TOP NEWS

Cray Wins $48M Deal In South Korea

Seattle-based Cray reported today that it has been awarded a $48M contract in South Korea, from the Korea Institute of Science and Technology Information. According to Cray, the win was for a 128-rack, Cray CS500 cluster supercomputer, which will provide supercomputing services for universities, research institutes, and industries. The supercomputer will be the largest supercomputer in South Korea.Continue →


Remitly Waives Fees To Mexico Due To Earthquake

Seattle-based Remitly said that it will wave all transfer fees on money transfers to Mexico, as a result of the recent earthquakes in Mexico, through midnight PST on Friday, September 22nd. Remitly operates a mobile app-based remittance service for sending money over borders. Remitly is backed by International Finance Corporation (IFC), Silicon Valley Bank, Stripes Group, DFJ, DN Capital, QED Investors, Trilogy Equity Partners, Bezos Expeditions, Founders Co-Op, and TomorrowVentures....Continue →


98point6 Finds $19.5M In Series B Funding

Seattle-based 98point6, a startup developing personalized healthcare consultation, diagnosis, treatment and follow-up, said this week that it had raised $19.5M in a Series B funding round. Source of the funding was not announced. According to the company, it has now raised a total of $35M in funding. The company said the funding to expand its service to all 50 states (plus Washington D.C.) and execute on its commercial go-to-market strategy.Continue →


Cray Deploys In Japan

Seattle-based supercomputer maker Cray announced on Monday that it has deployed one of its XC40 supercomputers in Japan. Cray said the Japan Advanced Institute for Science and Technology (JAIST), a university located in Nomi, Ishikawa, Japan, will use the XC40 for scientific research at the school, particularly for large-scale simulations in nanotechnology and biomechanics. Financial impact of the win was not announced. JAIST is a prior Cray customer.Continue →


Amazon To Open Third Portland Area Fulfillment Center

Seattle-based Amazon.com said this morning that it will open its third, Oregon fulfillment center in Portland. According to the company, the new center will create more than 1,000 full-time positions in Portland. Amazon said it will have 3,500 "fulfillment associates" spread across its fulfillment center in Troutdale and Salem, and existing "sortation center" in Hillsboro, and a Prime Now hub in Portland. Amazon said it the third location to open in 2018....Continue →


Itron Buys Silver Spring Networks For $830M

Liberty Lake, Washington-based Itron, and San Jose, California-based Silver Spring Networks said today that they are in a deal, where Itron will pay approximately $830M in cash for Silver Spring. The two said that Itron will pay $16.25 per share in cash for each outstanding share of Silver Spring Networks, a developer of Internet-of-Things connectivity products for the "smart city" market. Itron said Silver Spring had revenues of $311M in 2016, with a gross margin of 44 percent....Continue →


Portland Concludes Uber Hampered Regulators, But No Fine Or Action

The City of Portland this week said that Uber deliberately sought to evade regulators through the use of a tool called "Greyball", which allowed Uber and its drivers to evade giving rides to regulators. According to City Commissioner Dan Saltzman, the city concluded its investigation into Uber's use of its Greyball tool, and says it how has "no attempts to evade regulators or deny service to riders in violation of City code or law will be allowed in the future....Continue →


Report: Amazon's Army Of Seasonal, Retired, Nomadic Workers

Seattle-based Amazon.com's need for seasonal, holiday workers at its "fulfillment centers", has created an army of retirees traveling back and forth across the country for its temporary jobs, according to Wired. Wired dives into what it says Amazon has billed, "CamperForce", its effort to recruit reliable, temporary workers from the ranks of retired "RVers".Continue →


Fine Solutions Acquired By Canadian Company

Seattle-based Fine Solutions, a provider of Microsoft Dynamics consulting services, has been acquired by Canadian company Encore Business Solutions, the two said this week. Financial terms of the acquisition were not announced. The two said the acquisition includes three offices, in Seattle, Portland and Vancouver. Fine provided professional consulting services for Microsoft Dynamics AX, GP and CRM.Continue →


Spaceflight Industries Gets Investment From Thales Alenia Space, Telespazio

Seattle-based Spaceflight Industries, which helps launch satellite payloads into space, has scored a minority investment round from two aerospace companies, Thales Alenia Space and Telespazio, as part of its effort to launch its own, constellation of 60, high-resolution earth observation satellites....Continue →


Vacasa Taps Expedia, Hotwire Vet For Board

Portland-based vacation rental management provider Vacasa as named Brian Gill to its board of directors, the company said on Thursday afternoon. Gill is currently SVP of Technology at Nordstrom, and was previously an executive at Expedia, as well as Chief Technology Officer and Chief Scientist at Hotwire. Vacasa uses technology to manage what it says are more than 6,000 vacation rentals acound the world....Continue →


Lattice Semiconductor Acquisition Blocked By White House

The acquisition of Hillsboro, Oregon-based Lattice Semiconductor, has been blocked by the White House, in the latest, failed acquisition by Chinese investors to acquire a U.S. technology company. President Donald Trump on Wednesday blocked the acquisition of Lattice by Canyon Bridge Capital Partners, due to Canyon Bridge's relationship with a Chinese state-owned asset management firm. Canyon Bridge and Lattice had announced their acquisition in November of last year....Continue →



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