Veracode raises $40 million
MA based Veracode has raised $40 million in a late stage funding round. The funding round for the software security company was led by Wellington Management with participation from existing investors including .406 Ventures and Atlas Venture. Veracode provides cloud-based app intelligence and security verification services to help developers protect their apps from security threats. Founded in 2006, Veracode has raised nearly $115 million to date and will use the latest funding to prep for an IPO as early as next year.
FieldAware raises $24 million
FieldAware, a field service management startup based in Dublin, has raised $24 million in a new funding. FieldAware, which provides service automation, software-as-a-service solutions, announced the new funds Wednesday. The funding was led by Summit Bridge Capital with participation from Silicon Valley Bank along with previous investors OpenView Venture Partners, Atlantic Bridge, and Oyster Capital Partners. Founded in 2009, FieldAware has raised over $35 million to date and will use the new cash to expand operations.
AltspaceVR raises $5.2 million
Social platform for virtual reality AltspaceVR, has raised $5.2 million in seed funding from a list of investors including Formation 8, Google Ventures, Dolby Family Ventures, Lux Capital, Foundation Capital, SV Angel, and Tencent. AltspaceVR is creating a platform to let users connect in virtual spaces around anything on the web, also providing an API to help developers write simple code to create virtual reality experiences. Founded last year and based in Redwood City, AltspaceVR will use the funding to continue development and build out its team.