200 Views

Cylance rakes in more than $42 mln Series C

Cylance Inc, which uses artificial intelligence to predict and prevent cyber attacks, has raised more than $42 million in Series C funding. DFJ Growth led the round with participation from KKR, Dell Ventures, CapitalOne Ventures, Thomvest,  DraperNexus, Blackstone, Fairhaven Capital, Khosla Ventures and TenEleven Ventures. In addition to the funding, Mark Bailey, co-founder and managing director of DFJ Growth, has been added to Cylance’s board of directors.

163 Views

Black Duck Software attracts $5 mln, adds VC Keshian to board

Black Duck Software, an OSS logistics solutions provider, has received $5 million in funding. The investor was Siemens‘ venture capital unit. Also, the company has named Dean Vassiliou as vice president of success management and added Daniel Keshian to its board of directors. Keshian is a former managing director at Fairhaven Capital and venture partner at Greylock.

174 Views

CounterTack closes $20 mln Series B round with funding from Alcatel-Lucent

CounterTack, which delivers real-time threat detection, has closed out its $20 million Series B funding with an investment from Alcatel-Lucent. Other investors in the Series B round include organizations in the commercial and federal sectors, including Goldman Sachs, the venture capital arm of Siemens, Fairhaven Capital, Razor’s Edge and OnPoint Technologies, the VC arm of the U.S. Army.

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StarVest Partners leads Series B round for CrowdTwist

CrowdTwist has raised $9 million in Series B funding. StarVest Partners led the round with participation from return backers that included Fairhaven Capital and SoftBank Capital. Based in New York City, CrowdTwist is a omnichannel loyalty and analytics solutions provider.

Verdasys nets $12 mln, also names new CEO

Verdasys said Wednesday that it has raised $12 million in funding. Previous backers GE Pension Trust, which is advised by GE Asset Management and Fairhaven Capital led the round with participation from Brookline Venture Partners. In addition to the funding, Kenneth Levine, a co-founding partner at Brookline Venture Partners and a former GM at McAfee (now Intel Security), has been named CEO of Verdasys, replacing Jim Ricotta. Levine will also join the firm’s board of directors. Based in Waltham, Mass., Verdasys is a provider of advanced data protection solutions.

CounterTack closes Series B

CounterTack has closed a $12 million Series B round of funding, supported by Goldman Sachs, Fairhaven Capital and a group of private investors. The funding will help CounterTack to support its accelerated go-to-market strategy and global expansion in the endpoint threat detection and response market.

SocialFlow Raies $10M From Fairhaven, SoftBank, RRE, AOL, Others

SocialFlow said it raised a $10 million Series B round in a deal led by Fairhaven Capital and joined by existing investors SoftBank Capital, RRE Ventures, AOL Ventures and Betaworks. Also in the round were new investors kbs+ Ventures and Rand Capital Corporation. SocialFlow is developing social media marketing products.

Khosla, Fairhaven Back Cybersecurity Startup Cylance

Cylance came out of stealth today and announced it has raised $15 million in its first round of funding from Khosla Ventures and Fairhaven Capital. The company–founded last year by Stuart McClure, a former global CTO of McAfee–also named retired Admiral William J. Fallon to its board.

NanoSteel Apoints to Board

The NanoSteel® Company, a nano-structured steel materials design business, has appointed global automotive industry professional Bob Lutz to the company’s board of directors. NanoSteel is funded by EnerTech and Fairhaven Capital. PRESS RELEASE The NanoSteel® Company, a leader in nano-structured steel materials design, today announced the appointment of global automotive industry visionary Bob Lutz to […]

TrackVia Raises $7.1M From Longworth, Fairhaven, Access, Flywheel, Others

TrackVia said it raised $7.1 million in a fundraising round led by Longworth Venture Partners and Fairhaven Capital, and joined by Access Venture Partners, Flywheel Ventures, Draper Associates and Allen & Company. The funds will go to expand sales, marketing and engineering operations at the applications development services company.

Lilliputian Raises $40M From Rusnano, Intel, KP, Others

Lilliputian Systems, Inc. said it closed on $40 million of a planned $60 million equity round that was led by RUSNANO and joined by existing investors Intel Corporation, Kleiner Perkins Caufield & Byers, Altira Group, Stata Venture Partners, Atlas Venture, and Fairhaven Capital. The company makes portable fuel cell re-charger for consumer electronics.

CounterTack Seals $9.5M

Waltham, Mass.-based CounterTack, a maker of in-progress cyber attack intelligence and response technology, has closed on $9.5 million in fresh capital. Fairhaven Capital led the Series A round. CounterTack was formerly known as NeuralIQ.

CrowdTwist Closes $6M Series A

Softbank Capital and Fairhaven Capital led a $6 million first round for CrowdTwist, developer of a social loyalty and rewards platform. kbs+p Ventures, Bertelsmann Digital Media Investments and several individual investors also participated in the round, the company said Monday.

Fairhaven Capital Closes $250 Million VC Fund

Fairhaven Capital has raised $250 million for its first fund since spinning out of TD Bank last year (it was previously named TD Capital Ventures). The Cambridge, Mass.-based venture capital firm had been targeting $200 million, with a $250 million capital. TD Bank is among the new fund’s limited partners.

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