Mesa a “natural choice” for US headquarters of Canadian-based Exro Technologies

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

EdTech startup Promineo Tech raises $900,000 in seed funding

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

Fintech startup Dovly raises $3M in bridge funding

Dovly, a Phoenix-based fintech startup, has announced a $3 million bridge funding to help the company support massive growth plans over the next six to 12 months.  To date, Dovly has seen significant momentum, with the company reporting year-over-year growth of 800%. The bridge funds will be used to help Dovly keep up with this … Read more

Arizona’s Parchment acquires Ireland-based Digitary as part of a global expansion strategy

Parchment, a Scottsdale-based digital credential service, has announced its acquisition of Digitary, also a digital credential service, which is used in hundreds of higher education institutions around the world.  Parchment and Digitary are both edtech companies designed to allow students, academic institutions and employers to request, verify and share credentials, like academic transcripts, safely and … Read more

Fundraising platform Virtuous closes $18M Series B raise to support major growth and hire locally

Virtuous, a fundraising platform for nonprofits, has closed an $18 million Series B raise, which will be used to further support the company’s goal to hire locally and expand the team nationally.  The money will also help support the company’s fast growth trajectory and improve product offerings. The raise was led by Fulcrum Equity Partners, … Read more

Global IT consulting company TCS to invest $300M, adding jobs and expanding STEM education in Arizona

Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions company headquartered in India, has announced plans to invest more than $300 million in Arizona by 2026 and hire more than 220 employees here by 2023. The company will also expand the reach of its STEM and Computer Science education programs in … Read more

UArizona-led team receives $3M grant to use your Apple Watch to change healthcare forever

A multi-institution team led by faculty of the University of Arizona School of Engineering has received a $3 million grant to dramatically transform the healthcare system as we know it.  The effort is led by Janet Roveda, UArizona electrical and computer engineering professor who has done research in a number of areas and is also … Read more

Major Edtech company Transact Campus appoints new CEO

Transact Campus, Inc. (Transact), an edtech company that enables educational institutions to offer user-friendly payment transactions connected across an entire campus, has announced the appointment of Nancy Langer as the company’s new CEO.  As CEO, Langer will oversee Transact’s campus commerce technology, as well as the company’s huge ecosystem of integrated payments and ID solutions. … Read more

StartupAZ announces 2021 StartupAZ Collective cohort to encourage startup growth

For several years now, Metro Phoenix has been touted as one of the next major tech hubs in the U.S. The StartupAZ Foundation, a non-profit organization dedicated to growing Arizona’s startup ecosystem, has announced a new cohort of companies as part of its StartupAZ Collective. The StartupAZ Collective is designed “to increase the performance and … Read more

Trainual raises $27M Series B to improve platform and increase global expansion

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Trainual, a SaaS platform designed to help growing businesses standardize policies and processes, has closed a $27 million Series B round, bringing the company’s total funding to $33.75 million. The round was led by Altos Ventures, a major venture capital firm based out of Menlo Park, Calif. Trainual founder and CEO Chris Ronzio said in … Read more