The Seattle tech scene had a lot of announcements last week, in addition to an $8.5 billion Amazon acquisition. Keep reading to find out which other tech companies made headlines. This is the Built In Seattle weekly refresh.
Amazon acquired MGM. Amazon acquired MGM in a deal worth $8.5 billion. The deal was proposed in May and was waiting for clearance from the U.S. Federal Trade Commission (FTC), which could have challenged the deal. The FTC has not challenged nor formally approved the deal but since a challenge was not issued, Amazon was allowed to move forward with the deal. The companies are still unsure of how leadership will look moving forward. [Variety]
RightBound got $15.5M. Kirkland-based company RightBound uses AI and machine learning to help sales teams automate and optimize their process. The company raised $15.5 million led by Innovation Endeavors as an extension to its Series A round. RightBound has had a big year for growth and has more than tripled its valuation. The company has raised $27 million to date. [Yahoo Finance]
SEATTLE TECH QUOTE OF THE WEEK
Doxo raised $18.5M. Doxo is an all-in-one payment platform that can be used on any device to help users keep track of and pay their bills. The company raised $18.5 million in a Series C round led by Jackson Square Ventures. The new capital will go toward expanding its platform and bill pay provider directory. Doxo also plans to double its team in the near future and currently has multiple job openings available. [Built In Seattle]
Pallet gained $15M. Pallet is a social purpose company, according to its website, that focuses on tackling homelessness by building tiny homes that can be assembled in less than an hour. Pallet recently gained $15 million in a Series A round and will continue to build these shelters. It also plans to hire people who might struggle to gain full-time work due to homelessness, substance abuse or former incarceration. [GeekWire]
Retrocausal raised $3.4M. Seattle-based Retrocausal is an AI manufacturing platform used to help workers catch any mistakes during large-scale manufacturing. The company raised $3.4 million that will be used to scale its platform globally. Retrocausal hopes to hire 11 more employees this year. [Built In Seattle]
