MachineMetrics Got $20M, Ohza Raised $4M, and More Boston Tech News

June 21, 2021
photo: MachineMetrics / Facebook

With new funding on the Boston tech scene, read on to find out how companies are breaking ground in their respective industries from cybersecurity to plant-based food. This is the Built In Boston weekly refresh.

Immersive Labs got $75MAmid continuing occurrences of cyberattacks, companies in the cybersecurity space have seen plenty of recent growth. One of them is Immersive Labs, which focuses on teaching cybersecurity skills to corporate employees. With its fresh installment of Series C funding, the company is planning to further its platform that uses relevant data insights to train its users. [Built In Boston]

MachineMetrics raised $20MThe company offers an autonomous machine data platform that helps factory workers gain actionable insights to improve machine utilization and increase production without having to add more machines. With its Series B capital led by Teradyne, MachineMetrics is looking to scale its platform globally. [MachineMetrics]

Boston Tech Quote of the Week

“Plant-based foods have the potential to drive a more sustainable future, but that doesn’t matter unless people actually eat them. Industry leaders are recognizing that, in order to unlock the next stage of growth, we need to invest in understanding the fundamental science behind the taste and texture of plant-based foods.” —Michele Fite, Motif Foodworks’ chief commercial officer

Motif Foodworks pulled in $226MWorking in the plant-based food space, the company secured a hefty Series B round to fuel the development and commercialization of its meat and dairy alternatives. In this fast-growing market, Motif is fueling its own growth and plans to add 50 new members to its team by the end of the year. Ontario Teachers’ Pension Plan Board and BlackRock co-led the round, bringing the startup’s total raised amount to $345 million. [Built In Boston]

Ohza secured $4MCircleUp Growth Partners led the latest financing round for this startup that specializes in ready-to-drink cocktails. Ohza uses sparkling wine and juice to mix low-calorie beverages. As its product is currently available in 42 states, the fresh capital will enable the startup to expand its operations and its business reach. [FinSMEs]

Form Health got $12MThis telehealth startup connects patients with obesity to certified physicians and dietitians for treatments using physical activity, behavioral science and medication. With its Series A round led by M13, Form Health plans to expand its medical weight loss product offering across the country for patients without access to regional obesity specialists in their areas. [Built In Boston]

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