Nylas Raised $120M, Duda Pulled in $50M, and More Colorado Tech News

June 21, 2021
photo: nylas

A handful of companies raised new funding to build out their tech platforms and bring fresh innovation to the Centennial State. Read more for the news you might’ve missed. This is the Built In Colorado weekly refresh.

Duda raised $50MAs more businesses have had to build out their online presence over the past year, website development platform Duda saw plenty of growth. It just closed its Series D round led by Claridge IL and hopes to invest the funds in adding more features and capabilities to its product. Duda is also planning to grow its global team from 180 to 280 in the next year. [Built In Colorado]

Nylas pulled in $120MThe company’s API platform works to help organizations and developers with scheduling, email and work automation. Having significantly grown its revenue and headcount over the past year, Nylas’ next move following its Series C raise will be rolling out new product features and investing in integrations with other office tools. Tiger Global Management led the funding round. [Built In Colorado]

Colorado Tech Quote of the Week

“When we first started talking about bringing automation to the landscaping industry, the biggest thing we wanted to know was that we’d actually be solving a problem for folks. And when we talked to landscapers ... every single one of them told us that they couldn’t find enough people to do all of the jobs that they’ve already contracted today.” —Jack Morrison, CEO and co-founder of Scythe Robotics

Scythe Robotics launched with $18.6MDeveloper of an autonomous lawnmower, Scythe is looking to combat the labor shortage in the commercial landscaping industry. It just launched out of stealth mode with $18.6 million in total funding for its sustainable and eco-friendly machine. With the capital from Inspired Capital and other investors, Scythe is hiring across engineering and operations for its Boulder-based team. [Built In Colorado]

ElectraSteel secured $28.25MOn a mission to make steel production more environmentally friendly, this company closed on its latest round of funding. Its electric tech works to combat the three gigatons of carbon dioxide emissions that usually come from steel production each year. The funding will help the company continue toward its goal of decarbonizing the steelmaking process through reusable energy. [Daily Camera]

ThreatX pulled in $10MThe Louisville-based company offers a web application and API protection platform to provide enterprises with adaptable security tech. With its latest injection of capital, led by .406 Ventures, ThreatX is looking to grow its team by 50 this year across engineering, security operations, finance, sales and marketing. The company also plans to establish its presence in Boston with a new office. [Built In Colorado]

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