Get a daily dose of Boston startup 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.
Jisto (Boston)
- Amount: $2.45 million seed round
- Investor: .406 Ventures led the round.
- Details: The MassChallenge alum has developed a cloud computing solution called the Elastic Workload Manager that allows enterprises to maximizes the utilization of resources used in servers, whether they're physical, virtual or cloud-based. The startup said it will use the seed round to add more staff in engineering, sales and marketing. In addition, .406 Ventures Partner Greg Dracon and Managing Partner Maria Cirino will join the startup's board of directors. As we reported in the BostInno Beat last fall, former Digital Lumens executive Michael Feinstein joined the startup as CEO.
DataCamp (Cambridge & Belgium)
- Amount: $1 million
- Investor: Accomplice
- Details: DataCamp offers an online data science school, which aims to let users "master data analysis from the comfort of your browser, at your own pace, tailored to your needs and expertise." The company reports having more than 300,000 users. The funding, which brings DataCamp to $2.3 million in total, will be used for purposes including opening a new office in Cambridge.
- News release.
DataRobot (Boston)
- Amount: $33 million, Series B
- Investors: New Enterprise Associates (led the round); taking part were Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners, New York Life
- Details: The company works in the area of machine-learning automation, in order to “shrink the data science project backlog that is growing in many companies due to the serious shortage of machine learning skills,” DataRobot said. The company has now raised a total of $57 million in funding.
- News release.
Skedaddle (Boston)
- Amount: $1 million
- Investors: Jere Doyle, Craig Isakow, Bjorn Larsen, John Chatzky, Michael Mark, Barry Coffman
- Details: Skedaddle offers a bus service that allows riders to choose their own pick-up, destination and time, and then ride when at least nine others are headed the same way. The company also announced it’s launched its new iOS app and expanded its service to Philadelphia and D.C., which join Boston and New York on the service.
Hexadite (Boston and Israel)
- Amount: $8 million, Series A round
- Investors: Hewlett Packard Ventures, Ten Eleven Ventures, YL Ventures
- Details: The company, a maker of software for automating cybersecurity incident response, was founded in Tel Aviv, Israel, but last month opened a marketing, sales and business development headquarters in Boston. The office right now consists of CEO Eran Barak and the VP of marketing Nathan Burke, but the plan is to add several more employees soon, a spokesperson said. The company is keeping its R&D headquarters in Tel Aviv. In a news release, Barak said the company’s technology “can handle all the variables involved in today’s cyber threats to give customers the ability to investigate, respond, and resolve an ever-increasing volume of incidents in minutes and even seconds.” Hexadite had previously raised $2.5 million.
Riskified (Israel and Boston)
- Amount: $25 million growth round
- Investors: Qumra Capital (led the round); taking part were The Phoenix Insurance Company, NTT DOCOMO Ventures, Genesis Partners and Entrée Capital
- Details: Riskified is focused on e-commerce fraud prevention, and its headquarters is in Tel Aviv, where the firm employs 82, a spokesperson said. The company also has an office at WeWork South Station with three people.
- News release.
Fuze (Cambridge)
- Amount: $112 million Series E round
- Investors: Summit Partners (led the round); Bessemer Venture Partners and Technology Crossover Ventures participated
- Details: Formerly known as ThinkingPhones, the company is focused on helping workers communicate in the cloud era. Fuze offers "unified" communications including voice, video conferencing, messaging and other collaboration tools. The new funding brings the firm to a total of $200 million raised since its founding in 2006.
- Full story.
Matrix Partners (Cambridge)
- Amount: $500 million, according to an SEC filing
- Details: The money is for a 4th China-focused fund. Matrix previously raised $350 million for its third China fund in 2014. Past Matrix investments in China have included Baidu, Cheetah Mobile and Qihoo 360.
