Colorado tech was on fire this week — here are 6 stories you don’t want to miss

Trustpilot raises $55M in Series E funding to help brands build credibility

Online customer review platform Trustpilot landed $55 million in Series E funding this week, following a year of continued growth. The round was led by Sunley House Capital Management with participation from existing investors Vitruvian Partners, Draper Esprit, Index Ventures, Northzone and Seed Capital. The new investment will help boost Trustpilot’s marketing efforts, enhance its technology platform and grow its team. Headquarted in Copenhagen, the company also has offices in Denver, New York City, London, Vilnius, Berlin and Melbourne. [Read more.]

Innosphere receives award and cleantech grant from Wells Fargo Innovation Incubator

Fort Collins-based tech incubator Innosphere received a grant from the Wells Fargo Innovation Incubator for its work advancing the development of sustainable technology solutions. The grant is part of the Wells Fargo Foundation’s IN2 Channel Partner program, which includes a network of incubators, accelerators and university programs that refer promising cleantech startups to the IN2 incubator. Innosphere is one of 13 organizations to receive the award this year, and will use the grant to support young companies working in artificial intelligence and machine learning, through its summer AI cohort. [Read more.]

Pie Insurance raises $45M Series B, plans to expand nationally, double headcount

Pie Insurance announced the close of a $45 million Series B round on Tuesday, which will be used to grow its team and fuel the nationwide expansion of its digital worker’s compensation insurance services. The round saw participation from SVB Capital, Sirius Group, Greycroft, Moxley Holdings, Aspect Ventures and Elefund — nearly all of which invested in Pie’s seed and Series A rounds. Originally headquartered in Washington D.C., Pie began building a second headquarters in Denver last year, where it has since grown from 20 employees to almost 40. The company expects to more than double its headcount by the end of the year, expanding from 50 to more than 120 employees. [Read more.]

Galvanize partners with Monterrey Digital Hub to develop digital talent in Mexico

This week, Denver-based coding school and coworking company Galvanize announced a partnership with Monterrey Digital Hub, a digital transformation hub in Mexico. Through a variety of programs and sessions that began this week, the two organizations aim to nurture and develop digital talent among entrepreneurs, enterprises and citizens in Mexico. Programs will center around agile development, data science and software engineering, and members and partners of the Monterrey Digital Hub will be given access to Galvanize’s education curriculum and services, empowering companies to invest in the development of their leadership and technology teams. [Read more.]

NextHealth Technologies lands $17M Series B to fuel growth of healthcare analytics platform

Denver-based NextHealth Technologies started the month off with a bang following Monday’s announcement of a $17 million Series B funding. The round was led by TripleTree Capital Partners with participation from Blue Cross of Idaho. Existing investor Norwest Venture Partners, which led the company’s Series A in 2016, also participated. The funding will enable NextHealth to accelerate growth and product development in the year ahead. To support its market expansion, the company plans to use the funds to grow its team substantially in the coming months, focusing predominantly on roles in analytics, product development, sales, marketing and client services. [Read more.]

LogRhythm launches new product to automate responses to network-borne threats

Boulder-based LogRhythm introduced a new product to the cybersecurity market on Tuesday: LogRhythm NDR. Designed to automate the processes of detecting, qualifying, investigating and responding to advanced network-borne threats, LogRhythm NDR gives understaffed security teams the visibility and analytics to more quickly surface and address hard-to-see threats. This is the first major product release from the company since getting acquired by private equity firm Thoma Bravo in July 2018. [Read more.]