Tech News

  • How SPACs are changing the IPO game: Equity ownership of founders a big consideration
    SPACs are hot right now, and one of the reasons is they can keep more equity in the hands of founders. (GeekWire Illustration / Canva Image, adrian825) A few weeks ago, a longtime GeekWire reader sent a note expressing shock that Sana Biotechnology co-founder and CEO Steve Harr only owned 4.9% of the company after the completion of the IPO. Given that the
  • Zulily co-founder latest to join SPAC mania
    Zulily co-founder Mark Vadon speaks at the 2014 GeekWire Summit. Mark Vadon, the Seattle e-commerce entrepreneur who co-founded Zulily and Blue Nile and served as chairman of Chewy, is joining the SPAC craze. Vadon has emerged as the chairman and CEO of Big Sky Growth Partners, a blank check company that’s looking to raise $300 million via an initial public offering. Joining him
  • Boeing Insitu founders raise cash for Aerovel, which makes drones that take off and land vertically
    (Aerovel Photos) An aerospace venture started by the founders of Boeing’s Insitu business unit just raised fresh cash as the company ramps up development of its unmanned aircraft. Aerovel raised $2.4 million, according to a filing with the Securities and Exchange Commission. We’ve reached out to the company for more details about the new funding. Aerovel was started in 2006 by Tad McGeer
  • Articles by Bryan Corliss – GeekWire
    Bryan Corliss is a national award-winning freelance journalist who regularly contributes to Northwest Aerospace News magazine and the Leeham News & Analysis blog. He also has written for Seattle Business and Washington CEO magazines and The Herald newspaper in Everett. He was a Knight-Bagehot fellow at Columbia University, where he earned a master’s degree in journalism with an emphasis in business and economics
  • Epic Games is buying Fall Guys creator Mediatonic
    Fortnite creator Epic Games is acquiring video game studio Mediatonic, the maker of smash hit Fall Guys, for an undisclosed sum, the companies announced on Tuesday. The deal marks one of Epic’s higher-profile acquisitions of late, following its 2019 purchases of social video app Houseparty and Rocket League developer Psyonix. According to the blog posts and FAQs detailing the announcement, Fall Guys will
  • Nio pulled off an incredible turnaround in 2020
    Chinese EV startup Nio entered 2020 on the brink but emerged stronger than ever, thanks in large part to a government bailout. That government aid helped Nio get back on its feet just in time to ride a new wave of optimism in EVs — something that’s never been more clear than after the company offered the first snapshot of its financial performance
  • Seattle-area fintech startup Secure reveals secret: Suze Orman is part of the founding team
    Secure had a secret. And a “secret weapon.” The Seattle-area fintech startup announced recently that TV personality and best-selling author Suze Orman is one of the co-founders of the company. A spin out of Pioneer Square Labs, Secure helps employers offer a financial wellness benefit to workers beyond their paycheck in the form of an emergency savings account (ESA). Co-founder and CEO Devin Miller
  • Led by co-creator of Nintendo’s Power Glove, this startup raised $2M for its restaurant tech
    New funding: Vancouver, Wash.-based startup Perfect Company just reeled in $2 million of a larger round to help grow its software and hardware products used by restaurants for kitchen prep, food pickup, and more. Oxbridge Capital Partners invested in the company. Perfect Company CEO and co-founder Mike Wallace. (Perfect Company Photos) Perfect’s products: The 6-year-old startup is targeting commercial customers with Perfect Kitchen, a back-of-house
  • Reperio Health raises $6M for at-home medical test subscription service aimed at employers
    Part of the Reperio Health team, including co-founder and Chief Technology Officer Matt Wallington (third from left) and co-founder and CEO Travis Rush (fifth from left). (Reperio Photo) New funding: Reperio Health, a Portland-based health tech company, has raised more than $6 million as part of its seed round. The startup is building a subscription service for at-home medical test kits that includes
  • More capital for Pacific Northwest startups: Founders’ Co-op raises $50M fund, its largest yet
    Founders’ Co-op Managing Partner Chris DeVore (left) and General Partner Aviel Ginzburg. (Founders’ Co-op Photo) Seattle venture capital firm Founders’ Co-op, an early backer of billion-dollar companies such as Remitly, Outreach, and Auth0, has raised a $50 million fund to help fuel another batch of Pacific Northwest startups. It’s the firm’s fifth and largest fund to date since launching in 2008, and is
  • Vizio files to go public, has sold over 80 million TVs
    Vizio today filed its S-1 with the US Securities and Exchange Commission as the TV and soundbar maker heads toward an initial public offering. “We envision the Vizio smart TV as the center of the connected home — where families play games together, where friends watch movies together, where work and learning happen, and where all things in between take place,” Vizio founder,
  • Apple has reopened all of its US retail stores for the first time in nearly a year
    Every Apple Store location in the US has reopened as of today, roughly two weeks prior to the anniversary of the first store closures due to the coronavirus pandemic that began on March 13th, 2020. The news, reported by 9to5Mac this morning, coincides with the last of Apple’s Texas retail stores reopening on Monday. Apple also confirmed to The Verge that all 270
  • After struggling to adopt a child, this founder launched a matchmaking platform for other families
    Erin Quick and her adopted son and daughter. (Photo courtesy of Quick) After trying for four years to have their own baby — including spending $70,000 on fertility treatments and suffering three miscarriages — Erin Quick and her husband turned to adoption. “It felt like falling off of a cliff,” Quick said. The couple struggled to navigate a fragmented industry filled with small
  • Articles by Alan Boyle – GeekWire
    Video Human genome sequencing rises to the next level of diversity and accuracy by Alan Boyle on February 25, 2021February 25, 2021 at 7:36 pm Twenty years after the first human genome sequence was published, an international research team has kicked the sequencing game to the next level with a set of 64 reference genomes… Read More NASA backs concepts for deep-drilling Mars
