SendGrid goes public at $16 a share, raising $131M to grow email marketing platform
Yesterday, Colorado tech darling SendGrid made its debut on the New York Stock Exchange with an initial public offering of 8.2 million shares of common stock at $16 apiece. The offering, which is slated to close on November 17, will raise $131 million for the company. SendGrid is on track to continue its breakneck growth rate, surpassing $100 million in revenue this year — an increase of $20 million from 2016. [Built In Colorado]
Following a year of record growth, Choozle lands $6M Series B funding
On Tuesday, Denver-based adtech company Choozle announced the close of a $6 million Series B funding round led by previous investor Gemini Group. The funding follows a year of record growth and accolades, ranking 113th on the Inc. 500 and 48th on Deloitte’s Technology Fast 500, as well as being named number one on AdAge’s list of “Best Places to Work.” Looking ahead, the company plans to expand its teams worldwide, with a particular focus on engineering and product roles. [Built In Colorado]
California-based Arrivo unveils plans for Colorado hyperloop and Denver-based test lab
Los-Angeles-based high-speed transportation company Arrivo, in partnership with the Colorado Department of Transportation, announced this week plans to bring its hyperloop technology to the state. The project — known as Rocky Mountain Hyperloop — would create a tube from Cheyenne to Pueblo spanning 360 miles and 10 urban centers. The company also plans to spend up to $15 million constructing a new engineering research center and test track in the Denver metro area next year. [Denver Business Journal]
CA Technologies launches its Freshtracks.io beta program
Colorado-based CA Technologies just launched a beta program for one of its startups, FreshTracks.io, which focuses on improving the experience of monitoring and scaling containerized applications. The startup is one of 10 participants in CA’s software accelerator program, which provides internal innovators with the support and funding they need to develop and test new product ideas in the marketplace. [Press release]
CyberGRX announces strategic partnership with Deloitte
Denver-based cybersecurity company CyberGRX formed a strategic partnership with professional services firm Deloitte. The alliance will enable CyberGRX to expand its reach and better detect third-party cyber threats using Deloitte’s vast assessment capabilities. [Press release]
