VirMedica has acquired TransEngen

Screen Shot 2015-02-19 at 4.57.36 PM
VirMedica has announced today that it has acquired TransEngen. VirMedica is a provider of technology solutions to optimize the commercialization of specialty pharmaceutical products. The $15 million financing behind the deal was led by Petra Capital Partners with participation from HealthQuest Capital. More details below:


PHILADELPHIA, Feb. 19, 2015 /PRNewswire/ — VirMedica, a leading provider of technology solutions designed to optimize the commercialization of specialty pharmaceutical products, announced today that VirMedica, Inc. (“VirMedica”) has acquired the assets of TransEngen, Inc. The $15 million dollar financing was led by Nashville-based Petra Capital Partners along with Menlo Park-based HealthQuest Capital. This transaction follows the acquisition by VirMedica of Tallahassee-based BioMed Intelligence in November, 2013. Following the financing, David Fitzgerald, Partner at Petra Capital Partners, Dr. Garheng Kong, MD, PhD, Managing Partner at HealthQuest Capital, David Golding, former President of CVS Specialty Pharmacy and Dean Erhardt, CEO at D2 Pharma Consulting have joined VirMedica’s Board of Directors.

TransEngen’s core technology platform, called TIER4, automates the benefits verification process for specialty products and is currently deployed by several of the world’s largest pharmaceutical companies.

“With this acquisition, VirMedica has acquired the industry’s clear leader in electronic benefits verifications,” stated Mark Barnes, Chairman and Chief Executive Officer of VirMedica. “The benefits verification process is a critical step in nearly all Patient Access Services Programs and is typically completed over a period of days by a manufacturer’s hub services company via phone, fax and manual workflows. By automating this process, we help patients get on therapy faster, improve customer service to providers and lower overall program support costs for manufacturers.”

Gregory Morris, TransEngen’s founder, believes VirMedica is an ideal partner given its complementary technology portfolio. “Currently, VirMedica offers a leading specialty pharmacy management solution that provides customized patient in-take, robust case management and pharmacy dispensing capabilities,” said Morris. “Strategically — by combing this with the TIER4 solution — we have created a game-changer for manufacturers seeking a single, integrated platform that can be customized to automate end-to-end HUB services performed internally or externally.” Morris will serve as VirMedica’s Chief Commercial Officer with responsibilities for revenue creation, marketing and product strategy.

By acquiring TransEngen’s TIER4 technology, VirMedica expands its customer reach to include contractual relationships with 5 of the top 10 pharmaceutical organizations worldwide. The company’s integrated offering, called TIER4 Enterprise, enables a true, end-to-end enterprise platform offering that will automate, connect and coordinate all stakeholder workflows necessary for getting (and keeping) a patient on therapy.

TransEngen’s current President and Chief Executive Officer sees immediate and tangible benefits for the company’s existing customer base. “I’m excited about our new services footprint as it expands our ability to help manufacturers achieve better business outcomes,” said Buck Rogers. “The combination of VirMedica’s financial positioning and technology assets allows us to deliver a broader, more integrated services offering.” In his new role with the company, Rogers will spearhead efforts to bring the two technology platforms together.

Petra Capital Partners believes VirMedica’s unique value proposition will deliver significant and rapid revenue growth. “By acquiring TransEngen’s TIER4 technology platform, VirMedica now offers the industry’s leading single-source solution that automates the benefits investigation process, enables dynamic, customized case management and provides the backbone for robust specialty pharmacy operations,” said David Fitzgerald, Partner.

“We believe that VirMedica’s technology and capabilities will streamline the benefits process, decreasing the labor and time required for patients to receive prescribed therapeutics,” said Garheng Kong, of HealthQuest. “VirMedica’s offering will drive costs out of the benefits administration process, while ultimately offering better service to providers and patients.”

For more information about VirMedica, please visit

About VirMedica

VirMedica is an innovative holding company bringing together complimentary businesses for the specific purpose of redefining the market access landscape for specialty pharmaceutical products.

About HealthQuest Capital

HealthQuest Capital makes go-to-market and early growth investments in innovative healthcare companies that are improving both patient outcomes and healthcare economics. Investments focus on the medical device, diagnostics, patient care products, consumer health/OTC and healthcare IT fields. The HealthQuest investing team includes deep operational, clinical and scientific expertise and worldwide relationships throughout the healthcare industry that can be leveraged to add value to portfolio companies. HealthQuest Capital is headquartered in Menlo Park, CA with offices in Southern CA, Florida, and Georgia.

