The Boston tech scene was relatively quiet last week, but several companies still managed to pull in capital. These businesses now have big plans to expand and innovate. Read on to catch up on the latest. This is the Built In Boston Weekly Refresh.
Fortify raised $12.5M. Fortify offers 3D printing solutions and software. The company’s Digital Composite Manufacturing, or DCM, tool prints complex, composite materials. The funding from Lockheed Martin Ventures and RX Ventures will allow Fortify to speed up the development of its DCM platform. [AccessWire]
Boston Tech Quote of the Week
“Photonic technology has the potential to meet the demand of today’s artificial intelligence compute workloads. Lightmatter is taking a differentiated approach by using silicon photonics and bringing together a deeply technical team to further its mission.” — Erik Nordlander, a general partner at GV
Lightmatter secured $154M. Boston-based Lightmatter created a fast and efficient semiconductor chip architecture using photonic technology. With fresh Series C funding from GV, SIP Global and others, Lightmatter will expand its partnerships. [Business Wire]
These five companies pulled in the largest rounds in May. From biotech to greentech, the five largest venture capital rounds raised by Boston tech companies last month totaled $1.19 billion. Nido Biosciences, Gradiant and ElevateBio made the list, with funds going toward expanding into new markets and launching new products and medicines. [Built In Boston]
