Mass High Tech News
Boston AI startup promises '100% control' to clients, closes $43M in VC
Lazarus AI runs its platform on client hardware or cloud with no per-token charges. The company has roughly 10 employees in Massachusetts.
FTC sues Toast over hidden fee, 'Byzantine' cancelation process
The Federal Trade Commission claims the Boston company fails to disclose fees and makes cancelation unnecessarily difficult. Eight state attorneys general joined the case.
More real estate listings tout data centers even as project opposition increases
A review of active property listings shows how a bifurcated view of data centers has emerged.
Inside Suffolk’s $50M innovation hub
The hub brings together experts to solve problems from job sites nationwide. Suffolk says the goal is faster decisions and fewer errors, not replacing people.
Fintech nonprofit behind Boston Blockchain Week shuts down amid funding troubles
Qubic Labs opened seven years ago and built a portfolio of more than 70 companies. The nonprofit took over Boston Blockchain Week in 2022.
Five things you need to know, and a surefire way to feel old...but inspired
Hello, Boston! Here are the five things you need to know in Boston business news as you wrap up your busy workweek, plus a collection of young, impressive go-getters, lawsuits at work and peppermint scratchers.
Towns push back against Amazon's drone delivery plans
Amazon wants to deliver packages by drone from its Westborough fulfillment center. But officials from 15 municipalities say they need more input on a proposal that extends across a 7.5-mile radius.
Wayfair plans outlet store in shopping center southeast of Denver
The brand will open its first Mountain West store in Denver this fall, followed shortly by its tenth outlet store nationwide.
eClinicalWorks expects $1.3B in revenue as AI and new business lines fuel growth
The Westborough company is launching a completely redesigned user interface built with AI. New customers get it in November.
GE Vernova to buy German grid equipment maker for $9B as AI drives power demand
In a year when several Mass. tech firms didn't buy but were bought, GE Vernova announced one of the largest acquisitions by price tag.
Boston PE firm raises over $30B for two funds
The global firm raised close to $27 billion for its flagship fund and over $3 billion for its first dedicated middle-market vehicle.
MassTLC taps former Boston software CEO as new leader
Cory Munchbach said she was looking for mission-driven work in Massachusetts after leading a business-to-business software company for years.
Hasbro taps digital games leader to run its most profitable division
Dan Ayoub will lead the division that includes Magic: The Gathering and Dungeons & Dragons. Hasbro is building a new creative hub in Montreal under his leadership.
Early Zoom investor joins Brandeis board of trustees
Dan Scheinman wrote the first check Zoom founder Eric Yuan ever received and has been on the company's board since 2013. Brandeis represents his first nonprofit board.
MassChallenge leaves Seaport after 15 years for Fenway neighborhood
The move takes MassChallenge out of the only Boston neighborhood it has occupied since 2009. It wants to be closer to major hospitals and healthcare companies.
Hasbro CEO cites talent, cold Uber Eats, lack of restaurants as driving Boston move
Hasbro received tax incentives from Massachusetts, but CEO Chris Cocks said the main considerations were talent access and lifestyle factors.
Amazon ramps up seasonal hiring in Massachusetts with 6,000 roles
The company's end-of-year hiring spree is bringing more seasonal jobs to the Bay State this year than in 2025.
Boston AI company raises $325M at $3B valuation, surpassing Liquid AI
Liquid AI is no longer the only major AI company valued at over $1 billion based in the Boston area.
Cybersecurity unicorn Transmit Security names new CEO
Matt Thompson joins from Socure as the company pivots from password authentication to validating AI agents. The firm still has a sizable amount of cash on hand.
The Engine taps COO as interim leader after CEO exits to join Wu administration
The chief operating officer steps into the role overseeing more than 150 startups in residence. A national search for a permanent leader is underway.