About Petra Capital Partners

Petra Capital Partners, LLC is a private equity firm based in Nashville, Tennessee. Licensed as a Small Business Investment Company, Petra provides capital to high growth companies for expansion, acquisition, buyout, refinancing or recapitalization in partnership with management teams. The fund targets business services, healthcare and information technology services companies.

Business application platform company K2 raises over $100 million in funding

K2 has received over $100 million in funding from Francisco Partners. Based in Bellevue, Washington, K2 is an industry leader in business application platforms. More details below:


SEATTLE, WA–(Marketwired – Feb 18, 2015) – K2, an industry leader in business application platforms and solutions, today announced it has agreed to accept a strategic investment from Francisco Partners, a leading global private equity firm focused on the technology sector, to support investment in K2’s go-to-market initiatives and product innovation. The funding will enable K2 to further its vision of empowering its customers to optimize their business processes and seamlessly build and run their own unique business applications on premises and in the cloud. The transaction is expected to close during the first quarter of 2015.

“This investment marks a significant milestone for K2 and is a validation of our success and growth as we enter the era of Build Your Own Applications (BYOA),” said Adriaan van Wyk, co-founder and CEO of K2. “BYOA is led by a new generation of end users who are increasingly self-sufficient and entrepreneurial around the technologies they use to solve business problems. We are pleased to have Francisco Partners on our team to help us fully capitalize on the significant opportunity for K2 in a BYOA world.”

Headquartered in Bellevue, Washington, K2 was founded by CEO Adriaan van Wyk and SVP of Product Development Olaf Wagner and today supports over one and a half million users across 1,400 customers in 80 countries. K2’s growing customer list includes Fortune 500 companies Shell, Kimberly Clark, PPG, and Microsoft. K2 was recently named by Puget Sound Business Journal as one of the top cloud computing companies in 2015.

“K2 has solidly positioned itself as an innovator in providing market leading low-code/no-code solutions for rapid development and deployment of business applications across all devices,” said Brian Decker, Principal at Francisco Partners. “We are thrilled to be working with the K2 team to extend this leadership position and expand their roster of happy customers.”

“The proliferation of mobile devices and rise of cloud applications has raised the bar for IT departments globally. K2 is helping leading enterprises worldwide rise to this challenge by enabling seamless application development,” said David Golob, Partner at Francisco Partners. “Adriaan and the K2 management team have innovated relentlessly, and we look forward to partnering with them in the next phase of the Company’s growth.”

Jefferies LLC is serving as exclusive financial advisor to K2 in connection with the transaction, and Sheppard, Mullin, Richter & Hampton LLP is serving as legal advisor.

For more information, please visit

InDinero raises $7 million in funding

Screen Shot 2015-02-19 at 4.34.35 PM
InDinero has announced that it has raised $7 million in a new round of funding. The investors in this round include Coyote Ridge Ventures, SaaS Capital, and Streamlined Ventures. InDinero has announced a relaunch of its all-in-one accounting and tax service for small business. InDineo is a leading financial software with services (SwS) solution for small businesses to automate accounting, tax, and payroll activities.


SAN FRANCISCO, Feb. 18, 2015 /PRNewswire-iReach/ — inDinero today announces its re-launch as the premiere all-in-one accounting and tax service for small business. Backed by $7M in new capital and $10M overall from 50+ different angel investors and small funds, inDinero can now replace all three back office disciplines (accounting, tax and payroll) for one flat fee. Co-founders Jessica Mah and Andy Su remain the only official board members as no board seats or observer rights were given out. Notable investors in this round include Kevin Hartz, Bobby Yazdani, Hank Vigil, Fritz Lanman, Coyote Ridge Ventures, SaaS Capital, Streamlined Ventures, among many others.

inDinero’s re-launch just says “No” to the old SaaS scalability model by providing customers with the brightest minds in accounting to walk them through all of their financial needs. Running at near break-even, inDinero is padding their bank account with the new funds as they plan to double headcount and office locations over the next 18 months. Focusing primarily on customers with 2-100 employees, inDinero is making it easier for small business to grow faster.

