Spring has sprung in Boston and technological advancements are in bloom. The tech companies that raised the city’s largest venture funding rounds last month are planning big moves with the money. Read on to find out how they’re investing.
#4 (tied). $100 million, April 5
The health and nutrition company announced its official launch early last month. Hologram Sciences uses AI-powered tech to offer personalized health and nutrition for patients with diverse conditions. It secured its latest round of funding by way of Royal DSM, and it is investing the cash in launching new solutions for gut health, brain health and overall COVID-19 immunity.
#4 (tied). $100 million, April 28
Following its latest round of funding, this company with its AI platform that analyzes huge quantities of real-world data, is investing in market expansion, research and development, and increasing its headcount. Its platform has proven especially useful as of late with the substantial pile-up of delayed surgical procedures due to the onset of the pandemic. Caresyntax works to enable members of the healthcare industry to provide better service, from doctors to insurance companies.
#3. $112 million, April 29
Aiming to offer quick, affordable and secure cloud storage, Wasabi just closed on its Series C round of funding led by investor Fidelity Management & Research Company. The new capital will help Wasabi launch more data centers, adding on to the 22,000 it currently has across the U.S., Japan and Europe, as well as expand its network of resellers, tech partners and distributors. It’s also hiring for positions across a variety of teams.
#2. $130 million, April 15
Freshly equipped with new growth capital, the security company is looking to add 100 engineers to its team, specifically in hardware, firmware and e-commerce. Simplisafe provides wireless alarm systems that are simple to install without professional assistance. The company is also investing in its tech following a period of growth, and it expects to surpass $400 million in annual recurring revenue this year.
#1. $139 million, April 19
This company makes rechargeable batteries for EVs and just pulled in $139 million in Series D capital to accelerate the commercialization of its product and lead the way for Boston tech in April. SES created a Li-Metal battery that has potential to give drivers increased range at a lower cost. The round was led by General Motors, and SES also announced a joint development agreement with the company.