  • AT&T spins out DirecTV as a $16B company, a quarter of what it paid in 2015
    AT&T today announced plans to spin out its various video businesses — DirecTV, AT&T TV, and U-Verse — into a new company that it will jointly control with TPG Capital. The deal sees AT&T holding on to a 70 percent stake in the company, with TPG getting the other 30. “The transaction to separate AT&T’s US video business into New DirecTV implies an
  • Here’s the first thing President Biden should do to spark entrepreneurship in the US
    The most powerful lever President Joe Biden can pull to catalyze entrepreneurship in the U.S. is immigration reform. That’s according to two experts from the venture capital community who spoke at a virtual discussion co-hosted by GeekWire and Lane Powell about the Biden administration and the entrepreneurial ecosystem. When asked about the one thing the government could do to spur more startups, National
  • Articles by Monica Nickelsburg – GeekWire
    Monica Nickelsburg is a contributing editor at GeekWire, covering technology-driven solutions to urban challenges and the intersection of tech and politics. She previously served as GeekWire’s Civic Editor and worked for The Week, Forbes, and NBC. Monica holds a BA in journalism and history from New York University. Follow her @mnickelsburg Video Here’s the first thing President Biden should do to spark entrepreneurship
  • Seattle investors talk SPACs; pandemic impact on startups; advice for founders; and more
    From top left, clockwise: Anu Sharma, partner at Madrona Venture Group; Ben Gilbert, co-founder at Pioneer Square Labs; Heather Redman, managing partner at Flying Fish Partners; and Kellan Carter, general partner at Fuse Venture Partners. When the pandemic hit last year, tech startups began laying off employees and braced for impact. The outlook was bleak, with valuations in jeopardy and companies worried about
  • Stoke Space raises $9.1 million to create a new breed of reusable upper-stage rockets
    A second-stage engine injector blazes at Stoke’s component test facility. (Stoke Space Technologies Photo) Stoke Space Technologies, the Renton, Wash.-based company founded by veterans of Jeff Bezos’ Blue Origin space venture, has attracted $9.1 million in seed investments for extending rocket reusability to new frontiers. The first goal will be to develop a new kind of reusable upper stage, Stoke co-founder and CEO
  • Fisker quietly settled trade secret spat with VW-backed battery company
    Fisker Inc. quietly settled a previously unreported trade secret lawsuit with Volkswagen-backed solid-state battery company QuantumScape last July, The Verge has learned. The suit, filed in April 2019 in Santa Clara Superior Court, was centered on a former QuantumScape employee who brought thousands of confidential documents with her to a new job at Fisker Inc. in late 2018 and early 2019. While the
  • Twitch, owned by Amazon, pulls Amazon’s anti-union ads
    Twitch is removing the anti-union ads that its parent company, Amazon, was running on the platform. The ads showed Amazon employees talking about why they want to vote no on unionization and directed viewers to Amazon’s “DoItWithoutDues” website. A Twitch spokesperson said the ads “should never have been allowed to run on [the] service,” as they violate its political advertising policies. Twitch also
  • Immigration startup Boundless consolidates customer service team; 31 employees affected
    Boundless CEO Xiao Wang. (Boundless Photo) Seattle-based startup Boundless laid off four employees and asked 27 workers to relocate to Las Vegas as part of what CEO Xiao Wang described as a restructuring. The online immigration service in September raised $7.5 million and acquired its rival RapidVisa, which had a customer operations center at its headquarters in Las Vegas. Boundless, which employs 140
  • Joby Aviation is going public, reveals its electric aircraft in flight for the first time
    Joby Aviation, the electric aviation company based in Northern California, is the latest futuristic mobility company to go public via a reverse merger with a special purpose acquisition company, or SPAC. To celebrate, the company is releasing the first footage of its electric aircraft in flight. Joby, which is backed by Toyota and recently acquired Uber’s flying taxi division, is merging with Reinvent
  • Foxconn will build a new electric vehicle for Fisker
    iPhone-maker Foxconn has agreed to build electric vehicles for Fisker Inc., the eponymous EV startup of automotive designer Henrik Fisker. In a memorandum of understanding announced Wednesday, the two companies say Foxconn will build Fisker Inc.’s second vehicle, which has yet to be announced and is due out in late 2023. Fisker told The Wall Street Journal that the companies are considering building
  • Second Wave: Meet the 11 startups picked for Washington state’s maritime accelerator
    A rendering of the new Maritime Innovation Center in the Fishermen’s Terminal, near Seattle’s Ballard neighborhood. (Port of Seattle Image) The Port of Seattle and non-profit strategic alliance Washington Maritime Blue continue efforts to merge the region’s longstanding maritime heritage with the modern innovation economy as they launched a new startup accelerator cohort last month. The maritime accelerator program first launched at the
  • ChefSteps founder returns to the kitchen with new startup and another high-tech cooking device
    The wireless thermometer and kitchen timer from Combustion Inc. (Combustion Inc. Photo) Chris Young took the temperature on current kitchen innovation and decided the time was right to get back to the business of inventing devices to make home cooks smarter and food taste better. The longtime chef and onetime co-founder and CEO of high-tech Seattle cooking startup ChefSteps, Young is moving beyond
  • Pendulum, a new Madrona Venture Labs startup, aims to combat misinformation on video platforms
    Mark Ledwich and Sam Clark. (Pendulum Photos) Misinformation is a big problem. Tech giants including Facebook, Twitter, and YouTube — which deleted 500,000 COVID-19 misinformation videos — are under scrutiny for the spread of false content on their platforms. A new startup out of Seattle wants to help provide a solution. Pendulum is the latest company being incubated inside Seattle startup studio Madrona
