Jana lands $57 million in Series C, adds Tim Armstrong to its board

February 20, 2016
by Admin

By Erin Rohr
This week, Boston-based Jana, a mobile startup that works in developing countries, added CEO Tim Armstrong of Verizon’s AOL unit to its board and landed $57 million in Series C funding from Verizon Ventures. The company covers the costs of data in more than 90 countries, with advertisers sponsoring the sessions, and it has more than 30 million monthly users. Jana will use its new round of funding to increase its sales team in key markets, such as India and Brazil.
Below is a recap of additional trending conversations and news from Boston’s startup ecosystem:
BetaBoston: Why entrepreneurs still bolt from Boston

Scott Kirsner interviewed a dozen young, successful entrepreneurs who bolted from Boston for either San Francisco or New York to gain a better understanding of the factors that triggered their moves. Two popular items that didn’t come up: the cost of housing and the creakiness of the MBTA.

BetaBoston: Seven Bridges lands $45M for biomedical data software

The Cambridge startup developing software to analyze genomes and medical data, Seven Bridges, has received $45 million in a Series A round from Kryssen Capital. The company is also adding high-profile names to its advisory board, including former U.S. Senator Tom Daschle and Kai-fu Lee, a former executive for Google and Microsoft.

BostInno: Startup Institute Is Launching a Data Science Course & It Looks Pretty Cool

With an increased demand for employees with analytics skills, data science jobs are some of the sexiest titles on today’s market. The Startup Institute is capitalizing on this demand and launching a new part-time course in the data science field. Partnering with Stattleship, a platform for sports data, stats and social media, the duo will launch its entertaining and relatable data analytics curricula on March 3

Business Insider: Everything you've ever wanted to know about venture capital, but were too afraid to ask

The world of venture capital has its own language – from down rounds and valuations to acqui-hires, exists and more. If you are trying to figure out what exactly it means when you read an article about Uber raising its $2 billion at a $62.5 billion valuation, this slideshow is your new best friend.

What are your favorite Boston-based stories from the week? Tell us what we missed.

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