As summer in the Midwest continues to heat up, check out how the Chicago tech scene is following suit with last week’s latest. This is the Built In Chicago weekly refresh.
HDVI pulled in $32.5M. As it works to help trucking companies save money on insurance costs, this company’s platform provides specific, real-time safety insights while collecting info from telemetric devices and sensors. HDVI announced its Series B funding round led by Weatherford Capital to invest in product development. It’s also looking to fuel expansion into more states across the country. [Built In Chicago]
Walker Sands acquired March Communications. Helping accelerate the growth of companies in the B2B tech space, Walker Sands acquired March Communications, a Boston-based PR agency. As a combined company, they make the fifth-largest technology-focused firm in the country, and their goal is to bring new marketing and communications capabilities to clients. [PR Web]
Chicago Tech Quote of the Week
Cisco relocated its Midwest HQ. The San Jose-based tech giant has a global employee count of 71,000. Now, after investing $21 million in its new Chicago office location, Cisco is moving into the Old Main Post Office building at 433 W. Van Buren St. The new space is large enough to accommodate 1,200 employees as Cisco plans to build out its Chicago footprint with dozens of available roles listed now. [Built In Chicago]
These Chicago tech companies made the Inc. 5000. Considered some of the fastest-growing startups in the country, 213 Chicago-area companies across all industries ranked on Inc.’s latest list. The honorees are ranked by their overall revenue growth from 2017–2020. Claiming the top spots for Chicago tech were tech product marketplace The Best Industries, hair care company CurlMix and shipping platform MoLo Solutions. [Built In Chicago]
