Led · Equity · Feb 2019

Affirmed Networks specializes in virtualized and cloud-native network solutions that enable mobile network operators to create, monetize and deliver 5G-styled services. Its flagship product is a fully virtualized and cloud-native Evolved Packet Core (EPC) platform, deployed in many of the world’s largest MNOs and used in multiple operator trials, including 5G trials in several countries. The company is led by President and CEO Dr. Hassan Ahmed and is based in Acton, MA. Affirmed currently has more than 100 customers worldwide, including many Tier 1 and Tier 2 mobile service providers. It intends to use the newly raised funds to continue investing in new products and to grow its customer base around the globe. The company raised $38M in its latest funding. Affirmed Networks builds virtualized network function and service orchestration solutions to modernize how mobile networks are architected, deployed, and monetized. Its commercially available products include the Affirmed Mobile Content Cloud, the AN3000, and the Acuitas Service Management System. The company says its offerings bundle gateway functionality with application and content-delivery services to enable high performance, scalability, resiliency, and new monetization paths for operators. Demand from operators spurred the company’s recent financing and positions it to support multiple deployments and numerous trials worldwide while expanding its carrier-grade virtualization solutions. Affirmed has created a global workforce across the U.S., U.K., Canada, Germany, Switzerland, Netherlands, France, Slovenia, Dubai, Japan, and South Korea. The company was founded in April 2010 and is based in Acton, Mass. Affirmed Networks is a stealth-mode company focused on developing new technologies for the wireless industry. The firm is based in Acton in the Boston area. According to a company filing with the Securities and Exchange Commission, Affirmed Networks has raised $1.4 million. The funding was provided by Matrix Partners and Highland Capital. The company has not disclosed product details or operating metrics in the filing.

Participated · Series C · Oct 2018

Infoworks provides a fully automated, end-to-end data warehousing platform built on Hadoop, covering data ingestion, synchronization, and the building of data models and cubes. The platform is designed to reduce time to production from months to days and to support large-scale, high-performance, highly concurrent analytics use cases. The company positions itself as an industry leader in enterprise data warehousing on Hadoop and addresses limitations of legacy solutions for structured and unstructured data. Infoworks is based in Silicon Valley and was founded by experts in data warehousing and big data. It is backed by Nexus Venture Partners and Centerview Capital Technology. The company will use the financing to scale go-to-market and customer success programs to meet customer demand. Infoworks offers a Dynamic Data Warehousing (DDW) platform that automatically crawls enterprise databases, ingests data into Hadoop, and organizes it into high-performance data warehouses and other data models. The platform supports enterprise analytics use cases, including cubes, via software automation and intelligent data organization. Infoworks announced a complete solution for data warehouse augmentation at the 2015 Strata conference. The company was founded in 2014 and is based in San Jose, California. Leadership includes CEO and co-founder Amar Arsikere and chairman and co-founder Buno Pati. With the Series A financing, Infoworks has expanded its management team to prepare for the next stage of growth. Centerview Capital's site reports that Infoworks secured a $25m Series C financing led by NEA. The announcement appears on the Centerview Capital site under 'Portfolio Company News.' The headline is present in the archive on March 23, 2017 and again on October 25, 2018. The provided article text names only the $25m Series C and NEA as lead investor and does not include product descriptions, market focus, or operating metrics. No details about revenues, users, prior rounds, founding year, or location are included in the supplied text.

