Massachusetts breaks a record for VC funding, media reports

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Chief Information Security Officer (CISO) Commercial Banking, ING, serves on the advisory board of Digital Guardian

BOSTON–Massachusetts had a record-breaking year for venture capital funding, with $7.42 billion invested across 531 deals, Boston Business Journal reported.

According to calculations by Seattle-based venture capital research firm PitchBook, it was the highest-ever annual venture capital investment in at least 15 years.

This year’s dollar investment was 28 percent higher than the $5.76 billion invested across 584 Massachusetts companies last year, Boston Business Journal said.

Quoting the PitchBook, Boston Business Journal added the following:

Chief Information Security Officer (CISO) Commercial Banking, ING, serves on the advisory board of Digital Guardian
Chief Information Security Officer (CISO) Commercial Banking, ING, serves on the advisory board of Digital Guardian

The research shows that more money was invested in fewer companies this year. The biggest tech deals of 2015 were all cybersecurity companies: Boston-based Cybereason, which raised $59 million in Series A funding; Waltham-based Digital Guardian, which raised $66 million in Series D funding and Bit9 + Carbon Black, which raised a $55 million Series F round.

The tech companies whose valuations increased the most this year, according to PitchBook, were: Cybereason, whose valuation increased from $30 million to $225 million valuation; Boston real estate software firm Placester, whose valuation increased from $48 million to $130 million, and Boston cybersecurity firm Confer Technologies, whose valuation increased from $16.5 million to $41.8 million.

Massachusetts VC funding is in-line with that of New York, which saw $7.65 billion invested across 775 deals.

However, the San Francisco Bay Area still remains at the top — with a whopping $34 billion invested across 1,900 California companies, according to PitchBook, concluded Boston Business Journal.

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