The Boston tech scene is lively with new updates from a range of companies. With a new acquisition, fresh venture funding and more, find out how companies in this portside city are fueling growth. This is the Built In Boston weekly refresh.
MineralTree will join Global Payments. With a solution that supplies businesses of all sizes with a complete commerce ecosystem, Global Payments is acquiring Waltham-based MineralTree and its B2B payments and AP process automation platform. MineralTree’s cloud-native tech will allow Atlanta-based Global Payments to expand its services to more markets and create new virtual networks for its customers. The $500 million deal is expected to close in Q4 this year. [Built In Boston]
YourBio Health raised $21M. The company enables customers to collect a blood sample and securely receive their health results online from the convenience of their home. YourBio Health closed on its latest funding round led by Flagship Pioneering, and, with it, the startup plans to accelerate growth and fuel future product launches. [FinSMEs]
Boston tech quote of the week
Neuroglee pulled in $10M. Offering patients digital therapeutics and virtual care solutions to help treat their neurodegenerative diseases, the startup closed on a Series A round led by Openspace Ventures and EDBI to build out its platform. Neuroglee is investing in advancing its product pipeline, launching a new product, expanding into Boston with a new HQ and hiring new talent across its engineering, clinical and commercial departments. [Built In Boston]
Snyk got $530M. The cybersecurity unicorn now boasts an $8.5 billion valuation following its Series F funding round that caps off a period of recent growth. Snyk grew its ARR by 154 percent and hired 320 new employees so far this year. With its latest injection of capital, it’s planning to continue that growth momentum by developing more products and reaching a headcount of 800 by year’s end. Snyk is currently hiring across operations, customer success, engineering, sales and product. [Built In Boston]
Onapsis hired a new COO. Operating a platform that provides enterprises with visibility into business-critical systems, the cybersecurity company announced the appointment of Rick Hanson as its new chief operating officer. Having previously served as CRO at Brightcove, Hanson will take on responsibility for leading and scaling Onapsis’ global go-to-market functions. [Onapsis]
