Temperatures are fluctuating in Colorado, but tech news remains steady. Several companies raised venture capital last week and another appointed a new CEO. Catch up on the latest Colorado tech news you might have missed with the Built In Colorado Weekly Refresh.
Iontra gained $38M. Iontra aims to replace constant current constant voltage charging, a popular battery charging method, and reduce how long it takes to develop new batteries. The Series B round, led by Volta Energy Technologies, will be used to further develop and commercialize Iontra’s tech. Founded in 2013, the battery safety and performance tech company is based in Denver. [PR Newswire]
Black Diamond Advisory secured $25M. Golden-based Black Diamond Advisory claims to be the largest global advisory of corporate performance management software OneStream. With fresh funding, Black Diamond Advisory plans to expand globally, scale its team and grow its CFO advisory services. [Built In Colorado]
Colorado Tech Quote of the Week
Lumen Technologies appointed a new president and CEO. Kate Johnson will step into this role on Nov. 7, following the retirement of former CEO Jeff Storey. Johnson, who previously worked in leadership roles at Oracle, Microsoft and General Electric, will be based at the company’s Broomfield location, according to the Denver Business Journal. Formerly known as CenturyLink, Lumen is a telecommunications company headquartered in Louisiana. [PR Newswire]
You:Flourish was featured as a Built In Future 5 startup. Entrepreneur Steven Haden founded You:Flourish to help LGBTQ+ individuals find meaningful connections and support. The startup’s app is expected to be ready for beta testing later this year followed by a public launch in March. Once live, the app will offer users a directory of counselors trained in providing care for the LGBTQ+ community. [Built In Colorado]
The Sanborn Map Company acquired AppGeo. Sanborn, a geospatial solutions company from Colorado Springs, acquired Boston-based AppGeo for an undisclosed amount. AppGeo is a geographic information system (GIS) company that works with government and private sector businesses. AppGeo will continue operating under its current brand as a wholly owned subsidiary of Sanborn. [Sanborn]
