Data research firm Lead411 has released its list of the 62 fastest growing companies in Boston, which it distilled from an initial list of over 1,776 firms. To be considered for the list a company has to satisfy the following criteria:
How the Winners were Chosen
First, all companies must be in either the Software, Wireless, Internet, Hardware, or Media industry and be a privately held organization, and be within Boston, Massachusetts. From there, each company must meet one or more of the following requirements;
- ** 100% increase in revenues over the past 2 years; OR
- ** Over $2M in funding in the past 2 years;
For more on the Santa Barbara-based firm’s methodology, check out its original post. We don’t fully endorse this list, but it does include a lot of the regulars we cover here at BostInno.
Who’s missing that absolutely needs to be on anyone’s list of the fastest growing companies in Boston? Let us know in the comments.
| Abine, inc. | Abine, Inc., the online privacy company, provides Internet privacy solutions for consumers. Abine’s products and services allow regular people to regain control over their personal information while continuing to browse, interact and shop online. One of the company’s first offerings is the Abine Privacy Suite software, a browser add-on that flushes intrusive cookies, shields contact information and separates online identities. The company has raised $5.2M in venture money led by General Catalyst in July of 2011. | |
| Gather Inc | Gather is the leading demand-driven media company. We create the secondary news cycle, where people gather around the day’s hottest stories. People want to talk about what’s happening and Gather’s original, hyper-current content offers many perspectives on trending topics. Gather is a privately held, privately funded company headquartered in Boston, Massachusetts. Gather got a hold of $2.40M in funding led by Allen & Co in November of 2010. | |
| Zmags | Zmags helps thousands of the world’s most progressive global retailers and brands design brilliant and consistent marketing and merchandising campaigns across social, mobile, tablet, and e-commerce platforms, driving product discovery and inspiring purchases. Using the Zmags on-demand rich media merchandising platform, leading brands have measurably and dramatically increased customer engagement, conversion rates, order size and brand loyalty without the burden of IT constraints. Zmags got a hold of $7M in financing from Square 1 Bank in January of 2012. | |
| Modo Labs | Modo Labs offers mobile solutions and support services to help universities and enterprises take advantage of the fast growing Kurogo Open Source Mobile Platform. Our technology integrates with and transforms data and content from any source, and presents it on any mobile device. The company’s core offering, Kurogo Mobile Optimized Middleware™, is an open source development platform designed for clean integration, exceptional platform-specific user experience and a high degree of customizability. Modo Labs got a hold of $4M in funding led by Storm Ventures in November of 2011. | |
| Objective Logistics | Objective Logistics is gamifying the workplace. We are a retail/restaurant-focused software company that provides an artificially-intelligent, web-accessible labor management platform (MUSE) scientifically proven to increase sales and save managers countless hours of precious time. MUSE introduces a competitive environment that compels staff to self-motivate and actively upsell while achieving high customer service ratings. Objective Logistics received $5.1M in financing led by Atlas Venture in December of 2011. | |
| FirstFuel Software, Inc | FirstFuel Software is the energy intelligence company that helps utilities engage their commercial customers and deliver energy efficiency across commercial building portfolios. The FirstFuel Rapid Building Assessment platform uses advanced analytics to remotely benchmark building energy performance, creating rich energy profiles that eliminate the need for costly and inconsistent on-site energy assessments. The company got a hold of $10M in financing from RockPort Capital in February of 2012. | |
| Neolane | Neolane provides the only conversational marketing technology that empowers organizations to build and sustain one-to-one lifetime dialogues, dramatically increasing revenue and marketing efficiency. Born digital, with best-in-class email and inbound-outbound channel fusion capabilities architected into a single code-based platform, marketers achieve results in record time. Neolane is easy to use for both power and casual users, but powerful enough to drive the most sophisticated marketing strategies. The company landed $27M in funding from Battery Ventures in January of 2012. | |
| Fashion Playtes Inc | FashionPlaytes.com is the leading clothing design experience for girls ages 5-12 that invites girls to create clothing they love to wear. With millions of design combinations, FashionPlaytes.com offers a fun, creative outlet for self-expression and engaging shared experiences. Launched in 2009, FashionPlaytes.com is funded by a number of top-tier investors including Fairhaven Capital, New Atlantic Ventures, Launch Capital, and Golden Seeds. The company landed $4M in funding from Fairhaven Capital Partners in October of 2010. | |
