Zagster raises $15 million to expand dockless bike sharing across U.S.
Cambridge-based bike-sharing service Zagster raised a fresh $15 million in funding this week, which it plans on using to become a household name in hundreds of cities and college campuses across the U.S. Led by Edison Capital Partners, the round will be used to accelerate the nationwide rollout of the company’s new dockless bike sharing service, Pace, and to continue iterating on the dockless platform, said Jon Terbush, communications manager at Zagster. Currently, Pace operates in Tallahassee, Fla., and Knoxville, Tenn. [Built In Boston]
Bynder acquires Webdam for over $49 million
Bynder, a marketing tech company founded in 2013, acquired Webdam, formerly a Shutterstock company for $49.1 million last week. With this acquisition, Bynder hopes to ramp up its offerings to marketing and creative teams, which include its cloud-based solutions for managing, distributing and collaborating on digital content. This acquisition comes a year and a half after Bynder’s $22 million Series A funding led by New York City-based Insight Venture Partners. Currently, more than 250,000 marketers and creatives from over 450 brands such as PUMA, Groupon and Spotify use Bynder to organize their company files and edit projects in real time. [Press Release]
Dover Microsystems secures $6 million in seed funding for security hardware
Calling itself, “the first company to bring real security to silicon,” Dover Microsystems offers a hardware product called CoreGuard, which empowers processors to defend themselves in real-time from security, safety and privacy risks. The company raised $6 million in seed financing led by Hyperplane Venture Capital this week to help Dover ramp up engineering and product development plans, as well as create more marketing and sales roles. These positions will provide support for critical industries like automotive, medical, energy, point of sale and connected home. [Built In Boston]
Marketing tech company Mautic welcomes new VP of Engineering
Mautic, a Boston-based company that offers a marketing automation cloud platform, brought on a new vice president of engineering this week. Melissa Leffler has joined the company to grow their global tech team in Boston and Prague, bringing years of engineering leadership experience from local companies like Carbon Black and Objective Logistics. Mautic made the hire to support its rapid growth, evidenced by its tripling of quarter-over-quarter sales in 2017. [Mautic]
Google buys Xively IoT platform from LogMeIn for $50 million
Google added an IoT platform to its product suite last week, purchasing Xively from LogMeIn for $50 million. This acquisition will aid Google Cloud's effort to offer customers a fully managed IoT service that effectively (and securely) connects and manages data from globally dispersed devices. In a blog post, Google stated, “Our customers will benefit from Xively’s extensive feature set and flexible device management platform, paired with the security and scale of Google Cloud. With Google Cloud’s deep leadership in data analytics and machine learning, our customers will also be uniquely positioned to build turnkey IoT solutions and focus on business value creation.” [Google Blog Post]
