It’s a good week for Utah! The snow is melting, tulips are starting to poke out of the ground, and although it will probably be a blizzard next week (sorry, it’s Utah), the essence of Spring is whispering in our ears. Aside from losing that hour of sleep last weekend, we’re gearing up for a bustling, busy time of year. Here’s your weekly update from Beehive Startups:
Pickle and Y Combinator
Congrats to Pickle, a transcription communication platform, who was picked up by Y Combinator. YC has worked with big names like Utah-grown Podium and Weave, and Pickle founders will join them for a 3+ month intensive working with YC mentors and fellow startups. Check out the full press release here.
DeepSee.ai Closes $22.6M Series A
DeepSee.ai, an industry leader in AI-powered Knowledge Process Automation closed $22.6 million in Series A funding led by ForgePoint Capital, with participation from previous investors AllegisCyber Capital and Signal Peak Ventures.
Three year old startup Taxbit scored a $100M Series A funding round led by crypto investment fund Paradigm and Tiger Global. The draper-based business was founded by brothers Austin and Justin Woodward and is solving tax pain-points in the ever growing world of cryptocurrency.
HQ Number Two
Silicon Valley-based startup Belong is opening an additional headquarters in SLC. Belong is an AirBnB-like home rental marketplace turning traditional home rental experience on its head by replacing the “landlord” and “tenant” relationship with that of “homeowner” and “resident”.
Company Launch at Lassonde
The University of Utah’s Lassonde Entrepreneur Institute announced the 26 teams that will be participating in the Spring 2021 Company Launch program. See the full list here, apply for future Company Launch opportunities here. Lassonde, a division of the David Eccles School of Business, offers programs to help your ideas get off the ground and into business.
Hooray for young entrepreneurs!
After over 130 applicants, the final 20 teams have been announced for the High School Utah Entrepreneur Challenge (HSUEC). Teams will compete for $25K in cash and scholarships, and online voting is the next step in selecting a winner. Vote for your favorite team here.
Did you see StartFEST is back? Utah’s original grassroots startup festival is a VIRTUAL two-day event focused on Utah’s startup ecosystem, filled with education, entertainment, collaboration, and fun. You should definitely come. Get more info here.
We’re happier than a bear with a honeypot to report on startup news in Utah. Do you have something you think we should share? Email us at firstname.lastname@example.org or email@example.com