| Backupify | Backupify is the leading backup provider for cloud-based data, offering an all-in-one archiving, Search and restore service for the most popular online services including Google Apps, Facebook, Twitter, Gmail, Flickr and more. Backupify ensures that users can access and control the data they entrust to these systems and prevents data loss from external threats, user error or service failure. Backupify got a hold of $5M in financing from Avalon Ventures in September of 2011. | |
| Harvest Automation | Harvest Automation is a startup material handling company headquartered outside Boston, Massachusetts – an area known for robotics innovation. Our team members are industry recognized leaders in robotics and new product development with a track record of developing cutting-edge technology products and successfully bringing them to market. The company has raised $7.8M in funding from Entrée Capital in November of 2011. | |
| Zixi, LLC | Founded in 2006, ZiXi has pioneered a proven, award-winning Video Transport Platform™ that delivers flawless, broadcast-quality HD video over the Internet, Wi-Fi and mobile networks. ZiXi’s patented technology dynamically resolves the problems inherent to these networks, delivering low-latency HD and SD video of unprecedented quality with no stutter, packet loss or frame freeze regardless of network conditions, transforming the Internet into a broadcast-quality, global HD video delivery network. The company has raised $4M in venture money from Schooner Capital in April of 2011. | |
| Kaminario Inc | Founded by storage experts from EMC, NetApp and IBM, Kaminario is leading the Flash and DRAM SSD revolution in high performance SAN storage. The Kaminario K2 family of all solid-state SAN storage eliminates I/O bottlenecks and dramatically reduces latency to accelerate critical business applications at a significantly lower cost and smaller footprint than legacy SAN storage. The company got a hold of $15M in funding from Globespan Capital Partners in May of 2011. | |
| Affectiva, Inc | Affectiva grew out of collaborative research at the MIT Media Lab to help people on the autism spectrum. We apply innovations in affective computing to help solve difficult problems that stem from misunderstanding how people feel. Our customers are people in science and industry who use new technology that helps improve understanding of emotion. The company received $5.7M in funding from Myrian Capital in July of 2011. | |
| Mendix Inc. | Mendix was founded in late 2005 by Derek Roos (CEO), Roald Kruit and Derckjan Kruit (CFO/COO) – a small team with a strong background in Business and Computer Science. Built on a combination of early academic research and personal frustration with the rigidity and complexity of traditional enterprise software, Mendix originated as a spin-off from the Technical University Delft and the Erasmus University of Rotterdam. Mendix received $12.8M in financing from Prime Ventures in October of 2011. | |
| Black Duck Software, Inc | Black Duck Software is the leading global provider of strategy, products, and services for enabling enterprise scale adoption of open source software (OSS). We believe the future of software development relies on the effective and informed use of open source software. We’re dedicated to helping our customers increase their use of OSS, while simultaneously strengthening and collaborating with the greater OSS community. The company landed $12M in funding from Split Rock Partners in October of 2011. | |
| JumpTap, Inc | Jumptap is the leader in targeted mobile advertising. Reaching 95 million mobile users in the U.S. and 142 million mobile users worldwide, Jumptap uses its extensive technology portfolio, as well as industry-first partnerships with third- party data providers, to understand mobile audiences better than any other ad network and provide intelligent targeting with scale. Jumptap has raised $25M in venture money led by AllianceBernstein in May of 2011. | |
| Sermo, Inc | Sermo is the largest online physician community in the United States, with more than 125,000 physicians spanning 68 specialties. All Sermo members are verified and credentialed physicians who collaborate on cases and exchange observations to improve patient care, discuss drugs and devices and share information on new therapies and innovations. The company received $3.5M in financing from MMV Financial in February of 2011. | |
| Pivot Inc | Pivot™ technologies revolutionize how buy and sell-side traders manage liquidity and trade by automating voice and electronic communications work flows to improve trading and operational efficiencies and scalability as well as reducing operational risks. Pivot’s software solutions deliver the benefits of electronic trading while preserving the merits of personal relationships and product customization. The company landed $3.5M in funding from Wellington Financial LP in August of 2010. | |
