Wolverines Stitched Jabrill Blue Jersey Navy Peppers College 5

by Sophie Kalt
August 2, 2019
photo via shutterstock

The Boston tech scene continues to heat up this summer, raising money across industries from 3D printing to software. The top five rounds total a staggering $400 million in fresh funds which is up from last month’s total of $107 million. The impressive number was driven in large part by LendBuzz and Signavio, which each raised over $150 million.


#5 (tied), $10 M, July 17

What they do: DUST Identity differentiates and authenticates products with diamond dust, which forms a unique, scannable pattern when applied to goods before sending them through the supply chain. The dust is used in industries ranging from automotive and luxury goods to government agencies.

The funding: DUST Identity announced a $10 million Series A round on July 17, led by Kleiner Perkins.The Framingham, MA-based company plans to hire in product and engineering following the big news.


Wolverines Stitched Jabrill Blue Jersey Navy Peppers College #5 (tied), $10 M, July 29

What they do: Sense is a smart device that helps make your home more eco-efficient and your utility bill cheaper. The devices are connected to a Wi-Fi Hub that relays information back onto your smartphone about the energy usage of appliances in your home.

The funding: The Series B round of $10 million was announced on July 29 and will be used to add new business partners and build on its market growth. The latest round was led by MacKinnon, Bennett & Company and IDO Investments.


#5 (tied), $10 M, July 17

What they do: 3DFortify is a 3D printing startup used in automotive, aerospace and manufacturing industries. Fortify differentiates itself by using “Fluxprint” technology, making its objects stronger. 

The funding: On July 17, Accel led 3DFortify’s $10 million Series A. The fresh funds will be used to hire and build out their Discovery Partner Program which will help create more 3D products at a faster rate. 


#4, $11M, July 30

Wolverines Stitched Jabrill Blue Jersey Navy Peppers College What they do:Bert White Jersey Blyleven 28 Stitched Flexbase Twins Baseball Authentic Collection is a recruitment platform for on-demand workers. The Boston-based platform tracks job availability for flexible workers and allows business to post openings.

The funding: The Series A of $11 million, led by Vestigo Ventures and AXA Venture Partners, closed on July 30. According to a spokesperson, the latest funds will go toward hiring in marketing, sales and tech stack teams and grow its international presence.


#3, $56 M, July 22

What they do: CircleCI helps engineering teams at companies build, test and deliver new code easily through an automated process. Thousands of companies use CircleCI, including established brands like Samsung and Spotify.

The funding: Owl Rock Capital Partners and Next Equity led the $56 million Series D round on July 22. It plans to hire five employees for its 11-person team in Boston. Along with Boston, the company also hopes to expand in Europe. 


#2, $150 M, July 15 

What they do: Lendbuzz helps people obtain car loans more easily by looking at more traits than just credit history. The platform takes into account education, employment, savings and earning potential to determine creditworthiness. 

The funding: The $150 million debt and equity financing round was announced on July 15. After a $30 million raise last year, Lendbuzz has raised a total of $180 million and plans to grow even more with the recent cash. 


#1, $177 M, July 11

What they do: Signavio is a software suite with over 1 million users across 1,300 businesses including Deloitte and NBCUniversal. Their software aims to increase businesses’ productivity by creating workflows, monitoring their business processes and collaborating on projects. 

Wolverines Stitched Jabrill Blue Jersey Navy Peppers College The funding:On July 11, Signavio raised an impressive $177 million. Leading the round was Apax Digital. Signavio plans to increase its employee headcount by 50 percent.


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