Tech roundup: Ascent360 and Tendril land funding, HomeSphere grows leadership team, and more

by April Bohnert
December 6, 2018
Ascent360 funding Colorado tech
Photo via social media.

Ascent360 closes $4.1M Series A after doubling business in 2018

Golden-based Ascent360 is finishing out 2018 strong with the completion of a $4.1 million Series A funding round. The investment comes after a year of triple-digit growth in which the company doubled the size of its business and earned a spot on Outdoor Magazine’s Top 50 Best Places to Work. The company plans to use the new capital to continue building out features and integrations for its customer database platform. The Series A round was led by Fulcrum Equity Partners with support from Access Venture Partners, NelNet, Bialla Venture Partners and Rockies Venture Club. [Read more.]

 

Tendril strategic investment Colorado
Photo via Tendril.

Tendril gets strategic investment from Rubicon Technology Partners

On Tuesday, Home energy management company Tendril secured a majority investment from Rubicon Technology Partners, with Morgan Stanley Alternative Investments and ZOMA Capital contributing minority investments in the company. The new capital will help the company grow by enabling it to focus on tech innovation, expand its sales operations and pursue strategic acquisition opportunities. “We are seeing tremendous uptake of our HEM platform. In 2018, more utilities chose Tendril than any other industry player,” said Adrian Tuck, CEO of Tendril in a statement. “Receiving this investment is proof the industry needs our technology and we are at the beginning of an explosive growth period. Partnering with Rubicon allows us to continue to innovate and expand our industry-leading platform, and support our customers for years to come.” [Read more.]

 

HomeSphere executive hires Colorado
Photo via Shutterstock.

HomeSphere brings on Twitter veteran as CRO

Denver-based construction technology company HomeSphere added two new C-level executives to its team this week, bringing on a chief revenue officer and chief financial officer. Twitter veteran Greg Schwarzer joined the team as its CRO, bringing with him years of experience leading sales teams, sales operations and product rollouts for large and small technology companies — including his own consulting firm. Dena Glover, an 11-year veteran at HomeSphere, was promoted to CFO, where she’ll focus on aligning the company’s processes and vision to ensure its ongoing financial success.

 

PromonTech CTO award Colorado
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PromonTech CTO Michael Kolbrener named 2018 HousingWire Vanguard Award winner

Michael Kolbrener, CTO of Denver-based mortgage technology company PromonTech, won a 2018 HousingWire Vanguard Award for his leadership and product innovation in the fintech space. Kolbrener helped launched the company’s point-of-sale lending platform Borrow Wallet in 2017 and its IncomeAI income calculation engine in September. This year’s award was given to 52 leaders across various areas of mortgage industry. [Read more.]

 

LogRhythm SIEM Colorado
Photo via LogRhythm,

LogRhythm earns spot in Gartner’s Magic Quadrant for seventh consecutive year

Security intelligence company LogRhythm was positioned as a leader in Gartner’s “Magic Quadrant for Security Information and Event Management” research report for the seventh year in a row. “We believe this report underscores LogRhythm’s leadership in the market and validates the strength of our vision for NextGen SIEM,” said Chris Petersen, co-founder and chief product and technology officer at LogRhythm in a statement. “As data breaches continue to wreak havoc across the globe, security teams increasingly need end-to-end, NextGen SIEM solutions with native options for host- and network-level monitoring, as well as industry-leading analytics and workflow automation, to rapidly detect and neutralize the threats targeting their environments. In our view, LogRhythm is a leader in delivering on that need.” [Read more.]

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