Circle Raised $400M, Compt Received $13M, and More Boston Tech News

Here’s what you may have missed in the world of Boston tech news
Written by Delilah Alvarado
April 18, 2022Updated: April 18, 2022
Photo: Compt/Facebook
Photo: Compt/Facebook

The Boston tech scene saw big funding rounds and other developments this week. Keep reading to find out what you might have missed. This is the Built In Boston weekly refresh.  

Circle raised $400M. Circle is the blockchain company behind the USDC stablecoin. The company does not have any specific plans for the funding, but it will help its growth. The company is also hiring for over 100 roles. [Built In Boston]

Salsify gained $200M. The Series F funding round brought Salsify into the unicorn ranks, with a $2 billion valuation. Salsify works with big brands such as Coca-Cola and L’Oréal on managing commerce experience. The funding will be invested in global expansion, the company’s technology and expanding the team. [Built In Boston] 

BOSTON TECH QUOTE OF THE WEEK

“Tive helps supply chain and logistics professionals bring their customers to the forefront and improve the experience of their deliveries. We are committed to developing products that create a seamless experience and don’t get in the way of our customer’s daily operations. With ongoing dedication from our investors, we continue to innovate and serve our customers while strengthening our position as a global provider of shipment insights that power the next generation of sustainable and efficient supply chains.” – Krenar Komoni, founder and CEO of Tive

Tive gained $45M. Tive is a supply chain tech company that allows businesses to track packages and any environmental factors that may impact the package. The Series B round will go toward increasing marketing initiatives, expanding its global presence and expanding its 24/7 supply chain monitoring technology. [Built In Boston] 

Compt received $13M.  Compt is a stipend management startup that allows companies to provides flexible benefits, such as allowing employees to use company stipends for different categories. The Series A round, led by Battery Ventures, will fuel the company’s global expansion. The company plans to double its team by the end of the year. [Built In Boston]

NODAR gained $12M. NODAR creates 3D vision cameras used in self-driving or autonomous vehicles. The Series A round, led by New Enterprise Associates (NEA), will go toward the company’s core technology, as well as its sales and marketing efforts. [VentureBeat]

NeighborSchools received $5M. NeighborSchools allows child care professionals to create micro daycare facilities at home in a shorter amount of time. The startup, which has raised $9 million to date, plans to use its recent funding to expand into two more states. [Built In Boston]

Jobcase adds to its leadership. Jobcase, an online platform dedicated to advocating for workers, has appointed a new chief technology officer. Paw Andersen brings more than two decades of experience and has worked for Metromile and Uber. [PR Newswire]

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