Plenty of Boston tech companies received new investments this year, but these 10 gained a total of over $1.8B in 2019. Biotech company Ginkgo Bioworks topped the list with $290M, followed closely by Toast with $250M. Read on to find our more about this year’s top funding rounds.
Top Boston Startup Funding Rounds in 2019
- Ginkgo Bioworks- $290 million
- Toast- $250 million
- DataRobot- $206 million
- Cybereason- $200 million
- Signavio- $177 million
- Desktop Metal- $160 million
- Lendbuzz- $150 million
- ezCater- $150 million
- Klaviyo- $150 million
- ClearMotion- $115 million
#10, $115 million, January 9
ClearMotion’s technology recognizes terrain changes, potholes and more and adjusts a vehicle’s suspension accordingly to create a smoother ride. Franklin Templeton Investments led the funding round, which will help expand ClearMotion’s data science program.
#7 (tied), $150 million, April 8
Klaviyo offers an email marketing solution that features in-house data storage. The Series B funding round came entirely from the venture capital firm Summit Partners. The company used the funds to further fuel its growth.
#7 (tied), $150 million, April 1
Appetite for business catering continues to grow. Lightspeed Venture Partners and GIC led the Series D round for ezCater. It brought the company’s total funding to $320M.
#7 (tied), $150 million, July 15
This car financing platform specifically tries to help people with limited U.S. credit history. Its algorithm takes a look at other traits, like savings, employment and education to determine whether or not to offer a loan. 83North led the equity funding round.
#6, $160 million, January 28
The metal 3D printing company, founded in 2015, wants to transform engineering and manufacturing. Koch Industries led the round, which brought Desktop Metal’s total raised to nearly half a billion dollars. The funding went toward expanding the adoption of both its DM Studio System and its Production System.
#5, $177 million, July 11
Signavio’s software suite helps users collaborate and monitor business processes. It’s used by businesses like SAP, Deloitte and Liberty Mutual. The company is planning to invest in its software to grow its customer base.
#4, $200 million, August 6
Founded in 2012 by veterans of the Israeli military’s cybersecurity unit, Cybereason uses machine learning and behavioral analytics to identify attacks of all sizes. The funding from SoftBank Group allows the company to grow its presence globally and add new products to the platform. Cybereason boast a total of $400M in funds.
#3, $206 million, September 17
DataRobot’s software platform allows companies to create AI and machine learning models that help cut costs or boost revenues. The Series E funding, led by Sapphire Ventures, brings its total raised to $431M. Other investors include Tiger Global Management, World Innovation Lab and Intel Capital.
#2, $250 million, March 29
Toast’s restaurant management technology platform combines front-of-house, back-of-house and guest-facing tech. TCV and Tiger Global Management led the Series E round, which brought its total funding to $499M. Toats’s current focus is on expanding its global footprint.
#1, $290 million, September 19
Topping the list, this biotech unicorn uses synthetic biology to solve problems across the healthcare industry and beyond. The company is now valued at $4B after the Series E funding round. All of the company’s existing investors participated in last year’s round, including MassChallenge, General Atlantic and Bill Gates.
