Lightning eMotors Expands, Swimlane Got $40M, and More CO Tech News

by Ashley Bowden
January 25, 2021
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Lightning emotors ceo Tim Reeser. | Photo: facebook

In a relatively quiet week, the Colorado tech space still made some impressive moves. Read more about the latest. This is the Built In Colorado weekly refresh.

Techstars Boulder named its new accelerator classAs part of its yearly accelerator program, Techstars just named its latest Boulder cohort of companies that will be receiving coaching on business essentials. Some of this year’s participants include AtomChat, a platform offering companies a way to up their sales; Floop, a student feedback platform; and Terraseed, a company specializing in vegan dietary supplements. [Built In Colorado]

Lightning eMotors expands its spaceThe EV company added 107,000 square feet to its Loveland production facility, bringing its total square footage up to 231,000. Having expanded its capacity, the company plans to use the space for the manufacturing and development around motorcoach electrification and fueling cell electric vehicles in all classes ranging from passenger vans to city buses. [BusinessWire]

Colorado Tech Quote of the Week

“Without a doubt, automation will be one of, if not the biggest change realized by security operations in a generation. Security automation is a multibillion-dollar market, and while hundreds of organizations already benefit from its initial adoption, the broad application of intent-based automation to every aspect of security is still in front of us all.” —Swimlane’s CEO James Brear

Swimlane raised $40MFollowing the close of its growth round led by EIP, this company that aims to lessen the workload for security teams is planning to expand its global footprint and further its partnerships and alliances as well as its research and development. Swimlane’s platform automates 80 to 90 percent of the incident response process. The company is currently hiring for a few engineering positions at its Colorado office. [Built In Colorado]

CO aims to bring attention to its aerospace industryThe Colorado Economic Development Commission members just voted to invest in landing an IT company looking for an office in the Western part of the country and to work to keep the U.S. Space Command headquarters in the state. The project supports the state’s economic ambitions as it aims to increase employment in one of its most advanced industries. [Denver Business Journal]

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