Diego Oppenheimer

Algorithmia raises $2.4M from Madrona and others to create marketplace for algorithms

Algorithmia, a Seattle-based startup that wants to build a marketplace for algorithms, has raised $2.4 million in a round of seed funding led by Madrona Venture Group. Others participating include Rakuten Ventures, Deep Fork Capital and a group of angel investors including former University of Washington computer science professor and Farecast founder Oren Etzioni and… Read More

Kineta-Logo-web

Seattle biotech firm Kineta raises $1.6 million to boost its battle against disease

Kineta, a Seattle-based biotech startup, has raised an investment round worth almost $1.6 million from existing investors in the company. The investment will be used to fund continued development of the drugs that the company is working on. “This new raise comes from existing investors and shows confidence in what the Kineta team is doing and… Read More

pushspring

Three mobile startup veterans raise $1.5M to provide cookie-like data for mobile apps

PushSpring has raised $1.5 million in capital to help mobile developers know their customers better so they can display more relevant ads inside of their applications. The Seattle-based company, which has been operating quietly for the past year, was founded by three Seattle mobile veterans: Karl Stillner, Steve Dossick and Tyler Davidson. Stillner, who is PushSpring’s… Read More

Apoorva Mehta

Instacart’s $44M funding round raises the stakes in grocery delivery

Grocery delivery service Instacart has raised a $44 million from investors including Andreessen Horowitz, Y Combinator President Sam Altman and Box CEO Aaron Levie — saying it will use the capital to fuel geographic expansion, improve its technology and customer experience, and experiment with new delivery models. It’s a big boost for the San Francisco-based company company, led by… Read More

HashPlex CEO Bernie Rihn

Hashplex lands $400,000 in funding to bring cloud-based bitcoin mining to the masses

HashPlex, a company that hosts Bitcoin mining equipment, announced today that it raised $400,000 in a seed round. The round was led by Barry Silbert, the Founder of the Bitcoin Opportunity Corporation, and Facebook engineer Jason Prado. The Seattle-based company allows Bitcoin miners to send in their equipment – usually specially-designed circuits that run calculations… Read More

placester

Placester closes $5.5M round for yet another online real estate idea

Here’s another spin on bringing the real estate industry online that could enable any agent to compete directly with the likes of Zillow or Redfin. Boston-based Placester announced today it has raised $5.5 million in capital to create a publishing platform that offers consumer search, real estate inventory info and related ad products. The company’s founder, Matt Barba, who was a… Read More

cb-national4488

Volatility in VC land: Funding tumbles 14 percent in Q2

Venture Capital funding took a turn for the worse during the second quarter as deals and dollars slipped on a national basis, even as the IPO market picked up a bit of steam thanks in part to the strong debut of Seattle-based Tableau Software. According to the CB Insights quarterly report, venture capital investing dropped… Read More

Jim Olson

Blaze Bioscience raises $8.5M to help surgeons pinpoint cancer cells with ‘tumor paint’

Seattle biotechnology startup Blaze Bioscience has raised $8.5 million to continue developing technologies that  are designed to help surgeons more easily identify cancer cells in the body. Total funding in the company, with operations in the South Lake Union area of Seattle, now stands at $9.8 million. Blaze said that the money came from individual… Read More

scope5-logo

Seattle cloud startup Scope 5 raises $500,000 to track sustainability data

Seattle startup Scope 5 has scooped up $500,000 in angel financing, money that it will use to build out its cloud-based service for tracking sustainability data. Funding was provided in part by the Northwest Energy Angels. “Increasingly companies are connecting the social value of emissions reductions with the business value of reduced costs,” said Scope… Read More

gaspoweredgamessmall

Gas Powered Games cancels Kickstarter for ‘Wildman’

Gas Powered Games unplugged its Kickstarter campaign for ‘WIldman‘ this afternoon with four days left and more than $500,000 to raise. We’ve been reporting for the past month about how CEO Chris Taylor had to let go of nearly his entire staff in January due to poor funding on Kickstarter. But then a week later, Taylor told us that he… Read More