Boston tech companies were busy disrupting, innovating and raising funds for growth last week. From growing brands to reducing greenhouse gasses, these Boston tech companies are looking toward the future. Catch up on the tech news you might have missed with the Built In Boston Weekly Refresh.
Zappi gained $170M. Zappi is a market research software that uses artificial intelligence to test out a brand’s new marketing campaign or product by comparing it against 1.2 billion historical data points. The company has more than 350 clients, including PepsiCo, McDonald’s and Heineken. Zappi will use its fresh capital to expand its datasets across new markets and expand its usage of emerging technologies like AI and natural language processing. [Built In Boston]
Boston Tech Quote of the Week
“The last few years have shown that vaccines can be both scalable and cost-effective, furthering our belief that vaccines can be a critical tool when applied to the fight against climate change. With its proven scientific team and methane emissions reduction technology, we believe ArkeaBio has the potential to redefine the agriculture industry’s environmental footprint.” — Chris Rivest, a partner at Breakthrough Energy Ventures
ArkeaBio raked in $12M. The seed funding round will allow the startup to accelerate its research into vaccine technologies that could reduce methane emissions from cattle, sheep and goats. These emissions are responsible for 6 percent of global greenhouse gas emissions, which is equivalent to all emissions from passenger vehicles around the world, according to the company. The seed round was led by Bill Gates-founded Breakthrough Energy Ventures. [PR Newswire]
ProfitWheel landed $1.2M. ProfitWheel has developed a consumer intelligence platform that helps companies gain insights from their first-party data amidst changing privacy regulations. The pre-Series A round valued the company at $30 million, which is seven times the valuation it received when it raised a $3 million seed round last year. The company said it will use this funding to expand its market presence and make strategic hires in sales and customer success. [PR Newswire]
Five Boston companies were highlighted in the Built In Future 5 series. The Future 5 series shines a light on five innovative, up-and-coming Boston startups each quarter. In Q4, we showcased Divert, which is working to prevent food waste; Health Haven Rx, which provides pharmacy capabilities — including nationwide medication delivery — to healthtech platforms; Scroobious, which helps early-stage founders hone their investor pitch and connect with angel investors; Trova, which uses AI to connect co-workers with similar hobbies and interests; and Virtual Sapiens, an AI tool that helps people improve their Zoom presence. [Built In Boston]
