Patient
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 with more new money.
Freebird (Cambridge)
- Amount: $3.5 million
- Investors: General Catalyst, Accomplice, Slow Ventures and "strategic angel investors"
- Details: Freebird just released its namesake mobile tool that will instantly book you a new flight on any airline at no extra cost in the event of cancellation, four-hour delay or missed connection. Users need to pay a flat fee to use Freebird's service, and it has to be purchased more than two days before the scheduled flight. It's kind of like insurance for flight disruptions, but unlike traditional travel insurance, it doesn't pay you out for the cost of the canceled flight. Read more on the company.
Cogito (Boston)
- Amount: $5.5 million Series A
- Investors: Romulus Capital led the round and Salesforce Ventures took part.
- Details: Based on research from the MIT Media Lab, Cogito has developed behavioral analytics technology used to improve customer service (both from the customer's and the agent's POV). The company says it “provides real-time behavioral guidance to customer service representatives, enabling them to improve their communication style, while building a more trusting relationship with their customers.” We’d previously reported on an SEC filing for the funding a couple weeks back. Cogito employs 31 and has now raised $8.5 million in equity funding since its launch in 2007.
Datto (Norwalk, Conn.-based, with a Boston office)
- Amount: $75 million
- Investors: Technology Crossover Ventures led the round.
- Details: Datto CEO and founder Austin McChord told BostInno that the company is profitable, so it's using the funds—which bring total investment to more than $100 million—to "make big bets in new areas." The data protection provider employs 80 people in Boston, and plans to use the funding to continue international expansion and accelerate product development, he said. Read more on the funding.
PatientPing (Boston)
- Amount: $9.6 million
- Investors: Round led by Google Ventures and F-Prime Capital, a Fidelity venture capital fund. Also taking part are First Round Capital and SV Angel.
- Details: The company is focused on connecting health care providers with real-time notifications (“Pings”) whenever their patients receive care at any facility that is a part of the national PatientPing network. The goal is to reduce the complexity of care coordination and better keep track of where patients receive their care when they’re not at the doctor’s office or hospital. Changing incentives of the Affordable Care Act are also compelling providers to work with one another when they share patients. In a news release, Google Ventures general partner Krishna Yeshwant said PatientPing’s “timing is perfect as we figure out how to navigate the new incentives moving through our healthcare system.”
Immedia (Boston) - for its Blink product
- Amount: $5.8 million
- Investors: Easerich Industrial, Innosilicon, Baker Capital, Dot Capital
- Details: Blink is a wireless, battery-powered HD home monitoring and alert system, which is now entering production by Boston startup Immedia. The system is meant to appeal to budget-minded consumers, and a one-camera system is currently selling for $79. Blink raised $1 million on Kickstarter last year.
