Tech roundup: Trustwave's expansion plans, diverse entrepreneurship gets $1M in grants and more

June 8, 2017

Trustwave unveils new office, announces big hiring plans

Chicago information security firm Trustwave announced on Monday that it plans to hire 100 people in Chicago this year. The announcement came at the unveiling of its expanded Loop headquarters, attended by Mayor Rahm Emanuel, and was paired with the introduction of a new internship program that will bring students from the City Colleges of Chicago into the cybersecurity industry. Trustwave currently has more than 400 employees locally, but its new offices will have room for 700 when its expansion finishes in 2017. [Chicago Tribune]


Entrepreneurship diversity programs land $1M in grants

Late last week, the Blackstone Charitable Foundation announced a new $1 million grant distributed among eight Chicago-based organizations to promote entrepreneurship among members of underrepresented minority groups. Bethel New Life, BLUE1647, Bunker Labs, 1871, i.c. stars, Future Founders, UI Labs and the Women’s Business Development Center will all receive between $100,000 and $150,000 to expand their offerings. According to the Chicago Tribune, the grant is the first phase of a three-year project, and successful organizations may be eligible for additional grants from the organization’s $3.4 million pool. [Chicago Tribune]


Startup for medical students wins New Venture Challenge

AMOpportunities, a Chicago-based startup that helps international medical students land clinical rotations at U.S. health care facilities, won the University of Chicago’s New Venture Challenge at the end of last week. The company, which assists students in landing opportunities, finding housing and getting U.S. visas, has been bootstrapped since its founding three years ago. Its NVC victory comes with a $100,000 check attached. [Chicago Tribune]


Snapsheet is more than doubling its office size

At the beginning of next year, Snapsheet will be moving its headquarters to a new office in 1 N. Dearborn Street with more than twice as much room for spreading its wings. The company makes mobile software that streamlines the process of filing an auto insurance claim. Founded in 2010, Snapsheet has seen explosive growth in the past few years and currently employs 325 people, about 160 of which are based in Chicago, according to Crain’s. [Crain’s]


FourKites scores Fieldglass founder for its board of directors

This week, logistics technology provider FourKites announced that Jai Shekhawat, the founder and former CEO of Fieldglass, has joined its board of directors. Founded just three years ago, FourKites has grown from six employees to more than 70 in just over a year. [Press release]


Chicago's got Moxie!

Last night, Chicago’s tech scene was out in full force for the sixth annual Moxie Awards, celebrating another year of innovation and growth. Home Chef took home the award for Startup of the Year, while Outcome Health landed the award for Breakthrough Digital Company. Read up on the rest of this year's winners here!


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