Boston tech companies are hitting their 2023 stride and announcing new funding rounds, acquisition deals and leadership changes. Don’t worry if you’ve fallen behind on the latest tech news. We will get you caught up to speed with the Built In Boston Weekly Refresh.
Alira Health gained $58M. Alira Health provides strategic guidance and technology solutions for pharmaceutical, biotech and medical technology clients going through the clinical trial process. The company’s latest funding round will support its efforts to capitalize on a federal law that prevents providers and other entities from blocking patients from their own electronic health information. [Built In Boston]
Vaxess landed $10M. The Cambridge company, which is developing a shelf-stable vaccine patch, raised a $27 million Series B in November to take its product to clinical trial. The Series B deal promised the company an additional $10 million upon a successful phase I clinical trial. The company announced in December that it received positive interim results from the trial, unlocking the additional $10 million in funding. [Built In Boston]
At least eight tech companies opened Boston offices last year. With 2022 behind us, Built In took a moment to remember all of the new offices added to the local tech scene. Google, CRISPR Therapeutics and Amazon are just a few of the companies that established a Boston presence last year. In addition to the eight offices, Boston also gained at least 10 new business HQs in 2022. [Built In Boston]
Boston Tech Quote of the Week
“Duck Creek is proud to have pioneered cloud-based mission-critical systems for the P&C insurance industry to deliver a best-in-class customer experience. We are excited to enter the next chapter for Duck Creek in partnership with Vista Equity Partners to continue supporting P&C insurance carriers’ move to the cloud.” — Duck Creek CEO Michael Jackowski
Duck Creek Technologies was acquired. Duck Creek is a publicly traded company that develops cloud software solutions for property and casualty insurance companies. Vista Equity Partners plans to take the company private in a deal valued at $2.6 billion. Shareholders will be paid $19 per share, which is 46 percent higher than the stock’s closing price on the last full day of trading. [Built In Boston]
Tufin named a new CEO. Tufin, which automates network security policy management for enterprise clients, has promoted Raymond Brancato from chief revenue officer to CEO. He will be replacing Ruvi Kitov, who retired after 19 years with the company. Kitov will continue to serve on the company’s board of directors and will act as a senior advisor to Brancato during the leadership transition. [Tufin]
