In The Know
The Inno stories you need to read today.
Inside the people, companies and organizations making moves in Boston.
KG: In more Boston M&A news, CyberArk acquired Vaultive, which moved its headquarters to Boston in 2015. CyberArk is an Israeli-founded security company with U.S. headquarters in Newton, BBJ reported.
Lucy: Boston keeps racking up the SXSW wins. On top of LearnLux winning $400K from Marc Benioff and Sound Ventures (Ashton Kutcher’s fund), there were three more Boston winners from the 10th Accelerator Pitch event. FutureFuel.io won the Payment and FinTech category, Nix won the Sports and Performance Data category, and Roots Studio won Best Speed Pitch.
KG: Also, the US Conference of Mayors announced Biobot analytics as the winner of the Mayor’s Matchup. They won $10K and the opportunity to present in front of 600 mayors at the U.S. Conference of Mayors Annual Meeting next summer. Biobot is an MIT startup analyzing sewage waste to learn more about a city’s public health. Their first product is to measure drug usage via sewage.
Lucy: If you haven’t already, you should check out the short-story dispenser at the Prudential Center. It’s a machine that lets users select their preferred reading time among the options of one minute, three minutes or five minutes. The machine is an invention of Short Edition, a French publishing startup created in 2011 as a participatory platform for writers. The “Pru” let me know on Twitter that they have two story dispensers, one near the Shinola store and another near the concierge desk. Read more: ICYMI: The Prudential Center Is Equipped With a Short-Story Dispenser
KG: For the first time in the company’s 125-year history, GE did not pay cash bonuses to its senior execs. According to an SEC filing, GE’s board withheld the 2017 bonuses because of the company’s tough year. FYI: GE’s CEO, John Flannery, took home $9M in total compensation in 2017.
In The Community
The events and happenings to know about tonight and this week.
Lucy: Joseph Lubin, co-founder of Ethereum and founder of ConsenSys, will be at the Unchained Summit in Boston on April 26th as keynote speaker. The event is part of Boston Blockchain Week, a series of events around the evolution of blockchain presented by Pillar and over a dozen partner organizations. Here’s more info.
Watch This Right Now
Insights and analysis from the community and beyond.
Lucy: And now, this. In the latest episode of Last Week Tonight, John Oliver explained – in a really accessible way – what are bitcoin, blockchain and cryptocurrencies. My favorite part is the explanation of why blockchain is difficult to hack: “A blockchain is a highly-processed thing, sort of a Chicken McNugget,” an expert from the Blockchain Research Institute said. “And if you wanted to hack it, it would be like turning a Chicken McNugget back into a chicken.” God, this man has comparison skills.
The fun stuff.
KG: How’s your day going? Look at this Boston Dynamics’ robot dogand feel better.
Featured startup and tech jobs on BostInno’s new Careers Directory.