Tech roundup: Howard Tullman's next move, Chicago tech's busy funding week, and more

April 19, 2018
Howard Tullman Illinois Institute of Technology
The main building at the illinois institute of technology. photo via shutterstock

Howard Tullman has a new gig

Howard Tullman didn’t wait long to make his next move. After stepping down as 1871's CEO earlier this month, Crain’s reports that Tullman will become the executive director of the Illinois Institute of Technology’s Ed Kaplan Family Institute for Innovation and Tech Entrepreneurship. The 70,000-square-foot school is currently under construction and is scheduled to open in October. When it does, the building will be home to the school’s Institute of Design and feature a maker lab, among other things. [Crain’s]

 

projec44 founder and CEO Jett McCandless
PROJECT44 FOUNDER AND CEO JETT MCCANDLESS. PHOTO VIA PROJECT44

Chicago tech continues to rake in fresh funding

On Tuesday, project44 announced it has raised $35 million in new funding. The round will help the shipping logistics technology company extend its coverage to include ocean-going shipments and fuel its expansion into Asia and Europe. Oh, and in case you were wondering, project44 will be hiring. CEO Jett McCandless said the plan is to bring on 200 people in the next 18 months. [Built In Chicago]

Last week, dscout locked down a $7.5 million Series B, which will be used to accelerate product development and hiring. CEO Michael Winnick said the company’s headcount, which currently sits at 60 people, would triple in the coming years as its sales, product and engineering teams grow. [Built In Chicago]

Medical gaming startup Level Ex received an undisclosed amount of funding last week from OSF Ventures, the corporate investment arm of OSF Healthcare. The round pushes the company’s total funding to somewhere north of $13.2 million. [PR Newswire]

According to an SEC filing, PowerReviews has raised $3 million. We reached out to the company for a comment and will be sure to update this blurb with any new information that comes in. [Press release]

 

Retrofit Chicago team
THE RETROFIT TEAM. PHOTO VIA RETROFIT.

Livongo Health’s awesome April continues

April has been a great month for Livongo Health. Last week, the company announced a $105 million funding round. This week, it’s announcing an acquisition. On Tuesday, the company revealed it has acquired Retrofit, a Chicago-based provider of smart weight-management and disease-prevention programs. The company’s 80 employees will join Livongo. Terms of the deal were not announced. [PR Newswire]

 

Uptake Chicago Acquisition
Ed Hansen, Senior Manager, Site Operations at uptake. photo via uptake

Uptake heads to Albuquerque to make an acquisition

Monday, Uptake announced the acquisition of Asset Performance Technologies, Inc., a SaaS company whose technology helps businesses predict machine breakdowns. The Albuquerque, New Mexico, company’s clients include Arizona’s Palo Verde nuclear power plant, U.S. Steel and BP. Terms of the deal were not disclosed. [PR Newswire]

 

Chicago tech exec hires
PHOTO VIA SHUTTERSTOCK

Chicago tech welcomes new execs

​​Gary Goldsmith
Senior Vice President of Sales and Account Management

Gary Goldsmith is Snapsheet’s new senior vice president of sales and accounts. Goldsmith was most recently auto auction company Copart’s Western division vice president of sales and account management.

“I’m thrilled to join a team with so much traction and support from customers in the market,” Goldsmith said in a statement. “The industry is moving claims virtual and Snapsheet is clearly leading the way.” [PR Newswire]

Don Matejko
Chief Revenue Officer

Don Matejko is Showpad’s new chief revenue officer. Matejko joins the company from SAP Hybris where he served as executive vice president of global sales and field operations. Matejko will be based in the company’s Chicago office and will be responsible for scaling revenue. [Press release]

John Flavin
CHIEF FINANCIAL OFFICER

John Flavin is leaving his post at the University of Chicago’s Polsky Center for Entrepreneurship and Innovation to become Endotronix’s CFO, this according to Crain’s. Flavin brings a wealth of experience to his new role. He co-founded Advanced Life Sciences, a biotech company that went public and served as COO and director of drug discovery technology and services company MediChem Life Sciences. [Crain’s]

 

VelocityEHS Earth Day
PHOTO VIA VELOCITYEHS

VelocityEHS launches Earth Day initiatives

VelocityEHS kicked off its first annual Earth Day Celebration week on Monday. The celebration includes an employee e-waste drive, a lunch and learn on small space and urban gardening hosted by Urban Edible owner Bill Shores and a tour of the waste disposal systems of the Merchandise Mart, the building the company calls home. Captain Planet and the Planeteers would be so proud. [Press release]

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