Top Atlanta Tech News [May Edition]
3Ci Weekly Tech Minute is a weekly installment of Atlanta’s top tech news. Hosted by one of Atlanta’s own tech experts, Titania Jordan, the Weekly Tech Minute is where our city’s tech leaders and enthusiasts turn to receive up-to-date stories about Atlanta’s buzzing tech scene.
Top Tech Stories
Powerful Insights From FinTech South 2019
We’ve rolled out 12 special TechConnect episodes from this year’s epic FinTech South conference held at the Mercedes Benz Stadium. If you didn’t have a chance to attend, you’re in luck, because we had unprecedented access to some of the key leaders in attendance. The learnings these leaders shared about what it’s like to scale both startups, as well as global corporations, are incredibly impactful. We can’t wait to hear your thoughts!
30 Georgia Companies Made 2019 Fortune 500 & 1000 Lists
According to Fortune Magazine, 18 Georgia companies made the 2019 Fortune 500 list, and 12 made the Fortune 1000 list. We’re so proud of these big players located right here in our state. According to Madison Hogan at Atlanta Inno, these 30 Georgia companies represent $454.67 billion in revenue.
Atlanta Funding News
Atlanta-based software startup FullStory closed on a $32 million Series C from Stripes, Dell, and Salesforce. They'll use the capital to invest in sales, marketing, and product development. The company was founded five years ago by a team of ex-Google and SilverPop techies. Their software helps customer success teams ensure that customers have the best digital experience possible. They’re planning to continue expanding, adding another 100 employees in a year to the existing 160 they have now. They’re also expanding to new headquarters in Atlanta’s midtown.
Cybersecurity provider Evident raised a $20M Series B led by Aspect Ventures giving it plenty of ammo to triple its headcount. The three-year-old company has seen as 300% YOY growth. They plan to use their newly raised capital to expand and improve their technology and product capabilities and to take their business into new markets.
ArchiveSocial announced a $53M investment from LevelEquity to expand its social media record software. They’ll use the funding to grow its headcount, currently at 60+ employees, and fuel customer acquisition. The social media archiving software helps government agencies, law enforcement officials, and school districts remain transparent and compliance by archiving their social media content.
Revenue Analytics, a pricing optimization company, has raised $11M in a Series A led by Nora Mosely Partners with participation from Blue Lagoon Capital. They recently pivoted to scale its offerings from an on-premise service to a cloud-based one. In addition to product development, the Series A will go towards a hiring spree that projects adding 50 employees to the current team of 100.
Agtech startup AppHarvest secured an $82 million investment from Equilibrium Capital’s Controlled Environment Foods Fund to build its 60-acre high-tech greenhouse in Morehead, Kentucky. The greenhouse will be equipped with irrigation systems that will reduce water usage by 90%, vertical crops, and technology to control the environment year-round. Once complete, the facility will create 280 full-time permanent jobs and provide opportunities for further education.
Atlanta-based hypersonic jet company Hermeus, founded last year, raised a round of seed funding led by Khosla Ventures that will help the company develop and test its jets which aim to go from New York to Paris in 90 minutes—that’s 3,000 miles per hour (or Mach 5). Its founders and advisors have experience at entities like SpaceX and Lockheed Martin, so the outlook is promising.
Companies on the Move
Corvus, a Boston-based commercial insuretech company that uses AI to predict and prevent losses from food and pharma companies, has announced the opening of its fifth location right here in Atlanta. They use data from IoT sensors, videos, and social media to reduce risk and improve experiences with commercial insurance policies. The firm is still actively evaluating options for space in the Atlanta area and plans to continue hiring in the area in the coming months.
Atlanta Tech Scene
Your sleeping situation is about to get smarter thanks to a company called ReST. ReST uses AI to optimize your night for you, starting with your bed. Their sensing technology monitors the sleepers’ pressure and position to change the surface of the bed for their optimal sleep. Over time, it collects sleep quality data based on the sleeper’s pressure on the surface and learns more about their sleep patterns. It also includes the option to integrate with other smart devices like a Nest thermostat, smart lights or alarms systems to create a holistic bedtime environment that will improve the user’s sleep. Keep an eye out for the first Atlanta brick and mortar store coming later this year.
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