Dynatrace’s New Office, AMP Gets $8M, and More Colorado Tech News

Catch up on the latest developments from the Colorado tech sector.

Written by Ashley Bowden
Published on May. 15, 2023
Dynatrace’s New Office, AMP Gets $8M, and More Colorado Tech News
Officials celebrate cutting the ribbon at Dynatrace's new Denver office.
Photo: Dynatrace

While the Colorado tech scene was on the quieter side last week, we still saw a funding round and a new Denver office. Find out which local innovators are making moves in the Built In Colorado Weekly Refresh.

Dynatrace opened a Denver office. Headquartered on the East Coast, software developer Dynatrace expanded its national footprint with an office in Denver. The company provides organizations with AI-powered observability tech. Its new office in LoDo will come to house 400 employees across sales and customer service roles in the next two years. Currently, it’s on track to fill 100 local roles by the end of the month. [Built In Colorado]

AMP pulled in $8M. Adding onto its previously closed $91 million Series C round from last November, AMP announced the round’s extension to $99 million. The Denver company plans to deploy new robotic recycling tech and retrofit its existing infrastructure with the new capital. The initial Series C was co-led by Congruent Ventures and Wellington Management, and the extension round came from Microsoft’s Climate Innovation Fund. [TechCrunch]

Colorado Tech Quote of the Week

“We are thrilled to announce that Parachute Group has received approval from Apprenticeship Colorado at the Colorado Department of Labor and Employment to operate a registered apprenticeship program. This approval reinforces our commitment to empowering small and medium-sized businesses with the digital tools they need to succeed in today’s competitive landscape.” — Carlos Frank Rodriguez, Parachute Group founder and CEO

Parachute Group expanded its tech training program. Serving small and medium-sized businesses, Parachute offers custom, tech-driven processes, training and project management solutions. The company recently built out its learning program with the goal of creating more tech industry job opportunities. The new initiative offers apprentices career training for tech project coordinators. [PR Newswire]

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