Swimlane Raised $70M, Outrider’s New Kit, and More Colorado Tech News

Catch up on the latest developments from the Colorado tech sector.

Written by Ashley Bowden
Published on Jul. 11, 2022
Swimlane Raised $70M, Outrider’s New Kit, and More Colorado Tech News
outrider
Photo: Outrider / Twitter

Despite a quieter week in the Centennial State tech sector, a handful of companies pulled through with new developments. Empowered to build out the solutions of the future with fresh funding and more, learn what these companies are up to in the Built In Colorado Weekly Refresh.

Swimlane secured $70M. The funding announcement follows the release of the Boulder-based startup’s latest low-code security automation solution. The round was led by Activate Capital and will help the company fuel global growth and operations as well as product innovation. Alongside the round, Raj Atluru, managing partner at Activate Capital, will join Swimlane’s board. [Built In Colorado]

colorado tech quote of the week

“Distribution yards are harsh industrial environments with around-the-clock operations, which means our autonomous system must be rugged, easy to service, and remotely supportable. This robust autonomy kit is the next critical step in Outrider’s efforts to make yard operations more efficient, safer, and more sustainable for our Fortune 500, logistics-dependent customers.” — Andrew Smith, founder and CEO of Outrider

Outrider launched a new autonomy kit. Solely focused on automating yard operations for large enterprises, Outrider announced its latest project to further its work. The Golden-based company released a new autonomy kit that supports over-the-air software updates and field-swappable units. The kit features various tech, like perception system processing, lidar sensors for perception and an industrial robotic arm. [PRWeb]

Five Colorado tech companies raised $321M in June. The companies that pulled in Colorado’s largest tech funding rounds range across industries from environmental solutions to home services. With a couple of nine-digit rounds leading last month’s list, learn more about each company in our monthly funding roundup. [Built In Colorado]

Hiring Now
BillGO
Fintech • Payments • Software • Financial Services