Logz.io raises $23M to double Boston headcount
As companies produce a never ending sea of data, log analysis — or the art of making sense out of computer-generated records — is becoming increasingly important. Luckily, Boston-based startup Logz.io (which secured a fresh $23 million Series C round today) is up to the task, thanks to its powerful AI-powered log analysis capabilities. Logz.io said the funding, led by OpenView, will be used for product innovation, go-to-market expansion and serving the needs of the company’s growing customer base, which includes 400 enterprises including Oracle and Intel. The company also plans to double its Boston headcount from 25 employees to 50 or 60 over the next year. [Built In Boston]
Cake raises $1.35M for end-of-life planning platform
It’s a depressing topic, but end-of-life planning is an important and necessary step to ensure your loved ones don’t have to deal with financial issues or family conflict after you pass. Cake, a Boston-based startup, raised $1.35 million in seed financing this week led by local VC firm Pillar to help you do just that. Founded by Suelin Chen and Mark Zheng, Cake uses a “Tinder-like” format to ask people direct questions about their final wishes, using the answers to create a living document that can be updated and shared with others. [BostInno]
Toast ranked No. 3 on Deloitte’s Technology Fast 500 report
Toast, the Boston-based startup offering an all-in-one restaurant technology platform, was ranked as the third fastest-growing tech company in the country by Deloitte’s Technology Fast 500 report this week. The annual ranking, which lists the 500 fastest-growing U.S. companies in technology, media, telecommunications, life sciences and energy, recognized 16 Massachusetts-based digital tech companies this year. This was Toast’s first year on the list. [Built In Boston]
Boston ranked No. 2 most likely spot for Amazon HQ2 by WSJ
According to a new ranking by the Wall Street Journal, Boston is the second most likely location (after Dallas) for Amazon’s second headquarters. They ranked 11 cities, including Amazon’s Seattle hometown, based on metrics of the company’s listed criteria and interviews with site selection experts. The top three cities WSJ ranked were Dallas, Boston and Washington, D.C. Boston ranked highly for its “cultural fit” and fiscal health, but not so highly for cost of living and the size of its tech labor force. [Boston Globe]
Acquia brings on new CEO Michael Sullivan
Acquia announced this week that it has hired Michael Sullivan as its new CEO, effective in December 2017. Sullivan, 52, has a long track record in building high-growth SaaS companies and has led the acquisition and integration of a handful companies over the course of his career. He will be joining Acquia as the company marks its 10th anniversary as a leader in cloud-based, open-source web content management. Most recently, Sullivan was at Micro Focus, where he participated in the merger of Micro Focus with Hewlett Packard’s software business. [Press Release]
Ipswitch unveils new global HQ in Burlington
Ipswitch, a company that specializes in file transfer and network management software, is unveiling new global corporate headquarters in Burlington this week with a ribbon-cutting ceremony at the new location, 15 Wayside Road. The company is timing its new office celebration with the Wonderfund service project, which supports children placed in the Massachusetts Department of Children and Families care. [Wicked Local]
