Seattle tech companies made strides this past week with mergers and funding rounds. Read on to see how these companies are innovating the local tech scene. This is the Built In Seattle weekly refresh.
OctoML gained $85M. Less than a year after raising $28 million, OctoML raised $85 million led by Tiger Global Management. The company provides a machine learning deployment platform for organizations to integrate across platforms and devices. The fresh funding will help the company grow and expand its platform. [Built In Seattle]
WhyLabs brought in $10M. WhyLabs was launched with the intention of helping companies and engineering teams understand their AI applications. The Seattle startup has since developed a SaaS platform to do just that. The latest funding round, led by Andrew Ng’s AI Fund and Defy Partners, will be used to grow the WhyLabs team. [Built In Seattle]
SEATTLE TECH QUOTE OF THE WEEK
Magnify raised $6M. The seed funding was led by Madrona Venture Group. Magnify provides software to help move along the customer service onboarding experience. The company recently launched from stealth after spinning out of Madrona Venture Labs. The recent funding will help Magnify grow and hire for several open tech positions. [Built In Seattle]
Green Canopy and NODE merged. The two companies have merged to form Green Canopy NODE. The new company, a vertically integrated construction tech firm and fund manager, also closed on a $10 million funding round. The merger aims to bring the companies closer to the goal of making construction more sustainable, efficient and cost-effective. [PR Newswire]