“Now we’re a pain killer for any small business that wants to focus on themselves instead of having to build out their own accounting staff,” said Jessica Mah, CEO at inDinero. “The for businesses idea was horrible, and now we are doing so much more by actually doing the accounting and taxes. A business no longer needs to hire a bookkeeper and tax person anymore; inDinero just takes care of it all.”

Unconventional and Innovative

With $10M now in total funding, inDinero has been gathering and managing various waves of cash since 2010 and last year even turned away many larger offers from VCs. inDinero’s pioneering concept of “pseudo bootstrapping” allows it to remain independent while prioritizing revenue and profits and to only accept appropriate levels of funding. “We are a 30 year old company in the making,” said Mah.

“There’s no reason for us to take on more capital than necessary and at what cost?” In addition to its funding methodology, inDinero’s innovative SwS approach is making a huge impact on the startup world. Now a growing business can hold off on hiring an in-house controller well into the 100th employee mark. inDinero also makes sure its developers work right along side of its own tax, accounting and payroll experts so that real time best practices reach customers seamlessly.

“As a rapidly growing business, we face a lot of challenges and having inDinero’s support and good humor has been indispensable,” stated Kate Bertash, operations services manager at Move Loot. “Now we enter a new phase of our company after raising our Series A and we are definitely more prepared going into it with inDinero’s help.”

Covet Thy Customer

Back in 2010 it was hot and seemingly lucrative to be every businesses’ sexy little financial dashboard. But at $20 per month, it became clear that doing so little for so many was not going to be a sustainable and growing business model. inDinero customers were even begging for more services stating that if you are already keeping track of my money, you might as well file my taxes and do my payroll while you are at it; oh, and charge me more for it all. However, inDinero could not just become a more user-friendly version of Intuit. Instead, inDinero began hiring the best and brightest minds in the accounting world to help customers in need and take great care of them as if they were their own dedicated accountants. Now inDinero charges customers between a few hundred to several thousands of dollars per month and customers are glad to make the change. Finally, inDinero realized they are the ideal solution for the growing startup company. By clearly identifying their target customer, inDinero is helping growing startups to grow even faster.

“inDinero solved a huge problem for us and saved me hundreds of hours of work and worry,” stated Brian Bosche’, CEO and co-founder at TernPro. “I don’t know what I would have done without inDinero, and I hope more businesses like theirs can make it easier for startups to focus on building products and customers versus worrying about accounting, payroll and taxes.”

About inDinero

inDinero is the leading financial software with services (SwS) solution for small businesses to automate accounting, tax and payroll activities for a flat fee. inDinero has over 80 employees with offices in San Francisco, Portland, and Manila. For more information go to or call 855-463-4637.

Patient safety solutions company TraceLink raises $20 million

Screen Shot 2015-02-19 at 4.03.15 PM

TraceLink is a Wakefield, Masschusetts based patient safety solutions company that has raised $20 million in funding. Volition Capital led this round of funding with participation from Fidelity Biosciences and FirstMark Capital. More details below:


February 18, 2015

TraceLink Inc., the leader in protecting patient safety and enabling health for global Life Sciences, today announced that it has raised $20 million in new venture funding led by Volition Capital, including participation from Fidelity Biosciences and existing TraceLink investor, FirstMark Capital. With more than 120 countries currently reporting counterfeit drugs in the pharmaceutical supply chain, the Life Sciences industry is facing a global transition, where a wide range of new and emerging regulatory laws will protect more than 75% of global medicines by 2018. As Life Sciences companies work to transform their supply chains, the TraceLink Life Sciences Cloud has quickly become the industry-leading platform that drug manufacturers, distributors, repackagers and dispensers rely on to exchange required compliance information and deliver safe medicines to patients everywhere.

“TraceLink is the clear category leader of track and trace software for the Life Sciences industry, and in just a short time, the company’s Life Sciences Cloud platform has become the trusted solution for more than 100 pharma companies, ranging from the world’s largest pharmaceutical manufacturers to small, independent pharmacies,” said Sean Cantwell, partner at Volition Capital. “What sets TraceLink apart is the unique approach it has taken to efficiently build a network infrastructure on which the entire pharmaceutical supply chain can connect, collaborate and exchange information in the face of new and complex laws. This differentiated approach positions TraceLink to win global market share faster than anyone else in this sector, and we’re excited to help the company drive its plans for future growth and expansion.”

