Deals Inked for Basho, Innocentive
Boston’s big data cluster recently got some attention at the MassTLC Innovation UnConference, and Basho Technologies, one of the companies in the space, followed up this week with a funding announcement. Check out that news and another IT financing below.
—Basho, a Cambridge, MA-based developer of data storage and management software, announced it had pulled in $5 million in new funding from existing equity investors. The money will go toward accelerate engineering and market development’s of Basho’s database product. In June, the company announced it had closed a $7.5 million financing and had hired new CEO Don Rippert. Check out this profile for a closer look at the types of markets and customers Basho is targeting.
—Innocentive, a Waltham, MA-based company started by Eli Lilly in 2001, has bumped a recent round of equity financing up to $5.1 million out of a potential $7.5 million. The money comes from 84 investors, an SEC filing shows. Innocentive, now an independent company, offers technology enabling organizations and its employees to collaborate on problem solving in processes like product research and development.