| Aternity Inc | Aternity redefines real end user experience management by delivering the industry’s first Frontline Performance Intelligence (FPI) Platform, effectively transforming every desktop – physical or virtual – into a self-monitoring platform that is user experience aware. By arming organizations with user-centric, proactive IT management capabilities, the Aternity FPI Platform dramatically reduces business disruption and increases user productivity. Aternity got a hold of $13M in financing from Investor Growth Capital in October of 2011. | |
| SpaceClaim Corporation | SpaceClaim, the leading provider of 3D Direct Modeling software, develops the best direct modeling solution for engineering and manufacturing. SpaceClaim’s acclaimed software is easy to learn and use and is completely CAD-neutral. It enables engineers and other manufacturing professionals to rapidly create new designs or manipulate and edit existing 2D and 3D geometry, without the complexity of traditional CAD. SpaceClaim received $5M in financing led by Borealis Ventures in April of 2010. | |
| HubSpot, Inc | HubSpot offers an all-in-one marketing software platform that has helped more than 6,000 companies in 42 countries attract leads and convert them into customers. Applications in the software platform include blogging and social media marketing, search engine optimization, website management, lead management, marketing analytics, landing pages, email marketing and marketing automation. HubSpot has raised $32M in venture money led by Sequoia Capital in March of 2011. | |
| Care.com Inc | Founded in 2006, Care.com (www.care.com) is the largest and fastest growing service used by families seeking high-quality care providers, providing a place to easily connect with hundreds of thousands of care providers, share care giving experiences and get advice. The company addresses the unique lifecycle of care needs that each family goes through – child care, special needs care, tutoring, pet care, housekeeping and more. Care.com landed $25M in funding led by New Enterprise Associates in October of 2011. | |
| DynaTrace Software Inc | dynaTrace, a division of Compuware, is the new leader in application performance management (APM). With its patented PurePath Technology®, the company offers the only continuous APM system on the market, transforming how applications are monitored, managed and optimized. dynaTrace landed $4M in financing led by Bain Capital Ventures in January of 2011. | |
| Expressor Software Corporation | expressor software delivers simplified data integration software that is easy to use, powerful, and affordable. Unlike traditional approaches, expressor is powered by an innovative metadata foundation that simplifies data mapping and enables reuse to improve time-to-value. The company landed $4.5M in financing from Commonwealth Capital Ventures in May of 2010. | |
| Daily Grommet | Daily Grommet is a curated online marketplace and video review site where consumers can learn about, share, and buy one inventive new product every day. Daily Grommet features products of great utility, style or invention that haven’t hit the big-time yet, providing product creators with a powerful distribution channel for launching products and obtaining consumer feedback. The company has raised $3.4M in funding in April of 2010. | |
| CustomMade.com | CustomMade is the first online marketplace to connect shoppers looking for fine custom home furnishings and other personalized items with the skilled makers who create them. CustomMade has raised $2.1M in financing led by First Round Capital in November of 2011. | |
| Corporate It Solutions, Inc. | Corporate IT Solutions is a leader of first class technology solutions that delivers exceptional results for our strategic business customers. We specialize in everything from a single project to a complete system overhaul. We’re skilled at system enhancement and problem solving. We can guide your hardware and software decisions with our business based recommendations. The company has increased its revenues by 118% from 2008 to 20010 ending with $4M in 2010. | |
| Nanigans, Inc | Founded by veteran entrepreneurs from the enterprise and Google SEM space, Nanigans was formed to help advertisers maximize the effectiveness of the growing Facebook ads market. The company is headquarterd in Boston, MA. Nanigans has raised $3M in venture money from Avalon Ventures in August of 2011. | |
| VideoIQ | VideoIQ provides the most effective all-in-one intelligent video surveillance solutions available on the market that are simple to install and easy to use. Powered by full 1080p high-definition continuously self-calibrating analytics, VideoIQ’s Rialto Analytic Bridges, iCVR cameras and encoders deliver superior real-time threat detection, reduce network traffic by over 90 percent and eliminate the need for central servers. The company received $3.5M in financing in January of 2012. | |
