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Boston Startup Community News & Content

Forge AI Raises $11M to Crack Unstructured Data for Machine Learning

Forge AI, a Cambridge,MA-based startup aiming to decode the world’s mountains of unstructured data for machine learning algorithms, says it has raised $11 million in new funding. Jim Crowley, Jack Crowley and Jennifer Lum founded Forge in 2017, and it’s kept relatively quiet in the time since. The company reads and digests unstructured data. Such […]

Dec 06, Xconomy

Elves of the shelves: Mass.-made robots drive holiday commerce

This holiday season, Massachusetts robotics startups proved they’ve quickly become a crucial cog in the e-commerce machine. Is that enough for a sustainable future for the industry?

Dec 05, Boston Business Journal

Former PayPal’s Boston Office Head Becomes CEO of Student Loan Repayment Startup

David Chang is ready for a new adventure. The former head of PayPal’s Boston office has been named CEO of Gradifi, a Boston-based provider of student loan and college saving employee benefit. Announced on Thursday, the appointment is effective immediately. Chang will replace Tim DeMello, Gradifi’s founder and CEO, who left earlier this year. As an angel investor, Chang

Nov 29, BostInno

Flipside Crypto Raises $1M Amid “Healthy” Currency Selloff

The crash in digital currency values has tossed fuel on the already raging fire of skepticism around many crypto projects, which are suspected as scams masquerading as a technology of tomorrow. But the price retreat—and the accompanying losses to crypto speculators—are welcome news to Dave Balter, CEO of Flipside Crypto, whose Boston-based digital currency benchmarking […]

Nov 29, Xconomy

Boston-based robot startup Jibo powers down

Just a year after Jibo landed on the cover of Time magazine, the company behind the sleekly designed “social robot” has closed down for good, according to a filing with the Secretary of the Commonwealth of Massachusetts. State records show that Boston-based Jibo Inc. filed a withdrawal of its certificate of registration on Nov. 14, a

Nov 28, Boston Business Journal

Massachusetts doctors going the startup route

One graduated from Harvard Medical School but never practiced medicine, deciding at age 26 to develop a device to fight obesity. Another graduated from Johns Hopkins University School of Medicine and promptly joined the drug industry, recently helping to engineer the sale of a Cambridge startup in a deal worth up to $775 million. A

Nov 25, The Boston Globe

Verizon’s Boston plans include expanded Fios service, 2,000 more jobs at North Station

Verizon Tuesday unveiled plans for a major expansion in Boston, including building out its cellular and Fios high-speed networks across the entire city, and bringing 2,000 employees to a building atop North Station. That office will anchor a new $540 million, 31-story building — the tallest office building built in Boston in nearly 20 years

Nov 20, The Boston Globe

Boston robotic accounting startup botkeeper just raised $18 million, thanks to Google’s AI investment arm

When Botkeeper founder and CEO Enrico Palmerino was in college, he started a business to automate the design of lighting systems. It began as a class project, but the business ended up growing quickly. Ultimately, he just couldn’t keep up with the logistical day-to-day busywork of accounting, and Palmerino’s business actually ran entirely dry of

Nov 19, Business Insider

Massachusetts must do a better job hyping its digital health care smarts

Almost three years ago, a group of Massachusetts’ most powerful business leaders joined with Governor Charlie Baker to stick a flag in the ground: The state would become the nation’s epicenter for digital health care. When it came to the software that linked consumers with doctors, hospitals, and insurers, we’d be so dominant that even

Nov 18, The Boston Globe

Boston startup Airfox to pay $350K fine over cryptocurrency sale

Airfox, a Harvard-born startup that last year held the largest public cryptocurrency sale in Boston, has agreed to pay $350,000 in penalties to state and federal financial regulators as part of a settlement related to the sale. As part of the settlement, Airfox will also allow investors in its cryptocurrency sale, which raised $15 million,

Nov 16, Boston Business Journal