Tiempo development, a nearshore software development company specializing in enterprise cloud solutions, announced they have secured a $2.2 million in royalty financing from Cypress Growth Capital. CEO of Tiempo Cliff Schertz said they decided to go with Cypress because of their royalty-based investment model caters to high-tech companies. “[We needed] to put more cash into … Read more
Texas-based Cypress Growth Capital made its first Arizona investment at a Tempe-based digital advertising consultant, Genius Monkey. The investment of $2,000,000 was royalty-based. Genius Monkey will use the funding to further develop its artificial intelligence behind its advertising software, according to CEO Clint Ethington. Along with general support of their existing software, Ethington hopes to use … Read more
Over the past year, Arizona has been a hot spot for technology and business expansion. With the national eye watching what’s brewing in the Valley of the Sun, companies large and small have chosen to expand in a hotbed of new innovation, bringing both jobs and investments with them. According to data collected by the … Read more
Back in June, AZ Tech Beat and Axosoft were featured on ABC’s show The List as one of Arizona’s coolest places to work. Inspired by the piece, we decided to put together a list of our own. These spots offer awesome benefits and sprinkle the workplace with lots of extras to keep employees happy, healthy … Read more
IO, a global leader in software-defined data centers, announced recently that it has received patent approval for its modular data center, a major achievement for intellectual property in Arizona. After initially filing the patent back in 2008, the U.S. Patent and Trademark Office has officially certified IO’s proprietary software-defined modular data center model. This model … Read more
It’s no surprise that Phoenix is on an upswing with job growth, more out-of-state companies are expanding here and startups are percolating from the local universities and incubators. In a research report released today by CareerBuilder and Economic Modeling Specialists Intl. (EMSI) it revealed that Phoenix was among the “Top 10 cities with the highest … Read more
Yesterday Tesla Motors, the maker of the high-end electric vehicle, released plans about their “Gigafactory” where they intend to build advanced electric batteries for their next generations of cars. In the Tesla blog post, “The Gigafactory is designed to reduce cell costs…by 30 percent…and, by 2020, produce more lithium ion batteries annually than were produced … Read more
For the third year in a row, the Arizona SciTech will launch a six week celebration of science and technology beginning January 28th. The Arizona SciTech Festival is a state-wide celebration of science, technology, engineering and math (STEM or STEAM when you include the arts) held annually in February and March. Through a series of … Read more
The Industry Leaders of Arizona Awards, presented by AZ Business magazine and the Premier Sponsors, recognizes the contributions and impact of Arizona-based companies. The ILoA Awards focus on five different industries each year and distinguish Arizona-based companies for their innovation and community leadership. The 2014 technology finalists include these Arizona businesses and entities: Ipro Tech, Microchip … Read more
The Arizona Commerce Authority (ACA) today announced the six winning companies in its Fall 2013 Arizona Innovation Challenge (AIC). These grant recipients represent innovative Arizona entrepreneurs who are creating technological solutions with the potential for global impact: in the Fall 2013 Arizona Innovation Challenge (AIC), a bi-annual business plan competition that awards the most money … Read more