Wyze Raised $110M, Chronus Got $78M, and More Seattle Tech News

August 9, 2021
photo: wyze

A busy week on the Puget Sound saw a variety of tech innovations with plenty of new funding to back them. Find out what these companies are doing with all their fresh capital. This is the Built In Seattle weekly refresh.

Wyze Labs got $110MAiming to offer affordable smart home solutions like security cameras, fitness trackers and robotic vacuums, Wyze received its latest injection of capital from Jay-Z’s Marcy Venture Partners. With the fresh capital Wyze is investing in upgrading its products’ AI features. Its cameras currently offer things like person, vehicle and package detection. [Built In Seattle]

Vera Whole Health raised $50MThe company provides patients with access to a network of medical professionals on its platform that supports a value-based care model. It aims to reduce costs and provide better health outcomes for patients. With its new cash from Morgan Health, Vera is planning to invest in growing its reach beyond the 10 states it currently operates within. [Built In Seattle]

Seattle Tech Quote of the Week

“Mentoring really helps make a difference, in particularly for diverse employees. Because what we’ve seen is that companies can turn into a club of sorts. If you leave mentoring for people to do on their own, what ends up happening is people at the top naturally gravitate to people like them. And so you end up having a homogenous group of leaders. If you’re a diverse employee, you may miss out on that opportunity if you don’t have a mentor who can help break that cycle.” —Chronus CEO Seena Mortazavi

Chronus pulled in $78MIts tech-based platform provides companies with the tools they need to run mentorship programs for employees looking for career growth. It also uses AI and algorithms to match up mentor-mentee partnerships. Chronus just closed on a round of growth funding from Level Equity, and it’s spending it on growing across teams including engineering, sales, marketing and customer success. [Built In Seattle]

NavigatorCRE secured $17.2MUsing data analytics, the proptech company’s SaaS platform helps customers in the commercial real estate space make more informed decisions to better their business. NavigatorCRE is expanding across North America and Western Europe with its Series A funding led by Fulcrum Equity Partners, and part of that expansion entails a hiring push to double its 40-person team. [Built In Seattle]

Zenledger got $6MAs a bill regarding tax reporting requirements surrounding cryptocurrency winds through Congress, Zenledger is looking forward to more suitable requirements, and is ready to meet them after its Series A raise. Zenledger operates a crypto tax accounting software platform and is looking to expand its services internationally. [The Block]

Tignis raised $1MHaving just completed startup accelerator BMNT’s H4XLabs program, AI company Tignis received a new investment and launched its PAICe product suite. Tignis built a low-code platform that’s meant to be usable for non-data scientists. It provides tools for machine learning analytics, scalable software cloud deployment and machine learning algorithms. The investment will go toward product commercialization and sales. [Built In Seattle]

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