Credit: Geekwire, Taylor Soper
Thunder, a digital advertising startup based in San Francisco, just opened a new office in Portland as it expands its footprint in the Northwest.
The company has three people working out of the new downtown office and picked Portland for its talent pool. Thunder also has an engineering office in Seattle with 22 employees.
Led by CEO Victor Wong, Thunder launched nearly a decade ago. The company, recently named to Forbes’ list of 100 Most Promising Companies, uses automation and AI to help advertisers, agencies, and publishers create custom ads for a variety of devices and formats. It has more than 100 customers, including Time Warner Cable, Hearst, Holiday Inn, and others.
Credit: Portland Business Journal, Jeff Jeffrey
Venture capital spending continues to lag behind the record activity of recent years, but startups needn’t worry; industry analysts say there’s still billions in dealmaking still to be done.
VC firms invested roughly $38 billion in startups and other early-stage companies during the first two quarters this year, down 10 percent from the $42 billion recorded during the same span in 2016 and off about $2 billion from 2015, according to data collected by Pitchbook and the National Venture Capital Association.
Credit: Seattle Times, Matt Day.
In addition to $250,000 in seed funding for startups, the Allen Institute for Artificial Intelligence is offering office workspace at its Wallingford headquarters, and counsel from its experts in machine learning, computer vision and hardware engineering.
Paul Allen’s artificial-intelligence research outfit is opening its doors to a handful of startups, dangling $250,000 in funding and the promise of opportunities to draw on the human brain power of its in-house Ph.D.s.
The Allen Institute for Artificial Intelligence has already lent a hand to a couple of Seattle startups that have gone on to success. Kitt.ai was recently acquired by Chinese search giant Baidu, and Xnor.ai has raised a round of venture capital funding. As of Tuesday, AI2, as the research unit calls itself, is seeking applications for startups to follow in those companies’ footsteps.
“We’ve decided to formalize and double down” on that work, said Oren Etzioni, the institute’s chief executive.
Credit: Geekwire, Tom Krazit
One common thread among emerging enterprise technologies is that early adopters can quickly find themselves flying blind, stuck with monitoring tools that weren’t built with that tech in mind. Serverless development looks like it might turn into one of those technologies, and Seattle’s IOpipe has raised $2.5 million to build out a monitoring tool for developers using serverless techniques.
The seed round was funded by Madrona Venture Group, NEA, Underscore VC, and others. IOpipe, founded by CEO Adam Johnson and CTO Erica Windisich, is a graduate of the New York TechStars incubator and while its eight employees are currently spread throughout the U.S., it plans to grow in Seattle, Johnson said.
Serverless is an exciting concept: yes, servers are still involved, but the technique gets its name from the fact that software developers don’t have to worry about provisioning infrastructure as demand for their app changes. Instead, they write functions, or triggers, that can execute responses to changes based on pre-determined criteria much faster than developers can respond manually.
Credit: Seattle Times, Kara Carlson
Produce from your backyard garden or fruit tree might be your neighbor’s next meal, or at least that’s the idea behind Port Townsend-based Vinder, which operates a website designed to let neighbors buy and sell backyard produce.
Pacific Northwest Startup Ecosystems
Learn about Pacific Northwest startup ecosystems – ecosystems we will cover include Eugene, Bend, Portland, Vancouver, Victoria and Anchorage. Topics include:
• Startup and technology initiatives as economic development strategies.
• Regional funding sources for startups raising capital.
• Ecosystem resources including co-working spaces, incubators/accelerators and startup conferences.
This workshop is designed for individuals that are interested in learning about Pacific Northwest startup ecosystems – including entrepreneurs, startup teams, consultants, business coaches, enterprise executives.
Workshop & Networking Objectives:
• Empower you with the tools and resources to expand your network into Pacific
Northwest startup ecosystems.
• Cover regional startup and technology initiatives as economic development strategies.
• Identify regional funding sources for startups raising capital.
• Identify Pacific Northwest ecosystem resources
*Food and drinks provided
Credit: Fortune.com, Clay Dillow
Christy Clark was kind enough not to mention the U.S. or its new President by name—at least not at first. But with talk of “Muslim bans” and H-1B visa restrictions swirling, the British Columbia Premier’s message to companies both Canadian and American was unmistakable: If the U.S. won’t welcome the world’s brightest engineers and programmers, so much the better for Canada.
Credit: UW, Charles Trillingham
The Buerk Center for Entrepreneurship accepted nine student-created teams into the 2017 cohort of the Jones + Foster Accelerator (J+FA). These new entrepreneurs will work under the mentorship of top Seattle entrepreneurs and investors for the next six months to become early-stage startups. Those who meet their milestones and complete the accelerator can earn up to $25,000 in follow-on funding. Most importantly, they will learn a framework for defining measurable goals, as well as the skills to navigate obstacles both seen and unforeseen along their entrepreneurial journey
Fifty-six companies have completed the Jones + Foster Accelerator program since its inception in 2010. Forty-one of those have been awarded seed funding through the Accelerator totaling $870,000. Thirty-six are still in business today—raising millions in funding, becoming household names, bringing families together in Haiti, purifying drinking water in Somaliland, and powering cell phones in Kenyan villages.
Credit: 425 Business, Margot Greenman
HaloSource, a Bothell-based provider of clean water technology, this week announced it has secured $2.2 million in a recent round of funding as well as signed a distribution deal that will help the company accelerate its presence in the global drinking water filtration market.
“Since our founding, we’ve been building an extensive technology portfolio of ways to treat water, powering some of the world’s foremost brands in household drinking water devices on an OEM basis,” said CEO James Thompson. “We are excited about our ability to use this wealth of knowledge to introduce new technologies and consumer products into the drinking water service market — a market worth billions. We have innovated in a way that no other company has, and now we will capitalize on those innovations to offer our own unique, proprietary products.”
Credit: WeAreBCTech, BC Tech Association
The Cube is designed for companies active in the virtual, mixed, and merged reality space and features resources, experts, workshops and programs that are geared to fostering creativity, growth, and sustainability.
The Cube is also a platform that enables the AR/VR MR community to connect, collaborate, learn from one another, and give back.