Tech news roundup: 2 cybersecurity startups raise a combined $106.3M, MOO brings on new COO and more

by Justine Hofherr
June 22, 2017

cybereason

Boston’s Cybereason pulls in a whopping $100M Series D

Boston-based cybersecurity startup Cybereason announced a fresh $100 million in funding Wednesday, led by repeat investor SoftBank. The Series D round was nearly double the $59 million Series C round the Japanese multinational telecommunications company led back in the fall of 2015. The company’s latest round, which will be used to increase Cybereason’s growth through new distribution channels and to develop new technologies, comes after Cybereason increased annual revenue by 500 percent last year and grew its workforce by 200 percent to nearly 300 employees. [Built In Boston]

greathorn

GreatHorn lands $6.3M in funding led by Techstars and .406 Ventures

Boston-based cybersecurity startup GreatHorn landed a $6.3 million Series A Wednesday led by Techstars and .406 Ventures. The recent round of funding will be used to help the company meet rising customer demand and accelerate GreatHorn’s sales and marketing efforts, GreatHorn CEO and co-founder Kevin O’Brien said. Driven by machine learning and automated response capabilities, GreatHorn’s cloud-first cybersecurity solution helps enterprises protect widely-used cloud communications platforms like Slack, Skype, Office 365 and G Suite. [Built In Boston]

MOO

MOO adds print industry expert to executive team

Digital print and design company MOO announced the hiring of Nick Ruotolo as its new chief operating officer this week. With more than 20 years of experience, Ruotolo will be focused on driving the 10-year-old e-commerce company’s operations and strategic growth. Ruotolo’s experience includes leadership roles at Vistaprint, where he helped grow the company into a multi-billion dollar business, and The Home Shopping Network, where he led the launch of HSN.com. [Press Release]

talla

Talla scores $8.3M Series A to build AI chatbots for companies

Boston-based startup Talla raised a $8.3 million Series A this week led by Glasswing Ventures. The company wants to alleviate annoying administrative duties through its AI-powered service desk software, which deploys a virtual chatbot that addresses IT’s and HR’s most pressing questions and requests, answering employees automatically via platforms like Slack, Microsoft Teams or Talla’s own TallaChat. The recent funding will be used to expand sales and marketing efforts, and to continue enhancing Talla’s advanced natural language processing infrastructure. [Built In Boston]

owl

Owl Labs reveals its first product, the Meeting Owl

Owl Labs is in stealth mode no more. The company unveiled its first product, “the Meeting Owl,” this week. The intelligent all-in-one video conferencing hardware aims to give remote employees a more engaging experience that makes collaboration possible. The Meeting Owl’s camera, speaker and mics work with most popular web-based conferencing platforms, with the Owl focusing on the recent in-room speakers while providing a panoramic view of the room. [Press Release]

 

Photos via social media and Built In

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