Series A
Boston-based predictive analytics company DataRobot has raised a $21 million Series A round led by New Enterprise Associates. Atlas Ventures, IA Ventures and New York Life Insurance Co. also participated. DataRobot is currently running in beta and will use the new funds to build out its team. DataRobot allows data scientists to post their data to its cloud, where the company’s software then preprocesses the data and helps the user solve the problem faster and more efficiently.
Guardicore, which provides security solutions for data centers, has closed an $11 million Series A round of funding led by Battery Ventures. Greylock IL and other undisclosed strategic investors also participated. The company is to use the funds to expand and sell its technology. “GuardiCore is developing a completely new breed of network security,” said Pavel Gurvich, the company’s chief executive. “Powered by software-defined networking (SDN) methodologies and recent advances in virtualization, our solution is scalable to multi-terabit traffic rates. GuardiCore’s mission is simple: to provide security and IT executives with advanced tools to win the war against cyber-attacks.”
Series B
Business intelligence solutions company Comprehend Systems has secured $21 million in Series B funding in a round led by Lightspeed Venture Partners. Previous investor Sequoia Capital also participated. Comprehend was founded in 2010 and has raised over $30 million to date. The company’s solutions enable life science companies to bring treatments to market faster and more affordably. “Comprehend’s technology is enabling drug and devices sponsors to approach the clinical research process in a fundamentally new way, and the market is responding with great enthusiasm,” said Peter Nieh, partner at Lightspeed Venture Partners.
Series C
Medallia, a customer experience management company, has raised $50 million in Series C funding from Sequoia Capital. Medallia was founded in 2001 and has raised $105 million to date. The latest funds will be used to hire engineers and expand its team. The company enables its users to improve customer service through managing feedback. Medallia’s clients include Nordstrom, Best Western, Lego and Telstra.
Funding
U.K.-based Purplebricks, which provides tools to help people rent or sell real estate property, has raised a $13.4 million investment round led Neil Woodford. The company aims to ease the process of dealing with agents through its online offering. Neil Woodford is one of the U.K.’s most high profile fund managers and takes a 30% stake in the company with this deal.