Investors are in the gifting spirit this holiday season, and tech companies are making new developments across multiple industries. Read on to learn more. This is the Built In Boston weekly refresh.
Indico pulled in $22M. The startup that helps companies automate document-heavy workloads just closed on its Series B round to help grow its footprint, enhance its product and increase its team. Its platform uses AI and machine learning to help users analyze data faster. Indico is currently hiring with available positions in sales, marketing, finance and engineering. The round was led by Jump Capital and Sandbox Ventures. [Built In Boston]
Tive got $12M. As it works toward developing ways to ensure sensitive or perishable items are shipped out in the proper conditions, the startup closed on a Series A round led by RRE Ventures to help make this possible. Tive provides companies with a tracking device that relays specific information regarding a shipment’s current environment such as temperature, light exposure and humidity. [TechCrunch]
Boston Tech Quote of the Week
ChaosSearch raised $40M. With the funds from its Series B led by Stripes and Moore Strategic Ventures, the data analytics startup plans to further development on its platform. The startup provides a scalable solution that helps companies search for and use the data stored in the cloud without altering the tools they already have in place. The company has plans to expand its global reach and its headcount. [Built In Boston]
Verily pulled in $700M. Having closed on a funding round led by parent company Alphabet, Silver Lake and Temasek, the life sciences research organization plans to expand its commercial businesses. Verily focuses on integrating data and technology into the healthcare industry, and has also developed a COVID-19 test that’s been authorized for emergency use. The South San Francisco-headquartered company is now hiring for many Boston-based roles. [Reuters]
SimpliSafe sweater is festive and has a purpose. With SimpliSafe’s new next-generation festive sweater, more than the halls will be decked out with lights. Its “social distancing sweater” sets off colorful lights and an alarm whenever anyone steps within six feet of the wearer. [BizJournals]