Jon Lim, partner at Fidelity Biosciences, stated, “We are excited about TraceLink and the opportunity to partner with Shabbir and his team, Volition, and FirstMark. With investments in a broad portfolio of Life Sciences companies, we understand the intricate complexities of the pharmaceutical market and global supply and demand. TraceLink’s platform for networking the entire industry supports key solutions that are essential to the success of the pharmaceutical value chain.”

“Our recent success has been driven largely by the US Drug Supply Chain Security Act (DSCSA)—but the Life Sciences industry is facing a global transformation,” said Shabbir Dahod, president and CEO of TraceLink. “We will use this new funding to further invest in product development to support the growing volume of country-specific regulations on our Life Sciences Cloud platform—and to increase our sales, services and marketing presence across North America, Latin America, EMEA (Europe, Africa and Middle East), and Asia Pacific. Volition Capital and Fidelity Biosciences share our vision for capitalizing on this global market opportunity and accelerating TraceLink’s international growth strategy.”

Lawrence D. Lenihan, founder and managing director, FirstMark Capital, commented, “Since its founding in 2009, TraceLink has channeled its deep domain expertise in regulatory legislation, complex customer operational models, and disruptive cloud-based technology to develop the world’s only open network platform for the pharmaceutical supply chain. We’re pleased to support the company’s next phase of growth as Shabbir, and the entire TraceLink team, transform the Life Sciences industry and become a global track and trace brand giant.”

The $20 million in new financing follows a year of record-breaking accomplishments for TraceLink, including:

Exceeding 100 signed customers, which now include 15 of the top-20 global pharma companies;

Achieving year-over-year revenue growth of 137% for 2014, and a two-year revenue CAGR of 91%;

Establishing a supply chain network of more than 80,000 manufacturers, distributors, repackagers, pharmacies and medical practitioners;

Successful tracking of more than 100 million products moving through the US pharmaceutical supply chain; and,

Ensuring compliance for medicines that generate more than $155 billion in US annual revenue.

To learn more about meeting global pharmaceutical compliance deadlines designed to combat drug counterfeiting, and how to build a flexible global serialization, track and trace, and reporting platform for Brazil, China and other countries, visit

Coffee Meets Bagel raises $7.8 million

Screen Shot 2015-02-19 at 3.59.54 PM

Coffee Meets Bagel is a dating app that has raised $7.8 million in Series A funding. DCM Ventures led this round of funding with participation from Quest Ventures, Azure Capital, Lightbank, WI Harper Group and Venture Lounge. More details below:


SAN FRANCISCO, Feb. 18, 2015 /PRNewswire/ — Coffee Meets Bagel, the social dating app that promises one quality match a day, announced today that it has closed $7.8 million in Series A funding to accelerate its already impressive growth, further expand to new geographies and significantly grow the team. The investment was led by existing investor DCM Ventures with participation from Quest Ventures and Azure Capital. Previous investors include Lightbank, founder Peng T. Ong, WI Harper Group and Venture Lounge. As part of the financing, Osuke Honda will join Coffee Meets Bagel’s board of directors.

Founded by three sisters in their 20s, Coffee Meets Bagel differentiates itself from other dating apps with quality over quantity. Members receive one match per day or “Bagel,” carefully curated by Coffee Meets Bagel’s proprietary algorithm. Users have 24 hours to respond with a LIKE or a PASS. A mutual LIKE by two members leads to a private chat line that expires in seven days.

“This focus on quality and safety is what draws a lot of women to Coffee Meets Bagel,” says Arum Kang, CEO and co-founder. “The online dating industry has always had difficulty attracting and retaining women. The typical gender ratio in a given dating app is 65 to 35 – men to women. The key to winning this market and expanding the size of the pie is winning over women and we have figured that out at Coffee Meets Bagel.”

The financing comes on the heels of the company’s much anticipated Android app release. Then, shortly afterwards, the founding team appeared on Shark Tank only to turn down Mark Cuban’s $30 million acquisition offer. This was the largest offer ever for a company on Shark Tank. Coffee Meets Bagel also recently announced new insight integration with Jawbone UP, where Coffee Meets Bagel provides the single members of Jawbone UP community with fun insights and tips on fitness and dating.

