Last Week in Boston Tech Deals
Six Companies Raised $552M
Happy Tuesday!
Last week, six Boston tech companies raised over $552M.
Stuff I’m Reading:
Palantir has participated in 8 SPAC-related PIPE transactions
Startup banking service Mercury raises $100M+ at $1B+ valuation
Boston just overtook NYC for commercial real estate investment
Boston Tech Financing Announcements:
DataRobot 🤖
Two weeks ago, I wrote that enterprise AI company DataRobot was in talks to raise $500M at a $7B valuation. It looks like the rounded up being a $250M round a $6B pre-money, according to Axios but unconfirmed by the company. The funding was co-led by crossover funds Altimeter and Tiger Global, with investors including T. Rowe Price, BlackRock, Silver Lake, and New Enterprise Associates
4G Clinical 🩺
Wellesley-based 4G Clinical, which provides a suite of software for managing clinical trials, just raised $230M led by Goldman Sachs Asset Management. They help pharmaceutical companies that are conducting clinical trials create and manage the trial randomization process — ultimately helping drugs get to market faster. The six-year-old company is already running over 250 clinical trials on its platform.
Hospital IQ 🏥
Baxter Ventures and Health Velocity Capital just led a $25M Series C into Hospital IQ. Other investors included Pierpoint Capital and Allscripts. The company provides AI-enabled operations management software for healthcare systems to optimize areas like resource use, patient flow, and staff scheduling.
Metrika 📈
Cambridge-based blockchain intelligence provider Metrika has raised $17.7M according to a new filing. The filing also lists the founder and Managing Director of Menlo Park-based Neotribe Ventures. The company provides analytics products for decentralized systems and is already boasting partnerships with Algorand, Hedera Hasgraph, Dapper Labs, Hyperledger, and others.
Soft Robotics 🦾
Back in January 2020, I wrote about Soft Robotics raising a $23M Series B. Now about 18 months later, they’ve raised a $10M Series B extension co-led by Scale Venture Partners and Calibrate Ventures, with participation from Tyson Ventures (the VC arm of Tyson Foods). They make industrial robots with modular gripping mechanisms that handle food in “bulk picking” assembly lines.
Aliaswire 💳
Aliaswire, which runs an SMB credit card issuing and electronic bill paying platform, just raised $6M in a new round led by Stage 1 Ventures. This round marks the 13-year-old company’s first outside capital investment. Underscore VC partner Chris Gardner will also be joining the board as an individual.