  • SoundCommerce raises $15M to help online retailers ‘think and act like Amazon’
    The SoundCommerce team. (SoundCommerce screenshot) Another Seattle e-commerce logistics startup is raising more cash. This time it’s SoundCommerce, which just announced a $15 million Series A round. SoundCommerce CEO Eric Best. (SoundCommerce Photo) SoundCommerce aims to help online retailers improve operational efficiency by gathering their data across various systems and channels. The idea is to provide new insights and answer questions about profitability,
  • Here’s Michael Bolton singing about payment for order flow
    You know, when I think about the stock market, I don’t really think about Michael Bolton. But I guess Public — which refers to itself as “the investing social network” — was envious that Robinhood was getting all the press attention, so it hired Bolton to revamp his 1989 hit “How Am I Supposed to Live Without You.” The new version is a
  • Lucid Motors is going public in a major SPAC merger
    Lucid Motors is going to become a publicly traded company on the New York Stock Exchange in a deal that will leave the electric vehicle startup with $4.4 billion in cash. The California startup, which is majority-owned by Saudi Arabia’s sovereign wealth fund, plans to start shipping its first luxury electric vehicle — the 500-mile range Air sedan — later this year. An
  • Another unicorn in Seattle: Enterprise sales startup Highspot raises $200M round at a $2.3B valuation
    (Highspot Photo / David Kennedy) Highspot has joined the growing list of billion-dollar startups sprouting up in the Seattle area. Highspot CEO Robert Wahbe. (Highspot Photo) Seattle’s newest unicorn just raised a $200 million Series E round that values the 9-year-old company at $2.3 billion — more than double from when Highspot raised its most recent round in 2019. Highspot’s enterprise software aims
  • Karma’s new GS-6 hybrid is a cheaper version of its luxury sports car
    Electric vehicle startup Karma Automotive has fully revealed its newest hybrid car, the GS-6. While it shares the same design as the company’s ultra-luxury sedan, the Revero GT, Karma is pricing the GS-6 at nearly half the price — $83,900 — in a bid to reach a much wider set of customers. Karma says it’s able to do that because it plans to
  • VC shares 5 tips for startup founders who are ready to raise their Series A round
    Phil Boyer, partner at Crosslink Capital. (Crosslink Photo) Your startup just hit $1 million in annual recurring revenue. You’ve got product market fit. Now you’re ready for more capital to supercharge that growth — it’s time to raise a Series A round. But how should you pitch investors? What are they looking for? What do they care about? What will it take to
  • Tech Moves: Wyze names first CFO; OutSystems exec relocates to Seattle; Flying Fish adds partner
    Francis Lee. (Wyze Labs Photo) — Smart home startup Wyze Labs named Francis Lee as its first chief financial officer. A longtime Nike exec, Lee was most recently head of Global Marketing Finance for the athletic retail giant and previously served as CFO for Nike Japan, among other roles. Based in Kirkland, Wash., Wyze Labs rolled out a bevy of new products last
  • E-commerce logistics startup Pipe17 raises $8M amid pandemic-driven online shopping surge
    Pipe17 CEO Mo Afshar. (Pipe17 Photo) New funding: Seattle startup Pipe17 announced an $8 million seed funding round for its platform that helps online retailers tie together various e-commerce software systems related to inventory, order flow, fulfillment, and more. GLP Capital Partners led the round. Pipe17’s tech: The 25-person company provides the connective tissue that brings data together and gives a real-time bird’s eye
  • Knock raises $20M as pandemic drives demand for software used by apartment property managers
    New funding: Knock announced a $20 million round to fuel growth of its apartment property management software. It follows a $12 million round raised in May and pushes total funding to $47 million for the 7-year-old company that employs 104 people. Knock’s tech: Knock describes its software category as the “intelligent front office,” helping property managers deal with marketing, sales, CRM, retention, performance management, predictive
  • AMC A-List subscribers can now wait until July to reactivate due to lack of new Hollywood releases
    AMC Theatres has announced another extension for subscribers of its Stubs A-List membership who are mulling over when to reactivate. Now, existing members of the MoviePass-style plan can wait until July to decide whether they’d like their plan to resume or whether they’ll cancel instead. Previously, AMC said in November it would give subscribers a deadline of March 1st to reactivate or cancel
  • Notch Therapeutics raises $85M for cancer treatments and plans to open Seattle location
    Notch Therapeutics is commercializing technologies developed in the labs of Juan-Carlos Zúñiga-Pflücker, left, chair of Notch’s scientific advisory board, and Chief Scientific Officer Peter Zandstra. (University of Toronto and Notch Photos) New funding: Notch Therapeutics has raised a $85 million Series A round, bringing its total funding to $91 million. The biotech company was founded in 2018 and is developing stem cell-derived immunotherapies
  • Ally raises $50M as remote work drives demand for goal-setting collaboration software
    Ally founder and CEO Vetri Vellore accepts the award for Startup of the Year at the GeekWire Awards 2020. Investors are going all in on Ally. The Seattle startup just landed a $50 million Series C round led by Green Oaks Capital, Tiger Global, and Madrona Venture Group. Total funding to date is $76 million since the company’s launch in 2018 and two
  • Slack fight: Has the hype over WhatsApp alternatives come to an end? | NextPit
    Also read: Slack Fight #1: Phones without chargers – is it a sincere attempt at saving the planet? Let’s talk about WhatsApp – again! How many years has it been since WhatsApp has been criticized? Ever since the hugely popular instant messaging app was gobbled up by Facebook, users did consider whether it is time to migrate to greener pastures and settle for an alternative. 
