July proved to be another big month for Arizona tech, with local companies raising millions, out-of-towners relocating to the Valley, and plenty of events and cohorts popping up to support startups. This month, we put a spotlight on diversity and talked to leaders from around Phoenix to give founders tips on how to diversify your … Read more
Aira, a tech startup based in Chandler, has announced a $12 million Series Seed funding round that will help the company continue to pursue its mission to revolutionize wireless charging. The first investor for this round was Motherson Innovations Company Limited, the emerging technologies arm of the Motherson Group, a Tier 1 global automotive supplier … Read more
Three Scottsdale founders have been named by Ernst & Young (EY US) as winners of the Entrepreneur Of The Year 2021 Mountain Desert Region Award. Chris Ronzio, founder and CEO of Trainual, and Andrew Leto & Michael Leto, Emerge founder and CEO (respectively), were the only Arizona founders on the list of winners. The rest … Read more
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