Some sizable tech company financings announced in the past day or so. These are mid-stage or growth-stage companies, not early-stage startups:
—TwinStrata, a Natick, MA-based data storage and backup company, closed its Series B round at $8 million, led by Avalon Ventures. Xconomy reported on this round in progress back in August. TwinStrata is led by CEO Nicos Vekiarides. It has the distinction of being one of Boston’s “10 boring tech companies that are actually interesting,” a list I compiled last March.
—Black Duck Software, the Waltham, MA-based open source software development company, has raised $12 million led by new investor Split Rock Partners. Its existing investors include General Catalyst Partners, Volition Capital, Flagship Ventures, Focus Ventures, Intel Capital, SAP Ventures, and Red Hat. Black Duck started in 2002 and says it has been cash-flow positive since 2009 (you can read an Xconomy profile from back then here).
—Care.com, the Waltham, MA-based online portal for finding family caregivers, has raised $25 million from investors including New Enterprise Associates, Matrix Partners, and Trinity Ventures. The five-year-old company is led by CEO Sheila Lirio Marcelo, and it raised a $20 million round a year ago.
Author: Gregory T. Huang
Greg is a veteran journalist who has covered a wide range of science, technology, and business. As former editor in chief, he overaw daily news, features, and events across Xconomy's national network. Before joining Xconomy, he was a features editor at New Scientist magazine, where he edited and wrote articles on physics, technology, and neuroscience. Previously he was senior writer at Technology Review, where he reported on emerging technologies, R&D, and advances in computing, robotics, and applied physics. His writing has also appeared in Wired, Nature, and The Atlantic Monthly’s website. He was named a New York Times professional fellow in 2003.
Greg is the co-author of Guanxi (Simon & Schuster, 2006), about Microsoft in China and the global competition for talent and technology. Before becoming a journalist, he did research at MIT’s Artificial Intelligence Lab. He has published 20 papers in scientific journals and conferences and spoken on innovation at Adobe, Amazon, eBay, Google, HP, Microsoft, Yahoo, and other organizations. He has a Master’s and Ph.D. in electrical engineering and computer science from MIT, and a B.S. in electrical engineering from the University of Illinois, Urbana-Champaign.
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