Home WiFi system creator eero has secured a $50 million investment round led by Menlo Ventures. Index Ventures was another significant investor, and joined previous backers First Round Capital, Shasta Ventures, Redpoint Ventures, Playground Global and others in the round. To date, eero has now raised more than $90 million. The company will use the funds to expand its distribution and grow its team. The company’s home WiFi offering will be launched in over 500 Best Buy stores in the U.S. this summer. “Since we started shipping eero systems to customers earlier this year, we have been building on our momentum, scaling our infrastructure, and improving our software so we can support our growing customer base,” said Nick Weaver, eero founder and chief executive officer. “With this round of funding from leading investors, eero is well-positioned to provide a strong foundation for the connected home on an even larger scale.”
Money transferring website Transferwise has raised $26 million in funding. Baillie Gifford led the investment, with participation from existing investors, which include the likes of Andreessen Horowitz, Valar Ventures and Richard Branson. The latest funding values Transferwise at $1.1 billion. The company has now raised $117 million since its launch in 2011.
Apixio, a data science company for healthcare, has raised a $19.3 million Series D funding round led by SSM Partners, with participation from First Analysis, Bain Capital Ventures and the company’s largest angel investor. Apixio will use the funds to develop and scale its products powered by its cognitive computing platform. “At SSM Partners we have more than two decades of experience working with high-growth companies in healthcare. We immediately recognized Apixio’s value proposition and their strong management team, which together form the bedrock for success,” said Casey West, managing partner at SSM Partners. “As the healthcare industry accelerates toward a pay-for-value world, we’ve seen organizations become increasingly eager to deploy Apixio-like technologies that enhance healthcare quality. Apixio is well-positioned to meet this demand and improve care with its cognitive computing platform.”
Enterprise software company Seismic has secured a $40 million investment round led by General Atlantic. “Seismic’s innovative enterprise technology platform offers customized content creation and analytics capabilities for the marketing and sales teams of our global clients. Our platform eliminates the 30 hours per month the average sales representative spends searching for and creating marketing collateral,” said Doug Winter, Chief Executive Officer of Seismic.