Teikametrics Got $40M, Kitewheel Acquired, and More Boston Tech News

July 19, 2021
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photo: Teikametrics

A variety of Boston tech companies are making their own growth initiatives after pulling in fresh funding and more last week. Find out the latest news on how these startups are building out their presence. This is the Built In Boston weekly refresh.

Cybereason pulled in $275M. Working to protect organizations against sophisticated cyber attacks, this company closed on its Series F funding round led by Liberty Strategic Capital. Cybereason is investing the cash in upgrading and expanding its suite of security offerings. It’s also currently hiring for several roles across product, marketing and finance. To date, Cybereason has raised over $660 million in venture funding. [Built In Boston]

LinkSquares raised $40M. With its machine learning-based platform that captures and analyzes legal contracts, the company closed on a Series B funding round led by investor Sorenson Capital. With the fresh cash, LinkSquares is looking to fund its product. It’s also growing its headcount across its finance, engineering, marketing and product departments. [Built In Boston]

Boston Tech Quote of the Week

“There’s a whole team at CSG of experienced design consultants who go alongside this great technology to actually help customers design the right experience for their customers. This area’s relatively new for most people in the market, and so our ability to guide them through that and instill best practices and actually help them do the design pieces well is a very exciting part of the new broader solution set.” — Mark Smith, president of Kitewheel

Kitewheel acquired by CSG. Both operating within the customer journey management space, Kitewheel and CSG joined forces in an acquisition that will combine their CX technology and allow Kitewheel to enhance its solution and grow its presence. Combined under CSG, the company is conducting a hiring push across several of its teams including R&D, marketing, sales, software and product development. [Built In Boston]

Teikametrics secured $40M. Providing an optimization platform for Amazon and Walmart sellers, the company is investing in expanding its AI-based SaaS platform to offer vendors enhanced decision-making capabilities. Teikametrics’ Series B round was led by Intel Capital. [Business Wire]

Blues Wireless pulled in $22M. From high-profile investors including Bill Gates, the IoT startup closed on its Series A that was led by Sequoia Capital. Blues Wireless developed a chip that can enable connectivity to LTE and 5G cellular networks in any compatible device. The new capital allows the company to invest in hardware R&D and associated services. Blue Wireless is also hiring for positions on its marketing, sales and operations teams. [Built In Boston]

These startups could change the game for Boston tech. With their sights set on big time growth in the coming years, five early-stage Boston-based companies are hard at work innovating new solutions for a variety of industries. Featured this quarter are contract work marketplace Ajuma, financial literacy app FiVana, boutique consulting firm Smart Startup HR, EV rental company Taxie and cannabis delivery platform Zip Run. [Built In Boston]

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