Corvus Got $15M, Perch Raised $775M, and More Boston Tech News

June 1, 2021
insurance
photo: corvus insurance

Industries across the board saw new developments last week with the latest news from these Boston tech startups. Read on to find out how they’re investing their fresh VC funding. This is the Built In Boston weekly refresh.

Stavvy raised $40MProviding services like remote signatures and video conferencing, this startup helps homeowners and homebuyers complete remote mortgage closings. Freshly outfitted with Series A funding led by Morningside Technology Ventures, the company is powering a hiring push with several tech positions currently available. [Built In Boston]

Perch got $775MThe company works to acquire and grow third-party Amazon sellers. SoftBank Vision Fund 2 led the round that bring’s Perch’s total funding to $900 million and values it at over $1 billion. The new unicorn has acquired 70 brands to date, and now it’s looking to invest in its platform and create a seamless integration process for brands and merchants. [Reuters]

Boston Tech Quote of the Week

“[W]e are leading the pack to define what the next 100 years of aerospace looks like. I’m sitting out here in the middle of the Mojave Desert after showing a customer an aircraft that was able to fly all on its own. When we certify the technology and when we continue to bring it to market, it will fundamentally change the way the world works.” —Merlin Labs co-founder and CEO Matt George

Merlin Labs secured $25MThe company develops tech to power autonomous aircraft, and it just launched out of stealth with funding from investors like First Round Capital and GV. It also announced a partnership with Dynamic Aviation to build 55 cargo vehicles. Looking ahead, Merlin Labs is currently working on getting certification from the U.S. Federal Aviation Administration with an eye on providing commercial services. [Built In Boston]

Uptycs pulled in $50MProviding endpoint and cloud security analytics from a centralized dashboard, the company is growing and investing in its tech. Its services span extended detection and response, cloud workload protection and more. Last week, Uptycs announced the close of its Norwest Venture Partners-led Series C. The cybersecurity startup is now valued at $93 million. [VentureBeat]

Corvus Insurance raised $15MThe company uses AI-driven risk data to better predict and prevent loss for brokers, policyholders and the like. With the addition to its $100 million Series C round, Corvus is aiming to expand its products and capabilities. Investors FinTLV and Aquiline Technology Growth led the round. [Business Wire]

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