ConcertAI Gained $150M, Cloaked Raised $25M, and More Boston Tech News

Here’s what you may have missed in the world of Boston tech news.

Written by Delilah Alvarado
Published on Apr. 04, 2022
Photo: Nicholas Caiazza
Arjun and Abhijay Bhatnagar | Photo: Nicholas Caiazza

The Boston tech scene had a busy week with funding announcements, hiring initiatives and a company going public. Keep reading to find out more. This is the Built In Boston weekly refresh.

ConcertAI gained $150M. ConcertAI is now a unicorn following a Series C round that brought its valuation up to $1.9 billion. ConcertAI, formerly known as Concerto HealthAI, has expanded its focus from cancer treatments to providing SaaS data solutions for a wider array of life sciences. The funding will go toward advancing its technology and growing its team. The company currently has over 25 positions available. [Built In Boston]

Cloaked raised $25M. Cloaked creates unique identities (emails, phone numbers, etc) to “cloak” a person’s information and bypass giving personal data to companies. Cloaked raised $25 million in a Series A round led by Lux Capital and Human Capital that will be used to improve its technology, explore partnerships and expand its team. [BusinessWire]

BOSTON TECH QUOTE OF THE WEEK

“The pandemic uncovered a disproportionately negative effect on the lives of hourly employees as compared to the general public, as well as a massive talent shortage for employers. With this new round of capital, we will continue to drive breakthrough applicant flow and retention rates for QSR franchisees while investing in other initiatives that will not only benefit the QSR industry, but will be transformative across multiple industries that employ hourly workers.” – HourWork CEO and co-founder Rahkeem Morris

HourWork received $10M. HourWork gained $10 million in a preempted, oversubscribed Series A round that will go toward hiring efforts. HourWork is a recruitment company that partners with quick-serve restaurant (QSR) franchise owners, such as McDonald’s or Taco Bell, to find workers and retain employees. [Built In Boston]

Nurse-1-1 gained $2.3M. The company educates patients through its digital platform and is the first “conversational marketing company” within healthcare. Nurse-1-1 received $2.3 million in a seed funding round that will increase its go-to-market efforts, expand partnerships and add more employees to the team. [Nurse-1-1]

Starry went public. Starry, an internet service provider, announced it has gone public with its ticker symbol as “STRY.” The company discussed going public in October when the company entered a SPAC agreement with FirstMark Horizon Acquisition Corp. The company is planning to hire for 100 open roles. [Built In Boston]

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