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Amazon To Build $40M Robotics Innovation Hub Near Boston

PYMNTS

Amazon is planning to build a $40 million state-of-the-art robotics innovation hub near Boston that will result in the creation of 200 tech and manufacturing jobs, Amazon announced in a press release Wednesday (Nov. The 350,000-square-foot facility will be located in Westborough, Massachusetts, which is 35 miles west of Boston.

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POS Toast Cuts Staff In Half As More Restaurants Close

PYMNTS

Based in Boston, Toast provides POS technology that helps eateries maneuver from dine-in to takeout. Founded in 2012, Toast helps new and upscale restaurants update their technology. Many restaurants that have temporarily closed may never reopen.”. But the company said it “took a huge revenue hit” when eateries shuttered.

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Apple Buys AI Voice Assistant Startup To Make Siri Smarter

PYMNTS

Voysis was founded in 2012 by Peter Cahill and Noel Ruane and has had two funding rounds totaling $8 million. Aside from headquarters in Dublin, the startup also had offices in Edinburgh and Boston. . Before co-founding the company, Cahill spent 15 years studying speech technology and neural networks.

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Boston Vs. NYC Vs. LA Exits: New York Wins On Quantity, LA On Big Winners

CB Insights

Outside of Silicon Valley, New York has seen the most venture-backed companies exit since 2012, over Boston and Los Angeles. In fact, nearly half, 44%, of all the exits in the three cities over the last five years were for … Continued.

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Delta Customers May Be Able To Pay Lyft With Miles Soon

PYMNTS

The airline has also been courting corporate travelers in big markets like New York, Boston and Seattle. Economy sales for Delta in 2018 made up almost 50 percent of revenue, which is down from 63 percent in 2012. . The airline’s revenue from premium seats is now growing faster than coach-class sales.

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SoftBank Drops $100M Into Cybereason Software

PYMNTS

SoftBank is helping out Boston-based digital security firm Cybereason with a big $100 million investment. All in all, Cybereason has brought in $189 million in funding since 2012 from a diverse investor set that includes CRV, Spark Capital, and Lockheed. Businesses need to concentrate on what happens once the adversaries are inside.”.

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Cybersecurity Firm Cybereason Snags Another $200M From SoftBank

PYMNTS

Founded in 2012, Cybereason boasts distribution in all major global markets. Boston-based Cybereason has 500 employees, with offices in Tel Aviv, Tokyo, London and Sydney, as well as additional presence on all continents.

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