Showing posts with label New England. Show all posts
Showing posts with label New England. Show all posts

Thursday, December 20, 2018

Cambridge Mobile Telematics announces $500M backing from Softbank

Cambridge Mobile Telematics (CMT), which is known for its DriveWell platform used by insurers, fleet operators, cellular carriers, and large entreprises to measure driving risk, announced a $500 million investment from the SoftBank Vision Fund.

CMT, which is located steps from the MIT campus, said the investment will boost its growth in automated crash and claims management, video analytics, and safety for emerging vehicle and mobility systems. The investment is subject to regulatory approval.

“CMT is breaking new ground in the application of telematics, machine learning, and behavioral analytics to solve challenging problems in insurance and safety,” said Akshay Naheta, Partner at SoftBank Investment Advisers. “CMT is uniquely positioned to help insurers develop the insights to better support customers and advance their operations, while promoting long-term improvements in driving standards around the world.”

“Over the past few years, the DriveWell platform has helped make roads safer by making drivers better in a world where crashes are rising due to factors like distracted driving,” said Hari Balakrishnan, CMT’s Chairman and CTO, who founded CMT with Bill Powers (CEO) and Sam Madden (Chief Scientist). “Our rapid growth has been fueled by a culture that values collaboration with our customers and invests in research to improve our solutions and develop new products. This partnership with the Vision Fund is the start of the next stage of our journey to bring safe mobility solutions for people and goods at massive scale.”

CMT has pioneered many innovations since its inception, in 2010, from MIT’s Computer Science and Artificial Intelligence Lab. CMT deployed the first service to efficiently gather and process sensory data from phones for auto insurance (2012), use phone sensors to measure phone distraction (2013), and induce better driving with gamification (2014). Together, these innovations created the category of “behavior-based insurance”, also known as “mobile usage-based insurance”. Results from the field are compelling: the driving feedback, rewards, and contests delivered via the DriveWell platform reduce phone distraction by 35% on average with 30 days, and at-risk speeding and hard braking by 20%. These improvements lead to significant measurable reductions in crashes and insurance claims.
  • 2010 - company conceived at MIT’s Computer Science and Artificial Intelligence Lab
  • 2012 -  first service to efficiently gather and process sensory data from phones for auto insurance
  • 2013 - first use phone sensors to measure phone distraction
  • 2014 - first use of phone sensors for better driving with gamification 
  • 2014 - introduced its DriveWell Tag, the first fully wireless “Internet of Things” (IoT) device to measure vehicle dynamics for actuarial scoring and for real-time impact alerts with roadside assistance
  • 2018 - CMT shipped its 6 millionth Tag. 


http://www.CMTelematics.com

Thursday, July 19, 2018

Benu Networks raises $17.5 million in funding

Benu Networks, which offers a carrier-class Virtual Service Edge software platform has closed a total of $17.5 million in two funding rounds over the past 12 months. The most recent round of $10 million, which closed in July 2018, was led by new investor Spring Lake Equity Partners, a Boston-based private equity firm.

The earlier funding round of $7.5 million was led by long-time investors Sutter Hill Ventures and Liberty Global Ventures, a global investment fund owned by Liberty Global, the world’s largest international cable company.

Benu Networks’ Virtual Service Edge platform enables network operators to rapidly create new business opportunities for Mobile Wi-Fi, Managed Business Networking, Managed Home Networking, Managed Security, and Managed Internet of Things (IoT).

Benu Networks is based in Billerica, Mass.

https://benunetworks.com/


Thursday, May 17, 2018

Vesper raises $23M for its MEMS piezoelectric microphones

Vesper, a start-up based in Boston, announced $23 million in Series B funding for its MEMS-based piezoelectric sensors.

Vesper said its MEMS microphones represent a radical shift from capacitive MEMS microphones. Its piezoelectric design is suited for far-field applications such as microphone arrays used in voice-interface devices. The design is waterproof, dustproof, particle-resistant and shockproof.

"Our vision is for Alexa to be everywhere, and that means devices need to be built with durable, high-quality components that stand up to the demands of many different environments, especially on-the-go scenarios that require better power efficiency," said Paul Bernard, director of the Amazon Alexa Fund. "Vesper has become further embedded in the Alexa community through its integrations with various development kits and integrated solutions for Amazon AVS, and this follow-on investment is a testament to their continued momentum."

