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52 Boston Startups Net $1.5 Billion+ In May

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Boston’s biotech industry raised more than $1.5 Cohere Capital Partners, a Boston-based private equity firm focused exclusively on middle-market growth companies, closed its initial fund at $200 million, and Founder Collective raised $85 million for its newest fund, BostInno reported. LaunchPad Medical of Lowell received a $2.5

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Uber Shares Data On Four Cities, More To Come

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Uber has turned over a treasure trove of data on transportation over the weekend, which may help officials reduce traffic during commutes and improve the flow of traffic. The data comes from Uber logs of trips that millions of riders around the country take every day.

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Stimulus Relief: Less Spending, More Saving

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And in those cases, Jonathan Parker, an economist at the Massachusetts Institute of Technology, told the Boston Globe , the attempt was pretty successful. Given the triple threat of economic insecurity hitting the population, it’s unsurprising that the data also indicates increased belt-tightening sweeping the nation.

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Mastercard’s Threat Scan Helps Banks Detect Vulnerabilities

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As weaknesses in authorization systems can be exploited by online thieves, financial services firms are more vulnerable to hackers and get hit 300 times more often than other businesses, according to the Boston Consulting Group. Threat scan intuitively mimic fraudulent behavior and can be used in conjunction with tools already in place.

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Data Dive, Go Big Edition: Apple, Amazon And CloudKitchens

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According to reports last week, Amazon will soon be heading to Boston to construct a $40 million state-of-the-art robotics innovation hub. The 350,000-square-foot facility is planned for Westborough, Massachusetts, a community roughly 35 miles west of Boston. Amazon’s Big Robotics Investment .

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Spending Rush During China’s Golden Week Signals Economic Uptick

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The data is an indication that consumers in China still have money to spend, even if the country’s economy is still recovering from the pandemic. Boston Consulting Group in September has estimated that the demand for luxury goods could underpin a spending boost on the order of 30 percent as the Chinese economy rebounds.

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Real-Time Payments Successfully Gets Through Its First Test Drive

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The first transaction, in addition to moving funds, also carried data in an invoice-like fashion to accompany requests for payments which are irrevocable. The additional transactional data is designed to make it easier for business of all size to reconcile their accounts more quickly and inexpensively.

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