“We are incredibly excited to lead this round of financing and believe that Coffee Meets Bagel is a definitive leader in this space,” said Osuke Honda, General Partner at DCM Ventures. “Mobile is rapidly changing the way people meet, interact, and date. Coffee Meets Bagel has created a differentiated product with outstanding brand recognition and the team has done an incredible job of designing a high quality user experience.”

About Coffee Meets Bagel

Coffee Meets Bagel is the only dating service that women love to use! Every day at noon, we curate one best match who is a friend of a friend. Members have 24 hours to review their profile information and choose to LIKE or PASS on the match. Mutual LIKE leads to a private chat line that expires in 7 days. It’s designed for busy singles who want to find real relationships with little or no effort. Visit for more info.

Sindeo raises $5 million in Series A funding

Sindeo logo
Sindeo is a San Francisco, California based mortgage marketplace company that has raised $5 million in Series A funding. The lead investor in this round is Renren. More details below:


SAN FRANCISCO–(BUSINESS WIRE)–Sindeo, a modern mortgage marketplace, today announced it has raised $6.5 million in funding through a $5 million Series A round, which follows an earlier $1.5 million Seed round. Sindeo will use the funds to provide consumers with the proper guidance, information and tools to find the right mortgage and lender through its mortgage marketplace and fuel its expansion to major markets in the United States.

The company’s funding is led by Renren, the largest real name social networking site in China, with James Liu, Co-Founder and COO of Renren, joining the Sindeo Board of Directors. Liu is a pioneer of the Chinese Internet industry, including being Co-Founder and CEO of, one of the earliest social networking service websites in China, which Renren acquired in 2005.

Renren is also an investor in SoFi, a lending marketplace and the largest provider of student loan refinancing. Renren’s investment in Sindeo, like SoFi, is due to its interest in FinTech marketplaces that leverage technology to scale. Due to such significant funding and support, Sindeo is advancing its suite of social mortgage tools and technology in the second half of 2015.

“Sindeo is one of the most promising players in the financial technology space because it has amassed a highly talented team to propel the growth and innovation of its cutting-edge mortgage marketplace,” said Liu. “We have seen firsthand the power of leveraging technology to transform financial services and are looking forward to working with the Sindeo team to redefine the mortgage industry.”

Arkadi Kuhlmann, an entrepreneur and a category disruptor by nature, joins Renren as an investor in Sindeo. Before his current role as Founder and CEO of ZenBanx, Kuhlmann was Founder and CEO of ING Direct, the largest direct bank in the United States. Kuhlmann has built a career on transforming financial services through new business models, and Sindeo is no exception.

“I am pleased to support Nick and his team’s mission to empower consumers with the right information and technology to make financing a home as transparent and easy as possible,” said Kuhlmann. “Sindeo is raising the bar for mortgage lending, giving consumers a new level of choice and service, and this funding will speed up the expansion of its mortgage model to markets outside of California.”

Liu joins Kuhlmann on Sindeo’s Board of Directors and both work in conjunction with the executive team to expand Sindeo’s imprint on the mortgage industry.

“As the investors leading our Series A, Kuhlmann and Renren represent an important endorsement of our business model and our mission to provide consumers with a new and simple way to get a mortgage,” said Sindeo’s Founder and CEO, Nick Stamos. “We’re dedicated to maintaining our growth and transforming the mortgage industry by harnessing impressive technology and providing consumers peace of mind when financing their home.”

Since the company’s founding in 2013, Sindeo has grown its San Francisco operations to more than 40 employees. Stamos, along with Co-Founder Ori Zohar, started the company to revolutionize the way people plan, shop and secure a mortgage. The company can close loans in as few as 15 days with consumers able to save more than $20,000 over the life of their loan.

About Sindeo

Sindeo’s modern mortgage marketplace provides borrowers with expert, unbiased advice and helps them find the Right Loan at the Right Time. Charting a new path for the mortgage industry, Sindeo uses technology to streamline the mortgage process, connect people with the right lenders and provide unparalleled guidance from its full-service, local mortgage advisors. Sindeo is headquartered in San Francisco and privately held. For more information, visit

BlueTalon raises $5 million

BlueTalon Logo

BlueTalon is a provider of unmatched data entitlement solutions for Hadoop that has raised $5 million in funding. Investors in this round include Signia Venture Partners, Biosys Capital, Bloomberg Beta, Stanford-StartX Fund, Divergent Ventures, Berggruen Holdings and Data Collective. More details below:


SAN JOSE, Calif.—February 18, 2015—BlueTalon, provider of unmatched data entitlement solutions for Hadoop, today announced the BlueTalon Policy Engine. The technology ushers in a new era of truly secure Hadoop clusters by enforcing granular data-centric access policies across the entire organization and for entire clusters. BlueTalon also announced $5 million in follow-on venture capital funding. Signia Venture Partners, Biosys Capital, Bloomberg Beta, Stanford-StartX Fund, Divergent Ventures, and Berggruen Holdings joined existing investor Data Collective, which also participated in the financing.