The funding round was led by American Family Ventures, a venture capital fund focused on seed to growth stage rounds. Vesper also received investments from Accomplice, Amazon Alexa Fund, Baidu, Bose Ventures, Hyperplane, Sands Capital, Shure, Synaptics, ZZ Capital and other undisclosed investors. The round brings Vesper's total funding to date to $40 million.

http://www.vespermems.com

Tuesday, January 16, 2018

Connected2Fiber raises $8M for B2B SaaS for connectivity

Connected2Fiber, a start-up based in Boston, announced $8 million in additional funding for its SaaS platform, which used by B2B connectivity providers to manage and transform market data.

Connected2Fiber purpose-built SaaS platform, The Connected World, that helps B2B connectivity providers engage buyers through the funnel.  Its location management platform enables sales and marketing teams to see serviceability and create OnNet and NearNet building lists in the data formats required by their customers and partners, and directly integrates into top procurement tools.

Connected2Fiber cited a number of milestones since entering the market in 2015:

  • Five of the top 10 largest MSO’s are currently using Connected2Fiber as a component of their go to market strategy.
  • Connected2Fiber customers have published more than 5,000 automated building lists to convey serviceability to their prospects, partners and customers.
  • Connected2Fiber covers more than 4 million unique locations connected by its clients’ network, including OnNet, NearNet and OffNet reach.

The new Series A funding came from Ascent Venture Partners, Nauta Capital, NXT Ventures and Osage Venture Partners.

Wednesday, February 8, 2017

Fuze Raises $104 Million for UCaaS

Fuze (formerly ThinkingPhones), a start-up based in Cambridge, Mass., closed $104 million in venture funding for its cloud-based communication solutions.

Fuze is a global, unified communications as a service (UCaaS) platform for enterprises. In 2016, Fuze grew sales by 90 percent, adding 449 new customers, including The National Geographic Society, The Rockport Group, Socotec, and John Paul with 36 percent of business coming from outside of North America. Its top ten deals of 2016 represented a combined $71 million in contract value, solidifying Fuze’s position as the leading UCaaS platform for global enterprises.

“Over 2016, we experienced tremendous growth in deal size among the large enterprise segment, with CIOs and IT leaders adopting Fuze’s unified communications platform as a central part of their strategy to drive digital transformation in their organizations,” said Steve Kokinos, Fuze Founder and CEO. “This latest round of investment advances Fuze’s aggressive pursuit of the market for our cloud-based business communications platform, accelerates geographic expansion to service our large global customers, and fuels product innovation in ways that align with our long-term growth strategy.”

The funding was led by Wellington Management Company LLP and joined by Greenspring Associates and existing investors Summit Partners, Bessemer Venture Partners (BVP), and G20. Total funding to date has reached $304 million.

http://www.fuze.com

Thursday, September 8, 2016

Connected2Fiber Raises Funding

Connected2Fiber, a predictive AI SaaS company for the networking industry, raised $1.12 million in venture financing in a new funding round that was led by Nauta Capital.

Connected2Fiber, which is based in Boston, uses data science, artificial intelligence and predictive analytics in a cloud-based system that helps B2B telecom network suppliers identify their best customer prospects, and B2B network buyers identify their best suppliers.

The company said its platform enables users to visualize critical information internally, and to ensure network intelligence is exchanged securely to conform to the customers' buying process. The system intelligently correlates new events that drive incremental demand to the industry, as well as continuously profiling locations and companies with proximity to the fiber networks. Connected2Fiber's customers are primarily fiber based network operators. There are over 2,500 suppliers, 50,000 intermediaries and 10M B2B buyers in the US alone. Connected2Fiber solves the fragmentation and complexity that today limits adoption.

http://www.connected2fiber.com

Tuesday, June 28, 2016

Cisco to Acquire Cloudlock for $293 Million

Cisco agreed to acquire CloudLock, a start-up focused on cloud security, for $293 million in cash and assumed equity awards.

CloudLock specializes in cloud access security broker (CASB) technology that provides enterprises with visibility and analytics around user behavior and sensitive data in cloud services, including SaaS, IaaS and PaaS. The company is based in Waltham, Massachusetts.

