Startups on the Seattle tech scene are growing and making moves with their latest rounds of venture funding. Read more about what these companies are planning with the month’s largest funding rounds in the tech space.
#5. $40 million, March 9
As SMBs tend to face cybersecurity threats of a similar level to enterprises, this company’s software helps protect them with its AI-powered security platform that works to pick out threats quickly and accurately. ActZero pulled in a hefty $40 million round led by Point72 Hyperscale. With the money, this startup announced the public launch of its product.
#4. $41 million, March 18
Aiming to optimize grocery stores by using machine learning and data to predict demand for highly perishable foods, Shelf Engine closed on a $41 million Series B led by General Catalyst. Its tech provides a solution to help grocery stores avoid wasting food and money. The funding will help it expand its tech into more stores. Currently, Shelf Engine is live across 2,000 businesses. It’s also looking to onboard upwards of 200 new staffers.
#3. $65 million, March 9
The startup’s AI-powered Talent 360 platform helps companies sift through today’s diverse pool of talent to find prospective employees before their competition, and it’s undergone 10x growth since the time of its Series A. SeekOut grabbed $65 million in new funding in a Series B led by Tiger Global to expand its platform and grow its team. This latest round brings the company’s total funding to date to $73 million.
#2. $80 million, March 11
Specializing in contract intelligence, Icertis’ platform helps digitize the contracting process. It extracts data from contracts and connects it to operational surround systems. Icertis has seen an increase in usership since the start of the pandemic. Following its Capital Group-led Series F, it’s planning to fuel AI and blockchain development, expand its sales and marketing footprint, establish new partnerships, and grow its team.
#1. $100 million, March 24
As the amount of screen time for people increased during stay-at-home orders, Rec Room saw significant pandemic-fueled growth for its gaming platform. It allows users to create their own virtual spaces for hanging out or playing mini games. Having hit a valuation of $1.25 billion following its $100 million raise, Rec Room plans to invest in obtaining new users.
