Matrix Partners

18 stories
In the shadow of Apple Watch
After staff shuffle, Quanttus will unveil wrist-worn health monitor this month
Quanttus CEO Shahid Azim. (Photo by Scott Kirsner / BetaBoston.)
Amid all the hype about the Apple Watch, expected to start shipping later this week, a Cambridge startup working on a smartwatch of its own has stayed very quiet. But that will change on Friday, when Quanttus unveils the design of its first product on Friday at the Wired Health conference in London. Quanttus became the best-funded local startup working on wearable devices after it raised $19 million last February, which brought its total funding to about $22 million — but there have recently been a few high-profile departures at the company. Read More
Early Developer Development
Flatiron School bringing its high school coding program to Boston
Adam Enbar, one of the cofounders of New York City coding program Flatiron School, is no stranger to Boston. The Harvard Business School graduate did stints at HubSpot and CRV (when it was still known as Charles River Ventures) before heading to New York to start, with Avi Flombaum, what has become one of the model programming schools in the country. Read More
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