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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“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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Employee Owned AVI Systems Outpaces Its Industry

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By Neal St. Anthony,  Star Tribune

“On Wednesday, several hundred customers, prospects, suppliers and employees will gather in a conference center at Target Field to spend the day learning about the latest in audiovisual technology systems. The host of the annual affair is Eden Prairie-based AVI Systems, a little-known company that’s creating a big ripple in its industry.”

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Mankato’s Neutral Path Communications Bought By Boulder-Based Zayo

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“BOULDER, Colo.–(BUSINESS WIRE)–Zayo Group Holdings, Inc. (NYSE: ZAYO) today announced that it has completed the acquisition of substantially all of the assets of Neutral Path Communications and Near North Partners.

The acquisition adds 452 owned route miles, plus additional leased route miles, to Zayo’s extensive North American network, including a unique, high-count fiber route from Minneapolis to Omaha. The fiber footprint provides Zayo with three owned diverse fiber routes out of Minneapolis, Chicago and Omaha.”

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3M Is Front And Center In Move Toward Electric & Autonomous Cars

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By Dee DePass Star Tribune

3M’s prowess in the auto world is accelerating. For years, it was mainly known for utilitarian contributions: reflective license plates and road signs; windshield shade films; paint tape; and the glue that kept the felt on car ceilings and the wood veneer on consoles. Craving more — and seeing an automotive industry in the throes of a huge transformation — 3M dispatched its electrical and safety engineers, designers and marketers to auto firms worldwide.”

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[UPDATED] Wearable Tech Startup RxFunction Raises $7.5m Series A

Updated 4/3: CEO Tom Morizio says the A Round was actually $7.5, $1.5m more than previously reported:

“Our intent was to raise $5m and we oversubscribed at $7.5m”

Updated 3/30/2018: New SEC disclosure indicates another $2m.

Original 1/2/2018: Minneapolis wearable prosthetic startup RxFunction is raising $5.77m of debt & equity with $3.95m closed per SEC disclosure.

RxFunctin is known for their wearable technology product Walkasins that uses sensors to improve balance and safety in patients who experience gait, or due to peripheral neuropathy.

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