Boston Tech Watch: Devo, Circle, IBM, 10% Happier, Cuseum & More

June 12, 2018

Time to catch up on recent Boston tech news, including several venture capital investments, an acquisition in cybersecurity, and a White House tour app developed by a Boston startup in partnership with Amazon. Read on for details.

—Devo (no, not that Devo) said it raised $25 million in a Series C funding round led by Insight Venture Partners. The Boston-based data analytics software company was previously known as Logtrust. Kibo Ventures also invested in Devo’s Series C round.

—Circle Internet Financial, the Boston-based blockchain and cryptocurrency startup that recently raised a $110 million funding round, is planning to apply for a federal banking license and seek registration as a brokerage and trading business, according to a Bloomberg report. The plans illustrate Circle’s leaders’ long-held belief that it’s better to work with regulators and established banks than try to circumvent them, as many blockchain and cryptocurrency ventures do.

San Francisco-based Coinbase—which, like Circle, enables customers to buy and sell cryptocurrencies—has also considered seeking a banking license, Bloomberg reported.

—ConnectRN pulled in $11.5 million in equity funding, according to a filing with the SEC. The Newton, MA-based company makes software used to connect hospitals with part-time nurses looking for open shifts.

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