Cisco said the deal extends its Security Everywhere strategy, designed to provide protection from the cloud to the network to the endpoint.

“As companies are migrating to the cloud, they need a technology partner that can accelerate that transition and deliver critical security capabilities for all their users, apps and data in a seamless way,” said Rob Salvagno, vice president of Cisco Corporate Development. “CloudLock brings a unique cloud-native, platform and API-based approach to cloud security which allows them to build powerful security solutions that are easy to deploy and simple to manage.”

http://www.cloudlock.com
http://www.cisco.com



Cisco to Acquire Sourcefire, Creator of Snort Intrusion Detection


Cisco agreed to acquire Sourcefire (NASDAQ: FIRE) today announced a definitive agreement for Cisco to acquire Sourcefire, a leader in intelligent cybersecurity, for $76 per share in cash, representing an aggregate purchase price of approximately $2.7 billion. Sourcefire, which is based in Columbia, Maryland, was founded in 2001 by Martin Roesch, author of open source Snort, the world’s most widely deployed intrusion detection and prevention technology....

Cisco to acquire OpenDNS for $635 Million


Cisco agreed to acquire OpenDNS, a privately held security company based in San Francisco, for approximately $635 million in cash and assumed equity awards. OpenDNS provides a secure DNS offering with advanced threat protection for "any device, across any port, protocol or app." Its predictive security model is designed to anticipate malicious activity, including botnets and phishing. Its DNSCrypt technology converts regular DNS traffic into encrypted...

Distil Raises $21M for B

Tuesday, April 19, 2016

Threat Stack Secures $15.3 Million for Cloud Security

Threat Stack, a start-up based in Boston, announced $15.3 million in Series B funding for its cloud security and compliance management solutions.

Threat Stack recently launched its Cloud Security Platform (CSP) in early 2016. The cloud-native platform supports security insight across all environments, cloud security providers and containers.

The funding round was led by Scale Venture Partners (Scale), with participation from all existing investors, including Accomplice and .406 Ventures. This brings total investment in Threat Stack to more than $26 million.

“Since I joined Threat Stack a year ago, we’ve experienced incredible business momentum. Our growth is not only across our customer base but also as a team working passionately to build a security and compliance solution that meets the growing needs of modern cloud infrastructure,” said Brian M. Ahern, chairman and CEO, Threat Stack. “This latest round of funding validates our approach to the market, and will fuel further enhancement of Threat Stack’s Cloud Security Platform to improve operational efficiency, while resolving security and compliance challenges for customers across all industries.”

https://threatstack.com

Wednesday, January 20, 2016

Plexxi Lands Investment from Google's Venture Arm

Plexxi disclosed a strategic investment from GV (formerly Google Ventures). Financial terms were not disclosed.

Plexxi said GV’s investment enables it to continue to scale its networking product offerings and company operations to meet the needs of the emerging cloud builder community and drive adoption of software-defined architecture in data centers.

“Plexxi takes an innovative approach to high performance networking infrastructure,” said Rich Miner, General Partner at GV. “Plexxi’s platform has evolved at a rapid pace, and the company’s networking infrastructure products give companies the tools they need to maintain large scale networks that are more agile and efficient.”

“GV invests in companies that have their eye on the future, offer disruptive innovation and drive market change,” said Rich Napolitano, CEO of Plexxi. “We are at the dawn of the next great era of IT, the Cloud Builder generation, and Plexxi has developed a transformative data center network solution that promises to become the standard for future public and private cloud agility. We are thrilled to have GV join our investor team and become a key partner in this huge market opportunity.”

Plexxi investors also include Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners.

http://www.plexxi.com


  • Plexxi is headquartered in Nashua, N.H.


Plexxi Raises $35 Million for SDN

Plexxi, a start-up pioneering next-generation converged networking solutions, raised a $35 million round of financing .

Plexxi’s products – Plexxi Control and the Plexxi Switch – and market solutions create an optimized network that dynamically helps applications perform better.

The round was led by a new investor with participation from existing investors Lightspeed Venture Partners, Matrix Partners and North Bridge Venture Partners. This brings Plexxi’s total funding to $83 million.

