Boston Startup Community News & Content

SoftBank just invested $500 million in a Cambridge company

Scarcely a day goes by in Boston’s technology sector without a promising company raising what in most businesses would be a monumental sum. Tens and sometimes hundreds of millions fly around with scarcely an eyebrow raised. But the announcement Wednesday that eight-year-old Cambridge Mobile Telematics had taken in a half-billion dollars in venture investment shows

Dec 19, The Boston Globe

Boston Startups Prioritize Inclusivity Over Drinks

It’s an all-too-familiar ambiance in the startup and tech world: wine bottles and kegs interspersed between startup demos and conversations about open job opportunities. Pay no mind to the catered food spilled onto business cards. For Appcues, a Boston startup which works to simplify software and web experiences, that environment made up the foundation of one

Dec 18, Crunchbase News

OffGrid Box’s Pods Purify Seawater, Provide Wi-Fi and Power Hospitals

Last week on Thursday, the U.S. Department of Energy (DOE) announced that it will dedicate $100 million towards an Energy-Water Desalination Hub that will focus on early-stage research and development (R&D) for “energy-efficient” and “cost-competitive” desalination technologies in order to treat non-traditional water sources for multiple use-cases. This sounds like Somerville startup OffGrid Box‘s pitch. Housed at Greentown

Dec 17, BostInno

Northeastern receives $50 million gift to further AI studies

An alumnus is giving $50 million to Northeastern University to boost the school’s rapidly expanding technology college, which will soon bear his name. The university said Monday that it will name the Khoury College of Computer and Information Sciences after trustee Amin J. Khoury following the contribution, which will be endowed to support research and

Dec 17, The Boston Globe

Predictions for Boston’s tech scene: A colder winter, but no big chill ahead

What better way to take the pulse of Boston’s tech community than by group text message? This month, I assembled a group of investors, entrepreneurs, and a few recruiters and attorneys who work with Boston startups to get their take on what’s happening as the clock runs out on 2018. Messages have been lightly edited

Dec 13, The Boston Globe

Industrial IoT Startup Machine Metrics Raises $11.3M In Series A

In February this year, BostInno reported that manufacturing analytics startup Machine Metrics was looking to raise funds for a Series A round. On Tuesday, the Northampton, Mass.-based company announced that it raised $11.3 million in a Series A round led by Tola Capital with participating investors like Hyperplane Venture Capital, Long River Ventures, Mass Ventures, Hub Angels

Dec 11, BostInno

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