Watch out NYC: Boston named No.2 in venture investments
This is Boston’s year. In the startup scene, venture investment in the Boston area has already hit $5.2 billion this year and is en route to be the highest annual total in years, according to TechCrunch. These year-to-date numbers are about 15 percent higher than New York City’s total, making Boston second to Silicon Valley. Having MIT in the city’s background as well as super high funding rounds for Toast and Fuze, are just a few reasons Boston is expected to beat out New York City in 2018. [TechCrunch]
Appcues raises $10M Series A
Boston-based startup Appcues has gotten the attention of investors with its user experience layer that lets companies create amazing product experiences — without having to write a single line of code. And that excitement garnered a $10 million Series A round this week, led by Sierra Ventures. The funding will allow Appcues to expand into new platforms like mobile, add new use cases like feedback collection, and hire for roles in engineering, operations, marketing and more. [Appcues Blog]
Salsify raises $43M to expand
Digital marketing is the future, and Boston tech company Salsify helps brands do just that. In their Series D round, Salsify raised $43 million “ for research and development, global growth and an aggressive expansion of Salsify’s Boston team,” said CEO Jason Purcell. Salsify currently employs 288 in Boston and will continue to expand globally. [Built in Boston]
Actifio raises $100M, at a reported $1.3 billion valuation
Waltham-based tech company, Actifio, offers giants like Netflix and IBM, as well as 2,700 more global enterprise customers multi-cloud access and information protection. Their $100 million round will be used to continue growing their global sales and marketing reach, according to CEO Ash Ashutosh. After this round, the company is valued at an impressive $1.3 billion, according to Reuters. [Built In Boston]
Digital Alloys raises $12.9M for cutting edge technology
Digital Alloys, a metal manufacturing company, just raised $12.9 million in a Series B round. By using commodity wire as raw material instead of an expensive powder, joule printing is a “radically simple, high speed process for melting wire into useful shapes that works as follows,” Digital Alloys says. Boeing HorizonX Ventures was just one company that contributed to the round, aiming to produce metal aerospace parts more efficiently with Digital Alloys technology. [TCT Magazine]
This edtech company is gaining momentum, announcing $2.3M seed round
Edmit, a Boston-based edtech company, helps students and parents during the college selection process by recommending schools based on financial status and academic information. They just raised $2.3 million in a seed round in hopes of expanding. [EdSurge]
