Sunday, June 24, 2018
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NGINX, Inc., the company based on the open source project, offers a suite of technologies designed to develop and deliver modern applications. It has raised $43 million in Series C funding led by Goldman Sachs Growth Equity (GS Growth), a platform within Goldman Sachs’ Merchant Banking Division. The Series C brings NGINX’s total funding to $103 million.

According to Gartner Research, application modernization is imperative to achieving successful digital outcomes and drives increased enterprise adoption of microservices architecture to complement legacy applications and support evolving application demands. NGINX strives to help enterprises at each step of the modernization journey—a market that is growing at a 16 percent compound annual growth rate, and is projected to reach $32.01 billion by 2023,  according to the company.

SigFig Raises $50 Million

Financial technology company SigFig closed $50 million in Series E funding. The round was led by General Atlantic, a leading global growth equity firm, with participation from existing investors Bain Capital Ventures, DCM Ventures, Eaton Vance, New York Life, Nyca Partners, UBS, and Union Square Ventures.  

Founded in 2007, SigFig’s platform uses data science, technology, and simple design to help empower investors with the information and guidance they need to achieve their financial goals. While consumers can access products through, the company also offers an end-to-end Enterprise Digital Wealth Management platform for financial institutions such as Wells Fargo, UBS, and Citizens Bank. According to the company, these partnerships represent 70 million customers.

Founders Fund Leads Emulate, Inc. in $36 Million Financing Round

Emulate, Inc., secured $36 million in Series C financing led by Founders Fund, as well as new investors ALS Investment Fund, SciFi VC, members of GlassWall Syndicate Association, and existing investors.

Emulate’s automated, lab-ready Human Emulation System is comprised of Organ-Chips, instrumentation, and software applications. The company plans to add advanced biological capabilities to its Organ-Chip products, including the Liver-Chip, Intestine-Chip, Lung-Chip, Brain-Chip, and human-relevant models of thrombosis and immune system modulation.

The company plans to use the funds for broadening functionality and enhancing commercial efforts of its Human Emulation System™ so that pharmaceutical industry researchers can use Organs-on-Chips technology across the entire drug discovery and development process.

Endpoint Security Company Announces $120 Million Funding Round

Cylance Inc., an endpoint security firm delivering AI-based threat prevention, closed a $120 million funding round led by funds managed by Blackstone Tactical Opportunities.

The company’s  predictive endpoint security solution uses machine learning to protect clients from unknown cyberattacks. According to a recent SE Labs report, with Cylance’s “predictive advantage,” a company can protect endpoints from threats which may not exist for years. Since the company’s inception, its machine learning-based approach has prevented attacks 25 months before attacks were launched.

Cylance plans to use the new funding to bolster its sales, marketing, and development efforts to increase market share, further expand its global footprint across Europe, the Middle East, and Asia Pacific, and extend its product offerings.

Liquidity Provider SharesPost Raises $15 Million Series C Funding

SharesPost, Inc., a liquidity provider to the private technology growth asset class, secured $15 million in a Series C round led by LUN Partners, a global investment management group headquartered in Shanghai that operates multiple investment vehicles, including venture capital and private equity funds. Kenetic Capital, a Hong Kong-based firm supporting blockchain platforms through investments, advisory services, community building, and technology development also participated.

With trading in the shares of 200 private growth companies, SharesPost’s trading volume surpassed $4 billion. In 2018, it amended its Form ATS to include blockchain securities and tokens among those to be traded on its platform. As a result, the company is now well-positioned to conduct ICOs and facilitate secondary transactions in digital securities in compliance with U.S. securities laws.

SharesPost plans to use the funding to build out SharesPost’s alternative trading system for private company shares and security tokens and to further expand its global reach into Asia.

Vbrick Closes $20 Million in Funding

Enterprise video software provider Vbrick received $20 million in funding led by Morgan Stanley Expansion Capital, with participation from existing investors Acme Nova and Adams Capital.

Customers use Vbrick’s Rev platform to stream and record their executive webcasts, connect with their employees globally, and consolidate recorded video into a single system of record for consistent messaging across their organizations. Since the launch of its platform in 2015, the company says it has added 300 new customers and experienced 100% annual subscription revenue growth. In 2018, Vbrick was recognized as Cisco’s Global Independent Software Vendor Ecosystem Partner of the Year.

The company plans to use the funding to build upon the adoption of Vbrick’s video platform into the enterprise market by accelerating innovation, growing sales and marketing, and fueling the company’s partner ecosystem.

