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Igneous Systems tops Seattle's recent software industry investments

Photo: Bottomless/Facebook
By Hoodline - Published on March 28, 2019.

Seattle's software industry is pulling in new investment, with six local companies raising money. New funding rounds were recently announced by software firms Igneous Systems, Bottomless and Spiral Genetics, according to company database Crunchbase.

Igneous Systems topped the city's recent funding headlines by announcing a $25 million Series C round on March 14, led by WestRiver Group, LLC.

According to its Crunchbase profile, "Igneous Systems builds and maintains enterprise data center infrastructures. It delivers the only Unstructured Data Management (UDM) as-a-Service solution, giving data-centric enterprises visibility, protection, and data mobility at scale. Igneous Systems’ API-enabled, cloud-native solution combines all UDM functions so that organizations can see, protect, analyze, and leverage all their unstructured data, wherever datasets and workflows live."

The five-year-old company has raised three previous funding rounds, including a $15 million Series B round in 2018.

Next up, Bottomless raised $150,000 in seed funding, in a round announced on March 18 and financed by Y Combinator.

According to Crunchbase, "(Bottomless is the) developer of a WiFi connected scale designed to deliver fresh coffee at right time. The company's platform facilitates users to sync with the scale and leave the coffee bags as per their requirements, enabling individuals to get delivered freshly roasted coffee instead of stale coffee. The world of coffee is wonderfully diverse, with many great ways to brew, roast and drink. The best coffee experience is the one you like."

The company also raised a pre-seed round in 2018.

Meanwhile, Spiral Genetics raised $150,000 in funding, announced on March 18. The round was also financed by Y Combinator.

From the company's Crunchbase profile, "Highlights: Anchored Assembly accurately detects SNPs, indels and structural variants ranging from 10bp to 100kbp. Anchored Assembly uses data from HiSeq and MiSeq without special library prep. You can detect structural variants using your existing data."

Spiral Genetics last raised $350,000 in convertible note funding in 2016.

Overall, Seattle-based software companies have raised $44 million in venture funding over the past month, and $1.7 billion over the past year.


This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.

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