Participated · Series C · Oct 2018

Infoworks.io provides a visual, code-free software platform that automates the entire data engineering process from source to consumption. The platform enables organizations to launch new analytics use cases and data-driven applications in days instead of months. Founded in 2014 by Buno Pati and based in Palo Alto, Calif., the company targets large enterprises across industries. Its customers include some of the world’s largest financial, retail, technology, healthcare, oil & gas, pharmaceutical and manufacturing companies in the Fortune 100 and Global Fortune 500. The company closed $25M in Series C financing led by New Enterprise Associates with participation from Nexus Venture Partners and Centerview Capital Technology. Infoworks intends to use the funds to scale up go-to-market initiatives. Infoworks.io, led by CEO and co-founder Amar Arsikere, offers an automated, end-to-end data warehousing platform built on Hadoop. The platform provides complete functionality from data ingestion and data synchronization to building data models and cubes in a single platform. It enables enterprises to create and manage large-scale solutions to support portfolios of concurrent analytics use cases. The company is based in San Jose, CA. Infoworks intends to use new funding to scale its go-to-market and customer success programs. The company closed a $15M Series B in March 2017 to support those efforts. Infoworks.io is a US-based company that provides big data management solutions. The article identifies the company's core product area as big data management but gives no technical or product specifics. Infoworks.io raised $5 million in a Series A financing. The round was led by Nexus Venture Partners, with participation from Knoll Ventures and other investors. The article does not disclose revenue, user metrics, use of proceeds, or further financial details.

Participated · Equity · Nov 2016

Sauce Labs operates the Sauce Labs Continuous Testing Cloud, offering a 360-degree view of application experience to ensure web and mobile apps look, function, and perform across browsers, OSes, and devices. The company has been expanding its platform to serve more users and use cases across the DevOps toolchain, adding support for developer-preferred frameworks such as Cypress, Playwright, and TestCafe. Sauce Labs has expanded both organically and via acquisition, recently acquiring AutonomIQ (scriptless test automation) and API Fortress (API testing). It also launched end-to-end visual testing capabilities and announced a technology partnership with Sumo Logic. Sauce Labs is privately held and funded by investors including TPG, Salesforce Ventures, IVP, Adams Street Partners, and Riverwood Capital. In March 2021 TPG significantly increased its investment stake and Art Heidrich of TPG joined the Sauce Labs board, reinforcing investor support for the company’s strategy. Sauce Labs offers a Continuous Testing Cloud that gives development and quality teams instant access to test coverage, scalability, and analytics for apps and websites across browsers, OSes and devices. Led by CEO Charles Ramsey, the company focuses on ensuring consistent digital experiences for end users. Sauce Labs says it will use a recent $50M growth investment to accelerate core business growth and expand research and development. In conjunction with the funding, Riverwood Capital’s Jeff Parks will join the company’s board of directors. The company plans to evolve its portfolio beyond functional testing to provide customers a 360-degree view of the application experience. Sauce Labs intends to pursue strategic growth opportunities with the new capital. Sauce Labs provides infrastructure-as-a-service and software that enables developers to write, manage and run automated tests. Once a test script is written, it can automatically execute across the devices, browsers and operating systems a developer selects. The company says its automated approach aligns with the industry shift toward Agile development and rising device/browser complexity. Sauce Labs reports approximately 3,500 customers and 140 employees. Management believes the market has caught up to its product and that the company is well positioned for growth. It plans to hire engineers, salespeople and customer success personnel over the next year to meet demand. Sauce Labs offers a testing cloud optimized for continuous integration and continuous delivery, enabling users to run JavaScript unit and functional tests written with Selenium and Appium. Its infrastructure lets teams run automated tests in parallel on multiple virtual machines across many browsers and platforms, removing the need to maintain a private test grid. The company supports more than 450 browser, operating system and device platform combinations. Sauce Labs plans to use new funding to extend its core web application testing offering and its mobile testing platform, continue backing Appium, and expand infrastructure, the development team and international operations. Leadership is led by Jim Cerna (CEO) and Steve Hazel (CPO). The company is funded by investors including Salesforce Ventures, Triage Ventures and the Contrarian Group. Sauce Labs is a cloud-based app-testing service that enables testing of mobile web applications on Mac OS X, iOS and Android devices and web apps on major browsers including Firefox, Internet Explorer, Safari and Chrome. The company added a management console called Sauce Team to provide team collaboration and improved visibility for finding bugs during testing. In August 2012 Sauce Labs released its mobile web application testing cloud, and usage metrics include a record 6 million tests in June and a total of 50 million tests since launch. Sauce Labs closed a $5 million Series C led by Toba Capital, bringing total funding to about $9 million since its first round of funding in 2009. The new funding will be used to implement the use of physical devices alongside mobile simulator capabilities, expected later this year, and to expand the sales organization. CEO John Dunham says Sauce Team is a first step toward better enterprise visibility and plans to allow teams to evaluate results against other users on Sauce Labs.

