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July 13, 2018

Boston Tech Deals Roundup - Acquisitions and Funding News (June 29th - July 13)

Here’s your look at the acquisition and funding news in Boston tech from June 29th to July 13th!


IPOs

 

EverQuote is an online marketplace for auto insurance. EverQuote plans to list on the Nasdaq under the symbol "EVER."
Location: Cambridge

EverQuote is now hiring! Check out their BIZZpage


New Fund

 

Glasswing Ventures announced that it has raised a $112 million fund for an AI-focused fund it claims is the largest of its kind on the East Coast. The capital was raised over the course of 18 months and will fund cybersecurity and enterprise software with a machine learning focus. 


Location: Boston

Aquisitions

 

SimpliSafe announced that Hellman & Friedman has taken a controlling interest in the company at a reported valuation of about $1 billion.
Location: Boston

SimpliSafe is now hiring! Check out their BIZZpage

 

Mimecast is utilizing Ataata's cybersecurity training and awareness platform as part of their email security software.
Location: Lexington

Mimecast is now hiring! Check out their BIZZpage

 

Autodesk announced that it acquired Assemble Systems in a cash and stock deal.
Location: Salem

 

 

Avecto, a leader in endpoint privilege management, acquired by Atlanta-based identity and access management company Bomgar.
Location: Somerville

 

 

DataRobot announced it has acquired Nexosis, an automated machine learning software company based in Columbus, Ohio.
Location: Boston
 

Funding

 

American Well is using the funds to scale their virtual doctor plans business.
Investors: Philips and Allianz X
Location: Boston

American Well is now hiring! Check out their BIZZpage

 

Toast plans to accelerate investment in research and development, recruit new talent, and expand its market presence.
Investors: T. Rowe Price Associates and Tiger Global Management
Location: Boston

Toast is now hiring! Check out their BIZZpage

 

Veridium is creating a different approach to enterprise security using biometrics and scanning.
Investors: Michael Spencer and Michael Powell
Location: Quincy

 

 

Catalog is creating DNA data storage technology.
Investors: N/A
Location: Boston

 

 

Virtudent is provider of mobile dental clinics and tele-dentistry services for employers.
Investors/Groups: B.406 Ventures, SpringRock Ventures, and Sparta Group.
Location: Newton

 

 

The company, co-founded by Andy Palmer, uses AI to to increase data analytics workflows. The company plans on using the funds to expand their marketing efforts.
Investors/Groups: SBI Investment, Intage Open Innovation Fund, Samsung Ventures, Fenox Venture Capital, and Alumni Ventures Group
Location: Cambridge

 

 

Perceptive Automata is a provider of AI technology for autonomous vehicles, and has just emerged from stealth.
Investors: First Round Capital and Slow Ventures
Location: Boston
 

Allego is the developer of the leading sales learning and coaching platform of the same name. The company had the announcement in addition to their customer growth.
Investors: General Catalyst
Location: Needham

Colin Barry is a Staff Writer & Editor at VentureFizz. Follow him on Twitter @ColinKrash

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