• Tue, Sep 27th 2016 9:10 AM

    How Acme Packet founders' new startup plans to fix the internet

    How Acme Packet founders' new startup plans to fix the internet

    With the lofty ambition of "fixing the Internet," Burlington-based 128 Technology Inc. expects sharp growth over the next two years, as its new approach to routing catches on as a solution to convoluted systems currently used. Since 128 Technology's formal launch in June, a total of 20 large companies are customers and are currently in various stages of implementing the technology. The startup's routing software provides smart routers that increase security, efficiency, and operate on existing…

  • Mon, Sep 26th 2016 12:40 PM

    Lowell-based big data startup scores $9.5M in funding

    Lowell-based big data startup scores $9.5M in funding

    Podium Data Inc., a Lowell-based maker of software that manages raw data for companies, has received $9.5 million in Series A financing from a syndicate of investors led by Malibu Ventures. The company makes a software platform that enables businesses to quickly consolidate all their data -- including legacy files and massive digital data. Steve Fink, CEO of Santa Monica, California-based Malibu Ventures, has been named to Podium Data's board of directors. Podium Data will use the funds to…

  • Thu, Sep 22nd 2016 1:00 PM

    Warby Parker co-founder raises $156M for his Boston-based fund

    Warby Parker co-founder raises $156M for his Boston-based fund

    A co-founder of the New York-based sunglasses and eyeglasses retailer Warby Parker has raised $156.36 million for a new venture capital fund headquartered on Boston's Newbury Street, according to a regulatory filing. The fund appears to be oversubscribed, surpassing its last $138.33 million fundraise last October. The fund, called Elephant Partners, was founded by Warby Parker co-founder Andrew Hunt, who lives in New York, and Boston investor Jeremiah Daly, both of whom worked for Highland Capital…

  • Wed, Sep 21st 2016 3:00 PM

    MBTA-approved Transit App gets funding from Cambridge VCs

    MBTA-approved Transit App gets funding from Cambridge VCs

    A Montreal-based mobile app startup that has been publicly endorsed by the Massachusetts Bay Transportation Authority has received an influx of cash from investors including Cambridge venture capital firm Accomplice. The app currently allows users to track the status of their trains or buses and get real-time public transportation updates. The $2.4 million in new funding could help in launching additional features for Boston-based users. The goal is for Transit App to also let Boston users book…

  • Wed, Sep 21st 2016 1:00 AM

    For $560, this tiny indoor garden can grow produce to fit your tastes

    For $560, this tiny indoor garden can grow produce to fit your tastes

    The Cambridge-based inventor of an indoor "micro-garden" startup called SproutsIO will begin accepting pre-orders on Kickstarter this week. The tiny garden allows urban dwellers to grow produce like lettuce, tomatoes and eggplant year-round without soil. A mobile app controls the lighting, water and nutrients, and users can customize the bitterness or sweetness of their produce through the mobile app, by adjusting the settings. Jennifer Farah said the idea for SproutsIO was born out of a desire…

  • Tue, Sep 20th 2016 12:00 PM

    MealPass rebrands as MealPal, launches in Chicago and Washington, D.C.

    MealPass rebrands as MealPal, launches in Chicago and Washington, D.C.

    MealPass, the subscription lunch service is rebranding as MealPal as it introduces new features, including a new smart bot "Pal" that is designed to personalize meal options -- Tinder style. The New York City-based company, which lets members pay ahead of time for a set number of lunches per month (for as little as under $6 per meal), is also launching today in Chicago and Washington, D.C. where it will feature offerings from 50 restaurants in each location. MealPal has already had a presence…

  • Tue, Sep 20th 2016 10:40 AM

    Lyft chief says most of its rides will happen in self-driving cars within five years

    Lyft chief says most of its rides will happen in self-driving cars within five years

    Most Lyft rides will happen in autonomous vehicles within five years and private car ownership will all but end by 2025. Those are two projections made in a blog over the weekend by John Zimmer, co-founder of the San Francisco-based on-demand ride business. Lyft is one of a number of Bay Area companies that are racing to put cars with autonomous driving features on the road. It has teamed up with General Motors, while its much larger rival Uber started giving rides in autonomous Ford Fusions in…

