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One of Boston Dynamics most famous robots is Spot, pictured. Image: Boston Dynamics. Hyundai is officially purchasing a controlling stake in robot maker Boston Dynamics from SoftBank in a deal that values the company at $1.1 Image: Boston Dynamics. Atlas, another one Boston Dynamic’s robots.
Boston Dynamics’ Atlas and Spot robots can do a lot of things: sprinting , gymnastic routines , parkour , backflips , open doors to let in an army of their friends, wash dishes , and (poorly) get actual jobs. Boston Dynamics was recently purchased by Hyundai , which bought the robotics firm from SoftBank in a $1.1 billion deal.
Boston Arts Academy Foundation, an independent 501(c)(3) nonprofit organization that raises essential funds for Boston Arts Academy (BAA), announced the election of Avid Technology CEO and President Jeff Rosica to Board Chairman. Longtime BAA Foundation Chair Lee Pelton will be recognized as Chairman Emeritus.
The Latino Equity Fund (LEF), a unique partnership between local Latino leaders, The Boston Foundation (TBF), and Hispanics in Philanthropy, today announced that Evelyn Barahona will serve as the organization’s first director. Barahona will work alongside the LEF advisory committee to.
But applications in industrial, military and enterprise scenarios have shown that there is indeed a market for unmanned aerial vehicles, and today, a startup that makes drones for some of those latter purposes is announcing a large round of funding and a partnership that provides a picture of how the drone industry will look in years to come.
Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall. For our October look at Boston and its startup scene, let’s get into the data and then understand how a new cohort of founders is cropping up among the city’s educational network.
Boston has long been one of the most important startup ecosystems in the United States. TechCrunch Live is thrilled to be hosting an event featuring Boston-local investors and founders. TC City Spotlight: Boston takes place on February 27 at 11:00am PT / 2:00pm ET and is a free, virtual event. Register to ask questions.
NextView Ventures, a Boston-based venture capital fund, has raised an $89.6 million fund, according to SEC filings. The firm’s fourth fund, its largest to date, is oversubscribed, with early documents indicating a $70 million goal. More Boston coverage. A hot Boston VC Summer. venture deals, and 10.3%
City Spotlight: Boston Register for the free event here! 5 investors discuss Boston’s resilient tech ecosystem Boston’s university-to-startup pipeline defies downturn to grow and diversify In order to build a startup culture, a city or region needs some key elements in place – like an innovation engine to drive startup ideas.
One startup that’s developing a new technology to address the issue is Boston Metal. Boston Metal, which previously raised $20 million back in 2019, uses a process called molten oxide electrolysis (“MOE”) to make steel alloys — and eventually emissions-free steel.
Their operations are sustained through a combination of hospital system funding, philanthropic contributions, and government grants, underscoring the collaborative effort to fulfill community benefit requirements while addressing health inequities.
Last week, I attended and spoke at the International Foundation’s Technology and Benefit Communications Conference, held in Boston, MA. If you think about it, a project is more likely to succeed when ALL project components are properly funded, including the marketing needed to promote the new initiative to the proper audiences.
Foundations in the United States focus their funding priorities on many different issues. If your nonprofit is seeking funding, it’s critical to identify the foundations whose interests and funding priorities align with your own. Funding Priority: Education. Global Fund For Children. Daniels Fund.
While there’s no disputing SV’s place and continued prominence in the startup world, today’s early-stage founders have more geographic freedom and funding options than ever before. This is why we’re excited that Mark Crane , a partner at General Catalyst, will hold forth at TechCrunch Early Stage on April 20 in Boston, Massachusetts.
It’s been more than 10 years since that percentage fell below 30%, the study said, despite the fact that the country is on track to see record amounts of venture funding overall this year. We dug into the report and talked to Revolution CEO and Chairman Steve Case about the findings. Image Credits: Revolution/PitchBook.
Family offices and accredited investors are eager to get involved in high-quality funds, but face hurdles like access to fund managers. The company, founded by Samir Kaji and Hana Yang in February 2021, is developing an approach to venture capital fund investing that provides a way for investors of any size to participate.
“Only well-funded institutions with access to a massive amount of GPU power are capable of building these models,” says Encore co-founder Eric Landau, who recommends using the iterative process of active learning to “leapfrog the AI production gap and build models capable of running in the wild more quickly.”
Food Rocket has taken an unconventional route, striking a funding deal with Alimentation Couche-Tard Inc. The new $25 million in Series A investment, led by Alimentation Couche-Tard via its Circle K Venture Fund, will enable Food Rocket to deliver in 26 countries and territories, including more than 7,000 U.S.
Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, TechCrunch has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development Authority (NJEDA). of the total $87.3
Boston-based Filtered.ai That timing was somewhat fortuitous for its investors — Silicon Valley Data Capital and the AI Fund — as Filtered’s CEO said that that was the company’s best quarter in its history. Per Bilodeau, he didn’t want to raise money.
(Photo courtesy of Bank of America) There’s a big difference between running a marathon and achieving a high jump – unless one is talking to the Boston Athletic Association, organizers of the Boston Marathon. million total claimed by the Boston Athletic Association. The final donation tally leapt from $40.2 While 2024’s $45.7
In part driven by capitalism but mostly driven by an eagerness to help his child and others like him, Male dove in and, earlier this year, teamed up with Brian O’Callaghan to found t he Autism Impact Fund (AIF). He then launched his own venture fund. Image Credits: Autism Impact Fund.
