MIT spinout raises $11.8M to grow its critical metal reclamation system - Boston news - NewsLocker (2024)

SiTration, the Cambridge-based critical recovery startup, closed its seeding round with a total of $11.8 million led by 2150 and participation from several other ventures.

UMass Chan’s new $350M research building opens

The construction on the new building was one of the largest projects in Massachusetts over the past few years.

'Back to the ring:' Cybereason co-founders debut new AI venture

More than a year after leaving the endpoint security unicorn he started, Lior Div is now focused on the impact of AI on cybersecurity, where there are always two teams in action: attackers and defenders.

Five things: Brockton Hospital, Wells Fargo, college athletes and special visitors to Boston

Good morning, Boston. The Celtics won again last night and are now just two wins away from an 18th NBA championship.And it's Black Cow Day, so treat yourself with a good old-fashioned root beer float today. Here are the five things you need to know in Boston business news to start your Monday.When a 10-alarm electrical fire caused Brockton Hospital to abruptly evacuate patients and immediately shutter operations in February 2023, it wasn’t clear how long it would take the hospital to

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This Needham biotech's stock has gone up 700% in 3 months

The CEO of the immuno-oncology company discusses the challenges it's encountered and how it's trying to stage a rebound.

BU pivots on real estate plan with new president coming aboard

The proposal still includes a new school of global studies and major renovations to Warren Towers and Mugar Memorial Library. But gone, at least for now, is a new dorm tower and a new science and engineering research building.

Citizens launches cash flow forecast tool for small businesses

The Citizens Cash Flow Forecasting product gives business owners tips and resources to compare their business to competitors based on geography, revenue and employee count.

What's taking Brockton Hospital so long to reopen?

When a fire in February 2023 caused Brockton Hospital to abruptly close, it wasn’t clear how long it would take the hospital to reopen. Nearly 16 months later, we still don’t know.

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Mass. Innovation Network announces finalists for 2024 Eddie Awards

The Eddies are open to Massachusetts-based startups with less than 150 employees, a working prototype of a “ground-breaking” product or technology and that has yet to get Series C funding.

Ex-Takeda employee pleads guilty to $2.3M embezzlement scheme

A Brookline woman who worked at the state's largest biotech employer pleaded guilty in connection with a scheme to defraud the company of $2.3 million.

Rapport Therapeutics raises up to $154 million in IPO

Rapport Therapeutics Inc. said late Thursday it has raised $154 million in an initial public offering.

Wells Fargo Advisors targets private banking space with Boston expansion

Wells Fargo Advisors, the wealth management arm of the global banking giant, has expanded its operations in Boston with a relocation from Two International Place to 125 High Street.

Five things: Celtics fans, a healthcare bill, a new accelerator and the problem with punctuation

Good morning, Boston. Happy National Doughnut Day —have one in celebration of Kristaps Porzingis' return. Here are the five things you need to know in Boston business news to start your Friday, plus a healthy debate about a little bitty piece of punctuation.As thousands of basketball fans make their way to the West End to support the Celtics for Game 1 and 2 of the NBA Finals, they’ll also be looking for a place to eat and drink — either to party in celebration or to wall

Techstars Boston names new managing director

While the promotion was effective May 1, Kerty Levy, who had been managing director since last year, announced the change earlier this week at Techstars Boston's latest demo day.

After recent spike, venture capital investment in Boston area falls back to earth in 2023

Venture capital investment in Boston-area companies has dropped 53% from a peak in 2021. But it's still a lot more than before the pandemic.

Saltie Girl owner: 'You've got to make it magic'

Kathy Sidell grew up with some of the biggest names in the Boston culinary world around her house. But she didn’t initially go into restaurants. Instead, she went to Columbia Film School and worked in Hollywood for 16 years.

Boston City Council OKs Wu plan to shift taxes onto commercial owners

The measure, which still needs State House approval, would authorize the city to put more of the tax burden onto commercial property owners in order to avoid a large jump in residential tax bills.

Meet Kate, the AI assistant used to triage ER patients at UMass Memorial

Nurses at the medical center are using an artificial intelligence tool to help make fast decisions in the trauma and emergency departments.

Commentary: Developers solve for financing, not profit, with dense, multifamily projects

With one new house being built for every three new jobs, and home prices rising faster here than in any other state since 1980, Massachusetts is currently facing a housing crisis decades in the making. Yet, the struggle to create new homes continues.Ongoing outrage over the state’s MBTA Communities Act reinforces the need to dismantle the misinformation that often stops communities from creating multifamily zoning or approving dense multifamily projects.To do that dismantling, we mus

The reorganization plan announced by the Roomba maker after the implosion of the Amazon deal included cost-cutting actions directly affecting research and development.

Dublin biotech relocates HQ to Boston

A clinical-stage cancer company based in Dublin, Ireland, is moving its headquarters to Boston, and plans to grow its presence over the next year.

A $150 gold-garnished lobster roll among new food, drink offerings at TD Garden for NBA Finals

A mac-and-cheese bread bowl. A 24-karat gold lobster roll. All kinds of creative co*cktails. Those are just some of the items that Celtics fans can enjoy at TD Garden for the NBA Finals.

Five things: Why biotech layoffs are still happening, dueling chicken joints and million-dollar neighborhoods

Good morning, Boston.RIP, Silvertone Bar & Grill. Here are the five things you need to know in Boston business news to start your workday.Last year was tough for biotech companies. The Business Journal counted 67 Massachusetts life science companies that laid off about 3,800 employees in 2023. But even while markets have improved in 2024 — including an IPO window that is finally creeping open — large-scale layoffs have continued. Hannah Green reports on what’s going o

Women's incontinence device maker gets $9.4M investment

The additional funding will allow the Newton startup to expand its commercialization efforts to more U.S. cities.

Business, policy leaders say AI can help Mass. keep lead in biotech, healthcare

The Massachusetts High Technology Council and Boston Consulting Group published a new report with recommendations for applying AI to boost the state’s life sciences and healthcare industries.

Developer seeks to toss lawsuit over Waltham lab project

The property's former owner claims it will lose out on millions of dollars because of the developer's decision to sell the site.

Mass Fintech Hub names Thurlow, Merritt as new co-chairs

Julie Thurlow, president and CEO of Reading Cooperative Bank, and Sears Merritt, head of enterprise technology and experience at MassMutual, were named co-chairs of the Mass Fintech Hub.

VC funding update: Who raised money in May?

In a month full of VC funding, here are the companies that raised the most money in May.

May was filled with mergers and acquisitions across the biotech, life sciences and betting.

Is Boston's housing market overvalued?

Soaring home prices in metro Boston are eclipsing the median buying power of local residents. An analysis of home sale prices and consumer buying power shows Boston among the most overvalued markets in the nation.