TOP NEWS

Eastwind Networks Gets $162,000 Grant From USTAR

Salt Lake City-based Eastwind Networks, which develops cybersecurity software and breach detection and incident response tools, has scored $162,000 in a grant from Utah Science Technology and Research (USTAR). The company said the grant comes as part of USTAR's Technology Acceleration Program. Eastwind Networks was one of 155 applicants for the program, which provides funding to companies in Utah's "targeted" technology sectors. Eastwind Networks is led by Paul Kraus....Continue →


Datavail Buys Navantis

Broomfield, Colorado-based Datavail, a provider of managed database administration and other related services, has acquired Canadian company Navantis, the two said this morning. Financial details of the acquisition were not announced. Navantis has 200 employees, and was backed by Genuity Capital Partners (now Hawthorne Partners). Navantis provides application development, support and systems integration for Microsoft Dynamics CRM, SharePoint and .NET....Continue →


ProtectWise Finds $25M In Series B

Denver-based ProtestWise, a developer of enterprise security software, said on Wednesday that it has raised $25M in a Series B funding round. The funding came from Arsenal Venture Partners, Top Tier Capital Partners, Tola Capital and other strategic investors. As part of the funding, Jay Leek of ClearSky joins the company's board. ProtectWise is led by Scott Chasin....Continue →


Rise Broadband Expands In Ten Markets

Denver-based fixed wireless Internet and phone provider Rise Broadband is in a market expansion today, saying that it has expanded its fixed wireless network in ten markets. Rise said the expansion comes in conjunction with the FCC's Connect America Fund program, which helps to fund infrastructure expansion in rural areas to offer up high-speed Internet networking. Rise said that the expansion includes cities in Iowa, Texas, Nebraska, Illinois, and Kansas....Continue →


Favor Withdraws From Denver Market

On-demand, delivery service startup Favor has withdrawn from the Denver market, as part of a larger retreat of the mobile app developer from markets outside its home in Texas. Favor had launched in Denver in May of 2015, offering up delivery of all kinds of items from local stores. Favor is venture backed by Tim Draper and Silverton Partners.Continue →


InsideSales Raises $50M In New Funding

Provo, Utah-based InsideSales, one of the unicorns on Utah's "Silicon Slopes", announced this morning that it has raised $50M in a new growth equity round of funding. The funding was led by Polaris Partners, and also included Microsoft, the Irish Strategic Investment Fund, and others. Existing investors Kleiner Perkins Caufield Byers, Hummer Winblad, U.S. Venture Partners, Epic Ventures, and Zetta Venture Partners also participated....Continue →


C7 Data Centers Acquired By DataBank

Salt Lake City-based C7 Data Centers, which has a big data center operation in Utah, has been acquired by DataBank Ltd., a provider of enterprise data center services. Financial terms of the acquisition were not announced. DataBank is based in Dallas, Texas, and is owned by Digital Bridge Holdings. According to C7 Data Centers and backer Signal Peak Ventures, the exit was a "significant portfolio achievement" for Signal Peak. C7 Data Centers was headed by Wes Swenson....Continue →


Pelion Leads Investment In AI Startup Neurala

Salt Lake City-based venture investment firm Pelion Ventures is the lead investor in an investment round for Boston-based artificial intelligence startup Neurala this morning. Neurala said it raised $14M in a Series A funding this morning, led by Pelion Ventures, and also including Sherpa Capital, Motorola Ventures, SK Ventures, Idinvest Partners, and Draper Associates. The company was seeded by Tim Draper, 360 Capital Partners, and Haiyin Capital....Continue →


SecureSet Academy Raises $4M

Denver-based SecureSet Academy, which provides bootcamp-style education for cybersecurity training, has raised $4M in a Series A funding. The funding was led by the Colorado Impact Fund.The company says it currently has campuses in Denver and Colorado Springs, and plans an expansion to Tampa later this year. SecureSet Academy said the funding goes towards expansion of its program nationally. Bret Fund is founder of SecureSet Academy.Continue →


Ascent360 Gets $1.9M For Online Marketing Software

Golden, Colorado-based Ascent360, a developer of online marketing analytics software, has raised $1.9M in a seed funding round, according to the company. The funding came from Access Venture Partners, Nelnet, Bialla Venture Partners 2, Service Provider Capital, the Rockies Venture Club, along with angels. The startup, led by Scott Buelter, said the funding will go to help it add the right talent to grow sales, marketing, and round out product development....Continue →


Firepoint Solutions Finds Funding

Denver-based Firepoint, a startup developing software to automate the business processes for residential real estate agents and teams, has raised a Series A funding round, according to the company. Size of the funding was not announced. The company said the funding was led by Sopris Capital. Firepoint's CEO is Chris Tamm. The company said the funding goes towards expanding its R&D team to enhance and improve its platform, as well as to grow sales and marketing....Continue →


Three Colorado Companies Join Wells Fargo Cleantech Incubator

Three, Colorado companies--Transformative Wave, simuwatt, and EdgePower, are joining a clean technology incubator run by Wells Fargo, according to Wells Fargo this week....Continue →



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