TINYPulse Acquired, Picnic Raised $4.2M, and More Seattle Tech News

July 26, 2021
Photo: TINYpulse / Facebook
Photo: TINYpulse / Facebook

Companies on the Seattle tech scene pulled in funding rounds big and small last week and have plenty of plans with the fresh capital. Find out what else is new. This is the Built In Seattle weekly refresh.

Fabric secured $100MThe company provides a headless platform meant to help mid-size businesses compete with larger e-commerce companies. The Bellevue-based company is planning to spend its latest round of funding on global expansion and hiring. Stripes led the Series B round that brings the startup’s valuation to $850 million. [Built In Seattle]

TINYPulse to be acquired by LimeadeLimeade serves enterprises with its employee well-being software, and the Bellevue-based company announced its plans to acquire Seattle’s TINYPulse for $8.8 million. TINYPulse specializes in gathering employee feedback, and together the companies are looking to help create better workplaces. The deal is set to close by the end of this month. [GeekWire]

Seattle Tech Quote of the Week

“The changes in food service are going to be permanent. While dine-in experiences will come back, the idea that commercially prepared food is always in a kitchen attached to a dining room is obsolete. The change brings some pain in the short run as every industry transformation does, but the result will be a healthier, more successful and more productive food service industry that will be ready to meet the needs of consumers in the 21st century.” —Picnic CEO Clayton Wood

Picnic raised $4.2MThe startup is developing tech for the food automation sector, aiming to reduce food waste and labor costs with its robotic solutions. Its first product is a machine capable of making 100 pizzas in one hour. With its Series A funding, Picnic is looking to hire new talent to its team with dozens of positions available now. [Built In Seattle]

HaptX pulled in $12MAiming to realistically simulate the sensation of touch, the startup developed its HaptX Gloves DK2 to make VR a more immersive experience. The company just established a new 15,000-square-foot headquarters in Redmond and is planning to invest its Series A-1 round in growing its team across mechanical engineering, software development, sales and operations. [PR Newswire]

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