Boston Startup Community News & Content

Teikametrics raises $10M to optimize Amazon ads

Teikametrics is a Boston-based startup that helps retailers tackle the challenges of advertising on Amazon. Today, the company is announcing that it has raised $10 million in Series A funding. CEO Alasdair McLean-Foreman said third-party sellers represent 60 percent of the transactions on Amazon. But they don’t have any real data science capabilities, so they need

Oct 25, TechCrunch

In E-Commerce Marketing Race, Privy Aims to Democratize Online Tools

The push by Boston e-commerce tech startup Privy to become a marketing Swiss army knife for online merchants has fueled a new $4.25 million funding round for the company. The money will be used to double its headcount and help it move into more spacious digs from its current scrappy office quarters. Founder and CEO […]

Oct 25, Xconomy

Boston’s DataRobot raises $100M for artificial intelligence tech

Boston-based DataRobot Inc. is the latest Massachusetts startup to raised a $100 million round in 2018, bringing its lifetime funding to $225 million. The artificial intelligence company on Wednesday announced a Series D round led by Meritech and Sapphire Ventures with participation from DFJ Growth. All three are West Coast venture firms. Previous DataRobot investors

Oct 24, Boston Business Journal

Boston’s Startup Community Vies For Immigrant Entrepreneurs

It’s been nearly three years since President Trump signed Executive Order 13769, a controversial immigration policy banning individuals from several countries, such as Iran, Libya, and Syria, from entering the United States for 90 days. It sparked uproar around the world, and it even led some entrepreneurs to leave the U.S. Despite the hardship, tech entrepreneurs and

Oct 23, Crunchbase

Alumni Ventures Group is the most active venture fund you’ve never heard of

Alumni Ventures Group’s (AVG) limited partners aren’t endowment or pension funds. Its typical LP is a heart surgeon in Des Moines, Iowa. The firm has both an unorthodox model of fundraising and dealmaking. Across 25 micro funds, AVG is raising and investing upwards of $200 million per year for and in tech startups. Tucked away in Boston, far

Oct 19, TechCrunch

These 19 MassChallenge Startups Just Won $1.65M

Nineteen of Boston’s most promising early-stage startups won a total of $1.65 million at Wednesday night’s MassChallenge awards ceremony. The startup accelerator’s top four winners — EBT Medical, Infinite Cooling, Mobile Pixels and WatchTower Robotics — each won $100,000, while two more startups received $75,000 each and nine other companies brought home $50,000 each. Also, additional

Oct 17, BostInno

This company, led by veteran athenahealth execs, just raised $300m

Two decades ago, Ed and Todd Park were part of the small team that launched athenahealth, the health care information technology company that grew into a big name in Boston’s tech economy. Now, they’re on their way to building another major player in the field. Waltham-based Devoted Health, led by the Park brothers, is trying

Oct 16, The Boston Globe

MIT aims to raise $1 billion for new AI-focused college

Blockchain and cryptocurrency advocates have been waiting for large financial institutions to shed their wariness and begin investing meaningful amounts of money into the emerging technology. The sector may have gotten a significant catalyst on Monday, when Fidelity Investments announced it created a separate venture that will offer digital currency services to hedge funds, family offices, market trading firms,

Oct 15, Xconomy

Leadership Communication Tool Carrot Comes Out of Stealth

It’s hard to have a conversation about communication software applications and not mention Slack. ‘It’s where work happens,’ remember? One entrepreneur disagrees. “People use Slack more to chat with their teams in real time and less to discuss and strategize on projects and policies,” said Stuart Levinson, CEO and co-founder of Carrot. He launched the startup,

Oct 15, BostInno

The Startup That Got a Boost From Tom Brady

Purple Carrot has found a unique niche in a growing market for meal kits. An investment from Fresh Del Monte and a partnership with Tom Brady’s TB12 nutrition program have helped the Boston-based company grow its user base and its national reach. Founder and CEO Andy Levitt explains Purple Carrot’s recipe for success.

Oct 16, Bloomberg