Minter-Jordan joins AARP from the CareQuest Institute for Oral Health in Boston, Massachusetts where she was president and CEO. Myechia serves on several boards and committees, including BlueShield of California, The Boston Foundation, Harvard School of Dental Medicine, Harvard Pilgrim Health Care, and the Isabella Stewart Gardner Museum.
Aqua Security, an Israeli cybersecurity startup that helps companies protect their cloud services, has raised $60 million in funding, extending its previously announced $135 million Series E round of funding to $195 million.
JourneyOne ventures told TechCrunch it’s closed a $10 million fund and has started making its first few investments. I spoke with the fund’s solo fund manager, Helene Servillon , to figure out where the opportunities are in this market. For me, an emerging fund manager, this is an entry point into venture capital.
Austin’s venture capital scene has been hot for years now, but a pair of local investment firms just closed on new funds aimed at injecting more capital into startups in Austin and elsewhere. More than 380 funding deals were made into Austin startups in 2021 , amounting to $4.9 Keri Findley, founder of Tacora.
Three years after announcing its sixth fund, OpenView Venture Partners is back with $570 million in capital commitments for its new, seventh fund. It represents a 25% increase over the firm’s $450 million sixth fund, its largest to date. That gives you a range, and that range is from right about where we closed the fund.”
One of the big leaders in buying up and scaling third-party merchants selling on Amazon and other marketplace platforms is announcing a major round of funding today as it continues to expand its ambitions. Upper90, funds managed by Oaktree Capital Management, L.P., It said that it’s currently on a rate of buying 1.5
The two companies underscore how possible it is to build large startups in markets outside of the traditional collection of cities most associated with technology entrepreneurship in the United States, like Boston, New York City and San Francisco, to name a few. A funding boom. The Exchange explores startups, markets and money.
In an email interview with TechCrunch, CEO Simon Taylor said that the proceeds will be put toward expanding HYCU’s 300-person team with a particular focus on customer success and partnerships as well as funding the development of new products and services, including a software-as-a-service product.
The funding will be used to launch virtual neurology clinics and to support Neuroglee’s move to Boston. In an email, founder and chief executive officer Aniket Singh Rajput told TechCrunch that the company is moving to Boston because the city “is one of the largest digital health hubs in the world.
While this is happening around the world, few startup hubs in the world are reveling in a greater boost to their ability to attract capital than Boston. However, data indicates that Boston’s startup activity in fundraising terms has reached a new, higher plateau, funneling record sums into the city’s upstart technology companies this year.
To put Musk’s claims in context, remember that Boston Dynamics, a company which makes Atlas, the most advanced bipedal robot in the world, has never described its machines as anything but R&D. Atlas, says Boston Dynamics, is simply a way to push the cutting edge of robotics: it’s not even close to commercial deployment.
June Homes , a proptech startup that aims to make renting less painful and more flexible for both tenants and landlords, is emerging from stealth today with $50 million in total funding. San Francisco, Los Angeles, Philadelphia and Boston. SoftBank Ventures Asia led the startup’s latest round — a $27 million Series B.
City Spotlight: Boston Register for the free event here! Boston offers a world of advantages for startup founders Boston’s university-to-startup pipeline defies downturn to grow and diversify Boston has had a thriving tech startup ecosystem for a while, but things can change fast. Register for the free virtual event here.
The New York Police Department has canceled its trial of a robot dog made by US firm Boston Dynamics after receiving fierce criticism regarding the “dystopian” technology. Spot, as the machine is called by creators Boston Dynamics, has never been weaponized, and doing so would break the company’s terms of service.
Two days after COVID-19 was declared a global pandemic, the Boston Foundation set up a special fund to provide rapid-response support to local nonprofits serving communities disproportionately affected by the outbreak. The first 15 grantees supported communities of color, immigrants, seniors, children, and the homeless, among others.
And I ask for two promises in return,” said Paul English — currently the co-founder of Boston Venture Studio but perhaps best known as the co-founder and CTO of travel platform Kayak. ” Boston Venture Studio co-founder Paul English. “When I hire someone, I make two promises. Do they enhance your ideas?
Last week, I attended and spoke at the International Foundation’s Technology and Benefit Communications Conference, held in Boston, MA. If you think about it, a project is more likely to succeed when ALL project components are properly funded, including the marketing needed to promote the new initiative to the proper audiences.
with New York City and Boston. With today’s new funding round, it should definitely boost usage in the U.S. As the startup’s operations are extremely local, Too Good To Go is starting with specific metropolitan areas in the U.S. In September, the company started its operations in the U.S. In the U.S. It has sold 50,000 meals.
Today, it’s Mozilla’s turn to solidify its investment endeavors via a new dedicated $35 million VC fund targeted at early-stage startups. More recently, Mozilla joined a $900,000 pre-seed funding round into password management startup Heylogin. “We’ve taken a lot of inspiration from funds like these.
The company was incubated by FXP , a Boston-Israel startup venture studio. Jit , a startup that helps developers automate product security by codifying their security plans and workflows as code that can then be managed in a code repository like GitHub, today announced that it has raised a $38.5
Whether you’re in the idea stage or building on the friends-and-family plan or preparing to pitch investors, it’s imperative to understand the shifting VC funding landscape as you plan for future growth. What will the funding scene in these major metropolitan areas look like this year?
Pat Kinsel, founder and CEO of Boston-based Notarize, worked to get appropriate legislation passed across the country to make it possible for more people in more states to get documents notarized digitally. The ability to get a document notarized without leaving one’s home suddenly became more of a necessity than a luxury.
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