Genetic sequencing startup raises $20M in growth equity capital

Genetic sequencing startup Tesis Labs has announced a $20 million of growth equity financing, marking the company’s first external raise since it was founded in early 2020.  This financing put the company at a post-money valuation of $520 million. The round began and ended in September of this year and it was led by Xcellerant … Read more

Social media monitoring startup Cyber Dive releases its own child-safe cell phone

Cyber Dive, a tech startup that focuses on helping parents monitor their child’s social media and cell phone activity, has released Aqua One, a fully functional smartphone to provide an additional tool to keep children safe when interacting online. The company’s mission is to “stop social media from becoming a social disaster,” Cyber Dive co-founder … Read more

Keap announces new e-commerce capabilities to simplify the headache of running a small business and online store

Keap, a sales and marketing automation platform for small businesses, announced a new strategy to further streamline all the processes required by small businesses to run an e-commerce site.  The Chandler-based company has launched expanded e-commerce capabilities in its Pro and Max products — the company’s most popular and newest options. The new capabilities are … Read more

Lotus Labs’ Padme machine learning platform launches at US Open

Lotus Labs Inc., a Chandler-based tech startup that helps companies integrate machine learning, launched its Padmé platform at the US Open.  It seems Daniil Medvedev and Emma Raducanu weren’t the only big winners at the tournament this year.  Lotus Labs specializes in both machine learning and edge computing, and its Padmé platform utilizes machine learning … Read more

Nextiva raises $200M from Goldman Sachs to accelerate and improve connected communications

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

Digital Air Strike joins CDK Fortellis Automotive Commerce Exchange to improve car-buying experience

Digital Air Strike, a consumer engagement technology company, has announced it will be a new contributor on the Fortellis Automotive Commerce Exchange platform built by CDK Global.  Scottsdale-based Digital Air Strike provides a broad suite of digital marketing solutions, ranging from SMS messages to website chat to social media channels, to car dealerships across the … Read more

Paradox acquires Baltimore-based Traitify to simplify recruiting process

Paradox, a recruiting software designed to make the process more conversational and personalized, has announced its acquisition of Traitify, a mobile-first digital assessment platform based in Baltimore, to simplify the recruiting process.  The terms of the deal were not disclosed, but Paradox founder and CEO Aaron Matos expects the Traitify platform to further enable Paradox’s … Read more

July roundup: Arizona tech stayed hot in the heat of the summer

July

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

Chandler company launches to defend critical industrial infrastructure systems

defend critical

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