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
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
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
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
Arizona startup funding continues to increase, allowing businesses to grow. Phoenix-based Hammoq and Mesa-based Better Agency recently announced seed round raises. Hammoq raises $3 million Hammoq announced a $3 million seed round late last month. The startup known as “the Shopify for e-commerce businesses” uses its platform to automate time-consuming tasks, including auto-listing products, cross-listing … Read more
Three smart city associations, two of which are based in Arizona, joined forces to take a “region of regions” approach to collaborate and evaluate new financial models. The North Texas Innovation Alliance (NTXIA), a consortium of almost 30 municipalities, agencies, corporations and academic institutions in North Texas; The Connective, a Phoenix-based research and implementation partnership … Read more
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
Scottsdale-based Systems Oncology, a biopharma startup, won the biopharma track of the Pitch Perfect competition held at the MedCity INVEST Conference. Systems Oncology was founded in 2015 with the desire to develop therapies that can overcome cancer’s resistance to some drugs and offer patients long-lasting treatment. The company’s AI platform, Expansive AI, analyzes cancer genomes … Read more
New Tempe-based startup Fireline Science has been awarded a competitive National Science Foundation (NSF) Small Business Innovation Research (SBIR) grant. Every year, America’s Seed Fund, powered by NSF, awards $200 million to startups and small businesses that work to create products and services with commercial and societal impact. Startups in science and technology can receive … Read more
The University of Arizona has received a very generous gift from a graduate: $2 million to advance UArizona’s space exploration. The university said $1.5 million will be used to purchase a nanoscale secondary ion mass spectrometer, an instrument that those at the UArizona Lunar and Planetary Laboratory will use to study samples from the solar … Read more