Arizona State University has announced that the startups in the Skysong Innovations portfolio have raised more than $1 billion in external funding. This is a major accomplishment for Skysong Innovations, which is the entity that gets ASU research out into the world. “A billion dollars of investments is an incredible milestone that signals enormous accomplishment, … Read more
Mosaic Building Group, a construction technology startup based in Phoenix, has announced a $44 million Series B funding round. This round brings the company’s total funding to $68.75 to date. The round was led by Peak State Ventures, Andreeson Horowitz, Starwood Capital, Founders Fund, Innovation Endeavors and Building Ventures, among others. Mosaic will use the … Read more
ActiveClass, an early stage education technology company designed to help increase student engagement, has raised $1.9 million in seed money. The Scottsdale-based startup will use the money to hire more employees to support growth, improve customer service and speed up product development. “We are beyond excited for what this means not just for us at … Read more
Venture Madness, an annual conference put on by Invest Southwest, happened this week and we’ve got the winners of the Venture Madness competition. Venture Madness brings together investors and some of Arizona’s stand out startups for two days of networking and pitching. Earlier this year, Invest Southwest announced 25 finalists — five companies in five … Read more
Botco.ai, a Scottsdale-based artificial intelligence chatbot platform designed to support enterprise healthcare organizations, closed a $3.6 million seed round led by VamosVentures, a venture capital firm based in Los Angeles. This win is another in a string of achievements this year for botco.ai. Botco.ai will use the funds to speed up the company’s product development … Read more
Virtual healthcare platform eVisit has announced the close of a Series B funding round, led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs). Other participants include Texas Health Resources, Tom Burton and Steve Barlow (Co-founders of Health Catalyst) and more. “We’re thrilled to partner with Goldman Sachs and other highly strategic … Read more
Nextiva, a Scottsdale-based connected communications company, has announced a $200 million raise from Goldman Sachs at a $2.7 billion valuation. This is the company’s first external funding round. The investment follows a year of growth for Nextiva, which reports $250 million in ARR. Additionally, the company boasts continued product development and market leadership. According to … Read more
A for Arizona, a nonprofit organization dedicated to improving Arizona education, has been selected as program administrator for the Arizona Transportation Modernization Grants Program, which is designed to address the many problems with current school transportation. This new $20 million initiative puts Arizona at the forefront of developing safer, more innovative and more reliable ways … Read more
Invest Southwest, in partnership with the Arizona Commerce Authority, has announced the 25 Presenting Company finalists that have been selected for the 2021 Venture Madness Competition. These finalists will get exclusive access to the region’s most active accredited investors, all in one place. Invest Southwest and the Arizona Commerce Authority present the annual conference, which … 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