This week a blockchain startup opened its system to the public; a quantum computing company raised big bucks; and Raytheon’s cybersecurity business set up shop in Boston. Read on for more.
—Blockchain technology startup Algorand has opened a test network to the public for businesses and developers to tinker with and give feedback. The company is backed with $66 million in capital and was founded by Silvio Micali, winner of the Turing Award—the so-called Nobel Prize for computing. Algorand CEO Steve Kokinos says the launch of the TestNet is a milestone to develop its blockchain transaction system that it has said will resolve some of the problems that digital currencies like Bitcoin face.
—Video conferencing company Owl Labs took in a $15 million Series B investment led by Spark Capital and joined by previous investors Matrix Partners and Playground Global. Owl Labs sells a $799 video conference camera called the Meeting Owl that runs on Zoom, Google Hangouts, Skype, Microsoft Teams, and other software platforms. The cash, which brings Owl Labs’ total raised to $22.3 million, will be used to add more employees, speed up product manufacturing to meet demand, and expand internationally.
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