  • Robinhood’s in better shape than it looks
    Illustration by Alex Castro / The Verge Never mind the House hearing, the company’s full steam ahead So here we are: about to have a hearing about GameStonk. Robinhood CEO Vlad Tenev is going to have to explain himself tomorrow. What happens next for Robinhood? Perhaps you recall last month, when GameStop stock shot up by as much as 500 percent, hitting a
  • Ford says it will go all-electric in Europe by 2030
    Ford will only sell electric vehicles in Europe by 2030, it said Wednesday. The automaker said it will spend $1 billion to convert its factory in Cologne, Germany, into its first EV production line on the continent. Ford says it will transition to EV-production gradually over the next decade. By 2024, the company’s entire commercial vehicle lineup will be “zero-emissions capable, all-electric or
  • Fred Hutch biotech spinout Ozette raises $6M from Madrona, AI2, Vulcan
    Ozette co-founders Dr. Ali Ansary (left), CEO, and Greg Finak, CTO. (Ozette Photos) New funding: Ozette, a biotech company that last year spun out of the Fred Hutchinson Cancer Research Center and was incubated at the Allen Institute for Artificial Intelligence (AI2), has raised a $6 million seed round. The Seattle-based company has eight employees with plans to double that number in the
  • Sennheiser says it’s open to selling its consumer audio business
    Sennheiser announced on Tuesday it’s looking for a new partner to buy its consumer audio business, which consists of headphones and soundbars. It’s going to shift its focus entirely to professional audio, including its Neumann microphone division and what Sennheiser calls business communications. In a press release, Sennheiser says it wants to increase visibility in the competitive headphone and soundbar markets, and it
  • Seattle HR startup creates virtual program to meet surge in demand for diversity training
    Cheryl Ingram, left, a DEI expert and author, and Mikaela Kiner, founder of the digital HR startup Reverb. After the death of George Floyd, tech leaders came together last spring and summer to condemn police brutality and vowed to do more to support racial equity and diversity. In the Pacific Northwest that included corporations such as Amazon, Microsoft, Zillow and T-Mobile as well
  • iOS and Android apps that are free for now | NextPit
    Are you looking for free apps that would otherwise cost you a pretty penny? If you answered in the affirmative, then you’ve come to the right place. NextPit has just picked out a slew of such applications in the Google Play Store and Apple’s App Store, so hopefully, there is something that you find yourself interested in this week.  Each week, Ben goes
  • Our 5 free and paid Android/iOS applications of the week | NextPit
    As the case is every week, I’m going to talk about 5 free/paid mobile applications and games that are worth downloading this week. Apart from my own selections, I have added a few suggestions from the members of the NextPit community. Privacy Overlay Privacy Overlay is an application that allows you to apply an overlay to your screen to hide content from being
  • Amazon delivery app Mentor tracks drivers’ locations and measures their performance
    Amazon built its own in-house mobile app called Mentor that it uses to track the location and rate the performance of third-party delivery drivers, according to a new report from CNBC. The app tracks a driver’s location at all times and also generates a daily score that factors into performance evaluations, with low scores potentially harming a third-party delivery company’s relationship with Amazon
  • Fred Hutch, Univ. of Washington biotech spinout Ensoma launches with $70M in funding
    Dr. Hans-Peter Kiem of the Fred Hutchinson Cancer Research Center. (Fred Hutch Photo) New spinout: Boston-based biotech startup Ensoma launched Thursday and announced a $70 million Series A funding round. The company is built on technology developed over two decades by Seattle researchers Dr. Hans-Peter Kiem of the Fred Hutchinson Cancer Research Center and Dr. André Lieber of the University of Washington School
  • Articles by Lisa Stiffler – GeekWire
    Lisa Stiffler covers nonprofits, companies and researchers who are applying technology to environmental, energy, health, transit, education and other societal challenges. Lisa is from the Northwest and a University of Washington alumna twice over, with a background in cell biology that was jettisoned for the excitement and nearly instant gratification of journalism. Her first real media gig was at the Seattle Post-Intelligencer where
  • Articles by John Cook – GeekWire
    John Cook is the co-founder of GeekWire, a national technology news site and community. He started GeekWire in 2011 with veteran journalist Todd Bishop, building on more than two decades of combined experience covering the Pacific Northwest technology community. As co-founder and publisher, John oversees business, event and community operations, bringing the GeekWire community together in creative, informative and fun ways. A sought-after
  • Spotify to let employees keep working remotely and now choose what country they work from
    Spotify is jumping on the remote work bandwagon in a big way with an announcement on Friday that it will let its employees choose where they’d like work, both for their preference of coming into the office or staying mostly at home and their geographic location in the world. Spotify is calling the initiative Work From Anywhere and it describes it as a
  • The Switch continues its bestselling streak, but the PS5 is making more money
    The Nintendo Switch continues to perform very well, selling the most units out of any other gaming hardware in the US in January, according to gaming analyst firm The NPD Group. But Sony’s PlayStation 5 still made more money last month, despite a more limited supply. According to NPD’s January report, the Switch was the bestselling hardware platform in terms of units sold
