Roundup: InDemand Interpreting, Cozi, Ada Developers, Accelerators & More
This week, we’re catching up on a funding round for medical interpreting service provider InDemand Interpreting, the acquisition by Time of Cozi, expansion at the Ada Developers Academy, upcoming deadlines to apply for two Seattle-area startup accelerators, Smartsheet’s new app gallery, and a key licensing deal for Airbiquity. The details:
—InDemand Interpreting, which uses PC-based video conferencing technology to provide medical interpreting services, has raised $8.8 million in a round led by Health Enterprise Partners, and joined by existing investors and company management. The company, based in Tukwila, WA, has about 200 employees, more than half of whom are in the Seattle area, and is looking to double in size over the next year, says CEO Jim Ewel. InDemand Interpreting was founded in 2007. The funding will support product development, added sales and marketing, and possible acquisitions.
—Cozi, the Seattle maker of family organization tools, was acquired by Time, which views it as an extension of its technology portfolio, a foothold in productivity applications, and a new product development hub, according to a statement from Time chairman and CEO Joe Ripp. The media giant also sees Cozi fitting with its family-focused content, including magazines such as Real Simple. Cozi “will remain a stand-alone brand as part of Time Inc.’s portfolio, and we will continue to be based in Seattle,” writes founder and CEO Robbie Cape. In response to customer concerns, Cozi later added that its premium, ad-free product will continue as it is today. Terms of the acquisition weren’t disclosed. Cozi was founded in 2005 and has raised about $33 million, most recently closing a $5.8 million round in early 2013.
—The Ada Developers Academy, a women-only software development program, has expanded to accommodate 24 students for its second class that begins in September. It has also landed new sponsorships from local companies Nordstrom and Redfin, joining a list of 16 businesses that have supported the program, which provides six months of full-time classroom training followed by internships. Students selected for the program pay no tuition and are given a $12,000 scholarship to cover living expenses. The program was begun last year by the Technology Alliance, a state trade group, to simultaneously grow the ranks of women in technology and address a shortage of software development talent in the area. The deadline to apply for the second class is June 16.
—Application deadlines are nearing for two Seattle-area startup accelerators. 9Mile Labs will accept applications until June 16 for its third cohort, which begins Aug. 1. The accelerator focuses on business-to-business companies. Meanwhile, Fledge, the accelerator for companies focused on environmental, social, health, or sustainability goals, is accepting applications for its fifth cohort. The deadline is June 30; the program begins Sept. 8.
—Smartsheet, fresh off of raising $35 million, is rolling out its app gallery, meant to help companies integrate the various software-as-a-service apps used across the organization. The apps link Smartsheet, a collaboration tool used by some 43,000 companies and modeled after the familiar spreadsheet interface, with other cloud technologies including DocuSign, Tableau, Evernote, Salesforce, and Marketo. The company aims to position Smartsheet as a hub for managing work done across these various services.
—Seattle-based connected car services provider Airbiquity landed a deal with Continental that will see the Airbiquity Choreo platform integrated into Continental’s in-car information and entertainment systems. Through this licensing and resale agreement, Continental, which supplies head units and other components to automakers, can offer Airbiquity-powered systems that can be configured and customized for different makes, models, and geographies, and later updated with new apps, content, and services.