Boston’s tech community has been hard at work reaching billion-dollar valuations, undergoing an acquisition and raising record-breaking venture capital rounds. Catch up on the news you may have missed. This is the Built In Boston Weekly Refresh.
VulcanForms became a unicorn. MIT-born VulcanForms, an additive manufacturing (3D-printing) and assembly company, raised $335 million in funding from Eclipse Ventures, Boston Seed Capital and others. The company’s latest raise brings its valuation to over $1 billion. With the raise, VulcanForms is opening two new manufacturing facilities in Devens and Newburyport. [Business Wire]
June’s top five funding rounds topped $1.1B. Despite a slowdown in venture capital funding, Boston startups are still raking in dough. These five local startups pulled in over $1.1 billion combined, which is almost three times as much as the largest funding rounds raised in May. Most of the capital raised was put toward energy and agtech companies. [Built In Boston]
Tech Quote Of The Week
The Federal Reserve Bank of Boston appointed a new CEO. Susan M. Collins, an international macroeconomist, was appointed CEO of the Federal Reserve Bank of Boston last week. Collins is the second woman and first person of color to hold the position. The historic appointment is accompanied by Collins’ extensive experience as a provost, dean, professor, research scholar and board member at a variety of universities and organizations. [Federal Reserve Bank of Boston]
Built In Boston released its Future 5 roundup. Each quarter, Built In Boston does a deep-dive feature into five emerging startups working on the future of tech innovation. The Future 5 roundup honors starry-eyed startups who have yet to raise a Series A round and are working to reach (or surpass) the success of Boston-based startups who’ve come before them. [Built In Boston]
GlideFast was acquired by ASGN. GlideFast, a cloud computing and consulting company, was acquired by ASGN, an IT services company, for $350 million. The acquisition closed last Thursday. According to ASGN, the acquisition and incorporation of GlideFast’s 2022 revenue brings ASGN’s valuation to $190 billion. [BostInno]