  • Pet sitting marketplace Rover grabs a bone, valued at $1.3 billion in latest SPAC deal
    Another day, another SPAC. Today, we’ve learned that Seattle online pet sitting marketplace Rover plans to join the public ranks via a merger with True Wind Capital’s SPAC that values the company at a $1.35 billion enterprise valuation. The deal: Rover will add approximately $325 million to its cash balance as part of a merger with Nebula Caravel Acquisition Corp, a publicly-traded SPAC
  • Tech Moves: Zillow exec Racquel Russell joins Bird’s board; new gig for startup vet Rebecca Lovell
    Racquel Russell. (Bird Photo) — Zillow’s VP of Partner Success Racquel Russell joined the board of micro-mobility company Bird, known for its scooter sharing platform. “As a city dweller with a strong public policy background, I know how communities can benefit from having diverse ways to commute and cover first and last-mile transportation needs,” said Russell. Russell joined Zillow in 2015, originally as
  • 14 U.S. health systems form new Seattle startup, plan to pool data in search for breakthroughs
    A group of 14 U.S. health systems, representing tens of millions of patients across 40 states, will pool their data using software developed by Seattle startup Truveta, leveraging artificial intelligence to search for medical breakthroughs and previously undetected patterns of inequity in healthcare. Terry Myerson, Truveta CEO. The company, led by former Microsoft Windows chief Terry Myerson, gave new details about its origins
  • Apptio makes another acquisition, buying enterprise agile planning startup Targetprocess
    (Apptio Photo) Cloud-based IT management startup Apptio has acquired enterprise agile planning startup Targetprocess in a bid to bring together financial governance with agile portfolio management. Bellevue, Wash.-based Apptio believes that with greater transparency and accountability, Targetprocess will help it offer its clients a holistic view of technology investments across on-premise, cloud, and development resources. From there, they can make smarter decisions about
  • Clubhouse: Facebook and Twitter work on copycats | NextPit
    The unprecedented success of Clubhouse seems to have led to alarm bells ringing at rival social media platforms. As I type this, we are hearing reports about both Facebook and Twitter working on similar features. In fact, Twitter has already introduced something similar called “Spaces”. According to NYT, Facebook is working on its own audio chat feature A few days ago, Mark Zuckerberg
  • Led by ex-Amazon and Microsoft managers, Seattle startup Level raises $1.5M for flexible credit service
    Level CEO David Edelstein. (Level Photo) Seattle startup Level raised $1.5 million to fuel growth of its credit service targeted at independent contractors. The company partners with marketplace platforms such as Dolly, Porch, and Keepe, which use Level to offer workers flexible credit options that are only paid back when they earn. It allows contractors a chance to purchase assets and access capital
  • Seattle startup’s bright idea: High-tech crosswalk could signal a way to improve pedestrian safety
    Janie Bube wants to improve the visibility of pedestrians in crosswalks. (Ben Murphy Photography) On a rainy, foggy night in Seattle, an incident in a crosswalk changed the path that Janie Bube was on. A University of Washington student at the time, Bube was walking near the Burke-Gilman Trail when she was hit by a bicyclist in December 2018. Nobody was hurt, but
  • Salesforce declares the 9-to-5 workday dead, will let some employees work remotely from now on
    Cloud computing company Salesforce is joining other Silicon Valley tech giants in announcing a substantial shift in how it allows its employees to work. In a blog post published Tuesday, the company says the “9-to-5 workday is dead” and that it will allow employees to choose one of three categories that dictate how often, if ever, they return to the office once it’s
  • Seattle-area startup Fabric raises $43M to help retailers keep up with online shopping boom
    Fabric CEO Faisal Masud. (Fabric Photo) New funding: E-commerce startup Fabric has raised $43 million to help mid-market brands that are trying to keep up with Amazon but don’t have the technical expertise or capability to build out robust e-commerce systems. Fabric’s software: The company’s software helps retailers sell their products online. Its flexible platform is described as “headless,” or “modular commerce.” Customers
  • Chinese company patents ‘Drunk Mode’ for smartphones to prevent you from drunk texting | NextPit
    I am not sure about you, but I have had many instances where some of my friends ended up sending an unwanted text (it’s mostly to an ex), or send a less than glamorous photo of themselves to someone really important or just post the same on social media. While there have been several apps that have been designed to prevent such incidents,
  • Nuance acquires Seattle digital health startup Saykara to boost healthcare AI products
    Saykara CEO and founder Harjinder Sandhu speaking at the Health Tech stage of the 2018 GeekWire Summit. (GeekWire Photo / Kevin Lisota) Nuance Communications has acquired Saykara, a Seattle health-tech startup that makes a voice assistant for clinicians. Nuance, based in Boston and publicly traded, will use the deal to boost its own AI-related healthcare products. The acquisition brings together familiar players. Saykara
  • Jeff Bezos-backed startup Nautilus Biotechnology set to go public via SPAC at $900M valuation
