These 6 Boston Tech Companies Raised $462M Total in June

July 1, 2020
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In June, the top six Boston funding rounds from tech companies raised a total of $462 million. The No. 1 spot went to Duck Creek with its massive $230 million round. Read below to get the details on each top funding from the past month.

 

#5 (tied). $40 million, June 23

The data governance company helps companies automate data access control, security and privacy compliance. New investor Intel Capital led the Series C. It’ll use the funds to accelerate its platform development and expand its presence.

 

#5 (tied). $40 million, June 2

It created a fleet of autonomous robots for warehouses. The company plans to use the Series D to add new features to its robots and to invest in strategic reseller partnerships. It told Built In that its revenue is up 300 percent year-over-year so far.

 

#4. $42 million, June 16

The open source data analytics company has an SQL query engine called Presto at its center. This Series B is its second funding in six months, and brought its total capital raised to $64 million. It plans to scale and expand internationally with the infusion of cash.

 

#3. $50 million, June 9

The database security startup helps companies address security and compliance needs efficiently, in a low-cost way. Goldman Sachs provided the investment. It’ll use the new funding to grow its platform.

 

#2. $60 million, June 9

It offers a care collaboration and e-notifications platform. Andreessen Horowitz, F-Prime Capital, GV and Transformation Capital led the Series C round. This brought PatientPing’s total funding to over $100 million.

 

$1. $230 million, June 10

At the top of the list with a giant funding round is Duck Creek, which provides SaaS solutions to the property and casualty insurance industry. Kayne Anderson Rudnick Investment Management and Whale Rock Capital Management led the investment. It’ll use it to invest in business growth.

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