Billions with a "b" is the note of the week in Boston tech news, with Cisco paying a couple billion dollars for a Massachusetts tech firm and PE company terrific Hill partners closing its latest ten-digit boom fund. study these studies and more during this week's roundup:
—Nebulous, a Boston enterprise constructing a cloud storage platform using blockchain know-how called Sia, has raised $three.5 million in a funding circular led through Bain Capital Ventures and joined by using Bessemer project partners, A.Capital Ventures, Collaborative Fund, Dragonfly Capital partners, Hack VC, INBlockchain, SV Angel and different buyers. The company says its decentralized cloud storage system, at $1 per terabyte per thirty days, is far more low in cost than what's offered with the aid of Amazon (NASDAQ: AMZN) and different providers. Nebulous says its users have already kept four petabytes (equal to 4 million gigabytes) of statistics, with two extra petabytes nevertheless attainable for storage on the Sia community.
—Rhapsody, a Boston tech business engaged on assisting healthcare facts programs talk with each different, is merging with Frisco, TX-primarily based CorePoint, an additional company of healthcare interoperability programs. terms of the merger were now not disclosed. The companies say in a statement that both will proceed to aid their respective systems.
—deepest equity firm super Hill companions has closed its seventh boom fund measuring $2.5 billion after 5 months of fundraising. traders in the fund latitude from public and private pensions, sovereign wealth money, endowments, foundations, assurance agencies, healthcare techniques, institutional fund managers, household places of work, and excessive net price people, remarkable Hill observed in an announcement. The fund will continue incredible Hill's strategy to invest in turning out to be middle-market groups in sectors starting from application to monetary and healthcare technology, digital media, eCommerce, and cyber web infrastructure.
—speakme of superb Hill, Chaossearch, a startup setting up search and analytics for the Amazon internet functions cloud platform, has named Derek Schoettle as an impartial board member for the business. Schoettle is an working associate at outstanding Hill and changed into leading Waltham, MA-based ZoomInfo except March when it become purchased with the aid of Washington advertising and marketing firm DiscoverOrg.
—GNS Healthcare, a Cambridge, MA-based mostly enterprise the use of desktop discovering for precision drugs, has raised $23 million in a funding round led with the aid of the corporate project arm of health insurer Cigna (NYSE: CI). becoming a member of the round had been Amgen Ventures (NASDAQ: AMGN), Celgene (NASDAQ: CELG), Echo health Ventures, Alexandria project Investments (NYSE: ARE), and former Caesar's CEO and Aetna division president Gary Loveman. For sufferers, GNS's technology makes use of information from fitness records to healthy individuals with therapeutics, approaches and certain care administration.
—Signavio, a German enterprise process technology enterprise with East Coast offices in Burlington, MA, has raised $177 million from Apax Digital and Deutsche Telekom Capital partners.
—Cisco (NASDAQ: CSCO) is buying Maynard, MA-primarily based Acacia Communications (NASDAQ: ACIA) for $2.6 billion in a deal to boost the networking enormous's stock of optical technologies, the agencies announced Tuesday. The deal values Acacia at $70 per share, a forty six percent premium to its closing inventory expense Monday, however nevertheless a bargain in comparison with Acacia's height share expense of $a hundred-plus in 2016, the year it went public. The acquisition is expected to shut in the 2nd half of Cisco's 2020 fiscal 12 months.
—Executives from Black Duck utility and Veracode, together with Bob Brennan and invoice Ledingham, are relaunching cloud computing infrastructure firm ReactiveOps and renaming the company Fairwinds after a deal backed by way of angel buyers to take over the enterprise. The business isn't disclosing how plenty the angel investor paid to purchase out ReactiveOps, nevertheless it says the investors have put in several million dollars extra for working capital.
—Dynatrace, a 14-year-old commercial enterprise utility intelligence business, has filed forms for an preliminary public providing that may carry as a lot as $300 million to restock its war chest and reduce its massive debt. If it follows via on the IPO plans, the Waltham, MA-primarily based enterprise would record its shares on the new york stock change below the ticker symbol "DT," in accordance with Dynatrace's filing with the SEC. It has not yet said what number of shares it plans to promote and at what cost.
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