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Seattle Startup Augmodo Raises $37.5M Led by TQ Ventures to Develop AI-Powered Smartbadges for Retail Inventory Management

Seattle-based startup Augmodo raised $37.5 million in a funding round led by TQ Ventures to develop Smartbadges, wearable tech for retail employees that uses AI to monitor inventory and improve store operations. Founded in 2023, Augmodo's technology provides real-time data on product availability and shelf status, enhancing productivity and customer experience.

Seattle startup Rubica shuts down after raising $15 million but failing to secure further investment

Seattle cybersecurity startup Rubica, founded in 2016 and spun out of Concentric Advisors, shut down after raising $15 million but failing to secure further investment or reach profitability amid pandemic-driven revenue declines. CEO Frances Dewing said the company is liquidating assets and was unable to convince investors to back a pivot toward serving larger businesses.

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