Boston biotech is bustling after another successful week of funding, and other industries from cloud services to manufacturing are following suit with rounds of their own. Chech out which local companies are growing with the Built In Boston Weekly Refresh.
Cork raised $6M. Newly launched company Cork serves provides cyber warranty solutions to managed service providers and the software tools they operate. Its platform grants them coverage and settlements following security incidents. Cork raised seed funding from lead investor DVx Ventures to facilitate its launch. [Business Wire]
Connectbase acquired LastMileXchange. Connectbase operates a cloud platform that enables the buying and selling of connectivity. The Boston company acquired London-based LastMileXchange, a provider of cloud-based access pricing tools. The deal expands the reach of Connectbase’s API ecosystem globally. [PR Newswire]
Boston Tech Quote of the Week
“Ensoma is creating a new generation of smart immune cell medicines by harnessing the concerted power of multiple immune cell types. There are millions of patients that need better answers. With this financing, we are well positioned to bring our breakthrough therapies to the clinic.” — Emile Nuwaysir, Ph.D. Ensoma CEO
Ensoma raised $50M. Biotech company Ensoma’s genome engineering solution works to reprogram human immune and stem cells to ultimately create medicines. The company announced Series B funding from investors including Kite and Bioluminescence Ventures that brings its total funding to $135 million. The capital will help advance Ensoma’s cell therapy platform and genomic medicine pipeline. [Business Wire]
Alloy Enterprises got $26M. An oversubscribed Series A round led by Piva Capital brings Alloy’s total funding to $37M. The aluminum parts manufacturer works to streamline the production of these materials at scale using a cost-effective method. Its new capital will go toward ramping up production, furthering its software suite and adding automation capabilities to its process. [PR Newswire]
