IT

25 stories
New Member to the Billion Dollar Club
SimpliVity raises $175 million, is now valued over $1 billion
SimpliVity chief executive Doron Kempel (courtesy of the company)
It has been one year since Waltham-based Actifio raised $100 million in investment funding, valuing the company at more than $1 billion and elevating it to "unicorn" status — meaning that it is privately held and has raised investment funding that values the company at more than $1 billion. Today, Westborough-based tech infrastructure company SimpliVity joins the unicorn list. Read More
Head in the Clouds
CloudHealth Technologies raises $12 million to support the growth of cloud computing
(NOAA NATIONAL WEATHER SERVICE; FREEBIGPICTURES.COM)
CloudHealth Technologies, a Boston-based developer of management software for the cloud, announced today that it has raised $12 million in new funding. The Series B investment round was led by Silicon Valley venture capital firm Scale Venture Partners, and was joined by existing investors .406 Ventures and Sigma Prime Ventures. Read More