Boston startups raised a lot more funding from investors in February than the previous month, thanks in part to major rounds from XebiaLabs ($100 million), Ionic Materials ($65 million) and Altiostar Networks ($32 million).
Other Boston startups that raised money include Flipside Crypto, Humatics and Jobcase, along with competing AI hardware startups Lightelligence and Lightmatter.
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Here are the 31 Boston startups that raised money this month:
• Algorand, a new blockchain startup founded by Turing Award-winning IT cryptographer Silvio Micali, raised a $4 million seed round from local VC firm Pillar and Union Square Ventures, the New York-based firm that has backed a number of big-name companies, like Twitter and Etsy.
• Altiostar Networks, which provides mobile network operators with the equipment to deploy and expand their LTE networks, raised a nearly $32 million round, according to a new Form D. Multiple publications, including the Dalal Street Investment Journal, are reporting that Indian IT firm Tech Mahindra has acquired a 17.5 percent stake in Altiostar for $15 million.
• Baseload Renewables, an energy storage startup that is one of the first portfolio companies of MIT’s The Engine venture fund, raised a $7.4 million round, according to a new Form D. The filing lists the company’s new name as Form Energy.
• Blueday raised $6 million in funding from Radian Capital and other investors. The company provides store revenue management systems for retail.
• Cambridge Electronics raised a little over $2.6 million in an equity offering, according to a new Form D.
• Corvus, a Boston-based insurance and technology company, announced a $4 million seed round investment led by Bain Capital Ventures to propel InsurTech innovation into the commercial insurance market.
• CyberX, a cybersecurity startup with offices in Boston and Israel, raised an $18 million round led by Norwest Venture Partners, with participation from Glilot Capital Partners, Flint Capital, ff Venture Capital and OurCrowd, Reuters reported.
• CyGlass, a cybersecurity startup focused on “network-centric dark threat detection,” raised a $900,000 round, according to a Form D. The startup was previously known as mZeal Communications.
• Diesel Labs, a mobile video analytics startup, raised a nearly $1 million round, according to a new Form D.
• Dover Microsystems secured $6 million in seed funding. The round was led by Hyperplane Venture Capital, with the participation of Qualcomm Ventures, the Hub Angels Investment Group and Draper in Cambridge, where the company has been incubating for around two years. The round will enable the company to expand its engineering and product development efforts, as well as support new hires across the marketing and sales departments.Read Complete Article