BlueTalon is announcing both its ground-breaking new product and its new funding today at Strata + Hadoop World, where BlueTalon has been selected in a competitive process as one of the dozen most game-changing big data startups that will be honored through the conference’s Startup Showcase. Strata + Hadoop World takes place February 17-20 at the San Jose Convention Center in San Jose, CA. BlueTalon is also exhibiting at Strata + Hadoop World in the Innovator’s Pavilion, booth P9.

In today’s data-driven economy, Hadoop is increasingly being implemented as the data processing solution of choice. Forrester coined the term “Hadooponomics” to reflect Hadoop’s power at linearly scaling both data storage and data processing. However, despite Hadoop’s dramatic cost savings, flexibility and scalability, true enterprise-scale adoption has been hindered by Hadoop’s paucity of data entitlement, data security and regulatory compliance solutions. Until now.

The BlueTalon Policy Engine empowers enterprises with fine-grained data access control and provisioning. Compared to current coarse-grained data access approaches that either blindly permit full data access or crudely block access entirely, BlueTalon allows for real-time authorization on a row, column and cell level – at run-time for each query. BlueTalon’s unique capabilities are ideally suited for any organization in which different people or departments have different authorizations to view the same data sets, including almost every global company in a regulated industry. For example, a stockbroker might be able to see sensitive data for his or her clients, but not for clients of another broker. Or the accounting department might be able to view financial information in customer records, while marketing can use – but not see – purchase information to figure out how to better target new customers.

“The value and growth of Hadoop is being driven by its economies of scale, but it now requires enterprise-scale entitlement and fine-grained access security to maintain this growth, extend its value and deliver on its potential,” said Eric Tilenius, CEO of BlueTalon. “BlueTalon’s Policy Engine is the missing link for delivering enterprise Hadoop in production environments for even the most sensitive data. The launch of this breakthrough technology, funding from a who’s who of investors, and the recognition at Strata + Hadoop World as a company to watch, are all major milestones for our company and the Hadoop market.”

The BlueTalon Policy Engine integrates with existing enterprise infrastructures to:

Safeguard data by managing secure data access across different Hadoop access methods. BlueTalon has been built to consistently apply business policy across multiple Enforcement Points, enabling the Policy Engine to protect a wide range of access methods including Hive, Impala, JDBC, ODBC, and – coming at the end of Q2 – HDFS enforcement for bullet-proof Hadoop cluster protection.

Provision data access by enabling role and purpose-based data access policies to be customized and managed from a single, easy-to-use graphical user interface.

Enforce data access rules in real-time to ensure operational security as well as regulatory compliance. In addition, BlueTalon is the only Hadoop security and policy enforcement system to provide on-the-fly masking of sensitive data.

Audit data access to ensure both compliance and security. BlueTalon provides full visibility of both successful and denied data access, enabling suspicious patterns to be quickly spotted before significant data leakage occurs.

“The transition of enterprise data from proprietary and expensive databases to Hadoop clusters is inevitable and already happening at a rapid pace,” said Ed Cluss, managing director at Signia Venture Partners. “We invested in BlueTalon because no other company can ignite the Hadoop marketplace with an ideal data access control solution that makes Hadoop clusters as secure as any enterprise data warehouse on the market.”

“BlueTalon eliminates a major roadblock in the Hadoop ecosystem by making enterprise data on Hadoop as safe – or safer – than that in traditional data warehouses. BlueTalon’s performance, capabilities, and scalability are exceptional,” said Matt Ocko, Managing Partner at Data Collective. “We believe that BlueTalon is the key to unlock widespread Hadoop adoption in giant but regulated global industries such as finance and healthcare, and we are excited to help Eric and his team capitalize on this enormous opportunity.”

