From new funding announcements to expansion plans, catch up on the latest Colorado tech news. Read up on the startup helping people improve their running or catch up on Microchip Technology’s $880 million expansion plans. This is the Built In Colorado Weekly Refresh.
Modii secured $500K. Modii is a Denver-based mobility platform that uses data to develop parking and traffic solutions. Last week the company secured a $500,000 grant from the North Central Texas Council of Governments (NCTCOG). The grant will be used to research mobility on university campuses. [Built In Colorado]
Microchip Technology announced expansion plans. Microchip Technology will invest $880 million in a project to expand its 580,000-square-foot campus in Colorado Springs. The expansion is also estimated to create 400 new jobs over several years. Microchip Technology is a semiconductor supplier headquartered in Arizona. [Area Development]
Colorado Tech Quote of the Week
“Our goal is to be there every step of the way. We can help you find the right shoes. Once you get the right shoes, we can be there through all the trainings.” — Connor Winter, founder and CEO of ShoeSense
ShoeSense Running was featured in Built In’s Future 5 series. ShoeSense Running develops a weatherproof sensor that measures and tracks an athlete’s run. The data collected can tell the athlete when to rest and when to replace their shoes, among other things. The company was founded by Connor Winter, a professional runner and entrepreneur. [Built In Colorado]
Quantive released new AI features. Quantive uses artificial intelligence to help companies generate and execute strategic plans. Last week the company announced three new AI features for its platform Quantive Results. The features are titled Advice, Guidance and Observations. They use large learning models (LLMs) to generate different forms of information. [Business Wire]
