Gravyty reels in $2M for AI-powered fundraising
Gravyty, a Boston-based startup that makes AI-powered fundraising software, announced this week that it has raised $2 million led by Boston's NXT Ventures and Launchpad Venture Group. The financing comes on the heels of a big year for the company: Gravyty tripled the size of its team in 2017 and released a suite of AI products, including First Draft, the company’s self-writing email tool. Gravyty will use the fresh funds to expand its customer success and marketing teams, as well as speed up the development and delivery of its suite of AI products. [Press Release]
Thank you, Instagram
Annoying posts clogging your feed? Fear no more: Instagram has finally launched a mute feature — and we’re honestly surprised it took this long. The goal of the mute feature is to let users ignore accounts without having to unfollow the user. This tool will be a godsend for those who really love their friend Karen, but don’t need to see photos of her oatmeal each morning. It’s oatmeal, Karen. To clarify: the app already had a feature for muting stories and videos, but you were previously unable to hide frequent users’ photos without unfollowing their accounts, which could make things pretty tricky with your friend Karen. [The New York Times]
Boston’s finance giants are teaming up with the little guys
Fidelity Investments. John Hancock. Putnam Investments. These are some of the biggest names in the finance world, and now they’re reaching out to help some lucky early-stage fintech startups find their footing. How? Some of the largest companies in Boston’s fintech scene are partnering with MassChallenge to launch a fintech accelerator that will go live in January. The goal is for the program to be a win-win for startups as well as financial giants: Startups could earn the deal of a lifetime, while the finance heavy hitters could find the groundbreaking technology they’ve been looking for. [The Boston Globe]
