iOnRoad, an Israeli maker of a driving app for smartphones, has won the third annual Qualcomm Ventures QPrize. The company previously won QPrize's Israel regional competition, and with it, $100,000 in venture financing. With the new prize, iOnRoad will receive an additional US$150,000 in convertible note funding from Qualcomm.
3 min read · 14 March 2013
Endgame Inc., a provider of cyber security software, has closed on $23 million in Series B equity financing. The money will be used to expand the company’s customer base. Paladin Capital Group led the round, with participation from existing investors Bessemer Venture Partners, Columbia Capital, Kleiner Perkins Caulfield & Byers and TechOperators.
3 min read · 13 March 2013
XL Hybrids Inc., maker of a low-cost hybrid electric powertrain for commercial vehicles, has raised $4 million in new funding. The company did not name investors in the Series B round. XL Hybrids is based in Boston.
2 min read · 13 March 2013
HG Data Company has raised $2 million in funding led by EPIC Ventures. The company is developing a cloud-based business intelligence database, and will use the money to increase coverage of the database, and expand its operation.
3 min read · 13 March 2013
Motorola Solutions Venture Capital has invested an undisclosed amount in BriefCam, a developer of Video Synopsis software for the rapid review and analysis of surveillance video. The money will be used for sales and marketing.
4 min read · 13 March 2013
Evolv, a developer of data analytics software focused on workforce profitability, has raised $15 million in Series D financing. VantagePoint Capital Partners led the round. Existing investors GGV Capital, Lightspeed Venture Partners, and Khosla Ventures also participated.
3 min read · 12 March 2013
NG Advantage, operator of a Milton, Vermont natural gas compressor station, has raised an undisclosed amount of new funding. Investors include Boston-based Essex Flagship Investors Group, the Clean Energy Venture Group, and Boston-based developer David Donohue.
3 min read · 12 March 2013
Crushpath, a developer of sales software, has closed on $6 million in fresh capital. The Series A round is led by Chamath Palihapitiya, founder and managing partner of The Social+Capital Partnership, with participation from George Zachary of Charles River Ventures.
3 min read · 12 March 2013
SwiftStack, a San Francisco-based startup, has raised $6.1 million in a Series A round. Mayfield Fund led the round, with additional participation from Storm Ventures and UMC Capital. The company, a developer of software-defined storage, has raised a total of $7.6 million to date.
3 min read · 12 March 2013
YJ Capital, a Yahoo Japan venture capital fund, has put $5.4 million into FreakOut, a digital marketing company based in Japan. FreakOut invested the funds into real-time mobile demand-side platform provider Dobleas, the company said in a press release. Dobleas was started and spun-off last year by FreakOut President Yuzuru Honda, and is based in New York.
4 min read · 11 March 2013
