With fresh funding rounds and a new acquisition on the Seattle tech scene, read more on how these companies are growing their business and developing their products. This is the Built In Seattle weekly refresh.
ExtraHop acquired for $900M. The cybersecurity company provides enterprises with a software platform that helps them prevent, detect and eliminate network security threats with AI and machine learning. It operates within the fast-growing network detection and response sector of the industry. Venture capital firms Bain Capital and Crosspoint Capital are acquiring the company in one of Seattle’s largest tech startup acquisitions to date. [Built In Seattle]
Flyhomes raised $150M. The Series C round for the property tech company was co-led by Norwest Venture Partners and Battery Ventures. The company assists homebuyers with the home-buying process from start to finish, and has experienced rapid growth and growing demand thanks to the real estate boom. The company is putting the funding toward expanding into new markets and growing its team. [Built In Seattle]
Seattle Tech Quote of the Week
Stackline raised $130M. Helping out brands developing their e-commerce presence, Stackline received an investment from TA Associates. Its platform provides retailers with tools like analytics and retail market intelligence. After experiencing 75 percent company growth this past year, Stackline is looking to add new platform features, establish partnerships and increase its headcount past 150. [Built In Seattle]
Zenoti got $80M. The startup offers spas and salons cloud-based software that helps them grow their business and better serve their customers, and last week it landed an additional injection of capital led by TPG. It’s putting the funding toward expanding its platform through mergers and acquisitions, and providing its employees with liquidity. The company also recently launched a community initiative to provide wellness services to people in need. [PRWeb]
Shipium got $8M. This startup is working to help e-commerce brands compete with Amazon in the age of online ordering. Its platform provides them with inventory placement, expedited shipping, order routing and shipping carriers. After its seed funding led by Trilogy Equity Partners. Shipium is planning to build out its team across sales, engineering and data science. [Built In Seattle]
Aserto pulled in $5.1M. Having created a software solution for the authorization space, Aserto announced the close of its seed funding round from Costanoa Ventures. The company’s platform works for developers, lightening their workload and helping them better their enterprise SaaS applications. It’s expanding a beta offering of its product for enterprises as it continues to develop its platform. [TechCrunch]
