It was another strong week for fundraising news from Boston tech companies, which included a couple of $50 million deals.
A total of seven companies disclosed deals, totaling about $156 million altogether—easily the biggest week for local tech funding so far in 2015 (see our previous FundingFest posts here).
One of the $50 million deals, for VMTurbo, was especially notable for two reasons—its lead investor (ICONIQ Capital, a fund affiliated with Mark Zuckerberg and Sheryl Sandberg of Facebook) and the valuation the company received in connection with the round—$500 million.
Here are the details on the seven deals from this week (click the dollar amount for links to our coverage).
| Company | Amount | Sector | Location |
|---|---|---|---|
| Altiostar Networks | $50 million | Networking technology | Tewksbury |
| CloudHealth | $12 million | Cloud IT service management | Boston |
| Jibo | $25.3 million | Social robot for the home | Weston |
| Kaminario | $15 million | Flash storage hardware | Newton |
| saltDNA | $3 million | Mobile communications technology | Cambridge |
| Testive | $500,000 | Test prep software | Boston |
| VMTurbo | $50 million | Software for virtualized data centers | Boston |
Additionally, we posted one other local funding-related story this week:
