While some Boston tech startups raised new funding, others made different moves to fuel company growth. Catch up on the tech developments you might have missed. This is the Built In Boston weekly refresh.
Transmit Security raised $543M. With its biometric-based authenticator BindID, the cybersecurity unicorn helps customers navigate their sites without the use of passwords. It announced the close of its latest funding round, reportedly the largest Series A ever for a cybersecurity company, led by Insight Partners and General Atlantic. With the capital, it’s planning to expand globally and increase its headcount. [Built In Boston]
Boston Dynamics was acquired by Hyundai. Developer of agile, mobile robots, Boston Dynamics is joining the ranks of South Korean automobile manufacturer Hyundai Motor Group. In addition to helping Hyundai expand its product offerings, the transaction will enable both companies to leverage each other’s strengths across manufacturing, logistics, construction and automation. For the time being, Boston Dynamics is hiring for several Waltham-based roles. [Built In Boston]
Boston Tech Quote of the Week
NuvoAir secured $12M. Helping those with respiratory illnesses manage their health, the company has seen increased demand for its tech solution that allows doctors to remotely monitor their patients’ health in real time. The Series A was led by AlbionVC, and will be used to expand its services and create new products. [Built In Boston]
Vicarious Surgical expands its HQ. With its new presence in Waltham, the medical robotics company is planning to onboard 250 new team members in the Boston area. Its headquarters will span 42,000 square feet at 78 Fourth Avenue, and it will include space for a full-scale operating room for robotics testing and R&D. [Business Wire]
Electric Hydrogen got $24M. The startup is working on a way to use low-cost renewable electricity to produce clean hydrogen gas and decarbonize pollution areas. With its Series A funding led by Breakthrough Energy Ventures, the company will invest in product development as it works to expand its operations in Boston and San Francisco. [PR Newswire]
Electra Vehicles pulled in $3.6M. With funding from an oversubscribed seed round co-led by LIFTT S.p.A and BlackBerry Limited, the company is planning to invest in its AI-powered solution that optimizes the performance of battery systems in electric vehicles. Part of the funding will be used to expand its Boston headquarters and open a new office in Italy. [PR Newswire]
LendBuzz got $360M. This new capital is a combination of $300 million in debt funding and a $60 million Series C round led by Wellington Management. The debt financing was led by Goldman Sachs. Lendbuzz is planning to fuel a national expansion as it works to help individuals with little to no credit history finance a car via its end-to-end loan origination and servicing platform. [PRWeb]
