Football Tech Startup GoRout Catches $1M in Seed Financing

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Via Twin Cities Business

GoRout LLC, a buzzworthy Rochester-based football technology startup that began as a tenant in the Mayo Clinic Business Accelerator, has raised $1 million in a seed financing round and is growing quickly, according to city leaders.

GoRout was founded in 2013 in the Mayo Clinic Business Accelerator by CEO Mike Rolih. Its communications technology for football teams is like a wearable smartphone: During practices, players sport a shockproof digital display on their forearms, enabling coaches to eliminate huddles and thus maximize their practice time, reduce mistakes and improve communication.”

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Skywater Hopes To Spark Resurgence In U.S. Chipmaking

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Via Axios

“In 2017, with funding from a Minnesota private equity firm, a small startup called SkyWater Technology bought a chip foundry from Cypress Semiconductor in hopes of sparking a resurgence in U.S. chipmaking. Now, with the government pining for more homegrown tech manufacturing, that bet is starting to pay off.”

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Q&A With Minnesota’s Biggest Pre-Revenue Tech Startup, Atavium

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While A is for Atavium, it also stands for ambition.

 
This nascent Minneapolis company is the rare combination of past success meets present vision with cash the barrel; Atavium appears to be Minnesota’s largest pre-revenue tech startup right now in terms of capitalization and headcount.

We connected with technical cofounder and CEO Ed Fiore to hear about their big swing:

A year ago, you announced a big first round of funding, where is the venture at here and now?

From a company perspective, we did our proof of concept and several beta tests — so we have a good idea of where our gaps are and hiring the right people to fill them.

Who are the founders and what’s your current headcount?

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St. Cloud-Based Marco Buys Another Tech Company

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Via News Release

Marco, a leading technology services provider in the United States, announced today that it has purchased Prime Office Innovations, a copier/printer company located in Macomb, MI. Prime’s employees have joined Marco’s team and will be serving clients from its current location. Prime Office Innovations has been providing its clients with copier/printer solutions since 2002.”

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TT Electronics Buys 160 Person Brooklyn Center Tech Firm Precision

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Via IEN

TT Electronics has acquired Precision, a designer and manufacturer of precision electromagnetic product solutions for critical applications. Based in Minneapolis, MN, Precision has around 160 employees that support customers in medical, industrial, and aerospace and defense markets.”

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Chromatic 3D Materials Secures Series A Financing

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Via News Release

“MINNEAPOLIS–(BUSINESS WIRE)–Chromatic 3D Materials, Inc. announced today the closing of Series A funding round led by DSM Venturing. Unique 3D printable polyurethanes and foams from Chromatic 3D Materials meet the strength and durability required for finished industrial manufactured goods.

With its patented technology, Chromatic 3D Materials opens the industrial use of additive manufacturing in many markets and applications for the first time. The development of this technology was supported by the National Science Foundation SBIR program.”

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