From healthcare to radar technology, Boston tech companies got to work last week after pulling in fresh capital for their solutions. Check out what they’re building with the Built In Boston Weekly Refresh.
Rithmm raised $2M. Sports betting tech provider Rithmm announced a round of seed funding led by Permit Ventures. The company’s SaaS product allows bettors to build custom analytical models to make more informed wagering decisions. This fresh capital will go toward fueling expansion and launching its NFL product. [The SaaS News]
MatrixSpace pulled in $10M. Raptor Group led the Series A round for MatrixSpace, a radar company that uses artificial intelligence-enabled sensing to identify objects and collect data in real time. The company will use the money to continue improving its technology, fueling customer adoption and increasing revenue. [PR Newswire]
Boston Tech Quote of the Week
“Panorama Education is the perfect partner to provide our technology to a growing number of districts and accelerate our mission of increasing graduation rates across the country through helping districts ensure every student is on the path to graduation. Mesa Cloud’s technology integrates seamlessly with district systems and counselor workflows, moving graduation planning from binders and spreadsheets to the cloud.” — John Kennedy, Mesa Cloud co-founder
Panorama Education acquired Mesa Cloud. Expanding upon its platform that allows schools and districts to measure student performance, Panorama announced its acquisition of Mesa Cloud, a tool for managing a student’s graduation progress. Since its founding in 2017, Mesa Cloud has resolved more than 500,000 transcript errors across 40 school districts. [Built In Boston]
Laudio secured $13M. Having developed an operations solution for the healthcare industry, Laudio works to automate repetitive tasks and help leaders gain better visibility into their teams. Its latest injection of Series B funding from lead investor Define Ventures will help Laudio deepen the action orientation of its platform, as well as fuel growth and product development. [Business Wire]
