midfinsystems

Microsoft and Amazon vets raise cash for stealthy IT startup Midfin Systems

Three former Microsoft and Amazon engineers with more than 35 years of experience at the two tech giants have teamed up for a stealth startup in the private IT administration space. Midfin Systems is a new Redmond-based company that is developing technology for private datacenters. CEO and founder Suyash Sinha, a 14-year Microsoft vet who left his post as Senior Director in… Read More

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IPO market for venture-backed companies remains strong, but M&A deals slow

It’s still a good time to go public. Twenty-eight venture-backed companies completed initial public offerings during the second quarter, raising $4.9 billion. That was a 45 percent increase in dollars raised compared to the previous quarter, according to an analysis by Thomson Reuters and the National Venture Capital Association. It was the fifth consecutive quarter… Read More

bonobos555

Men’s clothing retailer Bonobos raises $55M from Nordstrom and others to open ‘Guideshops’

Bonobos started in 2007, selling flashy men’s apparel online. Now, the New York-based company has scored $55 million in fresh capital — including money from Coppel Capital, Mousse Partners and Nordstrom — to expand the brand in the physical retail world. The money-losing company plans to open about 30 new stores in the next two years, adding… Read More

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EnergySavvy closes out financing round at $8.25 million

EnergySavvy, a Seattle startup that helps utilities implement energy-efficiency programs, has closed out its latest financing round at $8.25 million. The company had previously announced $7 million in early May, including cash from Prelude Ventures. New backers include EnerTech Capital and El Dorado Investment, a unit of PinnacleWest Capital, the investment arm of EnergySavvy customer… Read More

ActivityPal CEO Ike Singh.

Meet ActivityPal: An app that sets up activities with people in your social network

Some say that social media is actually making us less social as we spend more time scrolling through Facebook and Twitter feeds on the Internet, rather than physically hanging out with one another in the real world. Now a new startup wants to change that — with the help of, ironically, social media. ActivityPal recently launched its mobile app that… Read More

WISErg co-founder and CEO Larry LeSueur.

WISErg raises $5M to help grocers turn overripe produce into fertilizer

It took four years, but WISErg’s geeky machine that turns old produce into fertilizer is attracting investor attention. The Redmond-based startup has raised $5 million of a $7 million Series B round from private investors, bringing total funding for the company up to $7.75 million. WISErg helps grocers recycle their old produce and unsold prepared foods with the “Harvester,”… Read More

MobileRQ CEO and co-founder Tyler McKinley.

MobileRQ raises $2M to help app marketers send real-time contextual retail, hotel offers

People are spending more and more time on their smartphones, and that’s only good news for marketers of mobile apps. At least that’s what MobileRQ thinks. The Portland-based startup has raised an additional $2 million to help fuel development of its software that helps customers reach out to their mobile app user base in relevant and… Read More

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IT automation startup Puppet Labs scores $40 million

Portland-based IT automation startup Puppet Labs is growing fast, and now the company has more fuel to add to the fire. The company announced today $40 million in fresh funding, following a $30 million round last year. Existing investors — Cisco, Google Ventures, Kleiner Perkins Caufield & Byers, Triangle Peak Partners, True Ventures and VMware —… 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

Glympse CEO Bryan Trussel.

Glympse raises $12 million to develop the ‘next wave’ of real-time location sharing

Things are really rolling for the folks at Glympse. Today the Seattle-based startup announced its biggest funding round yet, raising $12 million to help continue building out its location-sharing technology. “This means we’ve been able to distinguish ourselves against all the location companies out there, and have had a lot of success recently, and an optimistic future,” CEO… Read More

Curphey

Security software startup SourceClear raises $1.5 million

SourceClear, a Seattle startup that helps developers identify security threats, has raised $1.5 million in financing. Backers of the company include Box Chief Trust Officer Justin Somaini; former Cisco VP Frank Marshall; former Cisco board member Mary Cirillo; Kinzer Capital; and Realise Capital Partners. The company is led by Mark Curphey, who previously headed the software security program… Read More

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Bootstrapping vacation rentals startup Dwellable raises $2M from Seattle angels

For years, Adam Doppelt refused to take venture capital financing, using a strict bootstrapping ethos to build companies such as restaurant locator Urbanspoon and tech talent identifier CubeDuel. “Just build little things, and then see what happens,” Doppelt told GeekWire in an interview nearly three years ago. Well, Doppelt’s latest “little” startup — the online… Read More

Former Starbucks exec Mary Egan is looking to change the way Americans plan family meals.

Backed by Starbucks CEO Howard Schultz, Gatheredtable raises $2M to plan weekly meals for families

If you’re a busy person, cooking meals every night for the family can be a real pain, take up a lot of time and empty your wallet. But former Starbucks executive Mary Egan thinks otherwise. Her new startup, Gatheredtable, announced today a $2 million round to help fuel a national launch of its online service that automatically generates a menu of weekly meals,… Read More

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InDemand Interpreting raises $8.8M to close the language gap in healthcare

InDemand Interpreting, which helps non-English speaking and deaf patients understand medical information at the hospital, today announced an $8.8 million round to help fuel product growth and bring on more marketing resources. Founded by Daniel and Elena Pirestani in 2007, the Wenatchee, Wash.-based company delivers video interpreting services to hospitals, clinics and physician practices. InDemand also… Read More

Jordan Ritter

Napster co-founder emerges in Seattle with stealth ‘innovation studio,’ calls Silicon Valley unhealthy

Jordan Ritter grew up as an only child, never really putting down roots as his family moved between California, Texas and Florida. That nomadic and sometimes lonely experience impacted Ritter in his later years as the software developer and entrepreneur started companies such as Napster, Cloudmark and Servio. Startups — and more importantly the teams… Read More

vhoto-app

Vhoto hits 200K downloads in 1 month for iPhone app that scans your videos to find amazing photos

The folks at Vhoto are finding that users — and investors — seem to like the idea of an app that clips out the best photographic moments from a motion video. Vhoto today announced that it has seen more than 200,000 downloads for its app that debuted just one month ago. The Seattle startup also just brought on a new investor… Read More

ExtraHop co-founder Raja Mukerji accepting the award for Innovation of the Year at the GeekWire Awards earlier this month.

ExtraHop looks to build business analytics powerhouse, lands $41 million from early Splunk investor

ExtraHop CEO Jesse Rothstein doesn’t think his business analytics startup is simply creating a great product. The pony-tailed entrepreneur — who prior to co-founding ExtraHop worked as a senior architect at F5 Networks — believes they are doing much more than that by defining an entirely new category. Some big-name investors agree. ExtraHop today is… Read More

Stephen Purpura

Context Relevant lands $21M, looks to bring ‘big data’ to Wall Street

Context Relevant CEO Stephen Purpura can’t tell you the Wall Street firms that are buying up his company’s predictive analytics software. Too much money is at stake. That’s because the big data offerings developed by Purpura’s 26-month-old Seattle startup have already become a serious competitive advantage in the financial services arena, and most of the… Read More