With a new acquisition, fresh funding and more on the Boston tech scene, these portside companies are fueling huge growth. Read on for the latest. This is the Built In Boston weekly refresh.
Toast is going public. Offering restaurants a slew of solutions to help manage their business, from front-of-house guest experience to online orders, Toast’s product has been used by over 48,000 businesses and is valued at over $71 billion. The company announced its IPO underwriters including Goldman Sachs, Morgan Stanley and J.P. Morgan. As it continues to grow, Toast currently lists available positions across 250 roles. [Built In Boston]
Spyce to be acquired by sweetgreen. Boston-based Spyce operates robotic kitchens that automatically prepare and package salads and grain bowls. sweetgreen is likely planning to implement Spyce’s tech in its 130 restaurants across the country as the acquisition will enable it to provide its employees with more time to spend on higher-level tasks and customer service. [Built In Boston]
Boston Tech Quote of the Week
Armored Things secured $12M. Its crowd management software is equipped with sensors and AI that work to detect security threats, overcrowding and more. As concerns surrounding the ongoing pandemic increase with the delta variant, Armored Things is investing its Series A funding round in furthering its platform and expanding its team. Nimble Ventures led the round. [Built In Boston]
Overjet got $27M. Helping dentists improve patient care with its AI-powered platform, Overjet closed on a Series A funding round led by General Catalyst and Insight Partners. With the money, it wants to accelerate market adoption and launch new products. To date, the startup has raised a total of $35 million in venture funding. [FinSMEs]
CapShift raised $5M. The company provides users with an impact investing platform that helps push philanthropic and financial institutions to put capital toward social and environmental change. Its new funding from investors like Bain Capital Europe, Aperio and Addepar enables CapShift to expand its tech, research database and advisory capabilities. [PR Newswire]
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