Fortive
Facts
- HQ
- 6920 Seaway Blvd, Everett, WA 98203
- Sectors
- Industrial, Conglomerate, Innovation/Corporate Venturing
- Stage
- Public
2026 GeekWire CEO of the Year Finalists Announced Across Fintech, Climate, Real Estate, and AI
The 2026 GeekWire Awards CEO of the Year finalists include Tony Huang of Possible Finance and others leading innovations in fintech, climate tech, real estate, and AI. The awards event takes place on May 7, with voting open through April 16.
Seattle Startup Certivo Raises $4M Seed Round Led by Suffolk Technologies to Automate Supply Chain Compliance with AI
Seattle startup Certivo raised $4 million in seed funding led by Suffolk Technologies to expand its AI-powered platform automating supply chain compliance. Founded in 2024 and led by CEO Kunal Chopra, Certivo aims to replace manual compliance with its AI-native system called CORA, targeting manufacturers facing evolving regulatory requirements.
Seattle Startup TeamSense Raises $19.5M to Expand Real-Time Employee Absence Tracking Platform
Seattle-based startup TeamSense, which provides a real-time employee absence tracking platform integrated with major HR systems, has raised $19.5 million in a recent funding round. Founded in 2020 and acquired by Fortive in 2021, TeamSense serves manufacturing and logistics sectors with software that evolved from COVID-19 symptom tracking to broader workforce management.
Fortive Leads $2M Pre-Seed Round for Seattle Startup Glue, Founded by Ex-Tektronix VP David Sulpy, to Automate Hardware Testing
Glue, a Seattle startup led by former Tektronix exec David Sulpy, raised $2 million in a pre-seed round led by Fortive to advance its AI-driven hardware test automation software. The company originated from a collaboration between Fortive and Pioneer Square Labs to accelerate product testing and market readiness.
Seattle Spinout Certivo, Led by Kunal Chopra, Uses AI to Cut Compliance Management Costs by 90%
Certivo, a new Seattle-based spinout led by tech veteran Kunal Chopra and backed by Pioneer Square Labs and Fortive, uses AI to automate and streamline compliance management for manufacturers. Its platform offers cost-effective, multi-agent AI-driven solutions that integrate with major systems and provide real-time regulatory monitoring and predictive analysis.
Fortive expands four-year partnership with Pioneer Square Labs to run recurring weeklong "sprint weeks" incubating startups from employee ideas
Everett-based Fortive has partnered with Seattle startup studio Pioneer Square Labs for about four years to spin new ventures from employee ideas and expanded the program last year to run frequent weeklong "sprint weeks" that incubate concepts from its 17 subsidiaries. During sprint weeks teams perform discovery, validate economics, pitch to PSL, iterate, and pursue further development or pilot opportunities within Fortive.
Alaska Airlines and UP.Labs Launch Airline Venture Lab to Incubate Aviation Startups by 2024
Alaska Airlines has partnered with Los Angeles-based UP.Labs to launch Airline Venture Lab, an aviation-focused startup incubator aiming to produce its first new startup by next year, targeting innovations in consumer aviation travel. UP.Labs, which works under UP.Partners and develops startups with corporate partners in mobility, focuses on improving travel and transport through new technologies.
Microsoft Vet Amish Patel and Ex-Beats CEO Susan Paley Launch Seattle Hardware-Focused Startup Studio Conduit Venture Labs
Conduit Venture Labs, founded by Amish Patel and Susan Paley in Seattle, is a new startup studio focused on hardware companies, aiming to overcome traditional barriers by providing engineering, design, and mentorship resources. The studio targets sectors including IoT devices, ag-tech, and health technologies, leveraging a network of over 100 hardware professionals to support physical-tech business creation.
Archera raises $7M Series A to automate AWS and Azure cost optimization, bringing total funding to $10.3M
Seattle startup Archera (formerly Reserved.ai) raised $7 million in a Series A to help AWS, Azure and other cloud customers automate resource management and purchasing; the company reports 150% revenue growth this year and counts customers like Fortive and Guardant Health.
Genba, a PSL–Fortive spinout, raises seed funding (amount undisclosed) for voice-first industrial maintenance app
Genba, a five-person spinout from Pioneer Square Labs and Fortive, emerged from stealth with a voice-first mobile app that helps industrial maintenance teams capture work and knowledge using company-trained voice recognition; Fortive invested in an undisclosed seed round and the startup already counts large customers like GE Power.
Pioneer Square Labs spins out 25 startups in five years; six launched during pandemic surge
Seattle startup studio Pioneer Square Labs (PSL) spun out 25 startups in five years — six during a six-month pandemic stretch — by rapidly testing ideas, though it has yet to produce a breakout unicorn and faces criticism over founder dilution.
Pioneer Square Labs and Fortive launch TeamSense, a COVID-19 symptom‑tracking SaaS that reached paying customers in six weeks
Pioneer Square Labs and Fortive launched their first spinout, TeamSense, a SaaS platform that lets employers screen and communicate with hourly workers about COVID-19 symptoms via quick daily texts or emails. TeamSense moved from initial funding to paying customers in six weeks and provides dashboards, rosters, and 1-on-1 chat to support workplace health, planning and compliance.
Madrona Venture Labs spinout StrikeGraph launches to automate SOC 2 compliance, led by Justin Beals and Brian Bero
Madrona Venture Labs has launched StrikeGraph, a Seattle startup led by Justin Beals and Brian Bero that automates and simplifies the SOC 2 cybersecurity compliance process to reduce time and cost for companies seeking certification.
Pioneer Square Labs and Fortive launch joint innovation studio to build spinout companies, starting with a COVID-19 workplace-safety concept
Seattle startup studio Pioneer Square Labs (PSL) has partnered with publicly traded industrial company Fortive to form a joint innovation studio that will build and spin out new companies and products, starting with a confidential workplace-safety concept prompted by COVID-19. PSL will apply its in-house startup studio model to create standalone venture-backed businesses or concepts Fortive may acquire, while Fortive aims to accelerate innovation and cultural change.
