Fuze grabs $112m funding round


Fuze, the voice, video and collaboration startup formerly known as ThinkingPhones, has closed a $112 million financing round led by Summit Partners. The company has now raised a total of $200 million, and will use the latest capital to expand its global operations and continue to invest in innovation, focusing on simplifying enterprise communications. Existing backers Bessemer Venture Partners and Technology Crossover Ventures also participated in the round. “Fuze’s elegant, enterprise-class solutions are disrupting the traditional communications market with a very clear value proposition: a simplified, cloud-based platform that includes flexible video conferencing, group chat capabilities, and always-on collaboration tools,” said Bruce Evans, a Boston-based Managing Director at Summit Partners. “The market opportunity here is enormous, and we are thrilled to be working together with founders Steve Kokinos and Derek Yoo, the outstanding Fuze management team, and our co-investors.”

Digital Shadows, which offers organizations cyber situational awareness, has closed a Series B funding round worth $14 million. Trinity Ventures led the round, with participation coming from existing investors Storm Ventures, TenEleven Ventures and Passion Capital and new investor Paladin Capital Group. “Trinity Ventures and Paladin Capital Group are excellent additions to our roster of investors, and Fred Wang will be an invaluable partner as we continue to aggressively grow our business globally,” said Alastair Paterson, CEO and co-founder of Digital Shadows. “With so many security teams struggling to obtain the required relevant intelligence to better protect their organizations, we have seen increasing demand of Digital Shadows SearchLight. This round will help us accelerate both development and hiring of cybersecurity talent, so that we can continue to empower our clients to achieve cyber situational awareness.”

Trifacta, a data wrangling solutions provider, has raised $35 million in financing from existing investors Accel Partners, Greylock Partners, Ignition Partners and new backer Cathay Innovation. The company has now raised more than $76 million. “Trifacta has created the way organizations are unlocking the value of their diverse, complex data by empowering non-technical users to discover, cleanse and blend information themselves,” said Frank Artale, managing partner at Ignition Partners. “We’re excited about the tremendous momentum Trifacta has built today and are looking forward to accelerating that success in Europe and Asia with the help of Cathay Innovation.”