Studies show $63 billion is spent annually on sleep-deprivation costs in the U.S. Arianna Huffington is on a mission to create a worldwide culture shift about the business value of healthy, rested employees. As Huffington predicts, one day, nap rooms will be as common in offices as conference rooms. “I’ve become a passionate advocate of recognizing that we’re all living under a collective illusion, and that’s in order to succeed, achieve and conquer, we have to burn out,” Huffington said at a Thursday event in Boston, hosted by software firm Bullhorn.
Below is a recap of this week’s other trending conversations and news from Boston’s startup ecosystem
_Underscore.VC, formerly known as Assemble.VC, raised a $75 million fund and plans to invest in cloud intelligence companies at seed and Series A funding stages. The firm – led by Michael Skok, former North Bridge general partner; former Demandware CEO John Pearce; and C.A. Webb, former head of New England Venture Capital Association – aims to invest and help build companies by harnessing its core of more than 50 experts in the startup community.
Openbay, a roadside assistance company, allows users to pay only for the services they use rather than paying an annual fee. The service is available through a free smartphone app for iOS and Android. The company originally launched in 2012 to match car owners in need of repairs with local shops that bid on jobs, allowing car owners to get several estimates before ever taking their cars into a shop.
Buildium, a property management platform, secured $65 million in funding from lead investor Sumeru Equity Partners. The funds will be used for product development to expand the platform. This investment follows the venture’s 2015 acquisition of All Property Management.
During his keynote at BostInno State of Innovation this week, Governor Charlie Baker talked about why he thinks digital health is the next big frontier for Massachusetts. "Wearable devices is a fairly new phenomenon, but it's a big part of what I think a lot of people believe is going to be the future in healthcare," Baker said. Healthcare is moving away from what Baker calls a transactional model — you break a leg, you fix it; your appendix ruptures, you take it out — to a model for managing long-term chronic illness.