Boston Tech Watch: Localytics, Walt Doyle, Flyp, NuTonomy & Morec
This week in Boston, we’re monitoring a bunch of funding announcements, hassle at Localytics, additions to the resume of local entrepreneur and investor Walt Doyle, and a new route for a younger co-working area. learn on for small print.
—Waltham, MA-based evolved battery maker SolidEnergy raised $ 12 million in a sequence B round led by means of an unnamed U.S. auto company. SAIC, applied Ventures, and previous buyers additionally participated.
—Boston-based Flyp raised $ 5.eight million in seed funding from a gaggle of venture capital companies from the East Coast and Silicon Valley. Flyp’s mobile app lets in users to regulate all their calls, texts, and voicemail messages in a single feed, and to create and use multiple cellphone numbers on one device. The app has been downloaded more than 1 million times up to now 9 months, and the corporate intends to expand the service to 30 extra international locations this 12 months.
—Lexington, MA-based mPharma data raised $ 5 million from investors, in keeping with an SEC filing. the company is building a pharmaceutical data platform for international locations in Africa that helps medical doctors, sufferers, and pharmacies more simply prescribe and locate sought-after drugs and file unwanted effects.
—ascertain.io announced it raised $ 4 million from buyers and launched a private beta test of its product, which is tool that integrates with cellular and internet apps and helps authenticate customers’ identities. The Boston startup’s co-founders embody Walt Doyle, who is best possible identified for working the place, which was once obtained via PayPal in 2011.
—speaking of Doyle, even if he helped start ascertain.io, he’s in reality curious about operating GasBuddy, in line with various media studies. the corporate, which runs a fuel value comparison site and mobile app, not too long ago moved its headquarters from the Washington, D.C., area to Boston and tapped Doyle as its CEO.
—NuTonomy, a Cambridge, MA-based developer of self-riding automotive instrument, raised $ 3.6 million in seed funding from sign Ventures, Samsung Ventures, Fontinalis partners and Steven LaValle.
—Boston-based totally Tenacity raised nearly $ 1.9 million from investors, an SEC submitting displays. the company’s instrument, in response to MIT analysis, objectives to raise the productivity of contact middle staff and encourage them to get more engaged with their jobs and each other.
—fast-rising Localytics went on a hiring binge remaining 12 months, however it apparently overvalued its trade growth. The Boston advertising automation and knowledge analytics firm laid off 15 % of its 250-person workforce closing week, or about 37 people, BetaBoston suggested.
—The TechHub co-working house in Somerville, MA, has spun off from its mother or father firm and will function an incubator serious about assisting companies and nonprofits that goal for social impact, BostInno mentioned. the distance has modified its identify to canopy.
TechHub, which operates co-working spaces around the world, opened the Somerville region remaining yr—its first in the U.S.
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