Maybe it’s the stormy weather, but Boston tech is off to a strong start this week, with three major fundings totaling nearly $71 million in industries ranging from artificial intelligence to healthcare and marketing. Built In Boston has the details on all three fundings. Learn more below:
Founded: 2007
What they do: The Cogito platform uses artificial intelligence to help call center representatives better understand the emotions of those they are serving.
The funding: On Monday, Cogito announced they have secured a $37 million Series C funding round. The funding was led by Goldman Sachs, which will be represented on the Cogito Board by Mark Mirdle. Returning investors Salesforce Ventures and OpenView also participated in the round.
According to a TechCrunch report, Cogito plans to use the funding to scale both its employee base (they currently have 117 team members at their Boston HQ), and the impact of its software.
Founded: 2011
What they do: SessionM helps companies like Barneys New York and Air Canada harness their customer data in order to provide custom engagements and advertising.
The funding: On Monday, SessionM announced the closure of a Series E funding to the tune of $23.8 million. Leading the round was Salesforce Ventures, with Kleiner Perkins Caufield & Byers, CRV, Highland Capital Partners, General Atlantic and Causeway Media Partners also participating. All participants are returning investors.
Founded: 2012
What they do: Madaket Health works to eliminate the complications inherent to collaboration between healthcare providers and healthcare payers. Madaket’s tools are capable of automatically processing otherwise tedious paperwork and sending it to the proper payers.
The funding: On Monday morning, Madaket health announced it has finalized the terms of a $10 million Series B round. Qiming Venture Partners lead the round, with Experian Ventures, The PNC Financial Services Group and Salesforce Ventures also participating. According to a press release, Madaket Health plans to use the funding to ramp up the power of its platform and continue to problem solve in the healthcare space.
