Boston Dynamics’ New Robot, Thrasio Got $100M, and More Boston Tech News

April 5, 2021
robot
photo: boston dynamics / facebook

Plenty of fresh funding hit the East Coast last week and several startups are making brand new moves. Catch up on last week’s developments. This is the Built In Boston weekly refresh.

HYCU pulled in $87.5MThis startup helps enterprises back up and recover their data across multiple public clouds and just closed on a huge Series A round led by Bain Capital. Having grown 450 percent over the last year, the company is now poised to continue growth with plans to increase its customer base and hire new additions to its team with 100 roles based in Boston. [Built In Boston]

Boston Dynamics announces StretchThe latest addition to the robotics company’s line-up is a machine designed to move boxes in warehouses and distribution centers. The commercial bot is called Stretch and has a bulky base for stability and an arm that spins around to maneuver boxes with minimal movement. The machine can reportedly move up to 800 boxes in an hour. [Ars Technica]

Boston Tech Quote of the Week

“It’s no secret the consulting industry is ripe for disruption. I’m most excited to see organizations lean into the freelands economy for work that would previously have been reserved for slower, more expensive, and less agile alternatives. This helps businesses deliver on their strategic initiatives much faster, and it opens opportunities for the world’s best talent to make more money as freelancers.” —Catalant CEO and co-founder Pat Petitti

Catalant secured $35MWith its talent marketplace platform that helps enterprises find expert freelancers and consulting firms, Catalant announced its latest round of funding that brings its total raised to over $100 million. It plans to scale its business in order to keep up with demand. Catalant reported significant growth lately in the freelance economy as businesses have recruited talent across the supply chain, corporate strategy and project management areas. [Built In Boston]

Tomorrow.io got $77MFreshly rebranded from its original name ClimaCell, the company closed on its Series D round led by Stonecourt Capital. Tomorrow.io specializes in weather intelligence and is planning to use its new cash to launch satellites into space that’ll improve its forecasting and monitoring capabilities. The company is also hiring for roles out of its Boston HQ. [Built In Boston]

Thrasio raised $100MWith a fresh addition to its Series C round, the company that acquires and consolidates sellers on Amazon is anticipating a public listing. Thrasio also announced the appointment of Bill Wafford as its new CFO. To date, the company has raised $1.85 billion in equity and debt funding. The announcement of this raise comes just a few months after Thrasio pulled in a $500 million debt facility. [TechCrunch]

Optimus Ride and Polarise join forcesTheir goal is to bring fully autonomous low-speed vehicles to market with Polaris’ GEMs and Optimus Ride’s autonomous tech. The vehicles are intended to provide transportation services in residential communities, corporate and academic campuses and similar spaces. [Business Wire]

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