Boston tech saw some serious VC love this June, with five startups raising a whopping $215.3 million in funding — far more than the $130 million raised in May. Check out the five biggest rounds this month below.
5. Sqrrl, $12.3M, June 14
Investors: The recent investment was led by Boston-based Spring Lake Equity Partners, with participation from existing investors Matrix Partners and Accomplice, as well as California-based Rally Ventures.
Bio: Founded by a team of seven former U.S. government workers — including six from the National Security Agency — Sqrrl applies big data tech to cybersecurity, helping companies scan massive datasets of security information and find subtle anomalies that could indicate attacks.
News: The new investment will be used to build out Sqrrl’s global sales team, according to a press release. This brings the company’s total funding to $28.5 million.
4. M.Gemi, $16M, June 20
Investors: The Series C investment was led by BurdaPrincipal Investments, with continued participation from Accel, General Catalyst Partners, and Forerunner Ventures.
Bio: M.Gemi is a Boston-based accessories startup with offices in New York and Florence. The unique luxury brand ensures that each piece is handmade in Italy by craftspeople at the most renowned family-owned workshops, with new styles released each Monday.
News: This round of funding, which brought M.Gemi’s total funding to $47.2 million, will fuel ongoing investment in advanced technology to enhance predictive analytics and the brand's unique supply chain in Italy.
3. Catalant Technologies, $41M, June 27
Investors: The Series D round was co-led by Highland Capital Partners and General Catalyst.
Bio: The Boston-based company connects major organizations with over 40,000 experts for on-demand business needs so they can tackle everything from research and strategy, to marketing, finance, sales, operations and product initiatives.
News: According to Kylie Wright-Ford, Catalant's interim CMO, the latest round of investment will help the company accelerate development of technology tools that their customers use to engage talent to solve business problems as well as invest in the people that make their business possible.
2. CloudHealth Technologies, $46M, June 27
Investors: The Series D round was led by Kleiner Perkins Caufield & Byers, the backer of companies like Uber, Google and Amazon.
Bio: Founded in 2012, CloudHealth Technologies’ software analyzes data and helps companies manage their cloud environments.
News: The company's co-founder and CEO Dan Phillips told the Boston Business Journal that the new funding “allows us to be the leader in this market five and 10 years from now when this market has grown exponentially.”
1. Cybereason, $100M, June 21
Investors: The Series D round was led by repeat investor and Japanese multinational telecommunications company SoftBank.
Bio: Cybereason’s proprietary, automated SaaS cybersecurity technology and advanced monitoring services are currently used by hundreds of Fortune 1000 companies protecting themselves from highly advanced attacks, including the global WannaCry ransomware attack.
News: The new funding will be used to increase Cybereason’s growth through new distribution channels and to develop new technologies, CEO Lior Div said, adding that the strengthened SoftBank partnership will also help the company expand their global presence in the cybersecurity market.