“We are experiencing a generational shift to a new era of IT in which applications and data are rapidly increasing demand for a new agile and scale-out networking architecture,” said Rich Napolitano, CEO of Plexxi. “Plexxi represents a transformative converged networking and application-centric approach to traditional legacy networking. 2015 has been a record-breaking year for Plexxi as we gain a foothold in federal, financial services, education and service providers markets here in the United States and around the world.”

http://www.plexxi.com/

Wednesday, November 11, 2015

Perfecto Raises $35 Million for Testing Mobile User Experience

Perfecto Mobile, a start-up based in Boston, announced $35 million in venture funding for its work in ensuring high-quality digital and mobile experiences for enterprises.

Perfecto Mobile addresses the need for enterprises to continuously test and monitor their mobile and digital user experiences on real devices under real end-user conditions. Perfecto’s Continuous Quality Lab gives users access to a cloud-based test lab, complete with automated test scenarios that account for real user conditions across real devices. The company said its workforce has doubled this year with high growth projections for next year. Its customer base includes brands like Discover, Weather.com and Sky.

The funding came from new investor Technology Crossover Ventures (TCV), with continued participation from existing investors FTV Capital, Carmel Ventures, Globespan Capital Partners and Vertex Ventures.

“Customers now expect and depend on high-quality digital experiences when interacting with brands via the Web, mobile apps and IoT devices,” said Eran Yaniv, CEO of Perfecto. “Perfecto has developed leading solutions that help enterprises deliver high-quality digital experiences via our Continuous Quality Lab. I am excited about the partnership with TCV and look forward to working together in growing Perfecto’s global presence, expanding our quality offerings and positioning Perfecto for continued growth and innovation.”

http://www.perfectomobile.com/

Monday, November 2, 2015

ClearSky Data Raises $27 Million for Enterprise Storage Service

ClearSky Data, a start-up based in Boston, announced $27 million in a Series B funding for its a global storage network

ClearSky's global storage network manages the entire data lifecycle, combining the performance and availability of local enterprise storage with the scalability and economics of the cloud. ClearSky’s fully managed service automatically caches data across a network of geographically distributed layers, making data available to enterprise users where and when it’s needed.  The service combines primary storage, backup and disaster recovery with on-demand scaling and agility. It automatically caches data – moving cold data to the cloud, keeping warm data in metro-based PoPs within 120 miles of customers, and storing a small portion of hot data on-premises.

The funding round was led by Polaris Partners, with a strategic investment from Akamai Technologies. Previous investors General Catalyst and Highland Capital Partners also participated in the funding. This brings total investment in the company to $39 million.

“Managing primary storage is a huge and poorly served challenge in the enterprise infrastructure market. Legacy systems have failed to address customer needs and no one has figured out how to leverage the economics and agility of the cloud – until now. ClearSky has addressed this challenge head-on, creating a breakthrough software-as-a-service (SaaS) offering for primary storage,” said Dave Barrett, managing partner of Polaris Partners. “We’ve entered the next generation of the enterprise and ClearSky has a great opportunity to build the next major infrastructure company.”

Andy Champagne, vice president and chief technology officer, Akamai Labs at Akamai Technologies said, “ClearSky’s global storage network is the way for enterprises to move their data to the cloud—with the security, performance and availability they need to succeed. At Akamai, we know firsthand how to build a global network that meets the stringent requirements of enterprise customers, and we look forward to working with the ClearSky team to help customers worldwide as they adopt this new approach to enterprise storage.”

http://www.clearskydata.com/

Monday, January 12, 2015

Citrix Acquires Sanbolic for Scale-out Storage Virtualization

Citrix has acquired Sanbolic, a start-up specializing in workload-oriented storage virtualization technologies. Financial terms were not disclosed.

Sanbolic, which is based in Waltham, Mass., developed a scale-out software architecture for optimizing the delivery of application-specific workloads, from any media type – SSD, Flash and hard drives in NAS, SAN, server-side and cloud deployments. Sanbolic allows customer deployments to be geo-distributed across multiple locations and clouds; to scale in a linear and predictable manner; to have simplified provisioning and management; and to gain overall efficiency.

