MIT Gave $2M to Indigenous Founders, Dimagi Got $25M, and More Boston Tech News
Fall officially began last week, and with the cooler temperatures also came some exciting news out of the Boston tech scene. Mission-driven companies receiving funds were a theme last week, from Indigenous founders getting grants from MIT to a the launch of new robo-investing app hoping to close the racial wealth gap. Here’s what you missed last week in the Boston tech scene. This is the Built In Boston Weekly Refresh.
Dimagi received $25M from Steele Foundation for Hope. The company’s open-source CommCare helps organizations build job-aid mobile applications for frontline healthcare workers in under-resourced communities. Dimagi plans to use its new funds for its five-year strategy of research, development and diversification of the next generation of its platform. [PR Newswire]
Stackwell released its robo-investing app. The digital investment platform is focused on eliminating the racial wealth gap by promoting accessibility, education and support to encourage the Black community to invest and build sustainable wealth. The app allows users to automate investment portfolios and learn from in-app content about how to build financial security. [PR Newswire]
Boston Tech Quote of the Week
MIT’s Solve awarded $2M to Solver teams and Indigenous Communities Fellows. The new class of 40 organizations were chosen for their dedication to solving global challenges and making positive changes in their communities. The several smaller grants that make up the $2 million will be used to help scale fellows’ work and impact. [Built In Boston]
Mabl joined Google Cloud Marketplace. The company’s test automation platform makes it easy to create reliable end-to-end tests for functional UI and API development. For the first time, the platform is available on the Google Cloud Marketplace. [Mabl]
Satellite IM launched its decentralized peer-to-peer communications platform. The application is a Web3 native social network that gives users full autonomy over their data while allowing them to chat on a secure, serverless environment. The platform is designed to be an alternative to mainstream messaging platforms that typically maintain ownership of user data. [Business Wire]