In a slower week for tech news on the Puget Sound, a few startups are pulling in funding as they gear up to make new advancements. This is the Built In Seattle weekly refresh.
SoundCommerce raised $15M. Aiming to assist in the decision-making processes for direct-to-consumer businesses, the startup secured a Series A funding round led by Emergence Capital. The platform collects data for these companies about profitability, logistics and inventory. The fresh cash will go toward growing the SoundCommerce team and expanding its platform’s capabilities. [Built In Seattle]
Redfin had a lucrative 2020. The real estate platform reported $886.1 million in revenue last year, a sum that represents a 14 percent year-over-year increase from 2019. The company has made plenty of moves toward expansion recently. As part of its future growth plans, the brokerage is looking to expand into the rental space by acquiring Atlanta-based RentPath. [Puget Sound Business Journal]
Seattle Tech Quote of the Week
Highspot pulled in $200M. With its platform that works to help sales teams increase their revenue, Highspot is looking back on a year of company growth. With Series E funding led by Tiger Global, the company hopes to focus on expanding its international operations as well as hiring new employees across all departments. [Built In Seattle]
Pendulum works to cease the spread of misinformation. Plenty of videos have been removed from social media platforms for containing political and cultural misinformation in recent months. Pendulum is developing a way to combat the issue head-on with its Transparency.tube project that weeds out harmful narratives from publicly available video content. [GeekWire]
