Watertown-based SQZ Biotechnologies closed its Series C round of funding with $72 million in investments. Founded in 2014, the healthcare start plans to use th3e funds to launch clinical trials on antigens that can activate T-cells in the immune system to fight tumors and other targets. Read more at the Boston Business Journal.
RESIDENTIAL REAL ESTATE
Carpenter & Company topped-off its 742-foot One Dalton project this week. The 61-story Four Seasons Hotel and Private Residences One Dalton Street is the tallest new tower to be built in Boston since 1976 and brings 215 hotel rooms and 160 luxury condos to the area. Read more at Curbed Boston.
Boston-based RateGravity is about to close its seed-plus round of funding with $1.45 million in investments, led by Chicago-based Listen Ventures. This brings the mortgage-matching service startup’s total investments to $3.45 million since it was founded in 2016. Read more at American Innovation.
Samsung Electronics announced plans to spend $22 billion to invest in autonomous driving, the Internet of Things (IoT) and robotics businesses. The funds will go towards hiring artificial intelligence researchers in 1,000 artificial intelligence centers worldwide as well as investing in the company’s biopharmaceutical arm. Read more at The New York Post.
Starwood Property Trust Inc. has entered into an agreement to acquire a General Electric Co. energy-finance business for $2.56 billion. The GE portfolio includes $2.1 billion of 51 loans and $400 million of unfunded commitments. Read more at Yahoo Finance.
The New York Times added 109,000 digital-only subscribers in the second quarter of the year for a total of 2.9 million out of 3.8 million subscribers total. The publication’s revenue increased 20 percent during the same time period to $99 million. Read more at The New York Times.