According to IBM, the average cost of a data breach is $4M but only 29% of businesses have a cybersecurity expert on their IT team. As businesses use more and more data and as employees use more devices (the average employee now uses 2.3 devices), the potential liability increases each day. Axonius’ cybersecurity asset management platform gives enterprises a full inventory of their assets and ensures that these devices are properly being secured. The platform takes a holistic approach by integrating into existing cybersecurity tools and workflows and ensuring that all devices being used (whether physical or virtual) are compliant with the company’s security protocols. Founded by former intelligence officers from the Israeli Defense Force, the platform solves the fragmentation problem found in enterprises when it comes to security. AlleyWatch caught up with CEO and Cofounder Dean Sysman to learn more about the complexities in managing sound cybersecurity policies throughout an enterprise, the company’s future plans, and latest round of funding from investors that include Stripes, Bessemer Venture Partners, OpenView, Lightspeed, and Vertex.
Axonius Raises Another $100M and Secures Unicorn Status for its Cybersecurity Asset Management Platform
Tive Raises $12M for its Modern Shipment Tracking and Supply Chain Logistics Solution
There has been an accelerated movement towards digital transformation across nearly every industry as a result of the pandemic and logistics is no different. Tive is a full-stack supply-chain solution that allows customers to track not only the location of a shipment but also its condition. This visibility allows shippers to maintain efficient supply chains and the company’s software and hardware solutions integrate seamlessly with existing infrastructure. The company’s revenue has grown 570% in 2020 alone, servicing companies in the food, electronics, consumer goods, automotive, and pharmaceutical industries. Boston TechWatch caught up with Founder and CEO Krenar Komoni to learn more about how Tive was conceived in a Worcester basement, the company’s impressive traction, latest round of funding from investors that include RRE Ventures, Two Sigma Ventures, Hyperplane Ventures, One Way Ventures, Fathom Ventures, and Sage Hill Capital.
Buoy Health Raises $37.5M to Help People Accurately Self Diagnose and Receive the Right Care
It took one rotation in the ER of a major Boston hospital for this former med student to realize that a disproportionate number of people who came to the ER based on flawed, online self-diagnosis while patients who needed to be in the hospital often stayed at home. Recognizing this troubling dynamic, Andrew Le took a sabbatical from med school to launch Buoy Health, an AI-powered digital assistant that helps patients accurately self-diagnose and access appropriate care. The company has helped over 9 million people understand their symptoms and seek relevant care options whether it’s telemedicine, primary care, behavioral health resources, etc. Boston TechWatch caught up with Cofounder and CEO Andrew Le, MD to learn more about the company, its future plans, the impressive traction during the pandemic, and recent round of funding from investors that include Cigna Ventures, Humana, Optum Ventures, WR Hambrecht + Co, and Trustbridge Partners.
PayByCar Raises $2M to Rethink How People Make Purchases From Their Vehicles
PayByCar has built a new, contactless method to pay for gas that does not require handling cash, cards, or tapping any apps. PayByCar’s partnership with the E-ZPass Group (24 tolling agencies across 18 states) allows vehicles to use their existing E-Zpass transponders and smartphones to serve as a form of identification at gas stations. Boston TechWatch caught up with CEO and Founder Kevin Condon to learn more about PayByCar and the opportunities to expand beyond gas payments to drive-thru food, curbside pick-up, commercial parking, and the rest of the in-vehicle economy.
Finch Raises $1.8M to Bring Investment Returns to Checking Accounts
Sitting at the intersection of investing and banking is Finch, a new checking platform that automatically invests your checking balance to earn returns on your funds. Account-holders can withdraw their funds at any time including the invested portion. Boston TechWatch caught up with Founder Neel Ganu to learn more about the genesis of the company’s future plans, imminent launch in the App Store, and recent round of funding from investors that include Mendoza Ventures, Barclays, Techstars Investors, and Draper Frontier.
Devo Technology Raises $60M to Help Companies Accelerate the Shift to The Cloud with Machine Data
The effects of the pandemic have accelerated digital transformation across industries and verticals and this led to an explosive shift to the cloud. Devo Technology delivers centralized cloud log management solutions powered by machine data to facilitate this shift. Designed for security and IT teams in mind, organizations can now handle the influx of data with robust analytics, workflow streams, and with insights for cross-functional teams from a single, unified platform. Boston TechWatch caught up with Chief Marketing Officer Dimitri Vlachos to learn more about Devo Technology and its latest funding round from investors that include Georgian, Bessemer Venture Partners, and Insight Partners.
Notarize Raises $35M to Bring Remote Online Notarization to the Masses
The pandemic has shifted our behavior increasingly online and notary service is no different. Transactions need to get done and signatures need to get verified by notaries. The typical notary experience is not so practical while under lockdown but thanks to Notarize, the process can be handled completely online. CEO Pat Kinsel walks us through the explosive growth the company is seeing – especially in the real estate space, the company’s plan in the near-term, and latest round of funding that was led by Camber Creek and Polaris Partners.
Botkeeper Raises $25M to Automate Bookkeeping for Accountants and Mid-Size Enterprises
Like most industries, accounting is beginning to embrace automation that allows team members to focus on high-value tasks; eliminating the time spent on repetitive and manual items. Botkeeper provides automated bookkeeping support to accounting firms and businesses using AI, machine learning, and vetted accountants. CEO and Cofounder Enrico Palmerino shares some insight into the company’s recent funding round from notable investors that include Point72 Ventures, Greycroft, High Alpha Capital, and Gradient Ventures and how the company’s solution allows businesses and accounting firms to reclaim time – the one commodity that none of us are getting back.
The Boston TechWatch Startup Daily Funding Report: 6/24/2020
The latest venture capital, seed, pre-seed, and angel deals for Boston startups for 6/24/2020 featuring funding details for Armored Things, NODAR, and much more.
The AlleyWatch October 2018 US Venture Capital Funding Report
Today, I take a look at the state of venture capital and seed funding during the month of August nationally. Analyzing some publicly available data from our friends at CrunchBase, we break down the aggregate statistics for all funding deals by stage of funding (Seed, Series A, Series B, and Series C+) including mention of notable rounds. 30 Second […]