The start of February brought new funding, new products and endless possibilities to the Boston tech scene. Keep reading to catch up on the tech news you may have missed. This is the Built In Boston Weekly Refresh.
Boston Metal raised $120M. The MIT spinout, which has developed a technology to decarbonize the emissions-heavy production of steel, will use its Series C funding to expand production at its Woburn facility. It will also build a manufacturing facility for its Brazilian subsidiary, which extracts valuable metals from mined materials that would otherwise go to waste. [Built In Boston]
BlockJoy secured $12M. The Boston-based blockchain startup is providing customers with blockchain nodes as a service, allowing customers to deploy and run blockchain nodes on any infrastructure without paying for high-cost cloud services. BlockJoy will use the recent funding to launch BlockVisor, its patented node management software. [TechCrunch]
Boston Tech Quote of the Week
“The unique value we deliver is how we can help companies bridge between business objectives and technology goals.” — Marcin Kurc, Nobl9 CEO and co-founder
Nobl9 got $15.8M. The Waltham-based company gathers metrics and observability data from more than 24 popular tools to help IT teams meet the performance and reliability standards set through their service level objectives, or SLOs. The funding includes strategic investments from ServiceNow and Cisco Investments. Nobl9 will use the fresh capital to scale its service level observability platform. [Built In Boston]
These five biggest Boston tech companies raised the largest funding rounds last month. January was a busy fundraising month for Boston’s own Asimov, Boston Metal, Osmo, Alira Health and Nano-C. These five tech companies raked in a collective $463 million for their innovations in biotech, decarbonized steel and artificial intelligence-powered scent creation. [Built In Boston]
Sense partnered with Itron. Sense is a Cambridge-based company that provides real-time insights into home energy usage. The company announced last week that it has become a distributed intelligence partner with Itron, which helps cities manage energy and water. The Sense app will now run on Itron’s smart meters and DataHub. [PR Newswire]