Aaptiv Closes Series C

Premium digital health and wellness content provider Aaptiv Inc., raised $22 million in a Series C funding round led by Millennium Technology Value Partners, a growth equity firm that previously invested in Spotify, Facebook, and Alibaba, as well as 14W, a venture capital firm with a portfolio that includes Wallapop, Glossier, Lyst, and Goop. Existing investor Insight Venture Partners also participated, bringing its total investment in Aaptiv to $30 million. Strategic investors include the Amazon Alexa Fund, Disney, Warner Music Group, and NWS Holdings. Aaptiv will be joining the Disney Accelerator this summer.

According to the company, which launched in 2016, Aaptiv’s audio-guided fitness classes have been streamed more than 14 million times by 200,000 paying members. Total funding for the company is now over $52 million.

This investment is Aaptiv’s largest round to date, and the company plans to use the funding to further the company’s technology innovation, product growth, and customer acquisition.  

CrateDB Developer Secures $11 Million in Series A Funding
Credit:, developer of CrateDB, an open source SQL database for real-time machine data and IoT applications, closed $11 million in Series A funding led by Zetta Venture Partners and Deutsche Invest Equity, with participation from Mike Chalfen, Momenta Partners, and Charlie Songhurst. Existing investors Draper Esprit, Vito Ventures, and Solomon Hykes also participated in the round. The company also announced the launch of its commercially-available Crate Machine data platform and version 3.0 of CrateDB.

The Crate Machine data platform is designed to help companies simplify building and operating the data management “plumbing” that forms the foundation for IoT systems. The platform is a cloud-native stack available as a fully-managed offering on Microsoft Azure, or as an on-premises solution.

Y Combinator Company Secures $28 Million in Series C Funding

Online financial technology company SmartAsset raised $28 million in Series C funding from Focus Financial Partners (which is backed by Stone Point Capital and KKR), Javelin Venture Partners, TTV Capital, IA Capital, and Citi Ventures, among others. This increases the total funding in the company to more than $51 million.

The six-year-old Y Combinator company strives to provide personal finance information and tools to 45 million people each month. Featuring proprietary automated financial modeling software, SmartAsset’s tools, calculators, data-driven studies, and educational content are designed to provide personal finance resources directly to consumers.

SmartAsset plans to use the funding to further grow its audience, as well as expand its fast growing SmartAdvisor platform, which matches consumers to financial advisors.

Business Catering Marketplace Announces $100 Million Series D

ezCater, a nationwide marketplace for business catering, raised a $100 million Series D investment led by Wellington Management Company LLP, with participation from existing investors ICONIQ Capital and Insight Venture Partners. The Series D brings ezCater’s total funding to $170 million.

ezCater, founded in 2007, is designed to help businesses find reliable local catering providers and order from them online. According to the company, ezCater customers come from organizations of all sizes and industries, including Astra Zeneca, Redfin, Tesla, and 90 percent of the Fortune 500. ezCater also strives to help restaurant operators grow their businesses.

The company plans to use the funds to extend its market leadership, deepen its products, and expand internationally.

Cohesity Series D Raises $250 Million

Hyperconverged secondary storage provider Cohesity closed $250 million in an oversubscribed Series D funding round led by the SoftBank Vision Fund with strong participation from strategic investors Cisco Investments, Hewlett Packard Enterprise, and Morgan Stanley Expansion Capital, as well as early investor Sequoia Capital.

Cohesity is designed to consolidate secondary storage silos onto a hyperconverged, web-scale data platform that spans both private and public clouds, allowing its enterprise customers to streamline their backup and data protection, converge file and object services, and test/dev instances and analytic functions to provide a global data store.

Cohesity counts Global 1000 companies and federal agencies among its customer base and was named to Forbes’ “Next Billion-Dollar Startups 2017,” LinkedIn’s “Startups: The 50 Industry Disruptors You Need to Know Now,” and CRN’s “2017 Emerging Vendors in Storage” lists.

The company plans to use the investment to drive its large-scale global expansion.

Biotech Platform Benchling Raises $14.5 Million

Benchling, a data management and collaboration platform built to advance life sciences research, closed $14.5 million in Series B funding led by Benchmark, with participation from F-Prime Capital, a global venture capital firm associated with Fidelity Investments, and returning investor Thrive Capital. Benchmark General Partner Eric Vishria is also joining the company’s board of directors.

Since its last funding round in 2016, 100,000 scientists across enterprises and academia standardize on Benchling’s R&D platform, including pharmaceutical and biotech customers Regeneron Pharmaceuticals, Incyte, Editas Medicine, Agenus, Zymergen, and Obsidian Therapeutics.

According to the company, the new funding comes as the company’s ARR skyrocketed 500% and its customer base tripled year-over-year. Benchling plans to use the funds to accelerate product development and continue growing its team.