Boston Startup Community News & Content

What stimulus? Startups and venture investors hunker down in coronavirus era

Just a month ago, much of the startup world was still fixated on unicorns: fast-growing companies that were shaking up established industries, worth $1 billion or more according to their investors, and on a trajectory to become the next Uber or Facebook. Most were losing money, but no one cared. Now, of course, the world

Mar 31, The Boston Globe

Massachusetts Companies Mobilize To Supplement Medical Supply Chain

Aldatu Biosciences in Watertown usually makes diagnostic test kits for infectious diseases like drug-resistant HIV and Lassa Fever, which is endemic in central and western Africa. But in early March, the startup shifted gears when COVID-19 cases started spreading quickly throughout Massachusetts, but the state lacked enough tests, said David Raiser, Aldatu’s CEO and co-founder.

Mar 30, WGBH

Boston startups that connect recently laid-off workers with gigs are surging

Boston startups focused on speeding up or improving the hiring process for hourly workers are seeing a surge in usage as hundreds of cooks, restaurant servers and bartenders lost their jobs following the COVID-19 pandemic.

Mar 30, Boston Business Journal

DataRobot Cuts Workforce as Coronavirus Roils the Startup Economy

DataRobot, the Boston-based enterprise AI company, has significantly reduced its workforce amid economic uncertainty due to the spread of COVID-19, the respiratory illness caused by the novel coronavirus. The company confirmed the layoffs but declined to answer questions about how many employees were laid off and in what departments, saying instead that the layoffs had

Mar 27, BostInno

Blockchain data firm Coin Metrics raises $6M from Highland Capital Partners, Fidelity and others

Blockchain analytics startup CoinMetrics has raised a $6 million Series A funding round led by returning investor Highland Capital Partners. The Series A also drew Fidelity, Coinbase, Digital Currency Group, Dragonfly Capital, and others as participants. The firm closed the round before mid-March, when global equity markets plunged significantly due to the coronavirus. [..] The

Mar 26, The Block

Edtech Startups Scramble to Meet Demand as Schools Move Online

Potentially millions of students, from kindergarteners to college seniors, have transitioned entirely to online learning within the last two weeks. In Massachusetts alone, more than 20 higher ed institutions have decided to send their students home and finish the semester through online classes to help mitigate the spread of COVID-19, the respiratory illness caused by the novel

Mar 26, BostInno

Boston-made fitness tracker is being used to track COVID-19 symptoms

As COVID-19 testing capabilities have largely been limited to those showing symptoms such as fever or shortness of breath, many are discovering an alternate path to get input about whether they might be infected: fitness trackers. Will Ahmed, CEO of Boston-based fitness tracker maker Whoop, said that the company has already heard directly from “hundreds” of

Mar 23, Boston Business Journal

Tech startup Eversound launches new video service to help seniors living in social isolation during Covid-19

With coronavirus pandemic spreading around the world, the U.S. government is asking all citizens to practice socila distancing forcing some people to stay in total isolation. Most impacted are the seniors who live in community homes. One startup is doing its fair share to help senior living communities across the US that are facing challenges related

Mar 23, TechStartups

Formlabs Is Coordinating 3D-Printed Medical Supplies in Coronavirus Fight

About two weeks ago, Formlabs, the Somerville-based 3D printing startup, started getting flooded with requests. Hospital systems across the world were beginning to see dire shortages of personal protective equipment—masks, surgical gowns, eye gear and more—along with ventilators, which are needed to sustain life in the most critical cases of COVID-19, the respiratory illness caused by the novel

Mar 23, BostInno

Boston startup lays off 34 as coronavirus brings travel business to a halt, a Boston startup focused on business travel, confirmed Friday that it had laid off nearly a third of its staff amid a massive reduction in global travel brought on by the coronavirus pandemic. The company said it had eliminated 34 jobs, leaving it with 82 full-time employees. “We made the very hard decision to

Mar 20, The Boston Globe