Seattle tech companies turned up the heat on funding this month. Remitly and Icertis led the way, turning in triple digit rounds to become the city’s newest unicorns. Meanwhile, Seattle’s other tech companies notched rounds ranging from nearly $15 million to $50 million. All told, this month’s top rounds added up to more than $340 million in funding. That seems appropriate for a city that was also named the second best market for tech talent. Check out the rounds below:
#5, $14.4 million
What they do: Founded in 2013, Balena specializes in helping companies improve the connectivity and computing power of their IoT devices through edge computing. The company’s tools make it easier to access and control the devices remotely via a single dashboard.
The round: With IoT devices ramping up in popularity, Balena raised its $14.4M Series B round to grow its team and improve its core technology.
#4, $30 million
What they do: AppViewX launched in 2008 to help companies tackle its IT challenges. It does this through application delivery, certificate lifecycles and network security through an automated dashboard. To keep it from being bogged down with data and a hard-to-use interface, the company’s platform is designed to be low-code and full of visual cues.
The round: AppViewX has long been quiet on the funding front, but that changed this month with its $30 million Series A round. The company plans to use it to accelerate innovation and expand its global footprint.
#3, $50 million
What they do: Ever wonder how your favorite brands like Gap or TGI Fridays know how to catch your attention online? Amperity is to thank for that. Founded in 2016, the Seattle-based company uses AI to help brands track and analyze customer data to provide a more personalized experience.
The round: Amperity plans to use its $50 million funding round to build on its software and continue meeting the needs of its big-name clients. Tiger Global Management led the round, with participation from Declaration Partners, Goldman Sachs and others.
#2, $115 million
What they do: While contracts are a necessary part of doing business, it often takes a team of lawyers to manage and decipher them all. Founded in 2009, Icertis provides contract management software that helps companies not only understand what they mean but also when they are in breach or there are changes. The company’s goal is to make contracts active rather than passive.
The round: Meet Seattle’s second unicorn of the month. After raising $115 million in a Series E, Icertis saw its valuation jump to more than $1 billion. The company plans to use it to deepen its platform and invest in its proprietary blockchain framework.
#1, $135 million
What they do: For millions of immigrants, sending money back home is a process fraught with delays and fees that eat away at funds their families desperately need. Founded in 2011, Remitly aims to make it easier and faster for immigrants to send money back home. Through its app, users can make a direct bank deposit, schedule a cash pick-up or transfer money directly into mobile accounts. Since launching, they’ve helped process more than $6 billion in transactions.
The round: With this Series E round, Remitly earned its unicorn status reaching $1 billion in valuation. The company plans to use the funds to continue adding countries to its service base.
