Scottsdale-based Lessen, a marketplace platform that connects property owners to service professionals, announced it closed a $35 million Series A funding round. The Series A was led by Fifth Wall, the largest VC focused on technology for the global real estate industry. Khosla Ventures, General Catalyst and Navitas Capital, who invested in Lessen’s seed round, … Read more
CP Technologies, a standard and custom rugged computer hardware designer and manufacturer, has opened its new 50,000 square-foot facility in Prescott. CP Technologies was acquired by Israeli-based Aeronautics in 2018 and, since that time, has expanded its offerings beyond rugged high-performance computer platforms, data links and LCD displays for the military and industrial and commercial … Read more
Arizona saw some big tech developments in May, from expansion, acquisitions and life-saving partnerships to raising millions for local and regional startups. Another possible TSMC expansion in Arizona Taiwan Semiconductor Manufacturing Co., the world’s largest chipmaker, may expand even more in Arizona. Reuters reported in early May that sources familiar with TSMC’s expansion plans said … Read more
Over the past two years, Arizona startups have received more venture capital than ever before. According to ClearData, Arizona is still trailing the major U.S. startup hubs by a fairly wide margin. And yet, the tech startup industry here is growing fast. Arizona appeals to both local founders and founders originally based out-of-state, thanks to … Read more
National Economic Development Week is wrapping up, but what isn’t ending this week is ASU’s commitment to helping businesses thrive in Arizona and contribute to the state’s economy. ASU’s Economic Development team works to help businesses succeed in our pro-business state by positioning them within reach of talented people and a multitude of resources at … Read more
ElectraMeccanica Vehicles Corp., Canadian electric vehicle (EV) company, broke ground on its first U.S. based assembly facility and engineering technical center planned for Mesa. It’s the third groundbreaking for an EV manufacturing facility in Arizona since 2019. “Today marks a momentous occasion for our company,” Paul Rivera, the company’s CEO, said in a statement. Rivera … Read more
The Covid-19 pandemic cost the United States over 22 million jobs. The U.S. is 8 million jobs short of where we were in February 2020. Even so, Arizona job growth is increasing. It won’t be slowing down any time soon, as the state economy recovers faster than the rest of the country. Amid the country’s … Read more
The tech industry in Arizona continues to grow, and April was no exception — companies from across the country and world continue to see Arizona as a great place to move or expand their businesses. Here’s our April recap of top tech news from throughout Arizona. Moov Technologies shifts headquarters to Phoenix area Moov Technologies, … Read more
“Definitely not for sale,” reads the Knox Financial lawn sign, which looks just like a “home for sale” sign post. “Turn your home into an income property,” the rest of the sign reads. Knox Financial, a Boston-based fintech company focused on property investors, launches today in Phoenix. David Friedman, one of the company’s cofounders and … Read more
Photocentric, Inc., an additive manufacturing company based in the United Kingdom, has announced plans to establish its US headquarters in Avondale. The company will move from its current location in Phoenix and lease a 50,000 square-foot facility in Avondale, doubling in space. This move signals a “rapid growth phase” for Photocentric, according to a press … Read more