Relativity hires its 1,000th employee. The software company is headquartered in Chicago but it has offices in cities around the world, including Krakow, London, Melbourne and Hong Kong. The Chicago HQ alone has over 820 employees and is home to one of the largest engineering teams in the city.
VillageMD raises a $100 million Series B. This brings the company’s total funding to $216 million. VillageMD helps provide physicians with patient data and analytics, which is often siloed and not easily accessible. The company is planning to use this new funding to grow its market presence, which already reaches more than 2,500 physicians across eight markets. [Built In Chicago]
Fyllo raises $16 million in seed funding. Fyllo is a marketing platform for the cannabis industry. Thanks to its algorithms, it can keep track of differences in marijuana legislation across states and cities and at the federal level. This helps cannabis companies know which demographics to market its product to and where. [Built In Chicago]
Fusion Risk Management announces investment and partnership with Vista Equity Partners. Fusion didn’t disclose the how much money Vista invested, but it did say it will use the money to grow the company and expand its product suite. Like the company’s name implies, Fusion helps companies manage risk by assessing threats that could negatively impact the company’s earnings. It also helps with disaster recovery. [Press release]
The CME Group Foundation is giving over $900K to Chicago Public Schools and local nonprofits. The grants will help support in-school and after-school computer science programs for K-12 students. The foundation will award grants to those neighborhoods most in need of computer science programs in an attempt to reduce “computer science deserts” in Chicago. [Press release]
