Weekly Refresh: IBM to Acquire Instana, DPI Gets $23.5M, and More

Read our weekly refresh for trending Chicago tech news.

Written by Anna Holmquist
Published on Nov. 23, 2020
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Photo: Shutterstock

Upfront Healthcare raised $11.5M. The healthtech platforms helps patients understand and book provider visits. Baird Capital and LRVHealth led the Series B. [Built In Chicago]

9 Chicago-area companies made Technology Fast 500 list. Deloitte released its 2020 Technology Fast 500 list. Cubii ranked the highest of the Chicago companies, coming in at 77th overall. [Built In Chicago]

NestEgg got $7M. The proptech startup offers digital financing and property management services. Hyde Park Venture Partners led the Series A. [Built In Chicago]

Discovery Partners Institute received $23.5M. The state funds are for the design of DPI’s 500,000-square-foot headquarters and are part of $500 million in funding earmarked earlier this year for a network of tech centers statewide. The plan is to have the center open by 2025. [Crain’s]

IBM to acquire Instana. The startup develops application performance monitoring software. The acquisition is part of IBM’s push to expand its cloud offerings. [ChicagoInno]

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