Kronos unveils new global headquarters
On the company’s 40th anniversary, Kronos Incorporated officially opened its new global headquarters, which will bring together nearly 1,500 Massachusetts-based employees under one roof at a 500,000-square-foot office at the Cross Point towers in Lowell. As one of the largest employers in Lowell and the largest tenant of Cross Point, Kronos plans to bring more than 400 new jobs to the state over five years as the company continues its aggressive pace of hiring. [Press Release]
Recorded Future raises $25M to become leader in threat intelligence
Recorded Future, a Boston-based threat intelligence startup, announced that it has raised $25M in a Series E round of funding to expand its software product and services to solve a wider spectrum of cybersecurity problems. Led by Insight Venture Partners, the funding will support the company's growth, geographical expansion and its focus on machine learning-based threat intelligence and cutting-edge research. [Press Release]
Microsoft Ventures, Siemens and Porsche invest $30M in Markforged
Markforged reeled in $30 million in funding led by Microsoft Ventures, Porsche and Siemens-backed venture fund next47. The 3D printing company announced the Series C round Wednesday, which it said would be used to mass produce metal 3D printed parts. All three new investors are also customers, using Markforged printers to reduce time to market. They join existing investors Matrix, Northbridge and Trinity. Markforged has raised a total of $57 million to date. [Built In Boston]
Datto is merging with Autotask
Datto announced this week that it will be merging with Autodesk, with the combined company offering data protection, backup and disaster recovery services for managed services providers. The deal is private-equity backed. Private Equity Partners, which acquired Autotask in 2014, will acquire Datto and merge the tech companies. [BostInno]
Trilio raises $5M in funding to grow engineering, sales team
Data protection startup Trilio Data announced that it has raised a $5M Series A round of funding led by Boston-based .406 Ventures, an early stage venture capital firm that invests in enterprise tech companies. Trilio, which provides data protection, backup and recovery solutions for OpenStack, said it will use the new funds to grow its engineering, sales and marketing teams, as well as increase channel enablement support for the company’s global customer base and accelerate its technology roadmap. [Built In Boston]
