The Boston tech scene is primed for growth following last week’s happenings. Read on to catch up on the latest funding rounds, acquisitions and more. This is the Built In Boston weekly refresh.
Tulip pulled in $100M. Based in Somerville, the company offers a no-code solution to help manufacturers track their frontline operations and improve team productivity. After this latest round of funding led by Insight Partners, Tulip is fueling international expansion, aiming to open a new Asia-Pacific headquarters next year. It’s also adding new product features and doubling its 130-person team. [Built In Boston]
Perch plans to hire 150. To accommodate all its new team members following its hiring push, Perch is opening a new office in the Back Bay neighborhood, claiming 19,500 square feet of space in the 222 Berkeley St. building. Currently, the company that acquires third-party Amazon sellers employs 170 people all working remotely. Pending public-health trends, it’s aiming to move into its new office this fall. [Built In Boston]
Boston Tech Quote of the Week
Reify Health got $220M. Looking to bring the clinical trials process into the digital age, the unicorn launched solutions to quickly find interested patients and help them participate in relevant trials led by biopharmaceutical companies. Now, it’s investing its Coatue Management-led Series C in scaling its StudyTeam and Care Access features, as well as expanding its team in Boston and across the country. [Built In Boston]
Emeritus raised $650M. Partnering with universities to offer employees professional online courses to improve their skills, edtech platform Emeritus just closed on its latest round of funding led by SoftBank and Accel. With the capital, Emeritus is planning to invest in developing new courses, fueling acquisitions and focusing on international markets. It’s also hiring for hundreds of positions both local and abroad. [Built In Boston]
DraftKings acquired Golden Nugget. With its eye on expanding into the iGaming space, sports betting company DraftKings made its latest acquisition for $1.56 billion. Golden Nugget operates online gambling casinos, and, when combined with DraftKings’ platform, customers will be able to access new product expansions and loyalty integrations. DraftKings expects to earn $300 million in cost savings with the acquisition. [Built In Boston]
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