Growth is the name of the game for Boston companies with several new developments on the city’s tech scene. Find out who’s hiring with last week’s fresh venture capital. This is the Built In Boston weekly refresh.
Cynet opened a Boston HQ. Working to provide small companies with protection against cyber threats, the Israeli security company is planning significant growth in Boston. With 40 employees already based in the city, Cynet is looking to double the size of its Boston team by the end of next year. Available positions will span the company’s sales, marketing, business development, customer success and customer support teams. [Built In Boston]
OpenCity secured $6.8M. With its tech that provides restaurants with an AI-powered voice assistant for drive-thru orders, OpenCity wants to deploy its speech-to-text software solution Tori to more fast-food businesses. The funding from its latest equity round will be used for this as well as growing the company’s team by 12 across engineering, support and sales. [Boston Business Journal]
Boston Tech Quote of the Week
Iterative Scopes pulled in $30M. This company’s software uses computer vision and artificial intelligence to analyze gastrointestinal images and videos for abnormalities. Down the road, the company hopes to expand its tech to help researchers run clinical trials and develop drugs. With its Series A funding led by Obvious Ventures, Iterative is looking to further its tech and grow its team with 20 Cambridge-based positions available now. [Built In Boston]
Stage 2 Capital launches $80M fund. The firm aims to teach startups on the right time to scale their business. Its portfolio consists of companies like Sendoso, Ocrolus, Gosite and Reibus. With this new fund, Stage 2 Capital is investing in B2B software startups with names including DeepScribe, Arcade and QuotaPath having already received a check. [TechCrunch]
