Drug discovery startup Recursion raises $60 million in Series B

Recursion, a drug discovery startup out of Salt Lake City, Utah has announced a $60 million Series B round, led by Data Collective (DCVC).

Recursion started out in 2014 on a mission to identify 100 new treatments in 10 years. That’s a lofty goal, considering the discovery for just one drug can traditionally take decades and tens of millions of dollars, with a high rate of failure before anything comes of the research.

Homie grabs No. 2 realty spot, adds buyer-side services

SALT LAKE CITY — It's taken real estate tech company Homie less than 18-months to climb to the No. 2 spot in the state for residential real estate listings, offering a start-to-finish package for home sellers that dispenses with commissions in lieu of a flat fee, regardless of the property's value.

Marketware Raises $4.5 Million Led by EPIC Ventures; Appoints Alex Obbard as CEO

COTTONWOOD HEIGHTS, Utah, Sept. 13, 2017 /PRNewswire/ -- Marketware, the leading provider of SaaS healthcare relationship technology, announced the close of $4.5 million Series B led by EPIC Ventures and the appointment of Alex Obbard as the company's CEO.

Obbard brings more than 25 years' experience in all areas of revenue and profit generation for technology organizations, with significant experience driving SaaS-based sales growth. Most recently, Obbard served as SVP of Sales at Solutionreach, the leader in patient relationship management with over 100,000 healthcare professionals and approximately 25,000 practices.

Simplus acquires Basati to enhance Financial Services offerings

Simplus, a provider of Quote-to-Cash implementations, has acquired Basati to increase implementation support in the Financial Services industry.

Basati is a Salesforce Partner focused on the financial services industry and will enhance Simplus’ offerings in that vertical, as well as in managed services.

"This acquisition will expand our presence in the southeast, both in Florida and Atlanta,” said Ryan Westwood, CEO of Simplus. “We have already seen a large impact on the growth of our managed services business."

Tim Smith, CEO of Basati, will join the Simplus team as a senior account executive.

Health Catalyst Named to Inc. 500 for Second Year in a Row and Inc. 5000 for Fifth Straight Year

SALT LAKE CITY, Aug. 16, 2017 /PRNewswire/ -- Inc. magazine today ranked Health Catalyst No. 318 on its 36th annual Inc. 500 list, the most prestigious ranking of the nation's fastest-growing private companies.

A leader in healthcare analytics, decision support and outcomes improvement, Health Catalyst's sales growth of 1,373 percent from 2013 to 2016 earned it a spot on the Inc. 500 for the second year in a row. Health Catalyst ranked No. 384 on the 2016 Inc. 500. The company has been listed on the more comprehensive Inc. 5000 for five straight years, a milestone achieved by only 10 percent of Inc. 5000 companies, earning it a place on Inc.'s "honor roll."

MagicCube Raises $8.5 Million Series A for Mobile Security

The creator of the Software Trusted Execution Environment (sTEE) has successfully completed its Series A funding round.

MagicCube announced the $8.5 million round, which was led by Bold Capital Partners. Epic Ventures, Social Starts and Silicon Valley Bank also participated.

MagicCube enables the large scale deployment and management of Internet of Things (IoT) and mobile-secure customer solutions. The sTEE platform includes a secure, in-app container which protects sensitive data, logic and cryptographic operations on the device while allowing for massive deployment and remote management capabilities.

eMotorWerks and Volta Partner to Launch First Ad-Supported Smart-Grid Electric Vehicle Charging Stations

SAN FRANCISCO, Aug. 8, 2017 /PRNewswire/ -- Seeking to increase the use of renewable energy and lower energy costs for its network of free-to-use, ad-supported electric vehicle charging stations, Volta has teamed with eMotorWerks to incorporate eMotorWerks' smart-charging technology throughout its nationwide network of stations. By using eMotorWerks hardware and software platform, Volta's customers can access reliable, high-power, grid-friendly charging across the rapidly growing number of stations in their territories. Via JuiceNet, this daytime electric load can now be coordinated with regional utilities, diversifying their resource portfolio and ensuring EV charging occurs with a cleaner energy mix.

Former Kroger exec's startup raises millions, double what it was aiming for

A former Kroger executive, who left the company in April to launch a tech startup, has raised millions in a seed round that twice as large as initially expected.

Shashank Saxena, who previously led Kroger's digital strategy, co-founded Vndly with Narayana Surabhi. The startup raised a $3 million round, led by Bowery Capital out of New York and joined by Epic Ventures in Salt Lake City and locally by Vine Street Ventures.

HyTrust raises $36M and acquires DataGravity

Word spread late last week that data visibility and security startup DataGravity had been acquired. At the time, though, it was unclear by whom. Now we know. It was HyTrust, a company that specializes in securing workloads that run in private and public clouds. The details of the deal were not disclosed, but over the course of its startup life, DataGravity had raised $92 million from the likes of Accel Partners, Andreessen Horowitz, CRV and General Catalyst.

HyTrust made the acquisition announcement in parallel with its latest funding announcements. The company today said that it has raised a $36 million Series E round led by Advance Venture Partners, with participation from its existing venture capital and strategic investors. These include Sway Ventures, Epic Ventures, Vanedge Capital, Trident Capital, Cisco, Fortinet, Intel and VMware.