The Boston tech scene was booming with news last week, including funding rounds, hiring initiatives and expansions. Find out what else you might have missed. This is the Built In Boston weekly refresh.
Kintent raised $18M. Boston-based Kintent raised a Series A round led by OpenView. Kintent’s Trust Cloud platform provides companies with security and program management. The Series A will be used to add to the company’s sales and product teams. [FinSMEs]
Wyebot gained $8M. Wyebot uses AI-backed technology for WiFi automation. The Marlborough-based company raised a Series A funding round led by Stage 1 Ventures. The $8 million gained will go toward scaling technology offerings and expanding the team. The company plans to double its headcount over the year. [Built In Boston]
Publicis Groupe acquired Profitero. A French global communications and marketing platform, Publicis Groupe, acquired the e-commerce software company Profitero. According to the Wall Street Journal, the acquisition is said to be valued at $200 million. Profitero will continue to operate as an independent company within the Publicis Groupe network. [Built In Boston]
BOSTON TECH QUOTE OF THE WEEK
Ekotrope is expanding. Ekotrope is a Boston-based software company helping homebuilders create energy-efficient homes and buildings. The company saw 35 percent growth in Q1 and expects to keep growing. Ektrope plans to grow by 30 percent throughout the year and is going through a hiring spree to fulfill that mission. [Built In Boston]
InterSystems will double its HQ size. InterSystems Corp. is a Cambridge-based company providing data solutions for organizations across healthcare, business and government. The company confirmed it will be leasing a 420,000-square-foot, 43-story tower that is under construction. The new headquarters will allow the company to double its employee headcount in the area. [BostonGlobe]