    Nautilus Biotechnology co-founders Sujal Patel (left) and Parag Mallick. (Nautilus Photo) Nautilus Biotechnology, a Seattle-based biotech startup led by Isilon co-founder Sujal Patel, is the latest company to go public using a special purpose acquisition company, or SPAC. The deal, announced Monday morning, will inject approximately $350 million into Nautilus, which is developing a next-generation platform to analyze the human proteome, or the
  • Our 5 free and paid Android/iOS applications of the week | NextPit
    As the case is every week, I’m going to talk about 5 free/paid mobile applications and games that are worth downloading this week. Apart from my own selections, I have added a few suggestions from the members of the NextPit community. Remindoze, to settle your accounts Remindoze is a very basic utility application to create and send reminders to people who owe you
  • Rad Power Bikes raises massive $150M round to scale e-bike business across globe
    (Rad Power Bikes Photos) After a pandemic year that spurred huge demand for its e-bikes, Rad Power Bikes is raising $150 million to fuel growth. It’s the largest investment in an e-bike brand and reflects investor confidence in a global electric bike market expected to nearly double in size to $70 billion by 2027. Profitable and growing, Rad CEO Mike Radenbaugh said that
  • Seattle startup Pandion, led by Amazon Air founder, raises $4.9M to take on modern delivery challenges
    (Pandion Photo) An Amazon veteran who helped the tech giant take on the explosion in e-commerce retail deliveries is striking out on his own to tackle the challenge. Seattle-based startup Pandion announced Wednesday that it has emerged from stealth mode and raised $4.9 million in seed funding. Founder and CEO Scott Ruffin, a onetime logistics captain in the U.S. Marine Corps, has over
  • Carbon-capture company Svante raises $75M to trap emissions at their source
    Claude Letourneau, president and CEO of Svante. (Svante Photo) Vancouver, B.C.-based Svante has closed a $75 million funding round. The company calls it “the largest private investment into point source carbon capture globally to date.” Since launching in 2007, the Canadian company has developed a technology for trapping industrial carbon emissions where they’re released — such as facilities responsible for cement manufacturing, blue
  • Julie Larson-Green retires as Qualtrics CXO following IPO; Instacart names Asha Sharma COO; and more
    Julie Larson-Green Julie Larson-Green, an engineering leader and executive who spent more than 25 years at Microsoft, is retiring from her position as the chief experience officer at Qualtrics following the experience management technology company’s recent initial public offering. She has worked for Qualtrics, which has dual headquarters in Seattle and Provo, Utah, since 2017. Speaking with GeekWire this week, Larson-Green said the
  • Articles by Todd Bishop – GeekWire
    Todd Bishop is GeekWire’s co-founder and editor, a longtime business and technology journalist who reports on subjects including AI, the cloud, startups, and health technology, plus Amazon and Microsoft, in addition to hosting GeekWire’s weekly podcast. A native of Orland, Calif., he has worked as a reporter for publications including The Philadelphia Inquirer, Puget Sound Business Journal and the Seattle P-I. Julie Larson-Green
  • Techstars Seattle grad Insent raises $2M to take on Drift and Intercom with B2B marketing chatbot
    Insent co-founders Arjun Pillai (left) and Prasanna Venkatesan. (Insent Photo) Insent landed $2 million to help mid-market B2B companies improve how they identify and communicate with potential buyers. The Seattle-based startup sells a “human-first” chatbot that integrates with marketing and sales platforms, and helps start conversations with new site visitors. “By guiding their buyers at the right time and proactively alerting your salespeople,
  • Free iOS and Android apps for this week | NextPit
    Are you looking forward to the free apps this week just to save a few pennies or even some dollars? Times are hard, and every single cent counts. You have definitely come to the right place here at NextPit because we consistently pick out free apps of the week that are available on the Google Play Store and Apple’s App Store. Perhaps there
  • The latest GameStop stock dip looks like the end of the line
    When GameStop’s stock price fell by over 50 percent on Tuesday, closing at $90, we weren’t sure if it was going to pick back up or keep going down. It seems we now have our answer, as GME is down another 41 percent, closing today at just $53.50. That’s less than the stock sold for the week before it took off on a
  • Event marketing startup Banzai makes another acquisition, scoops up webinar platform Demio
    Banzai, a Seattle startup that sells event marketing software, has acquired Demio, a Tampa, Fla.-based webinar platform. Terms of the deal were not disclosed. Banzai plans to introduce a new product called Demio Enterprise that will integrate with Banzai Reach. Demio will continue serving existing customers as a standalone product. Demio’s 23 employees will join Banzai, which now employs 114 people. Banzai in
  • Google’s AI-focused venture fund leads $5.4M investment for Seattle analytics startup Iteratively
    Iteratively CEO Patrick Thompson. (Iteratively Photo) Seattle startup Iteratively raised a $5.4 million round led by Gradient Ventures, Google’s AI-focused venture fund. Founded in 2019 by veterans of Atlassian and Microsoft, Iteratively sells software to data and product teams for customer analytics tracking. The idea is to help prevent data quality problems at the outset of entry and have standardized customer data in
  • Sana joins Nasdaq with blockbuster $587M IPO
    Sana’s gene editing tech could provide treatments for a number of diseases. (Image: IPO filing) Sana Biotechnology raised $587.5 million in an initial public offering, a significant cash haul that the 3-year-old Seattle company will use to continue a quest to treat disease using cutting-edge gene engineering. The company, led by former executives of Juno Therapeutics, priced 23.5 million shares at $25 per
