Tech roundup: LogMeIn acquires an AI startup, Wasabi raises over $10M and more

by Justine Hofherr
August 2, 2017
Photo via Shutterstock

Israeli e-commerce cybersecurity startup Namogoo expands to Boston

Namogoo, an Israel-based tech company which detects and blocks malware on e-commerce websites, announced that it raised $8 million in funding this week as it opens its U.S. headquarters. The Series A round, which brought the company’s total funding to $14 million, was led by GreatPoint Ventures, Blumberg Capital and Inimiti Capital. [Boston Business Journal


Photo via LogMeIn

LogMeIn acquires AI startup Nanorep for $45M

LogMeIn announced on this week that it had acquired Nanorep, an Israeli startup that makes virtual assistant software, for $45 million. Founded in 2009, Nanorep had raised a total of $11.5 million in funding to debt from investors like JAL Ventures, Oryzn Capital and Titanium Investments. The acquisition of the artificial intelligence startup signals LogMeIn’s efforts to become a big Boston name in the customer support space. [BostInno]


Photo via Crimson Hexagon

Crimson Hexagon unveils new analytics engine to gather customer insight data

Crimson Hexagon, a Boston-based tech company that delivers social media monitoring analysis services about brands or issues, unveiled new proprietary image analysis capabilities this week, hoping to help brands and agencies unlock novel insights in photo data. By applying Crimson Hexagon’s analytics engine to images to recognize scenes, objects, actions, faces and logos, brands can learn who, how and where consumers engage with their products. [Press Release]


Photo via Built In

Cloud storage company Wasabi raises $10.7M

Wasabi Technologies, a cloud storage company that claims to be faster and cheaper than Amazon’s S3 service, raised $10.7 million in funding. The company, which was created by Carbonite’s founders, had previously raised $8.5 million from angel investors. [VentureFizz]


Photo via 6 River Systems

6 River Systems raises $15M in funding

6 River Systems, a Boston tech company making collaborative robots, raised $15 million in funding from backers like Norwest Venture Partners and Eclipse Ventures. In conjunction with the funding, Matthew Howard, a managing partner at Norwest, joined 6 River Systems’ board of directors. The company is using the funds to accelerate the delivery of a collaborative and mobile robot called Chuck. [FinSMEs]

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