The city’s rich tapestry of industries—ranging from biotech and healthcare to artificial intelligence and robotics—creates a cross-disciplinary synergy that few other cities can match. As we know from decades of supporting tech companies across Boston, the startups here are not just launching new products; they are reshaping industries and setting global trends. The collaborative spirit, access to talent, and proximity to research institutions make Boston an unparalleled hub for innovation.
Perhaps then, it’s not a surprise that as of Q3 2024, Boston startups had raised $2.5B in capital for two consecutive quarters. In Q3, Boston startups raised $4.2B in funding, second only to the Bay Area among US metros.
In this blog, we’ll spotlight some of the most notable early-stage startups (Seed to Series B) in Boston that are driving significant breakthroughs and shaping the future. These companies exemplify the city’s commitment to pushing the boundaries of what’s possible, proving once again why Boston remains a beacon for entrepreneurial success.
Dash Bio is a prime example of Boston’s innovative spirit. AI startups have revolutionized drug discovery, but the development phase still struggles with manual, labor-intensive processes. As such, Dash Bio is redefining this landscape through its technology-driven solutions. This modern automated platform is revolutionizing drug development by leveraging AI, robotics, and fully integrated software to transform how medications are brought to market. Supported by six investors, including Bob van Luijt and Mario Götze, Dash Bio has raised $6.5 million in funding to date. The company closed its latest funding round, a Seed round, on October 24, 2024.
Boston-based Eyebot is tackling the growing gap between the rising demand for vision care and the limited availability of eye doctors. Millions of people face delays or lack access to essential eye care, but Eyebot aims to change that. With over $9M in Seed funding raised through various investors such as Baukunst and Spacecadet Ventures, the company is developing AI-powered kiosks that offer rapid, point-of-sale eye exams, eliminating the need for traditional optometrist visits. Eyebot’s innovative approach promises to make vision care more accessible and convenient for all.
Boston-based FiVerity, specializes in AI and machine learning solutions designed to detect emerging forms of cyber fraud and provide proactive threat intelligence. Their innovative products cater to the specific needs of financial institutions, including banks, credit unions, and credit card providers. By streamlining consumer-facing processes like application review, credit verification, and customer onboarding, FiVerity helps its clients reduce fraud-related losses and enhance efficiency. With a forward-looking approach, FiVerity empowers financial institutions to achieve faster, more sustainable, and profitable growth. Although FiVerity closed its last funding round back in November from an undisclosed round, the startup has managed to raise $14.5M in total funding.
Found Energy, a deep-tech renewable energy innovator, is revolutionizing the way aluminum is utilized by transforming it into a renewable energy carrier. The company recovers aluminum waste from landfills and employs a carbon-free process to produce hydrogen on demand. This groundbreaking approach delivers hydrogen at a cost of less than $0.50 per kilogram while achieving five times the volumetric energy density of liquid hydrogen, paving the way for cleaner and more efficient energy solutions. Through 13 different investors, Found Energy has raised a grand total of $12M in funding.
Maven AGI is an enterprise AI platform founded in July 2023 by former executives from HubSpot, Google, and Stripe, with a vision to bring artificial general intelligence (AGI) to businesses, starting with customer support. The platform leverages advanced conversational AI agents to deliver accurate, autonomous support at scale, enhancing customer experiences while unifying fragmented systems and enabling intelligent actions without costly infrastructure changes. Maven is supported by leaders from OpenAI and Google, and backed by top investors, including M13, Lux Capital, E14 Fund, and Mentors Fund, having raised $28M to drive its mission forward.
Realm.Security simplifies cybersecurity data management by unifying fragmented data sources into a cohesive, intelligent data fabric. Its platform leverages cutting-edge AI and advanced data processing to seamlessly combine and manage security data from various formats and sources. By delivering the right information to the correct destination at the right time, Realm enhances security operations and empowers organizations to make smarter, faster decisions. Realm’s last funding round closed back in September, and the company has raised a total of $5M to date.
In a time where cyberattacks are growing more prevalent, 7AI is revolutionizing cybersecurity with the first agentic security platform designed to give defenders an edge in the face of escalating cyberattacks. By harnessing the speed, swarming capabilities, and decision-making power of AI, the 7AI platform autonomously achieves cybersecurity goals without human intervention. Founded by renowned cybersecurity experts Lior Div and Yonatan Striem Amit, and backed by investors like Greylock Partners, CRV, and Spark Capital, 7AI is at the forefront of agentic security innovation. With $36M in funding, the company is pioneering advanced AI-driven solutions to protect enterprises and ensure resilience against digital threats.
Wunderite is transforming the insurance industry with a digital forms solution designed by insurance agents for insurance agents. Founded by Peter and Joe—who met during their MBA program at Boston College—the company was born from their shared frustration with outdated processes in the insurance world. Combining Peter’s experience in selling insurance at his family agency and Joe’s perspective as a business owner buying insurance, they set out to create a better way. Wunderite simplifies the process of completing PDFs, supplementals, and ACORDs, enabling producers, account managers, and customers to finalize applications faster and more efficiently. As a result, Wunderite has raised $10.3M, with their last Series A funding round concluding in January of last year.
