions, said in a statement.
Airbus, a European aerospace corporation, collaborated with Georgia Tech to open a new center for overall aircraft design activities, according to a news release. The new Airbus/Georgia Tech Center features a model-based systems engineering design and will support the development and demonstration of a concurrent overall aircraft design process. Thirty Georgia Tech researchers, doctoral students and Airbus employees will work at the center.
Deposco, Inc., an Alpharetta-based cloud supply chain firm, has raised $9 million of a $19 million round, according to a filing with the SEC. The company has previously raised $2.1 million, according to Crunchbase.
