We’re used to protecting the information on our smartphones by keeping strong passwords and setting a lock screen. But fewer people know about the importance of protecting the information in their vehicles. Earlier this year, the automotive shopping website CarGurus asked 1,020 consumers questions about common security practices and the risks of connected cars. Here … Continue reading “Your Car Is Hackable—Here Are Three Steps You Can Take”
Tag: CarGurus
Boston Tech Watch: Notarize, Optimus Ride, LogRocket & More
The self-driving cars are coming (to a gated development near you). Board additions at a novel tech startup. Another big funding round for an industrial 3D printing startup. The Endeavor v. QinetiQ robot competition’s final chapter. Read on for more. —Online notary startup Notarize is adding senior LogMeIn and State Street executives to its board. … Continue reading “Boston Tech Watch: Notarize, Optimus Ride, LogRocket & More”
Tech Hiring Surges in Bay Area, NY, Boston: See Q2’s Top Employers
After a sluggish start to 2018, hiring has accelerated recently at the top software companies in three of America’s largest technology hubs. That’s according to the latest quarterly Digital Jobs Index compiled by John Barrett, a Boston-area partner with executive recruiting firm On Partners. The report tracks job growth at 100 leading software and Internet … Continue reading “Tech Hiring Surges in Bay Area, NY, Boston: See Q2’s Top Employers”
Hyundai Launches Digital Showroom on Amazon to Better Reach Customers
Replicating the car dealership experience online has historically been a challenge. Although many of us have grown to prefer the ease and convenience of shopping online, there’s nothing quite like kicking the tires of a vehicle in person. Because cars are one of the most expensive purchases many of us will make, it’s especially important … Continue reading “Hyundai Launches Digital Showroom on Amazon to Better Reach Customers”
EverQuote, a Boston Tech Company You’ve Never Heard of, Going Public
The name EverQuote may not ring a bell for you, although chances are you’ve seen one of its online ads about “disrupting” the insurance industry. The company, which operates an online marketplace for auto, home, and life insurance, has mostly flown under the radar on its way to reaching $120 million-plus in annual revenue and … Continue reading “EverQuote, a Boston Tech Company You’ve Never Heard of, Going Public”
Online Insurance Marketplace EverQuote Plans IPO: 4 Takeaways
The tech IPO revival of 2018 continues. EverQuote, a Boston-area company that operates an online insurance marketplace, filed documents with the SEC on Friday indicating it intends to go public. EverQuote said it might raise up to $75 million in an initial public stock offering, although that number could shift if the Cambridge, MA-based company … Continue reading “Online Insurance Marketplace EverQuote Plans IPO: 4 Takeaways”
Insurers Are (Slowly) Preparing for Future World of Driverless Cars
When a self-driving Uber vehicle killed a pedestrian attempting to cross a dark, Phoenix-area street in March, it served as a wake-up call to a mobility industry moving at a furious pace to advance autonomous vehicle technologies. The fatality reinforced consumer skepticism of driverless cars, as evidenced by a recent survey conducted by CarGurus (more … Continue reading “Insurers Are (Slowly) Preparing for Future World of Driverless Cars”
A VC’s Wish for 2018: More Efficient Entrepreneurs
Tech companies continued to rake in massive amounts of venture capital last year, while the exit market was underwhelming. Xconomy reached out to Boston-area investor Eric Paley to put 2017 in perspective and find out what might be in store for the coming year. Paley’s early-stage venture firm, Founder Collective, has backed companies such as … Continue reading “A VC’s Wish for 2018: More Efficient Entrepreneurs”
Casa Systems Raises $78M in Boston Area’s Second Tech IPO of 2017
The Boston area’s second tech IPO of 2017 is in the books. Casa Systems raised $78 million in its initial public offering by selling 6 million shares of common stock for $13 per share. The Andover, MA-based network infrastructure company has granted its IPO underwriters a 30-day option to buy up to 900,000 additional shares … Continue reading “Casa Systems Raises $78M in Boston Area’s Second Tech IPO of 2017”
