The Centennial State saw fresh funding rounds and a handful of other moves on the tech scene last week. Find out what else is new in the Built In Colorado Weekly Refresh.
Ping Identity was acquired. The identity management company is entering the private sector following a $2.8 billion acquisition by software investment firm Thoma Bravo. The firm will pay $28.50 for each share of Ping Identity’s stock. Upon the transaction’s completion in Q4, Ping Identity will remain based in Denver. [Built In Colorado]
Smarter Sorting raised $7M. Regeneration.VC led the latest investment for product intelligence solution Smarter Sorting. Its platform helps businesses safely ship, store and dispose of products in compliance with environmental regulations. The Austin-based company has an office in Boulder and is planning to grow its entire team by 20 percent over the next year. [Built In Colorado]
Colorado tech quote of the week
RevGen Partners announced its move to Denver. Working to help companies offer better tech products and services, RevGen announced that it will relocate its headquarters from Centennial to downtown Denver in Q1 of 2023. The company expects to generate 200 new jobs over the coming years at the new HQ location, including roles in data science, software engineering, customer consulting and more. [Built In Colorado]
UPSKLS acquired Work Simplr. Providing on-demand work sourcing, UPSKLS aims to help organizations get repetitive mission-critical work—like cleaning data lists and conducting market research—done quickly with a new acquisition. The company bought U.K.-based Work Simplr for its virtual internship hosting and management solution. [Business Wire]
Keyavi Data pulled in $13M. Durango-based Keyavi offers businesses a cybersecurity solution that protects their data against internal and external data loss and intrusion. The company’s $13 million Series A funding round that brings its total funding to $21.3 million. Its new capital will go toward fueling growth by expanding into new markets and hiring across engineering to support customer demand. [Business Wire]
