Snyk raises $22M to detect security vulnerabilities
Snyk, a U.K.-based company with offices in Boston, raised $22 million to detect vulnerabilities in source code — a growing demand among companies looking to boost their cybersecurity efforts. Accel led the round, in which GV and previous investors Boldstart Ventures and Heavybit also participated. Snyk has grown its clientele to 200 enterprises, including Digital Ocean and ASOS. [TechCrunch]
Takeoff Technologies raises $24M for grocery fulfillment
Takeoff Technologies wants to transform grocery stores with robots, and they just raised $24 million to keep iterating on that mission. The Waltham-based startup creates robotic systems that fulfill grocery orders in warehouses, which customers can either pick up or get delivered to their doors. The company hopes that by cutting out real estate and human labor costs, they can make groceries cheaper. Forrestal Capital led the round. [Xconomy]
Edge Intelligence secures $3 million in seed funding
London-based venture capital firm Talis Capital invested $3 million in Boston’s Edge Intelligence, a company that has developed a distributed analytics platform built for edge computing and hybrid cloud environments. Edge’s product helps enterprises and governments store, analyze and process all types of data across geographies, without physically moving anything. Edge Intelligence will use the funds to build out its sales and marketing teams, as well as expanding its product portfolio. [Business Wire]
Lionano raises $22M Series B round for battery storage tech
Who doesn’t love a long battery life? Lionano, a Woburn-based maker of advanced battery storage technologies, raised $22 million in funding from WAVE Equity Partners, Helios Capital Ventures and NXT Ventures. Lionano will use the funds to ramp up commercial production of its technology, which improves the performance of the lithium-ion batteries often used in electric vehicles and consumer electronics. [Associated Press]
Nudge.ai ranks most connected tech companies in Boston
Nudge.ai, a Toronto-based startup that uses artificial intelligence to help sales teams build relationships and grow sales, released a ranking of what they consider the 100 most-connected tech companies in Boston this week. The ranking was based on how many business relationships their employees have and how strong those relationships are. The list featured brands like HubSpot, Wayfair, Fuze and more. [Nudge]
HqO raises $6M in funding to scale tenant experience software
HqO, which creates tenant experience software for commercial real estate, announced that it has raised $6.6 million in funding led by Accomplice. Using HqO, which integrates with existing building systems, landlords of commercial properties can easily manage tasks such as messaging tenants about interest-based events and parties, connecting tenants to building and garage entry, conference room booking, and more. They can even conduct polls to gauge tenant satisfaction. The company said will use the seed round of funding to accelerate sales, marketing, product development, as well as to make hires in multiple roles across all departments of the business. The HqO platform is currently being used at properties owned by property owners like DivcoWest, Jamestown, National Development, Boylston Properties and Bulfinch Companies. [Email]
