SimpliVT Brings in $9.2M

SimpliVT, a Waltham, MA-based stealth-mode startup founded by software entrepreneur Doron Kempel, has wrapped up a $9.2 million equity-based round of funding from eight unnamed investors, according to an SEC filing. The company does not yet have a website revealing its products or technology, though Kempel told me on the phone that his startup is in the IT infrastructure software space. Kempel previously co-founded Framingham, MA-based Diligent Technologies, a data de-duplication software startup that was acquired by IBM in 2008, the same year that SimpliVT was founded, according to today’s SEC document. SimpliVT raised about $1 million in its first round of funding last October, according to a regulatory document.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.