Affectiva nets $26 million, plus more top funding news for Boston-based companies

Boston-based human resources company Affectiva has secured $26 million in Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced April 11 and led by Aptiv.

According to its Crunchbase profile, "Affectiva, an MIT Media Lab spin-off, is a pioneer in Emotion AI, the next frontier of artificial intelligence. Affectiva’s mission is to bring emotional intelligence to the digital world with our emotion recognition technology that senses and analyzes facial expressions and emotion. Our patented software is built on an emotion AI science platform that uses computer vision, deep learning and the world’s largest emotion data repository of more than 4 million faces analyzed from 75 countries, amounting to more than 50 billion emotion data points."

The 10-year-old company has raised five previous funding rounds, including a $14 million Series A round in 2016.

The round brings total funding raised by Boston companies in software over the past month to $488 million, an increase of $431 million from the month before. The local software industry has seen 145 funding rounds over the past year, yielding a total of $2.4 billion in venture funding.

In other local funding news, genetics company Embark Veterinary announced a $10 million Series A funding round on April 11, led by F-Prime Capital Partners.

According to Crunchbase, "Embark was founded by top experts in genomics, computational biology and software design to sell an industry-leading dog DNA test. We use a clinical-grade CLIA-certified SNP chip to provide the most accurate and comprehensive results (200,000+ genetic markers) available on the market. Vets, breeders, and families love our product – we hope you will too!"

Founded in 2015, the company has raised three previous rounds, including a $4.5 million seed round in 2017.


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