Weekly Refresh: Guild Education’s First Acquisition, Sphero Spinoff, and More

May 26, 2020
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Sphero announced spinoff Company Six. Boulder-based Sphero makes robots that help children play and learn about STEM. Its new endeavor focuses on robotic systems and AI-based software that will help first responders, government, defense and other workers with dangerous jobs. [Built In Colorado]

Guild Education bought Entangled Group. Guild connects higher-ed programs with companies that pay partial or full tuition for their employees to continue their education. The all-stock transaction valued Entangled, a venture studio that invests in and advises education startups, at about $150 million. This marks Guild’s first acquisition. [EdSurge]

York Space Systems announced new Denver production facility. The aerospace company specializes in end-to-end space segment customer solutions and the manufacture of standardized spacecraft platforms. The new space triples its production footprint so it’ll be able to create 20 spacecraft at the same time. [PRNewswire]

PCs for People Denver working to close digital divide. With the pandemic, the need to stay digitally connected has only increased. Some low-income families don’t have easy access to the internet, so the nonprofit organization provides refurbished devices and affordable broadband internet to those in need. [ColoradoInno]

Emerson Electric to expand operations. It chose Boulder for a new $100 million investment and over 250 new jobs. The Fortune 500 manufacturing company will build an innovation center that includes a laboratory and manufacturing facility to design and develop products and technologies. [Denver Business Journal]

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