Boston’s 5 Largest Tech Funding Rounds Totaled $263M in June

Learn how the companies that raised June’s top funding rounds are investing their fresh capital.
Written by Ashley Bowden
July 3, 2023Updated: July 3, 2023
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Photo: Shutterstock

Boston-based technologists are developing innovations for our world and beyond. Last month’s largest funding rounds went to startups working to streamline healthcare, build satellite constellations and more. Read on to find out how local tech companies are growing with a collective $263 million in fresh capital. 

Boston’s Top Tech Funding Rounds, June 2023

  1. Author Health
  2. Tommorrow.io
  3. CloudZero
  4. Luminopia
  5. Laudio

 

#5. $13 million, June 8

Coming off a year of 100 percent overall growth in 2022, Laudio announced a round of funding led by Define Ventures. Laudio offers management software for the healthcare space, providing frontline leaders with tools to help manage their employees, simplify workflows and reduce risk of turnover. This money will help further the action-orientation of its platform, as well as scale growth and product development.

 

#4. $16 million, June 27 

Headquartered in Cambridge, Luminopia is a digital therapeutics company developing treatments for children with amblyopia, or “lazy eye,” a common cause of vision loss in kids. With the help of its oversubscribed Series A funding round, Luminopia plans to fuel the commercial rollout of its FDA-approved, software-based therapeutic later this year. 

 

#3. $32 million, June 12 

CloudZero helps companies understand and manage how much they spend on cloud applications. The company’s Series B round comes on the heels of a year of triple-digit growth, and will be used to further its momentum by expanding its cloud cost intelligence platform.

 

#2. $87 million, June 14 

Series E funding for weather intelligence company Tomorrow.io will help to accelerate the completion of a full constellation of radar-equipped satellites and microwave sounders. Alongside its funding round, led by Activate Capital, Tomorrow.io announced the launch of its second satellite. Through its tech, the company works to help individuals, businesses and government entities solve weather and climate-related challenges. 

 

#1. $115 million, June 28 

The digital health company strives to serve Medicare members who are diagnosed with severe mental health conditions or substance use disorders. The platform raised $115 million ahead of the initial launch of its technology. Working with Humana, Author Health’s services will be available at the CenterWell Senior Primary Care in South Florida.

 

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