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Madrona Venture Labs raises $8M, unveils plan to turn its investors into co-founders of spinouts May 12, 2021 at 7:27 am The Madrona Venture Labs team, clockwise from left: Flora Ku, Keith Rosema, Maria Hess, Henry Huang, Mike Fridgen, Jay Bartot, Jason Flateboe. (Madrona Venture Labs Photo) The news: Madrona Venture Labs, the startup studio associated with Madrona Venture Group, has raised $8 million for its fourth fund. The Seattle-based studio also unveiled a new model that turns its investors tech vets such as former Zillow Group CEO Spencer Rascoff; former Qualtrics exec Julie Larson-Green; former Axiom CEO Elena Donio; etc. into co-founders, board members, and advisors of its startup spinouts. ....
The White House Appoints eSentire Strategic Advisor, Amit Mital, as Sr. Director in the National Security Council and Special Assistant to the President /EIN News/ Waterloo, Ontario, April 20, 2021 (GLOBE NEWSWIRE) eSentire, Inc., the leading global Managed Detection and Response (MDR) cybersecurity services provider, today announced that its Strategic Advisor, Amit Mital, has been appointed by the White House as Senior Director in the National Security Council and Special Assistant to the President. In his new role, Mital will focus on cybersecurity strategy and policy. Mital concluded his work with eSentire and began his new position as Senior Director in the National Security Council on April 19. ....
How Seattle startup studio Pioneer Square Labs spun out 25 ideas in 5 years with more on the way January 8, 2021 at 8:08 pm Boundless CEO Xiao Wang with Pioneer Square Labs’ Greg Gottesman (PSL Photo) The flywheel is spinning at Pioneer Square Labs, the Seattle startup studio formed five years ago by a cadre of Seattle’s leading angel and venture capital investors. In the course of a six-month span during the pandemic, PSL spun out six new startups, bringing its overall total to 25. The astounding rate of entrepreneurial energy coming out of PSL is noteworthy very few Seattle firms have helped create so many ideas, so quickly. ....
Omnivor, a Seattle, WA-based 3D holographic content company, closed a $2.75m seed funding round. The round was led by Sway Ventures with participation from existing investors Kernel Labs, a start-up studio based in Seattle, and other notable strategic angel investors. This financing, which brings total funding to approximately $5.5m, will support expanding its platform technology and hiring additional engineering talent. Led by Adam Kirk, CEO, Omnivor provides a solution for building, hosting, and streaming volumetric video assets for retail, advertising, entertainment, training, and other personalized content. With Omnivor, users can access and control holographic content on any device, ranging from virtual reality headsets to smartphones. ....
Nike is tapping new hologram technology to improve product fit for e-commerce shoppers. The No. 11 consumer goods company is leveraging Omnivor’s Holograms for Retail technology for its Virtual View feature at Finish Line and JD Sport. Using the tech, shoppers can select a hologram that matches their size and body type and then build a virtual dressing room in their homes. It’s expected to both drive purchases and reduce returns, with almost half of shoppers returned to the feature more than once, according to Omnivor. Nike is investing heavily in its digital experiences, as money it’s sunk into its app ecosystem, omnichannel fulfillment capabilities and RFID fueled its digital transformation during the pandemic. ....