Groundfloor Raised $118M, Carvana to Hire 3,500, and More Atlanta Tech News

Catch up on the latest developments from the Atlanta tech sector.

Written by Ashley Bowden
Published on Feb. 28, 2022
Groundfloor Raised $118M, Carvana to Hire 3,500, and More Atlanta Tech News
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Photo: Shutterstock

Companies are expanding their workforces and fueling their businesses with fresh rounds of funding following a week of growth on the Atlanta tech front. Find out which businesses are making moves. This is the Built In Atlanta weekly refresh. 

Carvana plans 3,500 Georgia hires. The e-commerce platform for used cars has been an established presence in the Peach State for years. With a dealership in Atlanta and a collection of other facilities in the state, Carvana is expanding its Georgia operations with a new location in DeKalb County. The company already employs 1,500 locals, but plans to onboard 3,500 team members in the future as it continues to grow. [Built In Atlanta]

Cyble secured $10M. Specializing in the information security space, Alpharetta-based Cyble announced it raised Series A funding to further its product and expand its market presence. The round was led by Blackbird and follows the company’s prior seed raise last April. The cybersecurity platform that works to help enterprises mitigate their digital risk is hiring across its UX design, engineering, DevOps and research teams. [Built In Atlanta]

Atlanta Tech Quote of the Week

“Groundfloor launched in 2013 with the mission to open private capital markets to everyone. … We’re the only platform that allows everyone to invest on a fractional basis in loans for the development or construction of residential real estate.” — Groundfloor co-founder and CEO Brian Dally

Groundfloor raised $118M. On a mission to give anyone the opportunity to invest in real estate, Groundfloor announced a mixed funding round from several investors including commercial real estate firm Medipower. The money will help Groundfloor double the size of its team. It plans to hire 50 new employees in 2022 as it works to scale its real estate wealthtech solution. [Built In Atlanta]

ProArch acquired Enhops. The IT service firm that works to help businesses along their digital transformation announced its acquisition of Enhops, a Plano, Texas-based software testing and quality assurance company. The acquisition adds 120 members to ProArch’s workforce and deepens the company’s capabilities in quality assurance. ProArch, which also announced a $25 million growth funding round earlier in the month, aims to grow within the product engineering sector as well.  [Business Wire]

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