GeekWire’s roundup of the latest technology and startup news from the week of July 21, 2024 includes a $140 million Series C investment in Kirkland-based cybersecurity startup Chainguard, making it the newest unicorn in the Seattle region. Additionally, Rob Lloyd, a military kid turned tech industry veteran, is launching Founder Nexus to help entrepreneurs grow their businesses.
Court Lorenzini, co-founder of Docusign, is starting a new venture called Founder Nexus to assist entrepreneurs in scaling their businesses. Despite being a major player in artificial intelligence, the Allen Institute for AI (AI2) is not easily recognizable in its current location in Seattle. Seattle Tech Week is hosting panel discussions and networking events covering various topics and trends. Amazon is planning to open a new logistics site for customer fulfillment on the former Weyerhaeuser corporate campus in Federal Way, Washington.
Another car-sharing service in Seattle is shutting down, and internal Amazon metrics show a positive impact of Alexa and Echo on the company’s revenue. First Mode, a Seattle-based company focusing on reducing carbon emissions in heavy industries, is planning significant layoffs in early August. Additionally, Seattle RFID-maker Impinj has announced new promotions and additions to its executive leadership team.
Overall, the latest news in the technology and startup space includes significant investments, the launch of new ventures, industry events, corporate expansions, service shutdowns, internal corporate metrics, and layoffs in companies focusing on carbon emissions reduction. Tech companies such as Chainguard, Founder Nexus, AI2, Amazon, First Mode, and Impinj are making headlines with their latest developments and announcements. The dynamic nature of the tech industry in the Seattle region is evident in these recent updates and demonstrates the diverse range of activities and challenges faced by companies in the sector.
