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Seattle In The Spotlight January 4th - 10th, 2018

Who’s Hiring: January 30, 2018

Part of the WTIA’s mission is to grow a strong and sustainable workforce, which means we’re passionate about keeping local talent plugged into our state’s technology industry. Every other week we’ll be keeping you connected to Washington’s job market with the latest in local hiring news.

General Contracting Startup Pro.Com Secures $33M Series B, Adds Redfin to Board

Crunchbase | Mary Ann Azevedo | January 17, 2019

“DIY home renovation projects aren’t for the faint of heart. That’s why general contractors exist.

But sometimes, the hassle of finding a contractor can be overwhelming. That’s where Pro.com comes in. The Seattle-based startup just raised a $33 million Series B, bringing its total raised to $60.5 million, to further its mission of taking its general contracting business to new markets.

WestRiver Group, Goldman Sachs and Redfin led the latest round, which also included participation from existing investors DFJ, Madrona Venture Group, Maveron and Two Sigma Ventures. As part of the financing, Erik Anderson, WestRiver Group founder and CEO; Glenn Kelman, CEO of Redfin, and Charlotte Guyman, a former Microsoft executive and current Berkshire Hathaway board member, all joined Pro.com’s board.”

Learn more about local job opportunities at WTIA member company Pro.com.

Facebook Leases 11-Story Block 16 in Bellevue’s Spring District

Puget Sound Business Journal | Ashley Stewart | January 28, 2019

“Facebook Inc. leased the 11-story Block 16 office building in Bellevue’s Spring District, according to a document title ‘memorandum of lease’ obtained by the Business Journal through King County records.

Facebook viewed the space and was considering a lease as early as August, the Business Journal reported at the time based on a technology industry source and two commercial real estate sources.

Facebook signed a 13-year lease for the development’s Block 16 on Dec. 7 with an affiliate of developer Wright Runstad & Co., according to the document. Facebook confirmed the lease and said it took 338,000 square feet, which would be the entire building according to the development’s website. The lease has an option to renew for seven years and an additional option for five years.”

Learn more about local job opportunities at WTIA member company Facebook.

Magnolia Medical Announces $20 Million Series C Financing

PR Newswire | January 30, 2019

“Magnolia Medical Technologies today announced a $20 million Series C financing round to scale the company’s infrastructure and market initiatives to meet the rapidly growing demand for its Steripath® Gen2 Initial Specimen Diversion Device® (ISDD®). This funding will also advance the company’s portfolio of innovative blood and bodily fluid collection and contamination prevention devices to deliver significant improvements in the accuracy, consistency and predictability of critical diagnostic laboratory tests.

‘RTW is committed to supporting innovative healthcare companies that both improve patients’ lives and enable cost-effective delivery of care. Magnolia is uniquely positioned to deliver on both of these requirements with Steripath’s demonstrated clinical performance and financially-backed guarantee,’ said Dr. Yalamanchi. ‘Accurate sepsis diagnosis is a critical priority for every acute care hospital, so we’re excited to partner with Magnolia as the company accelerates adoption of this new standard of care,’ he said.

Learn more about local job opportunities at Magnolia Medical.    

Redmond HR Tech Company Raises $22M to Hire Across the Board

Built in Seattle | Quinten Dol | January 30, 2019

“When it comes to workplace wellness programs, the old ways are dead.

That’s according to Redmond tech company ADURO, which announced a $22 million strategic investment from Boston-based Abry Partners yesterday…White said ADURO currently employs 240 people, who are split evenly between remote locations and the company’s new Redmond office, which it moved into around 12 months ago.

‘We’ll be doing quite a bit of hiring,’ White said, ‘mostly around product managers, UX and UI designers, data scientists, data architects.’ The company’s legal, security, sales and marketing teams will also grow.”

Learn more about local job opportunities at ADURO.

‘This Is a Game Changer’: Seattle Startup Attracts Oil and Gas Giants with Special High-Performance Metal

GeekWire | Taylor Soper | January 29, 2019

After more than a decade of testing and development, a Seattle startup is attracting the biggest names in the oil and gas industry with a unique metal that it says offers better performance at a cheaper price than conventional steel.

Modumetal just reeled in a $14 million investment round led by Vulcan Capital to scale up production of its nanolaminated alloys that are being used by companies such as Exxon-Mobil, Chevron, BP, ConocoPhillips, Noble Energy, and ADNOC…’We’re improving performance but also telling our customers that we can be the lowest cost option at the same time,’ said Modumetal CEO and co-founder Christina Lomasney. ‘This is a game changer.’”

Learn more about local job opportunities at Modumetal.

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