Adaptive Insights, a cloud corporate performance management company, has raised $75 million in funding. The startup will use the funds for global expansion and product innovation. JMI Equity joined previous backers Norwest Venture Partners, ONSET Ventures, Bessemer Venture Partners, Cardinal Venture Capital, Monitor Ventures, and Information Venture Partners in the funding round. The funding may value the company at more than $1 billion, according to TechCrunch. “Financial and operational management is the cornerstone for every successful company. Adaptive leads this market through tremendous product innovation, strong executive leadership, and a rapidly growing, fanatical customer base. These characteristics define high performing SaaS companies,” said Peter Arrowsmith, general partner at JMI Equity.
Satellite-powered data startup Spire has closed a $40 million Series B round of funding led by Promus Ventures. New investors Bessemer Venture Partners and Jump Capital participated, as did previous backers RRE Ventures and Lemnos Labs, among others. Spire is set to begin deploying its satellites on a near-monthly basis starting September 2015. “The last 12 months have been full of fast deliberate growth for Spire where we’ve opened offices in Singapore and Glasgow amongst incredibly strong customer traction,” said Peter Platzer, CEO of Spire. “These funds reinforce our ability to sustain exceptional innovation and hire the world’s top talent.”
Distil Networks, a bot detection and mitigation company, raised $21 million in Series B funding. Bessemer Venture Partners led the round, with participation from previous backers Foundry, TechStars, ff Venture Capital, Idea Fund and Correlation Ventures. Distil has now raised $38 million to date and will use the latest funds to expand marketing, sales and engineering. “Malicious bots have become increasingly more pervasive, sophisticated and detrimental to companies around the world, and Distil is the only solution that is purpose built to identify and stop 99.99 percent of bad bots without affecting users,” said Distil Networks CEO and Co-founder Rami Essaid. “This latest round of funding combined with the momentum we’ve experienced since bringing our product to market further validates the need for a superior level of protection against malicious bots from attacking a company’s Web infrastructure.”
Cybersecurity company Venafi has raised $39 million in funding. The financing was led by QuestMark Partners, with participation from Intel Capital, Silver Lake Waterman and existing backers. “From online banking and mobile applications to the Internet of Things, everything IP-based relies upon a key and certificate to create a trusted connection. As the Immune System for the Internet, Venafi secures this foundation of security that the global economy runs on,” said Jeff Hudson, CEO of Venafi.