The self-driving cars are coming (to a gated development near you). Board additions at a novel tech startup. Another big funding round for an industrial 3D printing startup. The Endeavor v. QinetiQ robot competition’s final chapter. Read on for more.
—Online notary startup Notarize is adding senior LogMeIn and State Street executives to its board. The Boston-based tech company says Larry D’Angelo, LogMeIn (NASDAQ: LOGM) chief sales officer, and Jack Klinck, former head of global strategy at State Street, are joining its board of directors. D’Angelo also advises Boston-based startup InsightSquared and investment firm M33 Growth. Notarize says the number of transactions through its online notarization platform grew more than 130 percent in 2018, and it is eyeing a 400 percent increase in revenue in 2019. Last month, the startup added former Hubspot (NYSE HUBS) and Wayfair (NYSE: W) executive Elizabeth Graham as its chief operating officer. In May 2018, Notarize raised a $20 million funding round led by Polaris Partners.
—Self-driving car startup Optimus Ride has plans to launch its autonomous vehiclesin geo-fenced developments in New York and Fairfield, CA, the Boston company says. In the second quarter of 2019, Optimus Ride will deploy vehicles on private roads at the 300-acre Brooklyn Navy Yard industrial park development, providing looped shuttle service between ferry service and Flushing Avenue outside of the development. At the 80-acre Paradise Valley Estates in California, Optimus Ride vehicles will give prospective tenants tours of the community and provide residents with on-demand travel throughout the center. Last month, Optimus Ride announced it would roll out vehicles at a development in Reston, VA.
—Boston-based software application debugging startup LogRocket has raised an $11 million Series A funding round on top of a previously undisclosed $4 million seed round to expand its app performance platform. Investment firm Battery Ventures led the round, with participation from seed investor Matrix Partners. The cash will help the startup nearly triple its 25-employee headcount. LogRocket’s platform is used by companies like Reddit, Ikea, Brex, Kaplan, CarGurus, FDNY, and Waste Management to give developers user insight into application issues. The company was founded in 2016 by childhood friends and former Google engineers Matthew Arbesfeld and Ben Edelstein.Read Complete Article