The Arizona Technology Council was named the winner of the Public Policy Advocacy category and a finalist in the Creative Marketing and Communications category at the 2021 Technology Councils of North America (TECNA) Innovation Awards. TECNA represents about 60 technology associations across the U.S. and Canada. It hosts the awards each year to recognize and … Read more
SynSaber, a new startup setting its sights on asset and network monitoring solutions to defend critical infrastructure, officially launched last week after securing $2.5 million in seed funding. The company is working to develop an effective, low-hardware and low-hassle technology-agnostic solution that provides continuous insight into the status, vulnerabilities and threats across every point in … Read more
IPAssets Technology, a Mesa-based blockchain integration specialist, announced a $1.4 million funding round that included a merger with Mango Farm Assets. The proceeds from this funding will be used to accelerate the company’s branded platforms, which include MangoFarmAssets.com, RavencoinIPFS.com and TheAssetMarketplace.com, and Ice Wallet, IPAssets’ flagship cold storage wallet that is coming later this year. … Read more
In May, KORE Power had three possible suitors for a manufacturing facility for its lithium-ion battery cells: Arizona, Florida and Texas. Today, the company made its final decision. “At the end of the day, we selected Arizona,” KORE Power CEO Lindsay Gorrill said. The facility will be built in Buckeye, near MC 85 and Interstate … Read more
Scottsdale startup Limelight Networks (Nasdaq: LLNW), a provider of edge cloud services, has entered into a definitive agreement to acquire Moov Corporation, which does business as Moovweb or Layer0. The definitive agreement said Limelight will acquire Layer0 for about $32.5 million in cash and $22.5 million worth of common stock. Still, the deal is subject … Read more
Exro Technologies, a power technology firm based out of Calgary, Alberta, has announced it will establish its U.S. headquarters in Mesa — evidence of the company’s momentum and growth. Canadian-based Exro is a leading clean technology company that has developed a new class of power electronics for electric motors and batteries. Its Coil Driver technology … Read more
Even amidst the chaos and slowdowns of the pandemic, the University of Arizona saw an increase in innovation. Here’s a recent example: engineering researchers at UArizona are creating new tools for optogenetics, which shines light at specific neurons in the brain to excite or suppress activity. Optogenetics experiments help to understand how the brain works, … Read more
Promineo Tech, a startup that partners with community colleges to provide affordable, low-risk coding bootcamps, has raised $900,000 in seed funding. The Peoria-based company will use the money to expand its Education as a Service (EaaS) program offerings and reach more students. Promineo Tech was founded in 2018 by Nick Suwyn as a technology school … Read more
It didn’t go according to the original plan, but Lucid Motors Inc. began trading as a public company on Monday, after shareholders approved a merger with a special-purpose acquisition company (SPAC) last week. Lucid and Churchill Capital Corp. IV, the SPAC, are officially merged and are now known as Lucid Group Inc. (NYSE: LCID). The … Read more
“What the hell am I going to do there?” That’s what Thinkzilla CEO Velma Trayham said to herself when she started thinking about moving to Phoenix. Trayham had heard from a friend that the Phoenix startup ecosystem was really starting to emphasize the importance of diversity in business. And, well, diversity and inclusion is Trayham’s … Read more