Wednesday, July 30, 2008

MedVentive Raises $3.5 Million in Second Round - Cambridge, MA

MedVentive, a Cambridge-based provider of business intelligence and patient outreach software that help providers and payers improve clinical outcomes and reduce costs, announced on Wednesday that it has raised an additional $3.6 million in its second round of venture capital from its existing investors, HLM Venture Partners and Long River Ventures. Also, the company named Nancy J. Ham as its president ad a member of its board of directors. Ham previously held executive positions at Sentillion and ProxyMed.

Tuesday, July 29, 2008

Veracode Gets Investment from CIA’s Venture Fund - Burlington, MA

Veracode, a Burlington-based provider of software application security testing technology, announced on Tuesday that it has received a strategic investment from In-Q-Tel, the strategic investment firm that identifies technology to support the mission of the U.S. intelligence community. Veracode is also backed by .406 Ventures, Atlas Venture and Polaris Venture Partners. The company said it will use the new investment from In-Q-Tel to accelerate specific research areas for governmental, commercial and open-source applications to further enhance its subscription-based application security products. Terms of the investment were not disclosed.

Guidester Re-Launches as Searchandise, Raises $7.5 Million - Beverly, MA

Guidester, the Beverly-based provider of an e-commerce ad network for product manufacturers, announced on Tuesday that it has changed its company name to Searchandise Commerce and raised $7.5 million in its third round of venture capital, which was led by Cloquet Capital Partners, a Chicago-based private equity firm. Founded in New York in 2000, Searchandise offers paid-search and online merchandising services to it customers. The company has a marketing partnership with e-commerce software company ATG, which allows merchants using ATG’s e-commerce platform to integrate the manufacturer cost-per-click bids that Searchandise provides from its network. Other investors in Searchandise include DFJ Gotham, Wheatley Partners, Milestone Venture Partners, Inflection Point Ventures and Tim Draper.

Friday, July 25, 2008

Tradual Raises $2.4 Million in First Round of Venture Capital - Boston, MA

Tradual, a Boston-based social media company focusing on foreign currency exchange, has raised $2.4 million in its first round of venture capital, according to a report by PE Hub, which cited a regulatory filing. The investment was led by North Bridge Venture Partners. Tradual’s website is not yet operational.

Thursday, July 24, 2008

Good Data Raises $2 Million in Seed Funding - Cambridge, MA

Good Data Corp., a Cambridge-based provider of collaborative business intelligence software, announced that it has raised $2 million in its first round of external funding, which included a group of individuals and Windcrest Partners. Good Data’s technology began development in 2002. Its software supports sharing and teamwork for collaborative business analytics and is currently in use in large insurance and retail businesses. Individual investors in the company include Esther Dyson, chairman of EDventure Holdings; Tim O’Reilly, founder and CEO of O’Reilly Media; and Roman Stanek, founder and CEO of Good Data, and former founder and CEO of NetBeans Inc. and Systinet Inc.

Monday, July 21, 2008

CambridgeSoft Raises $21 Million Investment from Goldman Sachs - Cambridge, MA

CambridgeSoft, a Cambridge-based provider of software for pharmaceutical, biotechnology, chemical companies and scientific research organizations, announced on Monday that it has raised $21 million from Goldman Sachs.

Friday, July 18, 2008

GenArts Announces VC Funding - Cambridge, MA

GenArts, a Cambridge-based provider of visual effects software for the film, broadcast and video industries, has announced that Insight Venture Partners, a New York-based firm, made a venture capital investment in the company earlier this year. Terms of the deal were not disclosed. Also, GenArts, which was founded in 1996, announced that it has hired Katherine Hays as its CEO. Hays is the former COO and co-founder of Massive Inc., which was acquired by Microsoft in 2006. GenArts’ product, Sapphire Plug-ins, equips digital artists with a collection of over 200 state-of-the-art image processing and synthesis effects. It has been used for major productions that include Spider-Man, The Matrix trilogy, and the television series Lost.

NeoSaej Raises $7 Million in Venture Capital - Burlington, MA

NeoSaej, a Burlington-based, online auction marketplaces and developer of, announced that it has raised $7 million in a venture capital deal, which was led by an undisclosed, Boston-based money management firm. Other investors in the deal include Stata Venture Partners and NeoNet. NeoSaej was founded in 2006. The company said it plans on using the new investment funds to develop new auction marketplaces and expand products offered by MoneyAisle, its first online marketplace. The company has now raised a total of $10.5 million of investment capital.

Thursday, July 17, 2008

Vericept Raises $8 Million - Waltham, MA

Vericept, a Waltham-based provider of data-leakage prevention software, announced that it has raised additional funding of up to $8 million in a deal led by Boston-based Sigma Partners. Vericept’s technology identifies and protects sensitive business information. The company's content classification and data-leakage prevention products are deployed in over 800 organizations worldwide. Vericept said that the funding will allow it to “focus on sales expansion and drive to profitability.”

Friday, July 11, 2008

ThingMagic Raises $9.5 Million in Second Round - Cambridge, MA

ThingMagic, a Cambridge-based developer of RFID (radio frequency identification) readers, sensors, and other embedded and low-cost computing technologies, has raised $9.5 million in its second round of venture capital, according to the company’s CEO, Tom Grant. ThingMagic’s technology is used by retailers, consumer companies, automotive firms, manufacturers and industrial automation firms. The company was founded in 2000 and employs under 40 people, Grant said.

Wednesday, July 09, 2008

Aspect Software Acquires Tewksbury’s BlueNote Networks - Chelmsford, MA

Aspect Software, a Chelmsford-based provider of unified communications systems for contact centers, announced on Wednesday that it has acquired substantially all of the assets of BlueNote Network, a Tewksbury-based, provider of business process communications software. As a result of the acquisition, Aspect said, it will now be able to “extend session initiation protocol (SIP)-based voice, video and other real-time interactive communication services to enterprise users as an integral part of a service oriented architecture (SOA).” Terms of the deal were not disclosed. Raises $9 Million in First RoundBoston –, a Boston-based, an online social networking site for high net worth individuals, announced that it has raised $9 million in its first round of venture capital, which was led by Hearst Corporation, Trident Capital, TL Ventures and several private investors. The company said it has used some of the funds to acquire Suzanne’s Files, a London-based, online source of “vetted content” for high net worth individuals. Through the acquisition, said, it has gained access to a targeted member base of 55,000 affluent individuals with an average income of $250,000 and assets in excess of $1 million.

VideoIQ Raises $10 Million in Second Round of VC - Bedford, MA

VideoIQ, a Bedford-based maker of video analytics, storage and networking technology for IP security cameras, announced on Wednesday that it has raised $10 million in its second round of venture capital, which was led by Lehman Brothers Venture Partners. Other investors in the deal include Matrix Partners and Atlas Venture. Launched earlier this year, VideoIQ’s technology offers real-time analytics that warn of threats, the ability to search for a particular person or vehicle, and an architecture that maximizes storage quality and minimizes network bandwidth requirements.

Tuesday, July 08, 2008

Paragon Lake raises $5.8M in funding - Boston, MA

Paragon Lake, a start-up that aims to make the custom jewelry design process more efficient, has raised $5.8 million in a Series A funding round led by Highland Capital Partners and Canaan Partners. The company, which was founded in 2006, has been developing a web-based jewelry design tool for independent jewelers that it hopes to release in the next few months.

Tuesday, July 01, 2008

Boomi raises $4M in VC funding - Berwyn, PA

Boomi is a leading provider of business integration solutions for small and mid-sized business (SMBs), has raised $4 million in its first round of venture funding from FirstMark Capital.