With several mid-size funding rounds on the Seattle tech scene, companies are planning to grow their products and their teams. Find out who’s hiring. This is the Built In Seattle weekly refresh.
OctoML pulled in $28M. The Series B funding for the startup was led by Addition and will allow it to double its 45-person headcount. Its platform works to speed up the machine learning timeline by automating the processes of optimizing, benchmarking and deploying models. Roles will be available across several departments including engineering, sales, customer success and marketing. [Built In Seattle]
JetClosing secured $11M. Aiming to modernize the home-buying process is digital title and escrow specialist JetClosing. It closed on its Series B round from investors including PSL Ventures and Trilogy Equity Partners, and it plans to put the funding toward its product and operations and market expansion. JetClosing also appointed Seattle tech veteran Anna Collins as its new CEO. [Built In Seattle]
Seattle Tech Quote of the Week
Shelf Engine got $41M. Its tech is active in over 2,000 stores and uses AI, machine learning algorithms and multiple data sources to predict demand for highly perishable foods, helping these stores minimize waste and maximize profits. With its fresh funding led by General Catalyst, the startup is planning to bring its product to more stores and make upwards of 200 new hires by the end of the year. [Built In Seattle]
Deako Lighting raised $12.5M. The company developed a smart light switch that allows homeowners to swap in remotely controlled lighting using their home’s existing wiring. This installment of its Series B funding round brings the company’s total funding to $36 million, and the capital will go toward furthering the growth of its tech. [GeekWire]