Make it rain: 5 tech companies raised $417M in September

by Justine Hofherr
October 1, 2018

Fall brought a flurry of fundings to Boston tech, with investors funneling money into industries ranging from medtech to grocery-bagging robots. (Yes, you heard that correctly.)

Check out the top five fundings of September below, which combined for a whopping $417 million.

 

takeoff technologies
photo via shutterstock

5. Takeoff Technologies, $24M, Sept. 14

Investors: Forrestal Capital led the round.

Bio: Takeoff Technologies creates robotic systems that fulfill grocery orders in warehouses, which customers can either pick up or get delivered to their doors.

News: According to The Boston Globe, Takeoff seems likely to get its technology working in a grocery store as soon as next month.

 

mobius
photo via shutterstock

4. Mobius, $25M, Sept. 19

Investors: N/A

Bio: Medtech startup Mobius Imaging uses advanced imaging technologies to help clinicians collect high-quality images whenever they need them.

News: In April of 2018, Mobius won clearance from the FDA for its Airo Mobile CT Imaging System to be used in pediatric applications.

 

beta bionics
photo via shutterstock

3. Beta Bionics, $50M, Sept. 17

Investors: The round was led by Eventide Asset Management.

Bio: Beta Bionics uses machine learning and artificial intelligence to create a fully-integrated bionic pancreas.

News: The company’s pancreas is currently being used in clinical trials for adults and children with Type 1 diabetes.

 

wasabi
photo via shutterstock

2. Wasabi, $68M, Sept. 12

Investors: The non-traditional Series B round shirked conventional venture capital in favor of raising funds from industry veterans and family offices.

Bio: Wasabi aims to offer cloud storage faster, cheaper and more securely than anyone else.

News: The startup said the financing would be used to expand internationally, invest in its brand and, ultimately, to compete for the largest storage deals in the world.

 

indigo
photo via shutterstock

1. Indigo, $250M, Sept. 18

Investors: Existing investors Baillie Gifford, Investment Corporation of Dubai, the Alaska Permanent Fund and Flagship Pioneering participated in the round.

Bio: Indigo uses technologies like machine learning to develop products that help crops resist environmental and pest stress, all while maintaining a more natural, eco-conscious approach than traditional, harsh pesticides and fertilizers.

News: The company recently announced a new marketplace feature. Indigo Marketplace is the result of the company leveraging its technology to develop a data-driven farming platform where growers and buyers can transact with each other directly, with no cost to use the platform.

 

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