B2B E-Commerce Provider Four51 Lays Off ~20% Of Workforce

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four51-logoAfter raising $5m earlier this year to build out sales and marketing, Minnesota e-commerce PaaS firm Four51 has laid-off 14 employees, in a move towards “technology-first and channel approach.”

The group represents approximately 20% of their overall headcount, and comes on the heels of a Minneapolis headquarters relocation last month.

CEO Mark Johnson had this to say about the changes:

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Meet The Self Taught High School Programmers Launching Hack The Heat

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Screen Shot 2016-08-18 at 12.52.34 PMHack The Heat — a 24 hour hackathon coming up this Saturday, 12 noon at The Commons in Excelsior, is a first of its kind for students ages 12-18.

Organized by friends Luke Igel & Will Walcher, the inaugural event was born out of the desire to host a local hackathon geared towards students like themselves during the the dog days of summer.

Within a few months of conception, they had secured the name, space, sponsors, and enough participation to get things off the ground; the event has about 25 registered so far with a lineup of mentors and judges involved.

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FARCON To Showcase Six Tech Startups Next Week

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BigDataTechWebSmallThe second sold out edition of MinneAnalytics’ financial services and retail analytics conference — FARCON — is coming to Carlson School of Management next Wednesday, August 24th.

Scheduled for 9:30 to 11:15 am in Room 1-147, the Startup Showcase is hosted by MinneAnalytics board member Graeme Thickins and will feature seven-minute pitches from six startups focused in retail and financial services, and one in IoT, all listed below:

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Grigsby Departs Deep Machine, Moves Into New Fintech Startup

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Screen Shot 2016-08-17 at 12.51.54 PMRemember Deep Machine — the ML/AI startup launched by serial Minnesota tech entrepreneur Dan Grigsby?

It turns out that after only a few months of jamming, the band has broken up.

While the company itself remains intact,  currently operated exclusively by cofounder Josh Cutler , both Grigsby and Pete Schwamb have moved on.

True to his candid nature, here’s what Grigsby had to say about it all — and more importantly — what’s next on his agenda:

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41 Minnesota Tech Firms Made The 2016 Inc. 500 | 5000

inc5000_logoInc. the magazine “written for the people who run growing companies” recently released their annual ranking list of the country’s top 5,000 fastest-growing private companies with an emphasis on the top 10 percent of the list — the ‘Inc. 500.’

Overall, 93 Minnesota headquartered companies earned their place on this years list based on their self-reported revenue gains over a three year period, while we’ve identified 41 as tech in nature — either product or service.

(Apologies for missing Foundation initially)

Leadpages is Minnesota’s highest ranking tech company with $16.2m 2015 revenue and 2,392% 3 year growth, coming it at #148 (up from 220 2015).   Virtual group fitness provider Fitness on Demand (559) and Tamarack Consuling (600) rank second and third in the tech segment, respectively.

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Local Startup MiHuus Is Bringing AI To The Real Estate Game

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mihuus2It’s no secret that finding a new home can be a time consuming and frustrating process, even if it’s not your first rodeo.

And in this era, upwards of ninety percent of prospective buyers go online first and perform an average of 11 searches before even engaging with an agent or broker.

MiHuus is a new local startup that wants to capitalize on these trends by using artificial intelligence to develop a model of buyer sentiment using social and public data that automates the discovery of that perfect property.

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When I Work Stacks The VP Deck

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gI_59179_when-i-work-logo-on-whiteWhen I Work has hired three new vice presidents in the areas of technology, human resources and growth.

 
 
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LeeAnn Belski has joined the company as VP of talent and culture, after two years as VP of human resources for data-protection firm Arcserve, where she led all HR aspects of the 27-country carve-out from Computer Associates.

Previously, she held HR management positions at HighJump Software and Stellent.
 
 

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Q&A With Data Crossover On The $16m Target Round

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PrintData Crossover signaled a $16m target in June to service the smart car revolution — a large first round figure for the fledgling startup.

Board member Tim Bates, who was brought into the company by founding partners Richard (Dick) Pomije (CFO) and Rick Zirbes (CEO), spoke with us about their purpose, vision, and the opportunity at stake:

What exactly is Data Crossover?

Vehicles, specifically consumer’s cars, are essentially operating systems on wheels that are driving within an IoT environment, and becoming more sophisticated every year.   We’re creating a mobile fleet of specialized OEM repair service technicians to meet the fast growing demand to keep these cars operating smoothly and safely while on the road.

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MN Startup SecretValet Launches Password Free Secure Data Sharing Service

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SecretValet is out to change the way we secure and share digital assets by flipping the approach from pull to push.

Their service allows people to store important, sensitive, or personal information fully encrypted and have that information delivered to designated recipients when a triggering event takes place.

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