Quantive’s Acquisition, Tilt’s $10M Raise, and More Colorado Tech News

A lot happened in the world of tech last week. Catch up on the latest with the Built In Colorado Weekly Refresh.

Written by Abel Rodriguez
Published on Mar. 13, 2023
Quantive’s Acquisition, Tilt’s $10M Raise, and More Colorado Tech News
Quantive staff in a conference room.
Quantive staff. | Photo: Quantive

Catch up on the latest Colorado tech news, from new funding announcements to the opening of multi-million tech facilities. Read up on Tilt’s HR platform and its recent $10 million raise, or catch up on the newly planned lithium-ion battery facility coming to Colorado. This is the Built In Colorado Weekly Refresh. 

Veolia Nuclear Solutions opened a new facility. Veolia Nuclear Solutions was founded in 1992 and develops robotics systems to maintain and decommission nuclear energy facilities. The company’s new facility consolidated its two Colorado locations into one building and will focus on developing new robotics systems. According to the company, the new facility will also help recruit fresh talent. [Built In Colorado]

Tilt raised $10M. Tilt is an HR platform that helps companies manage and pay employees during extended leaves of absence. Origin Ventures, a VC firm that backs seed and Series A-stage companies, led the round. The new capital will help Tilt scale its team and platform to meet the market demand for its tech. [Built In Colorado]

Colorado Tech Quote of the Week

“We understand that as a software company, we don’t always have everything that a customer needs. And in order to more effectively solve their problems, we need services to wrap around the technology so that we can both define the engagements with customers and also define a roadmap for each customer that makes sense based on their maturity and the type of industry that they operate in.” — Bo Pedersen, Quantive’s chief strategy officer and co-founder

 

Quantive acquired AuxinOKRQuantive acquired AuxinOKR, a consulting company that helps businesses create strategic plans. According to Quantive, the acquisition will complement its software which uses data to help companies set objectives and key results. Before the acquisition, both firms had worked together in the past. [Built In Colorado]

Amprius Technologies announced a new Colorado facility. Amprius Technologies is a lithium-ion battery manufacturer. It will establish a 775,000-square-foot facility in Brighton. The company plans to invest $190 million to build the battery factory and create 332 new jobs with an average salary of $68,516. Amprius said in a statement that it chose Colorado for its proximity to materials and customers. [OEDIT]

RenewWest secured seed funding. RenewWest, a climate tech asset developer, raised $3.2 million in a seed round that Aspiration and One Small Planet co-led. RenewWest manages climate projects across the country and has the ability to reduce global emissions by 30 percent, according to a company statement. The new funding will enable RenewWest to scale its technical team and invest in more projects. [PR Newswire]

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