  • Mon, Sep 19th 2016 1:00 PM

    Whole Foods partners with Boston startup to offer pet concierge

    Whole Foods partners with Boston startup to offer pet concierge

    Going grocery shopping at Whole Foods? Bring your cat or dog with you. Whole Foods Market locations around Greater Boston have partnered with Boston startup Baroo to offer pet concierge services out of Baroo's "b. Mobile" truck. The truck offers on-site services ranging from baths, coat brushings, nail trims and other grooming services at Whole Foods (Nasdaq: WFM) locations at 340 River St. in Cambridge, 647 Washington St. in Newton and 880 Main St. in Melrose. "Like Baroo, Whole Foods Market…

  • Fri, Sep 16th 2016 12:20 PM

    Everbridge shares rise 10 percent on first day of trading

    Everbridge shares rise 10 percent on first day of trading

    Everbridge's executive team was in New York City on Friday to ring the Nasdaq Stock Market's opening bell and celebrate its official initial public offering. The Burlington critical communications technology firm's (Nasdaq: EVBG) stock price was up by about 10 percent to $13 late Friday morning. The company now has a market capitalization of more than $350 million. Everbridge CEO Jaime Ellertson said the proceeds from going public could possibly help the company move forward with acquisitions that…

  • Thu, Sep 15th 2016 8:40 AM

    Cambridge security startup gets an unexpected $40M in funding

    Cambridge security startup gets an unexpected $40M in funding

    They weren't in the market for investor funding, but executives at Cambridge-based cybersecurity ratings startup BitSight said Thursday they've landed a $40 million influx of cash. The company, which considers itself the first in the market to offer objective security ratings for businesses, now has $95 million in total funding to date. The lead investor was GGV Capital, a Silicon Valley venture firm whose portfolio companies include Square, Airbnb and Alibaba. "GGV did an awful lot of due diligence,…

  • Wed, Sep 14th 2016 12:10 PM

    Accenture, Credit Suisse invest in Massachusetts software firm

    Accenture, Credit Suisse invest in Massachusetts software firm

    Applause, a Framingham-based software company that helps firms test and analyze their mobile applications, has closed a $35 million funding round. The lead investor was Credit Cuisse, and also included an investment by global professional services firm Accenture (NYSE: ACN). Applause will use the funding to expand its digital testing services capabilities, invest in growing its digital usability feedback services. It will also focus on launching its digital research services, according to a release. ...

  • Tue, Sep 13th 2016 10:40 AM

    Boston startup's new high-tech womenswear includes sweat-free 'silk'

    Boston startup's new high-tech womenswear includes sweat-free 'silk'

    Ministry, a Boston-based apparel startup formerly known as Ministry of Supply, has launched its highly-anticipated line of high-tech women's clothing this week after two years in research and development. The venture-backed company been known for its high-tech NASA-inspired menswear, and spent months seeking input from professional women at organizations ranging from Fidelity to MIT about their wardrobe. "With women, a lot of it came to shape retention," said Kit Hickey, Ministry's chief retail…

  • Fri, Sep 9th 2016 3:40 PM

    Facebook co-founder promises to spend $20M to defeat Donald Trump

    Facebook co-founder promises to spend $20M to defeat Donald Trump

    Facebook co-founder and former Harvard student Dustin Moskovitz said on Thursday that he and his wife will donate $20 million to various Democratic Party organizations in an effort to prevent Donald trump from becoming president. Moskovitz, who Forbes figures has a net worth of $10.5 billion, outlined his plan in a blog titled, "Compelled to Act." He said he was driven to make the donations by Trump's campaign, which he described as a "zero-sum vision" that portrays a false contest between him…

