A Waltham startup is coming out of stealth mode today, with $8 million in funding. Cazena reunites several veterans of Netezza, a data warehousing startup that went public and then was acquired by IBM for $1.7 billion four years ago. The deal is unusual in that it's the first time California-based Andreessen Horowitz — the venture capital firm co-founded by the fellow who brought you the Netscape browser — has participated in a Series A round of funding for a startup here in Massachusetts. Andreessen Horowitz is investing alongside North Bridge Venture Partners, the Waltham VC firm.
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Uber hasn’t become a massive hit because all of a sudden consumers decided they’d like a more convenient form of personal transportation. Or because Uber was smart enough to tap into this consumer desire.
One of the few remaining major venture capital firms located in the Boston suburbs isn’t planning to stay there for long. North Bridge Venture Partners, based in Waltham, is planning to move to Boston or Cambridge some time later this year, said general partner Michael Skok. Read MoreBig tech firm gets biggerDyn acquires Nettica in Web performance consolidation