A Year in Review – A Look Back on our Portfolio Companies’ Successful 2016
It’s been a busy year here at Ascent and we’d like to take a moment to look back at 2016 and recognize the accomplishments achieved by our portfolio companies throughout the year. From impressive rounds of funding, to new partnerships and platform launches, 2016 proved a very successful year. Below are some of the highlights:
ClickFox, the creator of the journey data standard, kicked off the new year by announcing in January that its journey analytics platforms surpassed 100 billion connected journeys. This impressive achievement was followed by partnership announcements with BMO Financial Group, Atos and Convista.
It was a huge year for CloudLock, the leading cloud security provider. After announcing a number of new product offerings, worldwide technology leader, Cisco, announced its intent to acquire CloudLock in June. Check out our blog post for more details.
Codeship, the provider of hosted continuous integration solutions that empower software build and test automation, had an eventful year as well, including a $7 million series A round of funding, led by Ascent Venture Partners. In February, the Austrian-born, Boston-bred company named Jack Drew as its new vice president of sales and also announced the launch of native Docker support.
Invaluable, the world’s leading online marketplace for fine art, antiques and collectibles, had a rewarding 2016, starting with the celebration of another record-breaking 2015 and its strongest performance in company history. In March, Invaluable launched its new “Buy Now” offering to bring the world’s premier auction houses, galleries and dealers together in one unified marketplace. This was followed by the announcement of its new partnership with Phillips and the appointment of William F. Ruprecht as chairman and the inaugural member of Invaluable’s advisory board. Despite a challenging worldwide auction market, Invaluable reported strong auction revenue growth in 2016. The company added 535 auction houses and 220 galleries and its 2016 auction revenue grew by 30 percent.
Promoboxx, a SaaS marketing platform that aligns brands and their retailers, raised $8.25M in a Series A financing led by Ascent Venture Partners and joined by Grotech Ventures. The company leverages their platform to drive consumers to engage with independent retailers that sell their brands’ products. In November, Promoboxx eliminated all advertising fees for local retailers, ensuring that 100 percent of their ad dollars go towards actual campaigns versus agency fees.
Pwnie Express, the leading provider of device threat detection for wired, wireless and internet of things (IoT) devices, announced a $12.9 million series B round of funding in May, led by Ascent Venture Partners. Pwnie Express also revealed some exciting leadership moves in May, including the appointment of Kasha Gauthier as CFO, Bo Thurmond as vice president of sales and services and Dimitri Vlachos as vice president of marketing. In addition, Pwnie Express had several notable product and partnership announcements this year (see the full list here). Ending the year on a high note, Pwnie Express was inducted into the SC Magazine’s Industry Innovators Hall of Fame in December.
RapidMiner, the industry’s number one open source predictive analytics platform, closed a $16 million equity financing round in January. New investor, NGP, led the round with participation from existing investors, including Ascent Venture Partners. In 2016, RapidMiner announced new partnerships with Basis Technology, Experfy and Tableau. To top it off, RapidMiner was recognized by Gartner (for the third year in a row) in its 2016 Magic Quadrant.
2016 was a year of change for Revulytics, the leading provider of software usage analytics formerly known as V.i. Labs. This period of rebranding culminated in the announcement of its new name and the availability of its latest version of Revulytics Usage Intelligence. In March, the company acquired Trackerbird Limited, and in September, Revulytics launched CodeArmor Intelligence 5.1.
Splash, the event marketing platform based out of New York, announced a $7 million Series B funding round led by Ascent Venture Partners. In a recent interview with New York Post, Alex Taub of SocialRank declared that, “Eventbrite is ‘Microsoft.’ Splash is ‘Apple.’” after Splash hosted 434 different events at SXSW this year.
TimeTrade, the leading provider of appointment-driven personalization, launched its Customer Engagement Cloud, the world’s most advanced customer appointment scheduling and queue management platform. The company also announced that in 2016 it helped customers schedule 50 million appointments with prospects and customers.
This snapshot of portfolio company achievements serves as a great representation of the success and progress we saw in 2016. We are thrilled to be working with such visionary organizations and look forward to 2017 as these emerging companies grow and lead the way in technology and innovation for the enterprise.