Articles in the "Money" category primarily relate to a funding announcement of some sort, typically from an institutional investor such as a venture capital firm, or from a family office, an angel investor, or any combination of private investors. These stories focus mainly on the funding details (who, when, how much, what it will be used for, etc.)
Money
Articles in the "Money" category primarily relate to a funding announcement of some sort, typically from an institutional investor such as a venture capital firm, or from a family office, an angel investor, or any combination of private investors. These stories focus mainly on the funding details (who, when, how much, what it will be used for, etc.)
DHS named Fortem Technologies (Lindon, UT) the only small business among seven prime contractors on a five-year, $1B+ counter-drone IDIQ. CEO Jon Gruen discusses the win, subcontractors Lockheed Martin and Microsoft, and plans to scale Utah manufacturing.
Domo's board unanimously approved a $400 million asset sale to Progress Software, ending months of financial distress. Domo will retain over $900 million in tax loss carryforwards and continue as a separate public company under a new name.
Francisco Partners will acquire Utah-based Weave Communications in a $650 million all-cash buyout at $7.40 per share. The deal expands Francisco Partners' vertical healthcare SaaS portfolio while offering public shareholders a 34% premium.
Francisco Partners will acquire Utah-based Weave Communications in a $650 million all-cash buyout at $7.40 per share. The deal expands Francisco Partners' vertical healthcare SaaS portfolio while offering public shareholders a 34% premium.
DHS named Fortem Technologies (Lindon, UT) the only small business among seven prime contractors on a five-year, $1B+ counter-drone IDIQ. CEO Jon Gruen discusses the win, subcontractors Lockheed Martin and Microsoft, and plans to scale Utah manufacturing.
Domo's board unanimously approved a $400 million asset sale to Progress Software, ending months of financial distress. Domo will retain over $900 million in tax loss carryforwards and continue as a separate public company under a new name.
Ryan Smith's Utah-based Halo Fund has led a $70 million investment in fintech Flex (San Francisco), highlighting Utah's growing venture capital influence while backing AI-powered private banking for entrepreneurs worldwide.
Redo (Draper, UT) raises $81 million in Series B funding at a $1.25 billion valuation, led by Los Smash Capital and joined by Pelion and Cervin, to expand its AI-powered commerce platform internationally and deepen its post-purchase technology suite for direct-to-consumer brands.
Pattern Group has filed a secondary stock offering enabling a major shareholder to reduce its stake. The transaction raises no new capital, but underscores Utah tech's evolving public-market maturity.
Entrata (Lehi, UT) has filed an S-1 with the SEC to list on the NYSE under ticker ENT, marking a major milestone for Utah's Silicon Slopes tech ecosystem.
Altitude Lab’s biotech accelerator portfolio has surpassed $205 million in funding, with Salt Lake City startups reaching clinical trials, pharma partnerships, and commercialization milestones that underscore Utah’s life sciences influence.
