Fuze Pulled in $13.6M, Wasabi Got $27.5M, and More Boston Tech News

January 25, 2021
photo: fuze

New funding isn’t the only thing happening on the Boston tech scene. Read on to find out last week’s latest developments. This is the Built In Boston weekly refresh.

Cotiviti is pinpointing the next COVID hotspotsThe Waltham-based company utilizes a software tool powered by predictive analytics to determine wherein lies the highest risks for another outbreak. Cotiviti is providing its insights to the COVID-19 Healthcare Coalition, a network of approximately 200 contributors, including companies like Buoy Health and MassChallenge, that have pledged to work together to improve healthcare access amid the pandemic. [BostInno]

Devo appoints new SVP of productTed Julian now holds the position at this company that specializes in cloud-native logging and security analytics. Julian co-founded Resilient Systems, which developed the first security orchestration automation and response platform. After a 90 percent growth in revenue last year, the company anticipates furthering innovation and driving the expansion of its platform. [Devo]

Boston Tech Quote of the Week

“Fuze recently received a $13.6 million financing round from existing investors. This funding speaks to the board’s confidence in the company’s ability to drive profitable growth as one of the most comprehensive and proven solution providers in the enterprise cloud communications market.” —Fuze CEO Brian Day

Fuze raised $13.6MThe company builds cloud-based communications software for enterprise customers. The equity round comes from existing investors and brings Fuze’s total funding to $500 million. Additionally, the company made new executive hires with Edward Durkin joining as CFO and Dan MacDonnell as a senior security advisor. [Built In Boston]

MIT and Harvard researchers make robotics advancementsInnovative minds from the two institutions are putting their heads together to engineer a way for robots to respond to their environments faster. Using “robomorphic computing,” they’re building computer chips that will assist the machines with hardware acceleration, making it simpler for them to tackle motion planning. [Built In Boston]

Wasabi got $27.5MThis company provides cloud storage solutions and saw a year of notable growth having earned three times its 2019 amount in annual revenue. The debt financing round from MGG Investment Group will help Wasabi bolster its infrastructure and meet growing demand for its solutions. To date, the company’s total financing reaches about $140 million. [Yahoo News]

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