FoCo-based Madwire announces expansion, will add 700 employees over 3 years
Major growth is on the horizon for Fort Collins-based Madwire. This week, the marketing tech company announced that it signed a lease on a new, 102,000-square-foot space. The office will allow the company to grow from 500 to 1,200 employees over the next three years, expanding teams across all departments. [Built In Colorado]
Faction raises $18M Series B, plans to hire 50 in 6 months
Cloud services provider Faction announced today the close of an $18 million round of Series B funding. The Denver-based company plans to use the financing to expand its products and services and double down on its sales and marketing efforts. It will hire as many as 50 new Colorado employees in the next six months, adding to all areas of the business but focusing most heavily on software development, engineering, and managed and professional services. [Built In Colorado]
Alchemy IoT brings on new executive vice president of sales
Alchemy IoT, a provider of AI-powered software for industrial IoT devices, hired industry veteran Greg Walsh as its new EVP of sales. Walsh will lead Alchemy’s sales team and help accelerate growth following the release of the company’s cloud-based SaaS application. He brings over 20 years of experience in industrial enterprises, having held leadership roles at companies like G.E., Alstom Power and ABB Power Generation. [Press release]
DigitalGlobe partners with SpaceX to launch its next-gen WorldView satellites
Geospatial imaging company DigitalGlobe said on Wednesday that it had chosen Elon Musk-backed rocket launch provider SpaceX to launch the next generation of its WorldView satellite imaging constellation. The first block of satellites will launch in two separate flights in 2021 using SpaceX’s Falcon 9 rockets. [TechRockies]
Living Ink Technologies wins Phase II grant from National Science Foundation
Yesterday, e-commerce and biomaterials company Living Ink Technologies announced it had been awarded a $750,000 Small Business Innovation Research grant from the National Science Foundation. The grant will go toward the research and development of its algae-derived Ink technology, enabling the company to develop other pigments, scale the business and create a sustainable replacement for traditional ink cartridges. The company currently sells products printed with its living ink online. [Press release]
