A busy week in Boston yielded some big moves on the city’s tech scene. From new launches, executive changes and sizable VC rounds, read up on what’s new. This is the Built In Boston weekly refresh.
SimpliSafe got $130M. The provider of tech-enabled home security devices has grown significantly as it anticipates earning over $400 million in annual recurring revenue this year. Now with a total of $187 million in venture funding to date, SimpliSafe plans to add 100 new members to its Boston team in engineering roles for hardware, firmware, software and e-commerce. [Built In Boston]
Vicarious Surgical is going public. The robot-assisted surgery company announced it will trade on the NYSE under the symbol RBOT after merging with D8 Holdings, a special purpose acquisition company (SPAC). The company is backed by Bill Gates and the $1.1 billion deal is expected to add more than $425 million in fresh investment to its coffers. [MassDevice]
Boston Tech Quote of the Week
Legacy launched to simplify male fertility. The new Boston startup launched with $10 million in Series A funding to invest in its digital fertility clinic for men. By offering a range of services beyond those of the average fertility clinic, Legacy aims to make the process of depositing, storing and freezing sperm easy and convenient. Now, it’s planning to invest in growing its team across engineering, growth and product. [Built In Boston]
HqO pulled in $60M. Insight Partners and other investors contributed to the startup’s Series C round. HqO provides landlords with tech that helps them better communicate with their tenants for a variety of reasons. Having tripled its revenue and doubled its headcount within the past year, the company is pursuing even more growth and plans to invest the funding in scaling its business. [Built In Boston]
Cohere Health raised $36M. Aiming to transform the digital health space with its AI-powered platform, Cohere Health works to streamline the digital authorization process. With its Series B funding, the company wants to add a new functionality to its product to help physicians provide patients with digital point-of-care options. Polaris Partners led the round. [Built In Boston]
Ernst & Young launched its NCoE program in Boston. With a focus on diversity and inclusion, the accounting and consulting firm announced the launch of its Neuro-Diverse Center of Excellence, a hiring program targeting the recruitment of individuals with diverse cognitive traits like dyslexia, ADHD and autism, in its Boston office. The Boston launch marks the firm’s sixth local edition of its national program. [Built In Boston]
Mori secured $16M. Using salt, water and heat, this foodtech company has engineered a way to convert silk into a sustainable protective layer that can be applied to the surfaces of foods, as Built In reported last July. With its Series B capital led by the Drawdown Fund, Mori wants to further the commercialization of its product into new categories and expand across new geographies. [Business Wire]
Bullhorn updated its executive team. This software provider for staffing and recruitment businesses announced two new additions to its C-suite. Bullhorn appointed Matt Fischer as COO in addition to his existing role as company president. It also brought on David Whitley to be CTO. Whitley was formerly SVP of product development at Applied Systems. [Bullhorn]