  • Ciara joins board of Seattle startup Amperity to help guide corporate social responsibility efforts
    Seattle singer, entertainer, entrepreneur Ciara. (Photo courtesy of Amperity) Amperity is adding some more star power to its board of directors. The Seattle-based customer data platform announced Thursday that Grammy-winning singer Ciara will head up corporate social responsibility efforts, serving as an advocate and advisor on Amperity’s community initiatives. Ciara, the wife of Seattle Seahawks quarterback Russell Wilson, is involved in a diverse
  • Want to look good before that Google Meet conference? Try the new preview feature | NextPit
    Horrible sound, black video screens and awkward moments at the beginning of video calls could be a thing of the past on Google Meet. Google is finally rolling out a meaningful preview feature that lets you find out how your video feed will be received by the other party. Since the beginning of the Corona crisis, developers of video chat apps have been
  • Meet Andy Jassy, Amazon’s next CEO
    Andy Jassy speaking at the 2019 CERAWeek ConferencePhoto: Getty Images The exec helped Amazon soar in the cloud, and now he’ll determine the company’s future Amazon is getting a new CEO for the first time in its 27-year-history: cloud computing chief Andy Jassy, who will be replacing co-founder Jeff Bezos later this year. Jassy, currently the CEO of Amazon Web Services (AWS), is
  • Sana Biotechnology boosts IPO range, looks to raise $517 million
    Sana’s technology (screen grab via IPO filing) Sana Biotechnology — the Seattle upstart that’s looking to treat a variety of diseases through gene therapy and cell engineering — is generating  buzz on Wall Street. Sana boosted the number of shares it plans to sell in an initial public offering this week, and now expects to sell 22 million shares at $23 to $24
  • Accounting software startup Lockstep raises $10M to help businesses better manage cash flow
    Lockstep CEO Peter Horadan. (Lockstep Photo) Lockstep, a Seattle startup using software and the cloud to improve accounting practices, has raised $10 million in a Series A funding round, the company announced Wednesday. Founded in 2019, Lockstep’s “connected accounting” relies on tools such as email automation and accounting-specific inboxes for accounts receivable and accounts payable teams, helping to eliminate the cash traps and
  • Seattle tutoring app founders learn to harness TikTok to build a huge base of potential users
    The Kadama team, from left: Dani Shaykho, Amin Shaykho and Marwan El-Rukby. (Kadama Photo) The young founders of Seattle-based tutoring app Kadama have been learning for years how to launch and grow a startup, and even pivot in the face of a game-changing pandemic. Their latest lesson has been on TikTok, where they’re getting an education in how viral content can be used
  • Articles by Cara Kuhlman – GeekWire
    Cara Kuhlman is GeekWire’s editorial operations director. A longtime writer, avid sailor and organizer of things, she graduated from the Clark Honors College at the University of Oregon. Reach her at cara@geekwire.com and follow her @cskuhlman. Tech Moves: Accolade’s new board member; Adaptive Biotechnologies names a COO; and more by Cara Kuhlman on February 1, 2021February 1, 2021 at 10:25 am — Health
  • Lego wants to soothe your soul with its new white noise playlist | NextPit
    Lego is not a brand you would associate with Music – but they are in the news after the company released a new album, called “Lego White Noise” on popular music streaming platforms. Aimed to soothe your senses and possibly, take you back to your childhood, the audio tracks primarily consist of sound made by lego bricks. The album, “Lego White Noise,” popped
  • Sony sold 4.5 million PlayStation 5 consoles last year
    Sony shipped 4.5 million PlayStation 5 units worldwide in 2020, as revealed by information published alongside the company’s latest earnings report. The number highlights Sony’s current ability to mass-produce the console, which has been extremely difficult to buy since its launch in November. Demand for the PlayStation 4 dropped dramatically year-on-year, with 1.4 million units shipped in the October-December quarter — a 77
  • This hypercar is China’s first Belt and Road electric vehicle project
    A new engineering and design startup called Silk EV headquartered in Italy’s venerable Motor Valley is more than just another attempt at making an electric hypercar. It’s also the latest arrow in the quiver for China’s massive Belt and Road project, though the first that deals with electric cars. Silk EV announced on Tuesday that it will co-develop an “ultra-luxury hypercar” called the
  • Vicis unveils revamped high-tech helmet under new ownership following tumultuous startup journey
    Vicis is back. The one-time Seattle startup darling that went through a major and sudden downfall in 2019 just debuted a new-and-improved version of its high-tech football helmet called the ZERO2. The launch marks a milestone in what’s been a roller coaster for Vicis over the past few years. After spinning out of the University of Washington in 2014, Vicis garnered attention for
  • Led by ex-Starbucks digital chief Adam Brotman, Seattle startup Brightloom raises $15M
    Brightloom CEO Adam Brotman. (Brightloom Photo) Brightloom has raised $15 million as it aims to help companies turn their customer data into personalized marketing campaigns. Brightloom evolved out of restaurant automation startup Eatsa in 2019, when it brought on former Starbucks digital chief Adam Brotman as CEO and moved the company to Seattle. It also landed investment from Starbucks at the same time.