Citrix said the acquisition of the Sanbolic workload-oriented infrastructure technologies, combined with its own XenDesktop, XenApp and XenMobile products, enables Citrix to develop a range of differentiated solutions. Thes solutions promise to dramatically improve the economics and reduce the complexity of Windows application delivery and virtual desktop infrastructure (VDI) deployments.

More than 200 Citrix customers already use Sanbolic to guarantee non-stop availability and geo-clustering of their XenApp and XenDesktop solutions.

http://sanbolic.com/
http://www.citrix.com

Wednesday, November 19, 2014

VS2 Promises New Approach to Cyber Security

Virtual Software Systems (VS2), a stealth-mode start-up based in Waltham, Mass., said it is on track to unveil an entirely new approach to security based on the founders' expertise in systems architecture, design and development.

Set to demonstrate its groundbreaking technology in early 2015, VS2 will provide a missing piece of the puzzle in today's security infrastructure, filling the gap between current perimeter solutions (firewall, intrusion detection/prevention, anti-virus, etc.) and interior defenses such as encryption, which is currently the only method for protecting data following a perimeter breach.
To date, security companies have taken a traditional, defensive approach to protecting data and intellectual property assets.
"They've applied technologies and methodologies from the physical world to the virtual world – but the headlines tell us every day that this approach is incomplete," said VSPresident and CEO John Conway. "The mechanisms used by intruders to evade detection and trick perimeter defenses are infinite, so the key is to simplify and manage the attack surface from the inside of the computer. VS2 achieves this by rethinking security at the system design level, combining principles of fault tolerance with a new spatio-temporal architecture that virtually manipulates time and neutralizes attacks before they can become harmful exploits."

Thursday, February 6, 2014

Ericsson Acquires Azuki Systems for OTT Adaptive Bit Rate Streaming

Ericsson agreed to acquire Azuki Systems, a provider of TV Anywhere delivery platforms for service providers, content owners and broadcasters, for an undisclosed sum.

Azuki, which is based in Acton, Ma., developed a TV Anywhere platform that combines the power of over-the-top video with personalization, content protection, scalability and reliability features. It also enables multiple monetization options, beyond portals and authentication services. Azuki was founded in 2008 and has 49 employees.

Ericsson said Azuki will extend its TV and media portfolio, which includes the recent addition of Mediaroom from Microsoft.  Some of the key capabilities from Azuki include adaptive bit rate and content protection technologies. In addition, the acquisition brings a team of highly skilled software engineers.

Per Borgklint, Senior Vice President and Head of Business Unit Support Solutions at Ericsson said, "We are executing on our TV&Media strategy and Azuki adds key technologies and capabilities to extend our market leadership position. Traditional TV is shifting rapidly towards TV Anywhere. Azuki Systems further positions Ericsson to help customers deliver on the Networked Society's global demand for customized and personalized media experiences that include content on any screen, any time across any network."

Cheng Wu, CEO and co-founder of Azuki Systems, said: "Service providers, content owners and broadcasters face a range of challenges as they race to make content available on any device. Through worldwide deployments of our proven next generation video delivery solution, we have helped accelerate deployment and monetization of TV Anywhere services. Continuing this work as part of Ericsson will ensure that customers globally will have the most advanced support as they aim to deliver the best services for their subscribers."

http://www.ericsson.com
http://www.azukisystems.com/

In September 2013, Ericsson completed its previously announced acquisition of Microsoft's Mediaroom business and TV solution. The deal, which was first announced in April 2013, makes Ericsson the world's largest, by market share, and the most experienced provider of IPTV middleware technology and solutions.

The Mediaroom IPTV platform holds about a 25% share of the global IPTV market. Mediaroom-powered TV services are offered by nearly 60 of the world's leading operators, delivering services to almost 13 million households, and close to 24 million set top boxes, throughout the world. Customers include AT&T U-verse, Entertain of Deutsche Telekom, Telefonica, TELUS Optik TV and Swisscom.

Tuesday, September 3, 2013

RiverMeadow Closes $12 Million for Cloud Migration Tools

RiverMeadow Software, a start-up based in San Jose, California and Westford, Massachusetts, has closed a $12 million Series B financing round to support its automated server migration solution developed specifically for carrier and service provider clouds.