More information on the BlueTalon Policy Engine is available at

About BlueTalon

BlueTalon, Inc. delivers unmatched data entitlement solutions for Hadoop. The BlueTalon Policy Engine delivers enterprise-grade data access and security through fine-grained data access control and provisioning that integrates with existing enterprise infrastructures across different data stores. Based in Redwood City, CA, BlueTalon is backed by top tier investors including Data Collective and Signia Venture Partners. Follow BlueTalon at @bluetaloninc or visit

Springpath raises $34 million

Springpath Logo
Springpath is a provider of enterprise-grade and data management software that has raised $34 million from Sequoia Capital, New Enterprise Associates and Redpoint Ventures. Springpath also recently launched an enterprise-grade data platform software application called the Springpath Data Platform. More details below:


SUNNYVALE, Calif., Feb. 18, 2015 – Springpath today launched the company and its Springpath Data Platform, an enterprise-grade data platform software that enables standard servers hosting applications to reliably store, manage and protect data. Available on a low-cost annual subscription basis, the platform brings public-cloud economics and maximum simplicity to enterprise data centers.

“Today’s data centers are forced to choose inflexible and expensive silos of dedicated appliances, converged systems and arrays to meet their data storage needs,” said Mallik Mahalingam, CEO, CTO and cofounder of Springpath. “Modern data centers require a versatile and elastic data platform software that runs on a common hardware infrastructure based on standard servers and supports the data management needs of virtualized, containerized, big data and other emerging environments.”

VMware alumni and Springpath co-founders Mallik Mahalingam and Krishna Yadappanavar have a proven track record of pioneering technology including VXLAN, the basis for today’s Software-Defined-Networking (SDN), and VMFS, the most-widely deployed file system in VMware environments. Operating in stealth since May 2012, the seasoned Springpath team has captured the attention of leading venture capitalists, securing $34 million from investors Sequoia Capital, New Enterprise Associates (NEA), and Redpoint Ventures.

“Springpath Data Platform is based on Springpath’s patent pending Hardware Agnostic Log-structured Objects (HALO) architecture, which was engineered from the ground up to deliver superior data services, storage efficiency, high performance and scalability without caveats,” said Yadappanavar.

Springpath Data Platform for VMware vSphere has been in beta for over a year, and became generally available in January 2015 on a subscription basis for as low as $4,000 per server per year end-user pricing. The platform is supported on server models from Cisco, Dell, HP and Supermicro. It is currently deployed in close to two dozen customers for a wide variety of use cases.

“With Springpath’s Data Platform software we are able to rapidly provision high-performance virtual machines that meet the demanding needs of our users and help accelerate the time-to-market for our products,” said Scott Anderson, IT director at Sigma Designs. “As software running on our choice of servers, Springpath provides maximum simplicity through its seamless integration with VMware. This simplicity, combined with the cloud-like subscription pricing, dramatically lowers the total cost of ownership for our virtual infrastructure to levels we have never seen before.”

Empowering Independent Infrastructure

Springpath dubs its unique approach “Independent Infrastructure,” where applications are delivered to business users and supported a common server-based infrastructure that feeds data to increasingly transient applications.

“The datacenter’s move to a server-based ecosystem is well on its way, and Springpath’s software platform enables enterprises to support their diverse application environments utilizing standard servers and appears to fit well into this macro trend,” said Patrick Moorhead, founder, president and principal analyst at Moor Insights & Strategy. “We were impressed with their solution’s ability to deliver the value of enterprise features and performance on a variety of top brand servers, offering enterprises choices without compromising on their expectations.”

To expand its reach, Springpath also announced a distribution agreement with Tech Data. Through this agreement, solution providers will have access to servers pre-loaded with Springpath software, enabling a fast and smooth deployment experience.

About Springpath

Founded in 2012 by VMware veterans, Springpath is the pioneer of an enterprise-grade storage and data management software that provides reliable and scalable storage services and runs on a variety of standard servers. Available on an annual subscription basis and powered by Springpath’s patent pending Hardware Agnostic Log-structured Objects (HALO) architecture, the Flash-optimized platform delivers high performance, rapid provisioning and fine-grained scale-out, with unparalleled storage efficiency—empowering enterprises to innovate on a server-based Independent Infrastructure. This can be deployed as a hyperconvergence solution, as well as in non-hypervisor environments like containers and physical servers. For more information, visit or follow us on Twitter @SpringpathInc.