Portland startups, open source, and tech news, jobs, and events #pdx
Part of the ebb and flow of the Portland startup community — or any startup community for that matter — is a regular cadence of companies being founded, funded, and acquired. We’ve seen a great deal of the founding and funding over the past few years. And now, there’s another acquisition in our midst. PIE and Techstars Seattle alum Caravel has been acquired by Commsor.
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I was just doing some research on the ConductorOne $15 million raise when my DMs and email were bombarded with news of another raise. Which also happened to be $15 million. For a Beaverton company. Which I thought was coincidental. If not strange. And then I realized that it was simply a super common mistake. That’s been occurring for the last 15 years or so.
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It’s always nice to see local startups continuing to grow. And sometimes, the best way to efficiently continue that expansion can be picking up companies with complementary technologies. Which is what happened this week as Vancouver, Washington, startup RealWear announced the acquisition of Seattle startup Genba.
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Seattle VC firm Flying Fish has a new cache of dry powder for Artificial Intelligence and Machine Learning startups. And given that they’ve been active in Portland in the past, that could mean good news for AI/ML startups seeking early stage funding.
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For all of the talk of “disruption” over the past decade, there are still plenty of industries that remain faithful to the same processes and ways of doing business that has worked decade after decade. Architecture and construction are no different. But there’s a glimmer of hope that they might soon be realizing some efficiencies thanks to startups like UrbanForm.
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A lot has to do with Hoang-To, who strikes a much different pose than the stereotypical venture capitalist. An immigrant entrepreneur who was born in a refugee camp before her Vietnamese parents settled in Silicon Valley, Hoang-To describes herself as a “super scrappy” founder.
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A new startup with a presence in both Bend and Seattle has come out of stealth with the announcement of a $6 million round. Meet Magnify, which was incubated in Madrona Venture Labs.
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While the name Vizify might not be familiar to more recent transplants, it definitely rings a bell for folks who have been in the Portland startup community for a bit. An early investment for the then new Portland Seed Fund, Vizify was one of the first local companies to be selected to participate in a Techstars cohort. And apparently, that selection put them in rare company.
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It’s one of those weeks in Seattle. Founders’ Co-op announced their new fund. And now, Pioneer Square Labs has revealed Fund II, a $100 million fund focused on early stage startups in the Pacific Northwest.
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While Auth0 is a Seattle company, they do have a distinct Portland tie. You see, the Portland Seed Fund was one of the company’s early investors. And today was a big day for everyone involved, given that it was just announced that Okta is acquiring Auth0 for $6.5 billion.
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