New innovations are coming to Boston, from virtual travel to digital therapeutics. This is the Built In Boston weekly refresh.
DataRobot is partnering up with Snowflake. After receiving an investment from its new strategic partner, DataRobot’s Series F round has grown $50 million and reached $320 million. This investment follows the company’s pre-IPO raise last month. The AI platform is working alongside Snowflake’s cloud data platform to enhance user experience via deep product integration and conjoined go-to-market strategies. To date, DataRobot’s valuation is approximately $2.8 billion. [Business Wire]
Hyundai acquired Boston Dynamics. As the result of a $1.1 billion deal, Hyundai now has an 80 percent controlling stake in the robotics company and plans to help develop its tech to build service and logistics machines. Eventually, the company anticipates building more humanoid designs. Boston Dynamics’ previous owner SoftBank will still retain a 20 percent stake in the company. [The Verge]
Veeva is growing fast and expanding its team. Veeva Systems has ranked on Fortune’s 100 Fastest Growing Companies list at No. 15. This is its fourth year on the list, and now the healthtech company is searching to increase its headcount in Boston. Veeva is on the lookout for talent in the biotech industry after previously announcing its plans to hire 200 software developers back in October. [Built In Boston]
Boston Tech Quote of the Week
Beeyonder lets users travel the world from home. Entrepreneur Brittany Palmer launched her digital trip platform with disabled individuals in mind, and anyone can use it to take virtual vacations. During a time when the COVID-19 pandemic has inhibited worldwide travel, Beeyonder is available for users to purchase and gift virtual travel experiences. [Built In Boston]
Pear Therapeutics pulled in $80M. The startup focuses on finding a way to treat addiction and insomnia using prescription digital therapeutics. Pear has three applications where patients can discuss their journeys with each other and clinicians. With the funding from its Series D led by SoftBank’s Vision Fund 2, it plans to invest in its platforms and launch them publicly. [Built In Boston]
Fairmarkit got $30M. With the new capital from its Series B led by GGV Capital and Insight Partners, the startup will continue its work toward making the procurement process easier for enterprise companies. Using AI-based software, Fairmarkit is automating vendor communications to streamline the process of companies buying the tools they need. The company is planning to double the size of its team of 60 with available positions in product development and sales. [Built In Boston]