| Bluefin Labs | Bluefin’s technology platform watches everything that’s on TV and recognizes all social media conversations that are about TV – both shows and commercials. Bluefin has developed semantic analysis and video fingerprinting technology at a scale that has never previously been achieved. Today, Bluefin’s Social TV data covers 115 TV networks, 11,000+ TV shows, and 346,000+ individual TV telecasts. Bluefin Labs got a hold of $12M in funding from Time Warner Investments in January of 2012. | |
| ExaGrid Systems Inc | ExaGrid offers the only disk-based backup appliance with data deduplication purpose-built for backup that leverages a unique architecture optimized for performance, scalability and price. The combination of post-process deduplication, most recent backup cache, and GRID scalability enables IT departments to achieve the shortest backup window and the fastest, most reliable restores, tape copy, and disaster recovery without performance degradation or forklift upgrades as data grows. ExaGrid received $10.6M in funding in February of 2011. | |
| Managing Care Managing Claims | MCMC offers a variety of managed care programs that offer assistance in the assessment, review and evaluation of medical claims. Our programs and services decrease medical cost and increase efficiency for clients. MCMC’s innovative Technology, like ZEBRA, improves efficiencies for clients while our Quality, Integrity and Flexibility provide premier customer service. MCMC received $42.5M in funding from LBC Credit Partners in July of 2010. | |
| ClickSquared Inc | ClickSquared is a global provider of cross-channel cloud marketing software and services. With innovative offerings ranging from self-service campaign management and email to fully managed customer engagement and loyalty programs, ClickSquared’s pioneering Cross-Channel Marketing Hub enables marketers to orchestrate and deliver analytics-driven, relevant and personalized customer communications across email, direct mail, social, survey, mobile and web channels. The company got a hold of $9M in financing from Staley Capital in January of 2012. | |
| ChoiceStream Inc | ChoiceStream’s personalized marketing and advertising solutions are proven to increase revenue and customer engagement for today’s leading brands. For more than ten years, companies like AT&T, Zappos, Tesco, Ticketmaster and MTV have relied on ChoiceStream to create a more engaging, personally relevant experience for their consumers. The company received $8.7M in funding in December of 2011. | |
| Optaros Inc | Optaros delivers proven solutions to leading brands driving measurable revenue by bringing innovative Social Commerce initiatives to market quickly. The Optaros global solution is comprised of a flexible and open technology platform, business enablement services, creative design capabilities and next-generation retail expertise. Optaros got a hold of $4M in funding in February of 2012. | |
| Smart Destinations, Inc | Smart Destinations provides the only multi-attraction passes that maximize the fun, savings and convenience of sightseeing with flexible purchase options for every type of traveler. Available online and at walk-up retail outlets, Smart Destinations passes, including Go City Cards, Go Explorer and Go Select, provide admission to more than 500 attractions across 13 North American destinations, including New York, Orlando, San Diego, Chicago and Oahu. The company received $3M in funding from MMV Financial of Toronto in June of 2010. | |
| Bit9, Inc. | Bit9 is the global leader in advanced threat protection and server security. Bit9 protects customers’ intellectual property (IP) by providing innovative, trust-based solutions to detect and prevent Advanced Threats. The company protects the world’s leading brands. The company received $12.5M in financing from Atlas Venture in April of 2011. | |
| OnForce | OnForce is the #1 source for on-site tech talent in field services throughout the US and Canada. By partnering with OnForce, service buyers can connect with thousands of highly skilled service professionals to fulfill on-site work. With nearly two million service events completed, OnForce is a proven and trusted solution. Service buyers can gain extensive geographic coverage, lower service costs, extend skill-sets, and generate new streams of revenue on demand. OnForce got a hold of $5M in fundin from North Atlantic Capital in November of 2011. | |
| PatientsLikeMe Inc | PatientsLikeMe® is the world’s leading online health data sharing platform. PatientsLikeMe® creates new knowledge by charting the real-world course of disease through the shared experiences of patients. While patients interact to help improve their outcomes, the data they provide helps researchers learn how these diseases act in the real world and accelerate the discovery of new, more effective treatments. The company has raised $10M in venture money in August of 2010. | |
