From recycling robotics to CX innovations, various tech companies throughout Colorado received new funding last month to put toward their projects. Read on to learn more about how these startups are planning to invest in their tech.
#5. $30 million, January 7
This company’s software uses the “objective and key results” (OKR) method to help companies manage their corporate planning. Its $30 million Series B round was led by Insight Partners and builds upon a period of growth for Denver-based Gtmhub. Back in 2019 when it raised its Series A, the company experienced a 400 percent increase in annual recurring revenue as it began raising the round.
#4. $40 million, January 19
The Denver company’s platform offers a suite of security orchestration, automation and response (SOAR) solutions that can automate the vast majority of the incident response process, aiming to save time for security teams. The $40 million from its EIP-led funding round will go toward global expansion, furthering partnerships and alliances as well as R&D. To date, Swimlane has raised $75 million in venture funding.
#3. $55 million, January 4
Aiming to help recycling plants save time and money, this startup developed a robotic sorting system powered by AI and computer vision to sift through recyclable waste. The $55 million Series B round was led by XN and will help the Louisville-based company invest in new AI applications and scale up its operations to meet increasing demand.
#2. $96 million, January 6
Based in Greenwood Village, pax8 is an online marketplace for enterprises to purchase cloud computing products, and it’s seen plenty of growth since the start of the pandemic. Now, it’s looking to fund even more growth with $96 million from its Catalyst Investors- and Sageview Capital-led funding round. Several tech positions are open at the company’s office in the Greater Denver area.
#1. $200 million, January 7
The newly minted Colorado Springs unicorn helps enterprises gather quantitative customer data in real time, allowing them to utilize it to determine what their teams need to better customer experience. The $200 million Series B funding round was led by Insight Partners and will allow Quantum Metric to support more company growth, develop its product and hire new talent.
