UW starts construction on $231.1M chemistry hub set to open in 2029

The University of Washington broke ground on a $231.1 million Chemistry Sciences Building set to open in 2029, featuring 104,500 square feet of state-of-the-art labs for instruction and research in quantum science, sustainable chemistry, and human health. The new five-story facility will replace the old Chemistry Library Building and pave the way for a full renovation of historic Bagley Hall. Read More

Spending management company Fraxion acquires Yellow Dog Software

Seattle-based spending management platform Fraxion has acquired Yellow Dog Software, an inventory tracking provider for hospitality, sports and retail businesses. Fraxion serves as a digital gatekeeper for business expenses by tracking, controlling and approving business expenses. Terms of the deal were not disclosed. Read More

Kanu AI emerges from stealth with $11.7M to turn employee workflows into custom software

Founded by Y Combinator alum and former machine learning engineer Karan Grover, Seattle-based Kanu AI has raised $11.7 million to solve a persistent enterprise problem: valuable operational knowledge getting trapped in employees’ heads and spreadsheets. Led by Trilogy Equity Partners, the new funding will help scale Kanu’s platform, which automatically converts day-to-day employee workflows into permanent, production-grade software deployed directly within a company’s cloud. Read More

Tech Moves: Microsoft AI exec joins Niantic Spatial; Allen fund names first investment chief; Zillow AI leader heads to Stripe

Niantic Spatial hired Microsoft AI product leader Dave Citron as chief product officer, the late Paul Allen’s Fund for Science and Technology named Brown University’s Jane Dietze its first chief investment officer, and Zillow AI product leader Nicholas Stevens joined Stripe. Plus, moves at Scowtt, ThriftBooks, Jack in the Box, Fortive, the American Astronomical Society and Yoodli. Read More