  • How to use Street View in split-screen mode on Google Maps | NextPit
    When searching for addresses in Google Maps, it’s a good idea to use both the Street View and the Live Map with your location. Until now, however, you had to constantly switch between the two features. Not any more! Thanks to a recent update, it is now possible to use Google Maps Live View and Street View in split-screen mode. Let’s see how it is
  • Robinhood is facing dozens of lawsuits over GameStop stock freeze
    Stock trading app Robinhood is facing dozens of lawsuits after the company restricted several stocks popular on the r/WallStreetBets subreddit. At least 30 parties across 10 states have sued the company in federal court, many seeking class action status. They allege that Robinhood users lost millions of dollars because they were unable to buy or sell stock during the freeze, and that the
  • Tech Moves: Accolade’s new board member; Adaptive Biotechnologies names a COO; and more
    Cindy Kent. (Accolade Photo) — Health benefits platform Accolade named Cindy Kent to its board of directors. Kent is currently EVP and president of senior living at Brookdale Senior Living. She previously served on the board of Best Buy and was president and general manager of the 3M Infection Prevention Division. The Seattle and Philadelphia-based company also announced that OMERS Ventures Managing Partner
  • Our 5 free and paid Android/iOS applications of the week | NextPit
    As the case is every week, I’m going to talk about 5 free/paid mobile applications and games that are worth downloading this week. Apart from my own selections, I have added a few suggestions from the members of the NextPit community. Without further ado, here are the top Android and iOS Apps of the week DM Me, for your contacts remaining on WhatsApp
  • Nintendo raises Switch sales forecast after monster holiday quarter
    Nintendo has posted earnings for a huge holiday quarter in which the Switch sold more consoles than ever. 11.57 million consoles were moved in total, bringing the Switch close to 80 million sold since its 2017 launch. Nintendo has increased its forecast for the fiscal year ending March 31st to 26.5 million Switch units, also boosting its net profit estimate 33 percent to
  • Only for a short time: Free Apps for iOS & Android | NextPit
    Once a week, we check the Google Play Store and the AppStore for iOS for free apps! In the list below, you will find apps and games that usually cost money but are free at the time of publishing this article. Tip: Even if you do not need any of these apps right now, it would be a good idea to download them
  • How many stocks will Robinhood let you buy? The numbers keep shrinking
    Robinhood only wants users to have a limited number of shares of companies like GameStop, and that number keeps getting smaller and smaller. On Thursday, the company halted users’ ability to buy stocks that were associated with r/WallStreetBets, including GameStop, AMC, and Nokia, but the company promised that users would be able to buy limited quantities on Friday. Today, it released a shifting
  • Go read this profile of the trader whose huge bet on GameStop moved the entire market
    The markets are not okay. If you’ve paid any attention to internet chatter this week, you’ve probably seen the names RoaringKitty or DeepFuckingValue — the bullish trader behind the recent GameStop stock phenomenon who’s inspired millions of retail investors to get behind his bet, which has nearly bankrupted at least one hedge fund. Until recently, the person behind the handles has been something
  • Convoy freight report for 2020 shows how effects of pandemic rippled through trucking industry
    (Convoy Photo) As COVID-19 sent a wave of shock through consumer habits in the early weeks of the pandemic, the effects also rippled through the U.S. trucking industry. But according to an inaugural “Freight Insights Report” for 2020 from Seattle-based Convoy, the data tells a story of continuity as much as it does disruption. Convoy, a digital freight startup, analyzed millions of pickups
  • Robinhood will allow “limited buys” of stocks like GameStop, starting on January 29th
    Robinhood has announced that, beginning on Friday, January 29th, it will allow “limited buys” on restricted stocks, potentially signaling the end of a brutal day-long hold on GameStop, AMC, BlackBerry, Nokia, and other stocks. “Starting tomorrow, we plan to allow limited buys of these securities,” the company said in a blog post. “We’ll continue to monitor the situation and may make adjustments as
  • Faraday Future is going public and raising $1 billion
    Faraday Future is going to become a publicly traded company on the Nasdaq stock exchange and is raising around $1 billion in the process. The troubled EV startup announced Thursday that it is indeed merging with special purpose acquisition corporation (or SPAC) Property Solutions, as first reported by Bloomberg earlier this month. About $230 million will come from the money that Property Solutions