| Rapid7 | Rapid7 is the leading provider of security risk intelligence solutions. Rapid7’s integrated vulnerability management and penetration testing products, Nexpose and Metasploit, empower organizations to obtain accurate, actionable and contextual intelligence into their threat and risk posture. Rapid7 received $50M in funding from Technology Crossover Ventures in November of 2011. | |
| Visible Measures Corp | Visible Measures is the analytics and advertising platform for social video. Designed from the ground up to meet the unique challenges of measuring and delivering social video advertising, the company’s patented platform powers the Viewable Media choice-based video ad network. Visible Measures provides its customers and clients with unprecedented visibility into the performance of paid and Earned Media placements and engagement in social video. The company landed $13M in financing from DAG Ventures in September of 2011. | |
| Aylus Networks, Inc. | Aylus Networks, Inc. helps mobile operators and over-the-top (OTT) service providers transform their business models so that they can take back control of their networks and find new and innovative ways of monetizing the broadband mobile Internet. Aylus’ unique, innovative, core infrastructure technology provides a competitive edge for mobile video and multimedia communication service offerings. The company landed $16M in funding led by m8 Capital in June of 2011. | |
| PlumChoice Online PC Services | PlumChoice provides the leading white label Technology Care solution for companies to build long-term relationships with their consumers or small businesses. PlumChoice, serves more Fortune 500 brands than any other company. Through our SAFElink™ Service Relationship Management Platform, our clients are able to offer their customers a one-stop source for comprehensive technology services, accretive CSAT value, and ongoing customer lifecycle management. The company received $25.6M in funding led by MC Venture Partners in May of 2011. | |
| Gazelle | Gazelle, a service of Second Rotation, Inc., is committed to providing an easy, fast, and safe way for consumers to get cash for selling unwanted electronics or to recycle them responsibly. To date, more than 175,000 consumers have used the service as a way to clean out closets, get cash and help out a good cause. Gazelle received $22M in financing led by Craton Equity Partners in July of 2011. | |
| NetProspex Inc | NetProspex is the world’s most accurate and fastest-growing sales and marketing database, helping B2B decision makers find, reach, and connect with more than 16 million sales prospects in a uniquely direct and measurable way. NetProspex landed $5.5M in financing from Edison Venture Fund in December of 2010. | |
| PeerApp | PeerApp is the leading provider of transparent caching platforms for Internet content delivery, enabling network operators to control rich media content, improve network efficiency, enhance subscribers’ quality of experience, and offer new content services. More than 200 operators in 60 countries have deployed PeerApp systems. PeerApp got a hold of $8M in funding led by Summit Partners in September of 2011. | |
| Sand 9 | Sand 9, Inc. is a venture funded startup company, dedicated to the design of components that will dramatically improve the performance and increase the capabilities of wireless devices. Our disruptive proprietary technology offers an order of magnitude improvement over existing products. Wireless communication devices receive and transmit signals in RF bands. Sand 9 got a hold of $3M in funding in November of 2011. | |
| Memento Inc | Memento, Inc., a leader in enterprise fraud management delivers next-generation technology and proven solutions that allow financial institutions to rethink the way they combat and manage fraud. Memento Security, the company’s award-winning software platform, protects deposit accounts from wide-ranging, costly threats and enables key stakeholders to measure the true value of loss prevention investments. Memento collected $5M in financing in January of 2011. | |
| uTest Inc | Founded in 2007, uTest provides in-the-wild testing services for web, desktop and mobile applications. By leveraging a community of more than 47,000 professional testers from 181 countries, uTest helps companies test their products under real-world conditions. The company got a hold of $17M in funding led by QuestMark Partners in December of 2011. | |
| Extreme Reach | Extreme Reach is the leading provider of video advertising management, ad distribution and ad serving solutions spanning all video media. The company’s unique pure-digital ad delivery network is the world’s largest for video advertising. It directly connects more than 2,000 advertisers and agencies with hundreds of production houses and more than 17,000 media outlets. Extreme Reach has raised $9M in venture money from TD Bank in January of 2012. | |
| 8D World, Inc | 8D World provides an online virtual world for global English-as-a-foreign-language (EFL) learners to learn and improve spoken English in a motivating and contextually relevant “language environment”. The 8D World team is highly experienced, having founded and built successful new media and software companies on a global level. The company collected $5.25M from Mizuho Capital in December of 2010. | |
