Here’s our latest roundup of the latest startup investing news in the Pacific Northwest.
– Based in Seattle Symbl secured $ 17 million for its “conversational intelligence” software used by developers to create voice, text, and video services.
The essence: The 52-person startup sells an API that enables companies to natively generate insights from conversations as part of their existing tools. For example, it can be used during meetings to produce transcripts that streamline follow-up and action items, or to provide tips for customer service workers on a call. Symbl was previously known as Rammer.AI when he graduated from Techstars Seattle in May 2019.
Sponsors: Bay Area-based GreatPoint Ventures led the Series A round, which included participation from Gutbrain Ventures, PBJ Capital, Crosscut Ventures and Flying Fish Ventures. Total funding to date is $ 23.5 million.
The take: There’s a wave of “conversational intelligence” startups that have recently raised funds. Earlier this year, Vancouver, Washington-based marketing giant ZoomInfo said it would acquire conversational intelligence startup Chorus.ai for $ 575 million. Rathore said Symbl sets itself apart by being a developer platform that “enables companies to truly understand human conversations with context or trigger actions rather than just speech-to-text.”
Other offers we reported on this week:
And even more offers:
– Based in Vancouver, BC owl.co raised a $ 30 million Series B round. Sell fraud detection software to insurance companies to monitor claims and mitigate fraud. The company is led by the CEO and co-founder. Sean Merat, who previously founded Lavia Design, Witkit, and Imperus Technologies Corporation. Seattle firm FUSE participated in the round.
– Seattle Home Evrnu raised a $ 15 million Series B round. The company’s technology takes discarded consumer clothing waste and turns it into renewable fiber. Evrnu is led by the CEO and co-founder Stacy flynn, former Target fabric specialist and manager of Eddie Bauer.
– Spokane, based on Wash. Doorsey raised a seed round of $ 4.1 million. The company is rethinking the home purchase offer process by providing more transparency to both buyers and sellers, who can define terms up front on the platform. Doorsey is led by the CEO Jordan allen, who previously ran Stay Alfred, an apartment rental startup in Spokane that closed last year due to the pandemic.
– Bend, mineral based Dynamics on board raised cash from private equity firm BP Energy Partners. The startup sells natural gas compression machines used by commercial fleet vehicle operators. It is led by the CEO Rita hansen, former executive of Agilyx Corporation, Apex Construction Systems, and Roomster.
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