Weekly Refresh: Ginkgo Hits $4B and Robots Come to Grocery Stores

Written by Tatum Hunter
Published on Sep. 23, 2019
Weekly Refresh: Ginkgo Hits $4B and Robots Come to Grocery Stores
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Unicorn biotech startup Ginkgo Bioworks is now valued at $4 billion. The company raised an addition $290 million this week for its work re-writing the genetic code in microbes to change their behavior. (Spoiler alert: microbes may be capable of way more than you think.) [Built In Boston]

DataRobot raised $206 million to continue international expansion. Lots of companies claim to drive value with AI. DataRobot focuses on building AI models companies can actually implement successfully, as EVP of business development Seann Gardiner told Built In. [Built In Boston]

UptimeHealth saves time and money for healthcare providers. Built In took a close look at a Boston startup that connects doctors, dentists, opthamologists and more with the biomedical repair technicians they need to fix their devices. [Built In Boston]

Takeoff Technologies raised $25 million to build more hyperlocal e-grocery fulfillment centers. Your local grocery store may soon count helpful robots among its staff. [Built In Boston]

A Harvard-born quantum computing platform came out of stealth. Aliro is trying to speed quantum adoption by offering a platform that optimizes developers' code for quantum machines — and even recommends the best hardware configurations. [Built In Boston]

128 Technology raised $30 million in Series D funding. The Burlington-based company delivers high-performance routed networks to enterprises and service providers. It will use the funding to fuel customer acquisition worldwide. [Press release]

Encryption-software startup PreVeil raised $7 million. The round was led by Presidio Ventures, the investment arm of Japanese trading company Sumitomo Corp. Its next move may target the Japanese market, Boston Business Journal reported. [Boston Business Journal]

Dawn foods is opening a “Digital Innovation Hub” in Boston. The Michigan-based bakery manufacturer and ingredients supplier wants to develop digital tools that will let bakers manage their inventories and shipments around the clock. It is hiring a team of ten in Boston. [Press release]

EditShare appointed Stuart McGeechan as VP of customer success. EditShare makes shared storage and workflow solutions for media companies. McGeechan brings more than 35 years of experience with names like Cisco and NDS Group. [Company statement]

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