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Thursday, June 18, 2020
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First Off

Rowan: Good afternoon, everyone. Today is an excellent day because I have just learned that my colleague in Minneapolis, Maddy, is fostering three little kittens. This is Gus. He has a mustache.



And now in non-feline news...


The Big One

A breakdown on the day’s biggest Inno story.


Sri: Wise Systems, a Techstars, MassChallenge and MIT Global Founders’ Skills Accelerator alumnus, has raised $15M in a Series B round led by Valo Ventures, a Palo Alto-based fund that invests in applied AI companies. Existing investors Gradient Ventures, Prologis Ventures and E14 Fund also participated in the round.

This round brings the company’s total venture funding to $23M.

Founded by a group of MIT and Harvard graduates in 2014, Wise Systems develops enterprise software to help companies optimize delivery routes. The company collects data such as real-time traffic, machine-learned service times and route-specific information to improve on-time deliveries and reduce fleet mileage.

The startup’s clientele includes Lyft, Anheuser-Busch and others. The company has also added clients since the beginning of the coronavirus pandemic: Texas-based beverage distributor Andrews Distributing and Minnesota-based BIX Produce started using Wise Systems' technology.

Funds from this round will be directed towards developing Wise Systems' AI platorm, boosting its research and development efforts in machine learning and growing its network of global clients.

Read more: Techstars alum Wise Systems snags $15M in Series B to bring AI to logistics


Making Moves

Inside the people, companies and organizations making moves in Boston.


Rowan: A small but growing number of Boston businesses are giving employees time off this Friday for Juneteenth, a day that marks the end of U.S. slavery. Knoq, a startup that powers door-to-door marketing and was one of our 2020 Startups to Watch, is among them.

Sri: Ginkgo Bioworks has launched Concentric by Ginkgo, a pandemic response program intended to create capacity for large-scale testing for the novel coronavirus for use by businesses and educational organizations. 

Rowan: A team from MIT CSAIL has developed a machine learning system that can take an image of a finished painting and create a time-lapse video depicting how it was most likely to have been painted by the original artist. 

Sri: Oregon company Springbrook Software and Maynard-based ClearGov are collaborating to provide cloud-based ERP and budgeting products to local governments across the U.S. 

Rowan: Waltham-based NWN and Ava Robotics are collaborating to make remote and flexible work a completely immersive experience through Ava Robotics' telepresence robots with NWN's integrated Solution-as-a-Service offerings.

Sri: Burlington-based Zappix, an on-demand customer service solutions vendor, has launched a new solution aimed at businesses adapting their workforce management to Covid-19.

Featured Jobs

Below are Featured Jobs from BostInno's Careers Directory.
To feature a job and reach the Inno audience in the newsletter and on the site, learn more here.


In The Know

The Inno stories you need to read today.


Elsewhere in Inno

Stories from around the Inno network we think you'll dig.


New Money

Your daily funding roundup.

Rowan: Zerto, a Boston-based IT resilience company, raised $33M in equity financing, which also allows Zerto to draw up to $20M in additional venture debt under an existing credit facility. The round was supported by Access Industries, 83North, Battery Ventures, Harmony Partners, IVP, RTP VenturesU.S. Venture Partners and others.

Sri: Newton-based BabelBark, which offers a digital platform for pet owners, raised $1.6M in debt in a $2.3M funding round, according to an SEC filing. Read more about BabelBark and other local pet-focused startups here.


Player Personnel

Who’s moving where.

Sri: Solid Biosciences, a Cambridge-based life sciences company developing therapies for Duchenne muscular dystrophy, appointed board member and Vertex Pharmaceuticals veteran Ian F. Smith chairman of the board.


Opportunities

Do you know when to open the door?

Rowan: New England is about to have its first incubator dedicated to early-stage bluetech startups.

BlueSwell, a project of the New England Aquarium and bluetech startup platform SeaAhead, will incubate startups developing solutions geared toward ocean sustainability and global resilience.

Each startup in the program will receive $35K in non-dilutive grant funding to build out ocean-related innovations, especially technology and business models focused on offshore renewable energy, sustainable seafood, maritime decarbonization, marine pollution and resilient waterfronts. That funding will be disbursed in three tranches, at the beginning, middle and end of the program.

Startups will have access to the expertise of SeaAhead and the New England Aquarium’s research arm, the Anderson Cabot Center for Ocean Life, during the program, which runs for 20 weeks. The program will be take place in the SeaAhead Bluetech Innovation Hub, a bluetech-focused coworking space at CIC Boston.

Applications are open until Aug. 9. Cohorts will be selected in mid-September, with the program set to begin on Oct. 26.

Read more: New England Aquarium, SeaAhead launch bluetech incubator 


Random

The fun stuff.

Sri: Four words: Squirrel Ninja Obstacle Course.


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Meet The Authors
Rowan Walrath
rwalrath@americaninno.com
Srividya (Sri) Kalyanaraman
skalyanaraman@americaninno.com

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