Matrix Partners

16 stories
No Hibernating
Sqrrl raises $7.1 million for its NSA-rooted security risk detection software
Left to right: Adam Fuchs, co-founder and CTO; Mark Terenzoni, CEO; Ely Kahn, co-founder and Director of Business Development.(Photo via Liz Linder Photography)
There are numerous potential threats to Internet security: lone-wolf hackers, state-sponsored cyber attacks, or identity and data theft, for example. But one of the most difficult cybersecurity challenges to identify and prevent are the Edward Snowdens — the players already inside an organization who are looking to steal or share sensitive information. Today, Cambridge-based Sqrrl, which uses data analytics to fight Internet security threats, including from those known as 'determined insiders' like Snowden, announced that it has raised $7.1 million in new funding. Read More
App team acquired
Airbnb picks up Pencil, Cambridge startup that built scheduling app
Airbnb has quietly acquired a small Cambridge startup, Pencil Labs. Pencil Labs had built a scheduling app called Wyth that was intended to eliminate some of the headaches of coordinating get-togethers with friends. Three of the key players at Pencil, including co-founders Carla Pellicano and Han Shu, have already relocated to San Francisco, where Airbnb is based. Read More
Let's do lunch...
Wyth app, from Fiksu and Vlingo veterans, wants to help manage your calendar
A Boston startup, Pencil Labs, has slipped a new calendar and messaging app called Wyth into the iTunes Store with zero fanfare. I've been tracking the startup since last May, but the founders aren't saying much and the website is still in "coming soon" mode. Pencil raised some early funding in 2013 from two Cambridge venture capital firms, Matrix Partners and Charles River Ventures. Read More
Bang for the buck
Adelphic aims to dominate the targeted mobile ad space
Adelphic cofounder Jennifer Lum and chief executive Michael Collins (courtesy of the company)
One thing you often hear in discussions about the Boston tech scene is that the city (and the surrounding suburbs) are filled with companies that are quietly building some of the most technologically innovative — and potentially most successful — new companies. There may be a bit of mythology tied to the notion that there are "quiet sleeping startup giants" all around Boston. But, hidden away in nondescript office buildings that overlook Route 128, there are actually some real rockstar companies to be found. Read More
Enter the Matrix
10 Matrix Partners-backed companies in Boston
Antonio Rodriguez, a general partner at Matrix Partners, is shown wearing the virtual reality headset made by Oculus VR of California. Rodriguez led Matrix's investment into the startup last year, and it's now set to be acquired by Facebook for $2 billion. <strong>Click through the slideshow</strong> to see some of the Boston-area companies Matrix Partners has in its current portfolio.
It’s well known that Boston’s Spark Capital has had plenty of hits lately, of which the $2 billion Oculus VR sale to Facebook is just the latest (you may remember the Twitter IPO from last year). But Cambridge venture firm Matrix Partners was also an investor in Oculus, and has been on a winning streak of its own lately. The IPO of in January and the sale of The Echo Nest to Spotify in February — both of them Boston-area companies — are notable recent successes for the storied VC firm. Read More
They took the red pill
Matrix Partners extends winning streak with huge Oculus sale to Facebook
For Matrix Partners, a storied venture capital firm whose past investments have included Apple Computer and Netezza, 2014 is shaping up to be one of its best years yet, says general partner Antonio Rodriguez. January saw the IPO of and February included the acquisition of The Echo Nest by Spotify, both of them portfolio companies for Matrix. Now comes the news that virtual reality startup Oculus VR, in which Matrix was an early investor, is set to be acquired by Facebook for as much as $2.3 billion. See related post: 10 Matrix Partners-backed companies in Boston Read More
Virtual reality, real windfall
Boston VC firms to profit with Facebook’s $2 billion buy of Oculus VR
Antonio Rodriguez, a general partner at Matrix Partners in Cambridge, is a board member at Oculus.
Virtual reality technology startup Oculus VR has reached a deal to be acquired by Facebook for approximately $2 billion, and two Boston-area venture capital firms, Matrix Partners and Spark Capital, are among the investors set to earn a windfall. The company is the maker of the the Oculus Rift virtual reality headset. Matrix’s investment into Oculus has been led by Cambridge-based general partner Antonio Rodriguez, while Spark’s investment has been led by Boston-based general partner Santo Politi. Read More