From robotics to cybersecurity, Boston tech innovators have been busy with modern solutions. Check out what digital developments are coming to the East Coast. This is the Built In Boston Weekly Refresh.
Cybereason pulled in $100M. The cybersecurity company works to help enterprises protect their data environments against malware and other risks and supports real-time response if a threat occurs. Backed with fresh capital, Cybereason plans to enhance its software offering and support global growth. Additionally, Cybereason welcomed Eric Gan from SoftBank as its new CEO. [Security Week]
These Boston companies raised VC funding in March. Spanning industries like healthcare, sustainability and autonomy, five Boston-based tech companies secured last month’s largest venture capital sums. Totaling $284.3 million, these companies are enhancing their products, and one is growing its team. [Built In Boston]
Boston Tech Quote of the Week
“Newforma is a great example of the power of industry-specific software to solve specific business problems — in this case, helping engineers, architects and others in the construction industry do their jobs better and more efficiently. We’re very bullish on this vertical and have made other investments … in the construction sector and the trades.” — Michael Brown, Battery Ventures partner and former Newforma board member
Newforma got acquired by Ethos Capital. Newforma, which develops project information management software, was acquired by private equity firm Ethos Capital. Backed by Battery Ventures, Newforma’s tech helps construction-related companies communicate and manage files more efficiently, in addition to other tasks. The financial terms of the deal were not disclosed. [Business Wire]
MIT developed a four-legged bot. Developed at the Massachusetts Institute of Technology, Dribblebot is a quadrupedal robot capable of dribbling a soccer ball on various surfaces. The application for the technology extends beyond sports, and this kind of bot could potentially be useful for traversing uneven terrains that wheeled robots cannot handle. [TechCrunch]
