Portland startups, open source, and tech news, jobs, and events #pdx
While the size of today’s Seed Rounds seem more like Series A rounds from a few years ago, it’s nice to see a Portland startup taking advantage of the trend — and dry VC powder — to fuel their growth here locally. This morning, I got word that DeepSurface has raised $4.5 million. Participating investors include Differential Ventures, which led the round; Osage Venture Partners; Ginossar Ventures; and Peninsula Ventures.
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I’ve been tracking on a Portland startup called Kanchil for a bit. Mostly because they’ve posted opening to the Silicon Florist job board. It seemed pretty stealthy at the time, so I was reticent to post much about it. But now, they have a new name and some new funding. And other people are writing about it. So now I feel more comfortable encouraging you to take a look at DeepSurface.
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More than one company is reportedly interested in buying Peloton. Is Peloton actually for sale? That’s not yet clear. But this much is: Peloton’s stock is down more than 80% over the last year, it has run into a series of problems with its products and it seems to be a company in disarray. It was a $50 billion company a couple of years ago, and its market cap has dropped to about $7.5 billion. And that’s after a big jump that came from the acquisition rumors.
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Another Bend Venture Conference is in the books. And a collection of startups now have additional investment fueling their future growth. To the tune of $550,000 potentially being invested — post due diligence — in six Oregon startups and one Canadian one. But who and what impressed the audience enough to secure those investments? Let’s take a look at the winning companies.
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For all of the weirdness of 2020, some things in Oregon remained the same. People still built interesting companies. And local investors still supported them. Among them, Cascade Seed Fund wound up adding a dozen companies to its portfolio.
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Looking for a job with Portland tech or startup companies? Well, you’re in luck. Because there are a number of folks on the Silicon Florist job board who are looking for you. Like who? Well, let’s take a look.
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Just came across this company — mostly because they’re hiring. Meet Kanchil, a Portland startup focused on helping organizations do a better job of predictively modeling risk.
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