Pebblebee and Trusted Key top Seattle's recent funding news

Pebblebee and Trusted Key top Seattle's recent funding newsPhoto: Pebblebee/Facebook
Hoodline
Published on April 10, 2019

Seattle-based hardware company Pebblebee has secured Series B funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on April 2 and financed by SORACOM.

According to its Crunchbase profile, Pebblebee engineers "solutions that help you keep track of your valuables, adding peace of mind so you don't have to worry about losing track of your things. We save you time with our patented tracking and finding solutions. Our Pebblebee product line caters to both consumers and businesses alike."

The six-year-old company has raised two previous funding rounds, including a Series A round in 2015.

The round brings total funding raised by Seattle companies in hardware over the past month to $35 million, an increase of $18 million from the month before. The local hardware industry has seen 45 funding rounds over the past year, yielding a total of $362 million in venture funding.

In other local funding news, security and computer company Trusted Key announced a seed funding round on April 4, financed by Okta Ventures.

According to Crunchbase, "Trusted Key was founded to provide consumers and organizations with a secure digital identity solution. Their vision is to enable an Open Identity Network where users control their own identity using their mobile phones and securely interact with governments, banks, retailers, universities and others. Users are able to securely log in to apps and services without the use of passwords, bring online their definitive identity credentials in order to verify their identity as and when needed, protect themselves for identity theft related fraud and access advanced services."

Founded in 2016, the company has raised two previous rounds, including a $3.5 million seed round in 2018.


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.