  • Thu, Sep 8th 2016 12:20 PM

    Salesforce is continuing to invest in Massachusetts companies

    Salesforce is continuing to invest in Massachusetts companies

    San Francisco- based Salesforce is continuing to invest in Boston-area companies following the $2.8 billion acquisition of Demandware. This week, the cloud computing giant's (NYSE: CRM) corporate investment arm backed Boston-based marketing software firm SessionM, and Cambridge-based conversational text messaging company HeyWire announced it would be acquired by Salesforce. Salesforce Ventures contributed to a $35 million investment in SessionM, which offers customer loyalty software that businesses…

  • Wed, Sep 7th 2016 7:30 AM

    Boston's Spike Aerospace eyes Seattle for supersonic jet plant

    Boston's Spike Aerospace eyes Seattle for supersonic jet plant

    Spike Aerospace, a Boston startup developing an ambitious new supersonic business jet, is talking with Washington state officials and aerospace suppliers about possibly locating its new manufacturing plant in Seattle. Spike claims its aircraft will shave 50 percent off passenger travel times for business trips by flying at Mach 1.6, or 450 mph faster than any other civilian jet. It is touting flights between New York City and London in three hours. Its aircraft would cost buyers an estimated $100…

  • Tue, Sep 6th 2016 12:40 PM

    PillPack nears $100M in funding with latest cash infusion

    PillPack nears $100M in funding with latest cash infusion

    PillPack, a Somerville-based pharmacy startup, has raised $31.1 million out of a planned $40 million fundraising goal, according to a regulatory filing that surfaced on Tuesday. The latest investment means the company has raised $93 million in total funding since it was founded in 2013. A request for comment from the company was not immediately returned. The company's existing investors include CRV, Accel Partners, Atlas Venture, Menlo Ventures, and Sherpa Ventures. PillPack, which has a pharmacy…

  • Tue, Sep 6th 2016 6:50 AM

    Here's what you missed on your summer vacation in startup news

    Here's what you missed on your summer vacation in startup news

    Here's what you missed while you were on your summer vacation in the field of Boston-area startups. That massive yacht docked in Boston wasn't Mark Cuban's: The internet was alight with specious reports in July that Mark Cuban's 288-foot yacht had been docked in Boston's North End. That Cuban could have sailed to the shores of Boston was actually believable -- the entrepreneur, investor and Dallas Mavericks owner has backed several Boston-area startups including Catalant (now known as HourlyNerd).…

  • Thu, Sep 1st 2016 11:10 AM

    DraftKings once again raises massive funding round

    DraftKings once again raises massive funding round

    Boston-based online daily fantasy sports site operator DraftKings has raised new funding within the past month, totaling $153 million. The newest investor was Revolution Growth, the Washington, D.C. venture firm founded by Steve Case. The company declined to disclose the other investors in the round. Previous investors include The Kraft Group, Redpoint Ventures and Cambridge-based Accomplice. The latest funding news was first reported by Fortune's Dan Primack. The investment comes as the fantasy…

  • Wed, Aug 31st 2016 2:30 PM

    Real estate tech firm Compass, with regional HQ in Boston, scores $75M

    Real estate tech firm Compass, with regional HQ in Boston, scores $75M

    Compass, formerly known as Urban Compass, received an investment today that brings the total amount of venture capital it raised to $210 million. The New York City-based real estate listings startup with regional headquarters in Boston was infused with $75 million in a funding round led by Wellington Management Company LLP. The Series D comes nearly one year after the company's $60 million Series C financing in September 2015 led by Institutional Venture Partners (IVP). The newly raised equity…

  • Wed, Aug 31st 2016 8:20 AM

    Washio folds on-demand laundry startup

    Washio folds on-demand laundry startup

    LOS ANGELES -- Washio has washed and folded its last load of laundry. The Santa Monica, California, startup has announced on its website that it's shutting down. Founded in March 2013, Washio offered dry-cleaning, shirt-laundering, and washing-and-folding services. When the company first launched, users selected pickup and drop-off times, and 24 hours later their clothes were delivered by a Washio "ninja," washed and folded, along with a thank-you cookie. Later the company added on-demand…