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DUST Identity's $10 million financing tops recent funding news in Boston

Boston-based supply chain management company DUST Identity has secured $10 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced July 17 and led by Kleiner Perkins.

According to its Crunchbase profile, "DUST — the Diamond Unclonable Security Tag — is a proprietary technology which utilizes nanodiamonds to create an unclonable identity layer on any object. An optical scanner and cloud-based infrastructure provides an interface to the object identity and provenance."

The two-year-old startup also raised a $2.3 million seed round in 2018.

The round brings total funding raised by Boston companies in privacy and security over the past month to $13 million, an increase of $6.5 million from the month before. The local privacy and security industry has seen 12 funding rounds over the past year, securing a total of $40 million in venture funding.

In other local funding news, mechanical engineering company Fortify announced a $10 million Series A funding round on July 17, led by Accel.

According to Crunchbase, "3DFortify is an advanced manufacturing startup that aims to disrupt additive manufacturing, ushering in a new generation of custom, high performance products. We have developed a patented process that combines 3D printing and magnetics to create aligned reinforced carbon fiber composites."

Founded in 2016, the company has raised three previous rounds, including a $2.5 million seed round earlier this year.


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