Tech funding: Corero, Hubb, DC Systems, Syncron, Numerify

Technology companies such as Corero Network Security, Hubb, DC Systems, Syncron, Numerify, among others, have announced their latest funding rounds.
Dollar spending on technology

Corero Network Security

Corero Network Security, a provider of automated DDoS defense solutions, has secured a $2 million equity investment from Juniper Networks.


Hubb, a developer of event management technology, has raised $6.3 million Series B funding round — led by Five Elms Capital and includes follow-on investment from Oregon Venture Fund and Elevate Capital. The company works with clients such as Microsoft, Atlassian, Tableau Software, Biotechnology Innovation Association and the Consumer Technology Association (CES). This latest round brings Hubb’s total funding to $10 million.

DC Systems

DC Systems, a smart energy applications provider for optimizing grid operations, has raised growth capital of $4 million led by WindSail Capital Group, a Boston-based investment firm focused on energy innovation and sustainability.


Numerify, a provider of AI-powered IT business snalytics, closed a $27.5 million funding round led by DAG Ventures, with support from existing investors including Lightspeed Venture Partners, Sequoia Capital, and Tenaya Capital.


Syncron, a provider of after-sales service solutions, announced $67 million  investment from growth equity firm Summit Partners.


HCS Capital Partners, a Miami, FL based private equity and operating firm, has completed a $3 million investment in Jooycar, a Chilean company disrupting the auto
insurance and telematics space in Latin America.


Springbot, a data-driven marketing platform for e-commerce retailers, has closed $15 million in funding led by North Atlantic Capital with participation from existing investors TechOperators, TTV Capital, Harbert Growth Partners, TechSquare Labs, Forte Ventures and Silicon Valley Bank.


Venture capital firm GGV Capital (GGV) announced the close of its funds totaling $1.88 billion.  The new funds include $1.36 billion in the firm’s main funds, GGV Capital VII and VII Plus, $460 million in GGV Discovery II focused on seed and early-stage opportunities, and $60 million in the GGV Capital VII Entrepreneurs Fund consisting largely of company founders as LPs.


Paperspace, a cloud AI company, has closed a $13 million Series A financing round led by new investors Battery Ventures, SineWave Ventures, Intel Capital and Sorenson Ventures as well as existing investor Initialized Capital. This new round brings Paperspace’s total funding to $19 million.

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