Led · Equity · Sep 2015

Acquia's Open DXP Platform is built on an open source architecture and informed by the large independent Drupal developer community. The platform fuses disparate data and marketing technologies to automate digital experiences at scale and the company serves more than 4,000 customers, including over 30 companies in the Fortune 100. Acquia recently expanded its offerings through the strategic acquisitions of Mautic and Cohesion. The company announced a definitive agreement to receive a majority investment from Vista Equity Partners, which it says will provide operational expertise to accelerate growth. Acquia plans to invest more in R&D, expand faster, bring products to market quicker, and continue giving back to the Drupal and Mautic developer communities. Acquia will continue to operate independently while the transaction is expected to close in the coming weeks subject to customary closing conditions and regulatory approvals. Acquia offers web content management and personalization tools built on Drupal that help businesses present targeted content and offers to different visitor segments. Its product suite focuses on segmentation, tracking site visitors, suggesting new segments from collected data, and improving targeting and customer experiences. The company emphasizes better data collection and personalized site behavior for use cases like distinguishing business travelers from families or event planners. The $55 million late-stage financing is intended to strengthen Acquia's position in the customer experience and web content management market. The article frames this raise as enabling Acquia to better compete with firms such as Adobe, Sitecore, Alfresco and enterprise incumbents like OpenText, SDL, IBM and Oracle. As of 2014, the company had a war chest that totaled $118 million, which the new funding builds upon. Acquia is a Burlington, MA-based digital business company that provides an open cloud platform for Drupal. The company leverages Amazon Web Services for enterprise-ready cloud infrastructure and is led by CEO Tom Erickson. Acquia has introduced products including Acquia Lift for testing and personalization, Acquia Cloud Site Factory for managing hundreds of sites, and Acquia Campaign Cloud for digital agencies. It also acquired TruCentric to add real-time customer profiling and user engagement to its product portfolio. Financially, Acquia recently closed a $50M financing led by New Enterprise Associates and has received an additional undisclosed investment from Amazon. The Amazon investment is intended to accelerate development of personalization, commerce, and big data marketing capabilities on Acquia’s platform. Acquia provides digital business solutions and cloud services built around the Drupal open-source CMS, targeting professional users, enterprises, media sites and developers. Its product lineup includes specialized services for high-traffic Drupal sites, e-commerce, multisite deployments, developer support, and Acquia Lift, a personalization service. CEO Tom Erickson says the company helps customers maximize business impact with an open cloud platform for integrated digital experiences. The company plans to use the new funding to scale sales and marketing and to double down on big-data marketing, personalized engagement and commerce. According to Acquia, bookings in the first quarter of 2014 increased 55 percent year-over-year. Including this round the company has now raised a total of $118.6 million. Acquia helps enterprises manage and scale Drupal-based online properties through cloud hosting and application analysis tools. Its core products include Acquia Cloud, a global Drupal cloud hosting provider operating across four continents, and Acquia Insight, an application analysis suite that assesses performance and security of Drupal applications in real time. The company counts customers such as Twitter, Warner Music Group, Humana, Stanford University, Mercedes‑Benz and the MTA. Led by CEO Tom Erickson and CTO Dries Buytaert, Acquia is based in Burlington, Massachusetts. The company recently completed a $30M financing, bringing total capital raised to $68.5M. Acquia plans to use the new funding to accelerate sales and marketing, expand internationally across Europe and Asia Pacific, and bring unified content, community and commerce solutions to market.