Portland startups, open source, and tech news, jobs, and events #pdx
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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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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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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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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