Seattle is gearing up for tech developments in the new year with small- and mid-size funding rounds and new partnerships to get the ball rolling. Learn what tech companies are already working on at the start of 2023 in the Built In Seattle Weekly Refresh.
Seattle tech companies scored big in 2022. Tech innovations on the Puget Sound received billions in venture capital to back their development in 2022. The year’s largest tech funding rounds in Seattle totaled approximately $3.2 billion in industries like property tech, e-commerce, clean energy and advertising. The largest nine-digit raise went to a nuclear energy company. [Built In Seattle]
SingleFile pulled in $3.2M. Legaltech solution SingleFile helps companies file their annual reports with states. The platform also serves verticals including private equity and real estate. SingleFile recently secured growth funding co-led by Foundry and PSL Ventures which totals its venture capital at $8.6 million to date. [GeekWire]
Seattle Tech Quote of the Week
“Sirion’s superpower is that it goes beyond the operational efficiencies of traditional CLM to monitor and manage performance against the terms of the contract after the contract has been signed. Bringing to life complex objects like obligations, service levels and pricing mechanisms and using this to realize hard-dollar savings is a harder path but ultimately offers much broader business value for our customers.” — Ajay Agrawal, founder and CEO of SirionLabs
SirionLabs added $25M to its Series D. The contract lifecycle management company announced an additional capital injection from Brookfield Growth. The funding follows the company’s previously announced Series D back in May, capping the round at $110 million. With the money, SirionLabs plans to advance its artificial intelligence capabilities and add new tech integrations. [Built In LA]
Amazon grew its Sidewalk network. Amazon Sidewalk is a low-bandwidth IoT mesh network powered by devices like Echo speakers and Ring cameras that helps other devices connect to the internet. The company announced four new partnerships to expand this network, including Browan, New Cosmos, Meshify and Deviceroy’s Aria. Amazon Sidewalk plans to launch more partners as the year goes on. [TechCrunch]
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