Business

IBM Boosts Oracle Consulting Prowess with Accelalpha Acquisition

Key Takeaways: - IBM announces plans to acquire Accelalpha, a Bellevue-based services provider. - The acquisition aims to strengthen IBM’s Oracle consulting expertise. - Accelalpha employees will...

Amazon Launches New ‘Saver’ Private-Label Brand, Initiating Price War Against Competitors

Key Takeaways: - Amazon introduces new private-label food brand, Amazon Saver. - Discounts offered as high as 50% on certain goods for Prime members. - Amazon Saver...

Viome Secures $25M in Investment; Hires Ex-Amazon Leader as COO

Key Takeaways: - Microbiome and health diagnostic company, Viome, secured $25 million from investors - Former Amazon SVP, Kal Raman, takes over as COO - The company...

Grafana Labs Secures $270M Funding with Valuation Skyrocketing to $6B

Key Takeaways: - Grafana Labs has clinched approximately $270 million in primary and secondary transactions, driving the software company's valuation beyond $6B. - The round, an...

Amazon Closes Return Center at Former Grocery Pickup Location in Seattle

Key Takeaways: - Amazon has closed its return center at the site of its former Fresh Pickup grocery location near Starbucks’ HQ in Seattle. - The...

Amazon’s ‘Just Walk Out’ Technology Expands at Seattle’s Lumen Field

Key Takeaways: - Lumen Field in Seattle will feature six new stores with Amazon's cashierless technology. - Overhead cameras will track customers and their purchases at...

ChopValue Raises Nearly $3 Million to Convert Discarded Chopsticks into Furniture

Key Takeaways: - ChopValue, a Vancouver-based startup, recently raised close to $3 million to further their mission of recycling used chopsticks into furniture. - The company...

Private Equity Firms Vista and Blackstone in Acquisition Talks with Seattle’s Smartsheet

Key Takeaways: - Seattle-based software behemoth Smartsheet is reportedly in discussion with private equity firms Vista Equity Partners and Blackstone regarding an acquisition. - Shares of...