RiverMeadow Cloud Migration SaaS version 2.0 automates the migration process for moving both Linux and Windows servers into public, private or hybrid clouds. Unlike other solutions that migrate at the application level and have to account for shared libraries, registry entries and other complex interoperability issues, the RiverMeadow Cloud Migration SaaS migrates whole servers and disk volumes at the OS level.

RiverMeadow currently supports AWS and OpenStack.  Support for Microsoft Azure (Hyper-V) is on the roadmap for later this year.

Investors in the current funding round included Cisco, Violin Memory and others.

http://www.rivermeadow.com/

In April, RiverMeadow announced that Cisco will use the RiverMeadow Cloud Migration SaaS tool in its Cloud On-Boarding Service offerings to help customers easily move entire server workloads to public, private and hybrid cloud environments.

Thursday, May 2, 2013

FeedHenry Raises $9 Million for HTML5


FeedHenry, a start-up based in Ireland with offices in Boston, raised US$9 million for its cloud- based mobile enterprise application solutions.

FeedHenry's mobile application development platform enables development of native, hybrid and HTML5 apps that securely connect to multiple backend systems and supports deployment of server-side code to private, public or hybrid cloud environments.  The company said its solution offers IT departments the ability to create, control, measure, adapt and future-proof their mobile business strategies.

The new funding round was led by Intel Capital and includes a seven figure investment from existing investor Kernel Capital. Other existing investors VMware Inc., Enterprise Ireland and private investors also participated and were joined by new investment from ACT Venture Capital.

http://www.feedhenry.com


Wednesday, May 1, 2013

MassBroadband 123 Goes with Ciena for 40G

The Massachusetts Broadband Institute (MBI) is deploying Ciena’s 6500 Packet-Optical Platform, equipped with WaveLogic Coherent Optical Processors, to provide  40G connectivity across 120 communities in western and central Massachusetts, as part of a planned state-wide optical network.

The MassBroadband 123 network, which is funded by a combination of federal and state investment, will provide direct connections to schools, hospitals, libraries and public safety facilities that currently lack reliable, affordable Internet services.
 
Funding includes a $45.4 million grant from the American Recovery and Reinvestment Act’s Broadband Technology Opportunities Program (BTOP) and $26.2 million from Mass. statewide resources.


Ciena noted that OpenCape, a 350-mile fiber optic network across Southeastern Massachusetts, is also using its coherent optical transport and packet networking solutions. 


Wednesday, February 6, 2013

Samsung Invests in Cloudant for Database-as-a-Service

Samsung Ventures has made a strategic investment in Cloudant, a start-up offering a globally distributed database-as-a-service, which distributes application data across a global network of highly secure, high-performance data centers while providing non-stop data access with low-latency for its customers.

Cloudant said its DBaaS managed service helps developers eliminate the delays, costs, and distractions inherent in working with databases while providing scalability, availability, and performance.  The company is based in Boston.

https://cloudant.com

Wednesday, October 31, 2012

Nasuni Raises $20 Million for Enterprise Cloud Gateway

Nasuni, a start-up based in Natick, Mass., raised  $20 million in Series C funding for its enterprise cloud gateway. Nasuni provides a consolidated storage-as-a-service solution for distributed enterprises.  The solution brings all primary storage (i.e. file and block) together with built-in backup, replication, and offsite protection using an on-site appliance connected to the cloud.

The funding came from a new key investor,.Previous investors Flybridge Capital Partners, North Bridge Venture Partners and Sigma Partners also participated in the financing.

http://www.nasuni.com


  • Nasuni is headed by Andres Rodriguez, who previously was founder and CTO of Archivas, which developed an enterprise-class cloud storage system and was acquired by Hitachi Data Systems in 2006. Earlier, he was CTO of the New York Times, where he drove digital strategy at NYTimes and Boston.com.


MIT Tech Review: Breakthrough in Power Amplifiers

Eta Devices, a start-up company led by two MIT electrical engineering professors, has cracked the energy efficiency problem in power amplifier designs for radio communications.  According to MIT Technology Review website, the technology promises to reduce power usage in LTE base stations by half.  The company has the backing of Strata Venture Partners.

http://www.technologyreview.com/news/506491/efficiency-breakthrough-promises-smartphones-that-use-half-the-power/

See also