Mass High Tech News
Hasbro delays financial results as cyberattack fallout drags into second quarter
Hasbro released preliminary numbers showing revenue of $970 million to $985 million but hosted no analyst call. The company has not estimated financial impact.
Silicon Valley Bank will soon be gone; First Citizens to wipe away SVB brand three years after collapse
“We’re eager to start talking and bringing together the wide product set that First Citizens, as a combined group, can offer,” First Citizens Bank President Peter Bristow told the Business Times.
Amazon delivery partner in Taunton closes facility
Aloha Logistics LLC closed its facility at 800 John Quincy Adams Road. The company delivers packages for Amazon.
Clean energy company secures $180M from two investors for solar expansion
Nexamp Inc. raised approximately $180M in equity from two investors. The company has 222 employees in Massachusetts.
Cloud business Wasabi gets $250M in debt to fund expansion
In 2021, Wasabi CEO David Friend told the Business Journal he expected to make more debt financing deals for Wasabi, as the cloud business presented to lenders the same reassuring qualities of real estate.
The newest contract risk for businesses is quickly emerging — and the stakes are high
Experts say traditional business contracts are no longer suitable. Here's what's changing and what business owners need to change.
Blackstone-affiliated UKG lays off 950 employees, citing AI
The workforce management software company sent notices to employees last week. Close to 600 employees left immediately, while 350 will stay for a transition period.
Eli Lilly signs $7 billion deal for Kelonia after string of billion-dollar acquisitions
Pharma giant Eli Lilly and Co. is on a multibillion-dollar Boston buying spree. Its latest acquisition: a gene therapy biotech working on treatments for cancer.
State Street to unveil AI agents for client services this summer
The custodial bank reported a 16% revenue jump and said employees are already using AI tools in everyday workflows.
Nine Boston companies earn Edison Awards for innovation in manufacturing, safety and climate tech
Laminar, Cambridge Mobile Telematics and Orbyfy took gold honors. The awards drew more than 40,000 product nominations from over 20 countries.
Mass. tech leader calls for 're-founding' to seize AI opportunities in biotech
Massachusetts tech leaders must break down silos between biotech, AI and other sectors to recapture the state's founding spirit, writes Flagship Pioneering's Yvonne Hao.
