Several new moves happened on the Boston tech front last week, from a new executive appointment to a significant funding raise for a cloud software specialist. Check out the latest with the Built In Boston Weekly Refresh.
CloudZero secured $32M. CloudZero helps businesses build cost-efficient software solutions with its cloud cost intelligence platform. The company plans to expand its platform features, advance its enterprise functionality and increase its headcount with its Series B funding round from lead investors Innovius Capital and Threshold Ventures. [PR Newswire]
Boston Tech Quote of the Week
“Specter Aerospace is revolutionizing engine efficiency, stability, and power while decreasing environmental impact and cost. Our rigorously tested plasma-assisted combustion technology has already shown that our defense customers can go farther and faster on less fuel and thanks to these crucial investments and with existing contracts with the DoD, we expect to fly our first hypersonic demonstrator within two years.” — Felipe Gomez del Campo, CEO of Specter Aerospace
Specter Aerospace pulled in $9.5M. The defense contractor works to enhance engine operations and performance using plasma-assisted combustion and hypersonic propulsion technology. Specter secured funding from the U.S. Department of Defense, CS Ventures and Mandala Ventures to develop and implement its tech in both new and existing engines. [PR Newswire]
Starry appointed a new CEO. Starry, an internet provider, announced the appointment of a new CEO, effective immediately. The company’s former COO, Alex Moulle-Berteaux, will take over the mantle of former CEO Chet Kanojia. Following the succession, Kanojia, Starry’s founder, will serve on the company’s board. [Boston Business Journal]
