ARCH Venture Partners
Facts
- HQ
- Chicago
- Sectors
- Venture Capital, Life Sciences, Biotechnology, Technology
- Stage
- early-stage
Impinj CEO Chris Diorio rings Nasdaq bell as RFID chipmaker marks 10th IPO anniversary after growing to $4.2B market cap
Impinj, maker of tiny battery-free RFID chips embedded in over 160 billion items, celebrated the 10th anniversary of its IPO as CEO Chris Diorio rang the Nasdaq bell; the Seattle company commands about two-thirds of its market, grew from a $250 million IPO valuation to a $4.2 billion market cap, but has reported only one profitable year and carries a $400 million accumulated deficit.
Virginia AI Startup Trase Raises $107M Seed Round, Expands Seattle Team to 100 Employees with AWS Vet Baskar Sridharan as President
Virginia-based AI startup Trase raised a $107 million seed round led by Arch Venture Partners and is expanding its Seattle-area team from 20 to 100 employees, led by new president Baskar Sridharan, to focus on AI deployment in highly regulated industries like healthcare.
Prometheus, co-led by Jeff Bezos, raises $12B at $41B valuation to build an ‘artificial general engineer’
Jeff Bezos’s AI startup Prometheus raised $12 billion at a $41 billion valuation from investors including JPMorgan, Goldman Sachs, and BlackRock to build an “artificial general engineer” that accelerates design-to-manufacturing for physical products; the company has about 150 employees and total funding exceeds $18 billion.
