Edge R&D Expands, StarRez Gained an Investment, and More Colorado Tech News
We are halfway through January and the Colorado tech scene is heating up. Last week a cannatech startup and space company raised funds while other tech businesses were busy growing their teams. Keep reading to find out more. This is the Built In Colorado weekly refresh.
Edge R&D opted to grow in Colorado. Edge R&D is an IT consulting company offering products such as cloud services, business intelligence and data management. Based in Arizona, the company has chosen to open a hub in Colorado. The location has not yet been determined, but will likely be south of Denver. Edge R&D plans to add 69 new jobs to Colorado over the next eight years. [Built In Colorado]
Vangst gained $19M. Vangst is a jobs platform for the cannabis industry. It allows companies to have a profile page to showcase their brand and open positions because most smaller cannabis businesses do not have a career page, according to Vangst founder Karson Humiston. The company gained $19 million in a Series B round that will allow it to expand into new markets. [Built In Colorado]
COLORADO TECH QUOTE OF THE WEEK
Vista Equity Partners invested in StarRez. StarRez has received a “significant strategic growth investment” from Vista Equity Partners, although terms of the deal have not been revealed. StarRez is a university housing software that allows institutions to manage housing and conference accommodations. Its customers include Harvard University and Stanford University. [Built In Colorado]
Atomos Space raised $5M in 2021. Atomos Space develops orbital transfer vehicles (OTVs) to help manage space logistics for satellite operators. Cantos Ventures invested in the Denver-based company, bringing its total funding raised to $5 million for 2021. The investment has allowed Atomos Space to double its employee headcount and ground test its products. [PR Newswire]