Fall is in the air and funding is heating up for Boston’s tech ecosystem. With over $120 million for October’s top tech funding, the city scored some big wins in industries like cybersecurity and adtech. Healthtech was a major winner, with two of the top five funding rounds going to healthcare-related startups. Here are the companies with the highest rounds in October.
1. Iora Health, $75M, October 13
Investors: Led by Temasek, an investment firm owned by Singapore's government
Bio: Iora is a private healthcare startup hoping to reinvent healthcare by helping patients manage their health and navigate a complex system.
News: Iora will be using the funding to expand their primary care offerings around the country, said CEO and founder Rushika Fernandopulle. Currently the company has 34 primary care practices in 11 U.S. markets that help patients manage their health and wellness. Read more here.
5. TVision Insights Inc., $6.3M, October 3
Investors: Cambridge's Accomplice, Golden Venture Partners, Jump Capital, ITOCHU Technology Ventures and Project 11 Ventures
Bio: TVision is an MIT-born startup that measures “eyes on screens” for television advertising and programming.
News: TVision currently has 19 employees between offices in Boston, New York and Tokyo, and plans on adding at least 10 more by next summer. The company thinks it has only “scratched the surface” of what it can do with its TV-watching data. Read more here.
4. Cybric, $6.3M, October 6 (tied with TVision)
Investors: Capstone Ventures and Petrillo Capital
Bio: The Boston-based cybersecurity firm provides organizations with an automated, continuous Security-as-a-Service (SaaS) platform that scans networks for threats and automatically remediates attacks.
News: Ernesto DiGiambattista, CEO and founder of Cybric, said that it would use the new funding to launch a fully developed SaaS platform solution to the global marketplace. The company is gearing up to release the product for general availability at the end of 2016. Read more here.
3. Ovia Health, $10M, October 14
Investors: Blue Cross Blue Shield of Massachusetts, Zaffre Investments and Martin Ventures
Bio: Ovuline, recently rebranded as “Ovia Health,” is a women's healthcare technology company that creates apps to support fertility, pregnancy and parenting.
News: Ovia Health said they would use the $10 million to double their staff from 35 to 60 workers, Ovia spokesperson Danielle Rand said. The funding will also help Ovia Health make their apps more available to employers using Ovia Health’s benefits platform. Currently the benefits platform is used by companies like General Electric, Blue Cross Blue Shield and Optum. Read more here.
2. EverQuote, $23M, October 21
Investors: Led by Maryland-based Savano Capital Partners, with contributions from Stratim Capital, Oceanic Partners and T Capital Partners.
Bio: EverQuote is an online auto insurance marketplace that matches insurers with customers who fit the right risk profile and works with carriers like All State, Liberty Mutual and Progressive.
News: The company said the funding would be used for product and sales development, and to give its founders and early employees liquidity before going public. Read more here.
Photos via social media
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