Boston Tech Watch: Casa IPO Plan, Rapid7 HQ, Optimus Deal & More
[Updated 11/29/17, 1:33 pm. See below.] Now that everyone has sufficiently recovered from their turkey comas, it’s time to catch up on some recent headlines from the Boston-area tech scene: —Casa Systems could be the area’s second tech IPO of 2017, if it follows through on plans disclosed in a recent SEC filing. The Andover, … Continue reading “Boston Tech Watch: Casa IPO Plan, Rapid7 HQ, Optimus Deal & More”
CarGurus Stock Up After First Report to Wall Street: 3 Takeaways
CarGurus’ stock price is up around 10 percent Wednesday after the company delivered positive financial results in its first quarterly report since going public. The Cambridge, MA-based software company’s stock (NASDAQ: [[ticker:CARG]]) was trading just under $33 per share as of this writing Wednesday morning, up from Tuesday’s closing price of $29.82. CarGurus released its … Continue reading “CarGurus Stock Up After First Report to Wall Street: 3 Takeaways”
CarGurus Drives Off With $150M in Boston’s First Tech IPO of 2017
[Updated 10/12/17, 4:58 pm. See below.] Amid another sluggish year for tech IPOs, advocates of Boston’s tech scene can breathe a sigh of relief—the area won’t be shut out this year. CarGurus and its stockholders raised about $150.4 million in the company’s initial public offering, marking the Boston area’s first tech IPO of 2017. The Cambridge, … Continue reading “CarGurus Drives Off With $150M in Boston’s First Tech IPO of 2017”
CarGurus, a Profitable Tech Company, Aims to Raise $162M in IPO
CarGurus is moving closer to becoming the Boston area’s first tech IPO of 2017. The Cambridge, MA-based firm aims to raise as much as $162.15 million in its initial public offering, according to a document filed with the SEC late last week. That would value CarGurus—which operates an online marketplace for buying and selling new … Continue reading “CarGurus, a Profitable Tech Company, Aims to Raise $162M in IPO”
As CarGurus Preps IPO, These 6 Boston Tech Firms Could Be Next
Some predicted the U.S. tech IPO window would open wider this year, but it’s still just a slit. Only 14 tech companies have held initial public offerings in the U.S. this year, Bloomberg reported this week. (Notable IPOs include Snap, Blue Apron, and Redfin.) That follows 19 U.S.-listed tech IPOs last year and 28 in … Continue reading “As CarGurus Preps IPO, These 6 Boston Tech Firms Could Be Next”
CarGurus IPO, Harmonix Layoffs, Turing Award & More Boston Tech News
[Updated 4/5/17, 12:07 pm. See below.] It’s time to catch up on some of the latest happenings in the Boston tech scene: —CarGurus, a Cambridge, MA-based company that runs an online car marketplace, has hired banks to help lead an initial public offering, according to reports by Axios and Reuters, which quoted anonymous sources. Reuters … Continue reading “CarGurus IPO, Harmonix Layoffs, Turing Award & More Boston Tech News”
Boston, NY Tech Job Growth Hits 5-Year Low, as Amazon Keeps Expanding
The hiring pace among Boston and New York software companies has slowed to a crawl, amid a broader downshift in the tech industry. During the fourth quarter of last year, the two tech hubs saw their weakest job growth in the past five years. That’s according to a quarterly study compiled by John Barrett, a … Continue reading “Boston, NY Tech Job Growth Hits 5-Year Low, as Amazon Keeps Expanding”
CarGurus CEO on Profitable Tech Startups, and Why Uber Is Road Kill
CarGurus might be the biggest Boston-area consumer tech company you’ve never heard of, but founder and CEO Langley Steinert is ready to change that. Based in Cambridge, MA, the decade-old firm has grown to more than $100 million in annual revenue and around 300 employees, with much of that growth coming in the past couple … Continue reading “CarGurus CEO on Profitable Tech Startups, and Why Uber Is Road Kill”
Boston Tech Watch: Accelerators, Acquisitions, Hiring & Firing, More
This week in Boston tech, we’re tracking the latest news about local accelerators, company acquisitions, office expansions, and more. Read on for details. Accelerators rise and fall —A new accelerator program serving digital health startups and run by MassChallenge will soon open in the Hatch Fenway startup co-working space in Boston, located in the Landmark … Continue reading “Boston Tech Watch: Accelerators, Acquisitions, Hiring & Firing, More”