CoreStack raises $4M to help companies manage cloud infrastructure cost, compliance, consumption

CoreStack founders, from left to right: Thiruvalluvar NB; Sabapathy Arumugam; Ezhilarasan Natarajan; and Krishnakumar Narayanan. Seattle-area startup CoreStack raised another $4 million as the company sees demand increase for its cloud governance software. It follows a $8.5 million round raised in March. CoreStack helps companies across various industries manage the cost, compliance, consumption, and other aspects of … Read more

Starbucks CEO Kevin Johnson joins board of Seattle customer intelligence startup Amperity

Starbucks CEO Kevin Johnson (left) and Amperity CEO Kabir Shahani at Seahawks game in Seattle. (Photo courtesy of Daniel Mogg) Starbucks President and CEO Kevin Johnson, a longtime tech industry leader who previously led Juniper Networks and spent 16 years at Microsoft, is joining the board of Seattle startup Amperity. Founded in 2016, Amperity has … Read more

Seattle-area IoT software startup Elevāt raises $9.5M for manufacturing machine monitoring tech

Elevāt co-founders Bill Hill and Adam Livesay. (Elevāt Photos) Mukilteo, Wash.-based startup Elevāt raised $9.5 million to fuel growth of its IoT software used by industrial manufacturers to monitor and maintain machinery. Bill Hill and Adam Livesay launched the company in 2015 after spinning it out of Western Integrated Technologies, a longtime Seattle-area manufacturer and integrator … Read more

Seattle biotech firm Silverback Therapeutics sets terms for IPO, looks to raise up to $151M

Laura Shawver, CEO of Silverback Therapeutics. (Silverback Photo) Silverback Therapeutics plans to raise up to $151.8 million in its initial public offering, the Seattle-based company said Monday in an updated IPO filing. The biotech firm will aim to sell 6.95 million shares at $17 to $19 per share. It would be valued at $566 million … Read more

PreAct raises $1.6M from Sony, others to help prevent car accidents with crash-sensing tech

(PreAct Photo) Car accidents kill about 1.35 million people worldwide each year. Despite more advanced collision warning systems now built into cars, crashes in the U.S. have risen more than 12% since 2011. Now a Portland startup wants to curb those numbers with new crash-sensing technology. PreAct raised $1.6 million in a round led by … Read more

Startup founded by ‘Love Lab’ experts releases new platform and tech tools to assess relationships

(Affective Software Image) Affective Software Inc., the startup founded by the leaders of the famed Gottman Institute, is releasing a new portal and products to harness technology in assessing and improving relationships. The startup, which first revealed its plans back in May, has raised $400,000 in new funding from angel investors, adding to previous seed … Read more

Seattle startup Flexe raises $70M as e-commerce rise fuels demand for flexible warehousing platform

The Flexe team, pre-pandemic. (Flexe Photo) Flexe is raising more capital ahead of schedule as the pandemic-driven e-commerce boom spurs faster-than-expected growth for its warehousing technology platform. The Seattle startup announced a $70 million Series C round led by new investor T. Rowe Price, with participation from existing backers Activate Capital, Tiger Global, Madrona Venture … Read more

Seattle startup Wyze launches another product, unveils $20 smartwatch with oxygen level tracker

(Wyze Image) Wyze continues to pump out new products that undercut competitors on price. The latest from the Seattle-area startup is a $19.99 smartwatch called Wyze Watch that debuted Tuesday. Wyze Watch features a 9-day battery life and a blood oxygen saturation monitor. It also features activity and sleep tracking; has Google Fit and Apple … Read more

Former Sumo Logic and Auth0 exec raises $2M for stealthy new security startup ZeroWall

ZeroWall founder Joan Pepin. (ZeroWall Photo) Longtime cybersecurity leader Joan Pepin just raised $2 million for a new Portland, Ore.-based startup that aims to rethink how chief information security officers secure their companies. Pepin left her job as chief security officer at Seattle-area startup Auth0 in September to launch ZeroWall. The stealthy company is staying … Read more

New data shows how much cash Seattle-area tech startups received in PPP loans

(Bigstock Photo) The Small Business Administration released new data this week showing the exact amount of money companies received from the federal government’s Paycheck Protection Program. The program, known as PPP, launched earlier this year in response to the ongoing COVID-19 crisis. It was part of the $2.2 trillion CARES Act initiative and provided forgivable … Read more