The Colorado tech scene is making big strides, spanning across industries like environmental tech, quantum computing and HR. Keep reading to find out more. This is the Built In Colorado weekly refresh.
Project Canary raised $111M. Project Canary is a data analytics company focusing on climate tech and environmental performance. The company, which tracks methane emissions, raised $111 million in a Series B funding round led by Insight Partners. Project Canary plans to double its employee headcount to 140 people and is looking to hire software engineers. [Built In Colorado]
Quantinuum got a new investment from IBM. Tech giant IBM invested an undisclosed amount in Broomfield-based Quantinuum, a quantum computing company. Quantinuum said its new agreement with IBM will expand the IBM Quantum Hub with Cambridge Quantum Computing Limited. The agreement will allow clients to have more access to IBM’s quantum computing systems, quantum bits and expertise. [Quantinuum]
COLORADO TECH QUOTE OF THE WEEK
Pipeline partnered with Workday. Pipeline provides a cloud-based AI platform that helps companies understand and resolve intersectional gender biases. Pipeline announced it has joined the Workday Software Partner program and received a strategic investment from Workday Ventures, the capital arm of the HR software company. [Built In Colorado]
Lightning eMotors expanded its manufacturing facility. Lightning eMotors manufactures zero-emission vehicles ranging from school buses to work trucks and city buses. The company finished expanding its manufacturing facility in Loveland, which is now more than 226,000 square feet. The expansion doubles Lightning eMotors’ production capacity and improves its efficiency. [Business Wire]
Traction on Demand will be acquired by Salesforce. Traction on Demand is a consulting firm that provides SaaS products on the Salesforce platform. The local startup signed a definitive agreement to be acquired by Salesforce, but no other details have been announced. [Traction on Demand]
