CustomMade, SageCloud Raise Series Bs in Commerce, Storage
A busy morning for Series B tech financings already…
—Cambridge, MA-based CustomMade has pulled in $18 million led by new investor Atlas Venture and previous investor Google Ventures. That brings the company’s total raised to more than $24 million, by my count. CustomMade runs an online marketplace that connects consumers with regional makers of furniture, woodwork, jewelry, ceramics, and other crafts. The approach is part of a wave of Boston-area companies building the “anti-Amazon” in retail/commerce. (More details on the funding at Boston.com and Pando Daily.)
—Boston-based SageCloud has raised $10 million led by Braemar Energy Ventures. Matrix Partners also participated in the round. SageCloud is working on an energy-efficient way to do “cold storage”—storage of data that is written once and accessed infrequently—using commodity hardware and control software. That massive problem is jacking up the costs of data backup and archiving in the IT industry. SageCloud is led by Carbonite co-founder Jeff Flowers.
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