Convercent Acquired, Bluestaq Wins Space Force Deal, More CO Tech News

March 29, 2021
photo: bluestaq

A bustling week in the Colorado tech sector revealed huge new VC rounds and more. Find out which tech startups are looking to grow their teams with the fresh funding. This is the Built In Colorado weekly refresh.

Convercent was acquired by OneTrustUnder its new name, Convercent by OneTrust, the ethics and compliance software company will continue operating out of Denver, retain its staff and hire new members. OneTrust, a privacy and security software developer, plans to finalize the transaction in April of this year. [Built In Colorado]

Pie Insurance got $118MAs it works to help small businesses provide workers’ insurance, the startup raised Series C funding from investors including Acrew Capital and Greycroft. The investment will go toward its operations, and furthering technology and automation. Pie is also hiring for 22 roles on its Denver-based team. [Built In Colorado]

Colorado Tech Quote of the Week

“What we’re getting at in the long term is revenue optimization through AI. We can use AI to track all of the inventory and understand what will sell best in the fridge using predictive algorithms. ... It’s something that, over time, we want to build into a much more sophisticated process.” —Sarah Lynch, Mama Gaia CEO and co-founder

Mama Gaia launched its product in DenverIts smart fridge, situated at 300 East 17th Apartments, contains products from local vendors. By scanning a QR code, people can access the items inside the fridge. After making their selections, they’re charged accordingly with the help of the company’s AI camera recognition tech. [Built In Colorado]

Newscape Studios is hiring in ColoradoThe media production company has seen increased viewership for its videos that focus on video games. As it continues to grow, the company is looking to hire staff in two new offices, one in Austin, the other in Denver. In both offices, Newscape is looking to onboard talent for marketing as well as illustration and animation. [Built In Colorado]

Fanatics pulled in $320M, is hiring in BoulderThe sports merchandise vendor upped its valuation to $12.8 billion following its latest round of funding. It expects to put the capital toward growing its vertical commerce, expanding internationally and looking into future merger and acquisition opportunities, as well as hiring for its Boulder office. Investors including Thrive Capital led the round. [Built In Colorado]

Bluestaq wins extended Space Force contractWith a new $280 million contract extension from the U.S. Space Force, the Colorado Springs-based company plans to further develop the concept of the Unified Data Library. The cloud-based platform provides space data to over 3,500 users in the commercial, academic and government sectors. [SpaceNews]

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