Last month, the top five founding rounds for Boston tech startups totaled over $220 million in VC funding. ElevateBio took the top spot with a huge $170 million Series B. Read on for the details on March’s largest Boston funding rounds.
#5. $5 million, March 25
Its AI technology powers intelligent mobile apps. Foundry Group led the seed funding round, with participation from Inner Loop Capital and NextGen Venture Partners. The funding will help accelerate the development of certain pieces of its platform.
#4. $5.5 million, March 5
The company’s AI robots help to automate kitchen tasks like assembling poke bowls or making an ice cream sundae. It also uses real-time analytics to show what customers order the most or alert workers when an ingredient is running low. It’ll use the funds to hire new team members and bring the robot, named Alfred, to more restaurants.
#3. $10 million, March 16
The company provides risk-based vulnerability management across different apps and infrastructure. Crosslink Capital led the Series A round. Matt Bigge also joined its board of directors.
#2. $30 million, March 6
HaulHub offers a cloud-based software for the heavy construction industry. T. Rowe Price Associates and Durable Capital Partners led the Series B funding round. With the funds, the company plans to hire engineers and further innovate its platform.
#1. $170 million, March 30
The company, which launched in 2019, operates several biotech therapeutics companies. It’ll use the Series B investment to continue its cell and gene therapy research. It will also go toward continuing to build ElevateBio BaseCamp, an innovation hub for R&D.
