Love was in the air last week, and we weren’t the only ones smitten by the latest innovations coming out of the Boston tech scene. The ability to digitally engineer military technology from the virtual world inspired one prominent investor to make a grand gesture. Catch up on other Boston tech news you might have missed with the Built In Boston Weekly Refresh.
Istari raised $13M. The Cambridge startup emerged from stealth last week with machine learning technology that allows engineers to design and test physical technology in the virtual world. This reduces the time, costs and other logistical barriers of the physical world. The seed funding round garnered investment from former Google CEO Eric Schmidt and other investors. [Built In Boston]
Boston Tech Quote of the Week
“Sandbox is the best banking infrastructure startup I’ve seen in years. What Stripe did for accessibility, Sandbox is poised to do with fintech integrations. They are the ‘Glyue’ — pun intended — required to connect the banking sector to the fintech innovations required to compete over the next decade.” Patrick Gallagher, co-founder and managing partner at Tuesday Capital
Sandbox Banking gained $4.3M. Sandbox’s low-code Gylue platform allows banks and credit unions to securely integrate fintech products into their existing systems. This seed funding round led by Horizon Ventures brings the company’s total fundraising total to $6 million. The new funding will help Sandbox hire tech talent as it plans deeper integrations for more fintech solutions. [Sandbox Banking]
EarlyBird Education was featured in the Built In Future 5 series. Our series about innovative early-stage tech companies continued this week with a spotlight on EarlyBird Education, a gamified literacy assessment tool that can identify signs of dyslexia and other reading disorders in children that haven’t learned to read yet. The software has been sold to school districts in 20 states, and last year EarlyBird started selling it directly to families. [Built In Boston]
A new Boston-area headquarters was announced. Danaher, a Washington, D.C.-based conglomerate, announced last week that it would spin off its environmental and applied sciences division into a new company called Veralto. Comprised of 11 different companies that employ 16,000 people, Veralto will launch in Q4 and be headquartered in Waltham. [Built In Boston]
