With big funding rounds, a new partnership and more, find out what tech innovations are underway in Boston and which local companies are preparing to grow. This is the Built In Boston weekly refresh.
Hospital IQ raised $25M. Based in Newton, this startup provides hospitals with a platform for predictive operations and communications. Hospital IQ’s Series C raise was led by Baxter Ventures, and the company is looking to put it toward furthering its growth. It’s investing in product development, sales and marketing, client services and partnership collaborations. [FinSMEs]
Weavr partnered up with Nightingale. Weavr, a biotech company based out of Cambridge, is joining forces with Nightingale’s health data platform. Weavr supplies biofluid collection devices for diagnostic testing, The strategic partnership will allow Nightingale to globally scale its at-home testing solution and launch its commercial offering during the first half of next year. [Weavr]
Boston Tech Quote of the Week
4G Clinical secured $230M. With its platform equipped with tools for randomization and trial supply management, 4G Clinical helps biotech and pharmaceutical companies with clinical trials. Now after a year of growth, the company closed on an equity investment from Goldman Sachs that it plans to invest in meeting product demand and expanding globally. It’s also hiring for a few positions based out of Wellesley. [Built In Boston]
DataRobot pulled in $250M. Providing enterprises with its AI-based software, the company gives businesses automated insights to build predictive models based on their data. It raised its latest round of funding led by Altimeter Capital Management and Tiger Global. Its valuation before the round was $6 billion. [Axios]
Reggora hired a new exec. Having previously worked in leadership roles at Cleanshelf, Snapdocs and Flexport, Mike Phillippi is joining the Reggora team as VP of marketing. In his new role, Phillippi will be responsible for pitching Reggora to lenders and appraisal vendors and growing awareness of the company’s appraisal management platform across the industry. [Reggora]
OpenExchange raised $23M. The company’s platform allows financial institutions to put on virtual and hybrid events like meetings and conferences. Having experienced significant growth, it closed on a Series D round led by Kingfisher Investment Advisors and Stonebridge Ventures to develop its OE VIZION platform and support future acquisitions across content development, meeting logistics and more. [Built In Boston]
Workhuman brings on new CFO. The Framingham- and Dublin-headquartered company just announced Scott Dussault is joining the team as its new chief financial officer. Dussault previously served as CFO and executive vice president at Demandware, and lead that company’s IPO prior to its acquisition by Salesforce. The company achieved unicorn status last year. [Boston Business Journal]
