Boston Roundup: Affirmed Networks, BitSight, Mobiquity, Spark Capital

6/5/13Follow @curtwoodward

It’s suddenly a busy week for fundraising news around the Boston-area innovation scene, and it’s only half over:

Affirmed Networks, an Acton, MA-based startup that sells software for improving wireless networks, has raised $51 million in Series C financing. The investment was led by Bessemer Venture Partners, and included KCK Group and the company’s previous investors. Affirmed was founded in 2010 and is led by CEO Hassan Ahmed.

BitSight Technologies has raised $24 million to develop its first commercial product. The startup, based in Cambridge, MA, is developing data analytics software aimed at helping companies identify IT security threats. The Series A investment was provided by Globespan Capital Partners, Menlo Ventures, Flybridge Capital Partners, and Commonwealth Capital Ventures.

—Boston-based Mobiquity, which makes mobile apps for business clients, has raised a $12 million Series B financing round. The investment was led by a unit of NewSpring Capital, a private equity investor. Previous investors at Sigma Partners and Longworth Venture Partners also participated in the investment. Mobiquity says the money will help it expand and develop products. Mobiquity’s customer roster has included CVS, MetLife, and Fidelity Investments.

Spark Capital, the Boston VC firm that recently raised a new $450 million fund, is investing in gesture control startup Thalmic Labs. The $14.5 million Series A investment, led by Spark and Intel Capital, will help fuel Ontario-based Thalmic’s general growth and product development, the company said in a release. Thalmic is currently making the Myo, an armband that senses muscle movements, allowing a user to control software by waving and twisting their arm in the air. Spark’s Nabeel Hyatt joins the company’s board as part of the investment.

Curt Woodward is a senior editor for Xconomy based in Boston. Email: cwoodward@xconomy.com Follow @curtwoodward

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