| Gemvara | Gemvara is the ultimate online shopping site for creating one-of-a-kind custom designer necklaces, rings, and earrings to suit any style and budget. With a selection of more than 1,000 original designs from leading international artists available in an unparalleled palette of options, Gemvara allows shoppers to easily customize each piece online by combining varieties of brilliant gemstones with a range of precious metals. Gemvara has raised $15M in venture money from Balderton Capital in March of 2011. | |
| Nuxeo | Nuxeo provides an extensible and modular Open Source Content Management Platform enabling architects and developers to easily build and run business applications. Designed by developers for developers, the Nuxeo Platform offers modern technologies, a powerful plug-in model and extensive packaging capabilities. It comes with ready-to-use Document Management, Digital Asset Management and Case Management packages. Nuxeo got a hold of $3.3M in funding from OTC Asset Management in June of 2010. | |
| Pongr, Inc | Pongr is a mobile marketing and image-recognition technology company that helps brands identify and reward their most loyal customers. Pongr’s self-service platform allows global brands to instantly launch customized picture-sharing campaigns without requiring the customer to download special apps. The company received $3M in funding in December of 2010. | |
| SCVNGR, Inc | SCVNGR is a game. Playing is simple: Go places. Do challenges. Earn points! You’ll unlock badges and rewards and share where you are and what you’re up to with friends. SCVNGR got a hold of $15M in financing led by Balderton Capital in January of 2011. | |
| Skyword Inc. | Skyword is the leading content production platform. Skyword’s content production platform enables brands and media companies to acquire and engage customers by efficiently producing quality, brand-aligned content optimized for search and the social web. Content is essential for reaching and engaging customers, but the creation process is messy, chaotic and immeasurable. Skyword collected $6M in financing from Cox Media Group in December of 2011. | |
| MocoSpace | MocoSpace is the largest mobile gaming community in North America, with twenty-two million registered users. Every day, one million games are played and gamers spend over one million hours on the MocoSpace Game Platform. For a young, multicultural, on-the-go generation, MocoSpace is the mobile community of choice for playing games, making friends, having fun and staying connected. The company has raised $3.5M in funding in September of 2010. | |
| Boston Technologies | Boston Technologies, based in Boston, MA, is a world-leading innovator and provider of trading technology and software for institutional and retail brokerage firms trading in foreign exchange and other over-the-counter instruments. Boston Technologies is headquartered in Boston with additional offices in New York, London and Tokyo. The company collected $2.5M in financing led by Bridge Bank in June of 2011. | |
| Plexxi | Plexxi was founded by networking industry veterans and visionaries. We recognize that our industry has been offering the same set of layered technologies, originally designed for enterprise LAN connectivity, for the past 20 years. In the mean time, computing and application architectures have advanced dramatically culminating in the modern day data center. Plexxi received $20M in funding led by Lightspeed Venture Partners in July of 2011. | |
| EnerTrac | Boston area-based, EnerTrac provides low cost, low bandwidth, remote monitoring for a variety of industries. Our mission is to accelerate the connection of Machine-to-Machine communication, just as cellphone technology has revolutionized the connections among people. Our company develops new products and services that allow our customers to increase profits. EnerTrac received $4.2M in funding led by Milestone Venture Partners in September of 2011. | |
| Ginger Software | Ginger Software empowers students to dramatically improve their written communication. The company offers automatic error correction through Ginger, a downloadable software program that corrects misused words, grammar and spelling mistakes based on the context of each sentence. Additional functionality is available through Ginger Premium, which includes text-to-speech and progress reporting. Ginger Software landed $6.3M in financing from Vaizra Ventures in February of 2012. | |
| CloudLock, Inc. | CloudLock helps enterprises extend their data security practices and policies to the cloud. CloudLock’s suite of security applications give businesses the controls and visibility they need to take advantage of the collaboration benefits of public cloud offerings, without sacrificing on security. The largest Google Apps customers in the world trust CloudLock to secure their data. The company has raised $8.7M in financing from Ascent Venture Partners in March of 2012. |
