Boston Startup Community News & Content

Armored Things brings in $7M to manage crowds

Crowd intelligence startup Armored Things has raised an additional $7 million in seed capital, bringing its total funding to $14.8 million. Will Ventures led the round, with participation from Splunk, Glasswing Ventures, Inovia and MassVentures.

Jun 24, PitchBook

Exclusive: Another Mass. startup scores funding from Google’s AI fund portfolio

Techstars Boston alumn Openly Inc., which is applying artificial intelligence to the home insurance market, said on Wednesday it has closed a $15 million investment with Gradient Ventures as a returning investor. The news comes after Gradient, Google’s AI fund, participated in at least two other recent fundraises of companies based in the Bay State.

Jun 24, Boston Business Journal

Framingham HR tech company hits unicorn status

Workhuman, a human resources software firm previously known as Globoforce, is the latest Massachusetts tech company to hit a valuation that surpasses $1 billion. The list of local unicorns includes payment technology company Circle Financial Internet Ltd., restaurant management software maker Toast Inc. and 3-D printing competitors Formlabs Inc. and Desktop Metal Inc.

Jun 23, Boston Business Journal

Founder of new VC firm launches Black entrepreneurship program

Krishna Gupta’s new firm will launch with a new entrepreneur-in-residence program specifically for Black founders.

Jun 23, Boston Business Journal

52 local startups are in MassChallenge Boston’s 2020 cohort

MassChallenge, the zero-equity accelerator founded in Boston 11 years ago, has announced the early-stage startups in this year’s MassChallenge Boston program. Of those startups, 52 are based here in Massachusetts—more than half of the 100 total startups in the cohort. Due to the ongoing coronavirus pandemic, MassChallenge has pivoted to an all-virtual model. The accelerator

Jun 04, BostInno

MassMutual Ventures Announces Third Boston-based $100 Million Fund

BOSTON–(BUSINESS WIRE)–MassMutual Ventures (MMV) announced today that it has launched a third $100 million venture capital fund to continue its successful strategy of investing in early- and growth-stage companies in the financial technology, cybersecurity, enterprise software, and digital health sectors. With this new fund, the Boston-based team will manage a total of $300 million on

Jun 03, Business Wire

Brazilian Retailer Eyes Services for the Unbanked With Acquisition of FinTech Firm Airfox

Brazilian retail firm Via Varejo has scooped up Boston-based fintech startup Airfox for an undisclosed sum. The acquisition comes as part of plans by Via Varejo to provide financial services to millions of Brazilians who lack the means to obtain traditional bank accounts, according to a statement released Friday. The two firms already have a relationship.

May 27, CoinDesk

Amwell bagged $194 million to keep up with the increasingly growing usage of its services

Boston-based telehealth startup Amwell, previously known as American Well, nabbed a whopping $194 million in Series C funding to keep up with its surge in demand, according to CNBC. Business Insider Intelligence The firm had raised $500 million in total prior to this — and it’ll put the latest cash infusion toward ensuring that its infrastructure can keep up

May 22, Business Insider

Health tech startup Scripta Insights takes off amid coronavirus

At just over a year old, Wellesley-based Scripta Insights, a health tech startup that exists to lower the cost of pharmacy benefits, sees a real market opportunity amid coronavirus. The startup’s flagship software is a tool called Script.AI, which uses artificial intelligence to identify where companies are overpaying for their employees’ pharmaceutical benefits. Scripta Insights

May 21, BostInno