CyPhy LVL1, the startup''s consumer drone, had a very successful Kickstarter campaign earlier this year.
Get a daily dose of Boston funding news in The Beat. Sign up here. New Money is BostInno's report on all the tech funding deals this week. Check back for updates with more new money.
Infinium (Natick)
- Amount: $942,156
- Investor: 13 undisclosed investors.
- Details: The new fundraise was disclosed in a Form D filing this week by Infinium, a Natick, Mass.-based startup that is developing new processes for producing and recycling metals, primarily for the purpose of energy efficiency and renewable energy technologies.
Mobiquity (Wellesley)
- Amount: $5M
- Investor: Nine undisclosed investors.
- Details: Mobiquity's new funding was disclosed this week in a Form D filing, which said the date of first sale was back in May. The Wellesley-based startup provides mobile computing professional services for a number of large customers, including Pfizer, Harley-Davidson and CVS. It has 12 offices across five countries: the U.S., Costa Rica, England, the Netherlands and India.
Society of Grownups (Boston)
- Amount: $100M
- Investor: MassMutual
- Details: Parent company MassMutual is committing another $100M toward an expansion of Society of Grownups, the financial education service for millennials it launched a year ago with help from the design consultancy IDEO. Society of Grownups plans to add 10 new cities in the next three years, starting with Philadelphia and New York in 2016, the company said in a press release. MassMutual is a Fortune 500 life insurance, retirement and financial planning company based in Boston. "I am pleased to say this isn't an experiment anymore," Society of Grownups CEO Nondini Naqui said in a statement.
Bit 9 + Carbon Black (Waltham)
- Amount: $54.5M Series F round, according to a press release.
- Investor: Accomplice led the round as part of its new EarlyAccess Program. The round also had participation from existing investors 406 Ventures, Blackstone, Highland Capital Partners, Kleiner Perkins Caufield & Byers and Sequoia Capital.
- Details: The cybersecurity firm has now raised a total of $174.5M since its founding in 2002. Bit9 said it will use the new round for continued growth, product innovation and international expansion. The startup expects to finish the year with more than $70M in revenue, with 70 percent annual growth, more than 7 million software licenses sold and nearly 2,000 customers. Accomplice partner and Bit9 board member Jeff Fagnan told Fortune that Accomplice created a special purpose vehicle with AngelList to lead this round and let the startup's other existing investors to participate. The startup isn't expected to file its IPO this year.
Sonian (Dedham)
- Amount: $7.5M
- Investor: Ares Capital Corp.
- Details: The cloud-based archiving startup said it will use the latest debt funding for product development and staffing efforts as it continues to expand, having recently hit a record quarter for sales and profitability. The latest round brings the startup's total funding to more than $50M. “As evidenced by our record sales performance and continued growth, our solution is filling a major market need among all types of B2B and B2C organizations and in every industry,” Tim McKinnon, CEO of Sonian, said in a statement. “We’re seeing dramatic need for line-of-business big data visibility within the enterprise.
Cybereason (Boston)
- Amount: $59M Series C
- Investors: SoftBank Corp. led the round with a $50M investment; the round also included previous investors CRV and Spark Capital
- Details: Cybereason offers software that tracks the actions of potential cyber attackers and connects the dots to determine when there might be malicious intent. The new round comes just five months after the firm disclosed a $25 million Series B round. Cybereason was founded in 2012 by CEO Lior Div, formerly of the Israeli Intelligence Corps, where he specialized in cybersecurity and led a team within the Corps’ 8200 unit.
CyPhy Works (Danvers)
- Amount: $22M Series B round
- Investors: Led by Bessemer Venture Partners, with participation from strategic partners Motorola Solutions Venture Capital, UPS Strategic Enterprise Fund and Draper Nexus; and existing investors Lux Capital and General Catalyst Partners.
- Details: The Danvers-based drone startup led by iRobot co-founder Helen Greiner said the latest round, which brings total funding to $34.45M, will help it launch the commercial version of its tethered Persistent Aeriel Reconnaissance and Communications vehicle system. The startup said PARC is controlled and "powered from the ground through a microfilament tether allowing 24/7 flight ... enabling companies to make information-driven decisions using continuous real-time access to data and analytics." Greiner said in a statement that the new funding will also allow the startup to help "accelerate adoption of drones into public safety, construction, agriculture, journalism, mining, defense and other fields.” In addition, the funding will be used for new hires in engineering, sales, marketing and customer support departments.
