Tech companies are hard at work developing new ways to make our lives easier, safer and healthier. Startups in Boston are aiming to do just that, from pet healthcare to cybersecurity, and bringing in fresh venture capital to fuel these ambitions. Read on to see which Boston companies pulled in the largest funding rounds last month.
#5. $55 million, July 7
This company’s cloud-based platform helps enterprises move their apps to the cloud, speeds up their cloud environments and reinforces their application stacks. Silk announced the close on an oversubscribed $55 million Series B round led by S Capital that it plans to put toward accelerating its sales and marketing efforts and expanding its engineering team.
#4. $75 million, July 26
Keeping furry family members in mind, this startup offers canine DNA testing kits, compatible with 350 dog breeds and able to determine over 200 genetic health risks. The company is fueling hiring and product development with its fresh capital. It’s looking to onboard an additional 150 people with roles already available across product, engineering, operations and marketing. SoftBank Vision Fund II led Embark’s Series B round.
#3. $85 million, July 16
The company partners with providers, medical societies, payers and manufacturers to form AI-powered data networks that help clinicians develop products and treatments. With $85 million in funding co-led by Kaiser Permanente, D1 Capital Partners and Breyer Capital, OM1 is looking to expand its networks into chronic disease areas like rheumatology and behavioral health, as well as enhance its AI analytics solutions.
#2. $275 million, July 14
Taking an operations-centric approach to cybersecurity, this company works to protect enterprises against attacks by exposing and ending malicious operations. Cybereason’s latest round of funding was led by Liberty Strategic Capital, a VC firm founded by former U.S. Treasury Secretary Steven Mnuchin. To date, Cybereason has pulled in $660 million in total funding. It’s currently hiring across its product, marketing and finance departments.
#1. $300 million, July 27
With its AI-powered enterprise software, DataRobot automates the process of building, deploying and managing machine learning models to help companies drive better insights from all their data. After this Series G round led by Altimeter Capital and Tiger Global, the next item on the unicorn’s agenda is growing its go-to-market team. It’s also conducting a hiring push with 150 positions currently listed across the country, and 50 are based out of Boston.
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