Join Transform 2021 this July 12-16. Register for the AI event of the year.

And now, today’s funding news:

DataStax raises $106M round for open source database licensing

DataStax, a company that sells licenses to a souped-up version of the popular Apache Cassandra open-source NoSQL database, has secured a heavy-duty $106 million funding round that puts it in a position to go public in the next two years.

With the new round, DataStax carries a valuation in excess of $830 million, chief executive Billy Bosworth said in an interview with VentureBeat.

Kleiner Perkins Caufield & Byers led the new round in DataStax. ClearBridge Investments, Cross Creek Advisors, Wasatch Funds, PremjiInvest, and Comcast Ventures also participated.

MetricSteam takes $60M for compliance software

MetricStream, a company that sells software to help companies ensure its employees remain compliant with all applicable regulations, has added $60 million in funding to its coffers.

The new money, which MetricStream announced today in a statement, should come in handy when it comes to competing with IBM, EMC, SAP, and other vendors in the governance, risk, and compliance business.

Read the full story here.

Propeller Health raises $14.5 for GPS asthma inhaler add-on

Madison, Wisconsin-based Propeller Health makes a small FDA-approved device that fastens to an inhaler and uses GPS to report when and where the inhaler was used. The information is reported to an app, and the data can be accessed by healthcare providers, who might gain insights on how to treat the patient’s condition.

The company says it has raised $14.5 million a funding round, led by Safeguard Scientifics, with participation from The Social+Capital Partnership.

Read the full story here.

Hootsuite reportedly lands $35 million in new financing

Hootsuite is on a roll. Shortly after the Canadian social management provider announced today it was buying social campaign provider Brightkit and enhancing its social media campaigns, there’s word that the company has landed $35 million in new financing.

The funding, from a group headed by Fidelity Investments, was reported in a story in today’s Wall Street Journal, which cited “people familiar with the matter.” The new money and announcements boost the company’s position and profile as it considers an initial public offering, which appears to be the gameplan.

Full story here.

PlusN takes $600K for carrier aggregation tech

PlusN, developer of a digital multiband downlink carrier aggregation solution, raised $600,000 to advance its commercialization efforts. Investors Franklin “Pitch” Johnson, founder of Asset Management Ventures, Chris Brody, chairman of VantagePoint Capital Partners, and John Levy, executive chairman of PlusN, led the financing.

See the press release here.

LiveAction raises $5.35M for app performance management

LiveAction, which sells a network and application performance management system, said it has completed a $5.35 million round of financing. AITV led the investment round with participation from Cisco Investments and Enerdigm Ventures.

Read the full story here.

Frank & Oak take $15M for fashion site

Two-and-a-half-year-old fashion site Frank & Oak today announced it has raised a $15 million round from Goodwater Capital, Greenoaks Capital, Investment Quebec, and Lululemon chief financial officer John Currie.

With fresh capital in hand and 1.5 million users signed up to date, Frank & Oak follows the members-only e-commerce model — the one originally made popular by sites like Gilt and Fab (and Europe Craft Imports in the 1980s). And as with their model, membership is free and anyone can join.

See the full story here.

Breather raises $6M for private rooms booking app

Breather‘s app lets you reserve a private room so you can get away for a few hours. Today the company announced a $6 million round led by RRE to bring “peace and quiet, on demand” to new cities, including San Francisco, Boston, and Chicago.

Available today in New York, Montreal, and as of this week, San Francisco, Breather’s founder and lead investor both used the term “weird” when describing the company.

See the full story here.

Symphony Commerce takes $21.5M for cloud commerce tools

Symphony Commerce is in the business of selling commerce tools as a service from the cloud. These commerce tools include the basics like inventory management, fulfillment, and payables. No software need be installed. The tools can be used by companies involved in a mix of ecommerce and brick and mortar.

The company has raised a $21.5 million Series B round of capital, led by CRV, with Bain Capital and FirstMark Capital also throwing in. After an earlier $12.2 funding round and the current round, Symphony’s total funding is $33.7 million.

Bridj drives into $4M for fancy commuter bus service

Bridj (pronounced “bridge”) wants offer regular commuters the comfortable private experience of the Google buses that cart worker bees from the Valley and back every day.

Unlike Leap and Chariot, Bridj offers comfy buses with dynamically updated routes that take into accounts tons of data points about passengers’ trips and needs, traffic, and so on. The idea is to significantly decrease the time and cost of riding by optimizing for efficiency, which of course needs to be in real-time.

Now, Boston-based Bridj has raised a fresh $4 million to continue working on its idea.


VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
  • up-to-date information on the subjects of interest to you
  • our newsletters
  • gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
  • networking features, and more
Become a member