Colorado tech companies got a jump start on the new year with several startups pulling in new funding. Read more to find out the latest developments. This is the Built In Colorado weekly refresh.
Gtmhub got $30M. The company provides software that prioritizes objectives and key results, and its platform works to help organizations to improve internal alignment and maintain focus, according to its site. The Series B round for the software company was led by Insight and comes after a period of growth. In a year-over-year comparison, the company’s annual recurring revenue increased 3x. [TechCrunch]
AMP Robotics secured $55M. In its goal to lessen the cost of operating waste management facilities, this company engineered an automated robotic system that can sort through miscellaneous waste using AI and computer vision. The new funding round was led by XN and will enable AMP to scale up operations and fund new applications for its AI tech. [Built In Colorado]
Colorado Tech Quote of the Week
Quantum Metric pulled in $200M. A newly minted unicorn, this company provides tools for businesses to gather real-time quantitative data in aims to enhance their customer experience. Its Series B round led by Insight Partners will help Quantum Metric to support its product development and hiring plans. Currently, plenty of tech positions based out of its office in Colorado Springs are available. [Built In Colorado]
Pax8 raised $96M. As more people utilize the cloud to fuel their remote work, businesses are turning to Pax8’s marketplace platform to purchase cloud computing products. The company just closed on a new funding round led by Catalyst Investors and Sageview Capital, and the fresh cash will help it power global expansion and further development of its platform. [Built In Colorado]
Colorado tech startups made bank in 2020. Ten companies in the Colorado tech space collectively raised over $695 million last year in VC and equity funding. The frontrunner was DispatchHealth with a fresh $135.8 million to fuel on-demand, at-home medical services. Outrider came next with $118 million toward increasing the efficiency of distribution yards. Wunder Capital pulled in $100 million to expand the reach of solar energy. [Built In Colorado]
