LockState raises $5.8M
LockState, a Denver-based company that provides connected access control systems for commercial and residential markets, announced Tuesday that it has raised $5.8 million in a Series A round of funding. With the fresh capital, the company plans to expand its staff and invest in sales, marketing, staffing and development. Iron Gate Capital in Boulder led the round, which also saw participation from Kozo Keikaku Engineering Inc. in Japan, Nelnet and Service Provider Capital. [Built In Colorado]
Rolland Johns joins CSG as chief financial officer
IT services and software provider, CSG has made a major addition to their team. The company announced Monday that it has named Rolland John executive vice president and chief financial officer. In this role, John will oversee the company’s global financial operation. He brings 25 years of experience in accounting and finance. Previously, John was an audit partner at KPMG, where he spent close to 20 years. [Press Release]
Parsons to acquire Colorado Springs-based Polaris Alpha
Colorado Springs-based defense contractor Polaris Alpha will be acquired by Parsons. Parson is a defense-, security- and infrastructure-focused digital solutions provider. The company acquired Polaris Alpha from private equity firm Arlington Capital Partners. Polaris Alpha's machine learning, data, video, multi-source analytics and automated reasoning technologies will help Parsons expand its artificial intelligence offerings. [Press Release]
OEDIT awards $4.7M to Colorado-based startups and tech companies
The Colorado Office of Economic Development and International Trade’s approved funding for Colorado-based startups and tech companies as a part of its Advanced Industries Accelerator Grant Program. A total of $4.7 million in funding was approved for this grant cycle. Twenty companies were approved to receive proof-of-concept and early-stage capital grants including Access Sensor Technologies, Advanced Space, Green Sun Medical, QalibreMD, Radar Relay and Tortuga Agricultural Technologies. [InnovatioNews]
