Colorado tech companies received funding for a variety of creative and worthwhile ventures in August. Recycling sorting, gender-affirming healthcare and ethical food processing are just a few of the causes to raise venture funding. Keep reading to learn more about the Colorado tech companies that raised the largest funding rounds last month.
#5. $4.5 million, August 13
Have you ever been confused about whether an item is recyclable? CleanRobotics’ flagship TrashBot product helps sort recyclable products for you, using AI, computer vision and machine learning. Because AI and machine learning are involved, the system is constantly learning and improving its recycling abilities. The Longmont startup will use this Series A funding to improve manufacturing, ramp up research and development and make key hires. It is also considering partnerships in China, Australia and Singapore.
#4. $13 million, August 3
Durango-based cybersecurity firm Keyavi Data has developed technology that injects intelligence into data, allowing the data to protect itself from threats. After raising an $8.3 million seed round last year, the company raised a $13 million Series A round in August, brining its total funding to date to $21.3 million. The new funds will be used to hire talent and expand into new markets.
#3. $17 million, August 18
Think Bioscience, a spinout from the University of Colorado-Boulder, will use this oversubscribed seed round to advance its biotech capabilities. The startup uses microorganisms to build new bioactive compounds that can target proteins that were previously difficult to reach. The company is specifically focused on oncology, autoimmune and metabolic diseases.
#2. $19.5 million, August 25
Lumachain will use this Series A funding to roll out its computer vision AI technology that provides visibility into the supply chain of meat and food processing operations. The company was originally headquartered in Australia, but it just established a U.S. headquarters in Denver. Lumachain founder and CEO Jamila Gordon will move from Australia to Denver as the company scales its U.S. team to about 30 people over the next year.
#1. $24 million, August 23
Plume is a virtual healthcare platform that provides gender-affirming care for transgender individuals. For $99 per month, members have access to personal consultations, lab testing, facilitated support groups and home delivery of medications. This Series B round, which follows a $14 million Series A round from last year, will be used to expand coverage nationwide, provide virtual primary care services and ensure that Plume is covered by insurance plans.
