Tanium Got $125M, vCita’s New Partner, and More Seattle Tech News

February 1, 2021
photo: vcita

Seattle tech companies had a productive period last week with several pulling in new funding and making other moves. This is the Built In Seattle weekly refresh.

Qualtrics boosts its valuation after going publicFollowing its successful IPO, the experience management software company reached a valuation of more than $23 billion. Last week, it listed 51,695,568 shares of stock at $30 per share. With investor backing, those share prices were bumped up 50 percent, leading to an impressive moment for Qualtrics. [Built In Seattle]

Tanium pulled in $150MWith its cloud-based cybersecurity platform, the company gathered fresh funding from the strategic investor Ontario Teachers’ Pension Plan Board to support its disruptive tech. After relocating its headquarters from the Bay Area to Kirkland, Tanium is already making big waves on the Seattle tech scene. The raise follows recent achievements like the launch of its new product and a partnership with Salesforce. [Built In Seattle]

Seattle Tech Quote of the Week

“2020 was a challenging year requiring that we rethink our go-to-market strategy and plans as realities tied to the pandemic dramatically impacted by first slowing and then dramatically accelerating our market. Those essential pivots and continued investment in our people and technology enabled us to seize this remarkable opportunity as category leader of orchestration.” —Usermind CEO Michel Feaster

Usermind raised $14MThe company helps customer success teams keep their customers engaged with its orchestration platform. The platform helps businesses monitor and learn about their customers. With the close of this WestRiver Group-led funding round, Usermind is hiring new members to its staff with available positions in finance, sales and customer success. It’s also searching for a VP of business development. [Built In Seattle]

vcita lands new partnerBellevue-headquartered vcita is a management platform for SMBs and it is joining forces with Utah-based Lendio, which offers loan options for small businesses on its marketplace platform. With the new strategic partnership, the companies are aiming to expand support for small-business owners. One way they’re doing this is by helping SMBs receive payment protection program loans from the U.S. government. [Accesswire]

Techstars Seattle announced its 2021 accelerator classAs part of its yearly accelerator program, Techstars is hosting an online class to coach new companies on business essentials. Some of this year’s participants include STEM edtech platform Brite, adoption platform Pairtree as well as wardrobe marketplace Storey the App. [GeekWire]

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