The Chicago tech scene is showing no signs of slowing down this month. With new office openings, acquisitions and venture capital raises taking place last week, several businesses are actively hiring. Read on for the latest. This is the Built In Chicago Weekly Refresh.
TransLoop opened a new office. TransLoop uses artificial intelligence to modernize the logistics industry. The new office, located at 1 S. Wacker Drive, sits at nearly 20,000 square feet and will accommodate the company’s growing team. According to the Chicago Business Journal, TransLoop plans to hire more than 100 new employees next year. The Chicago-based company was also named the 12th fastest-growing, privately owned business in North America this year, according to Inc. [Chicago Business Journal]
Telegraph pulled in $10M. Logistics company Telegraph offers a cloud-based operating system for logistics service providers, shippers and railroads. The $10 million Series A was led by Crosslink Capital with participation from Slow Ventures, 8VC and others. The fresh capital will be use to hire across all roles and expand its product offerings. [Railway Age]
Chicago Tech Quote of the Week
“Effectively forecasting and preventing the development of acute heart failure remains one of our greatest unmet clinical needs. Cardiosense’s technology has the potential to directly address this challenge.” — Dr. Liviu Klein, lead clinical advisor for Cardiosense and chief of the advanced heart failure program at the University of California San Francisco
Cardiosense raised $15.1M. The healthtech company uses AI and multi-sensor devices to detect early signs of cardiovascular disease. Co-led by Broadview Ventures and Hatteras Venture Partners, the Series A round will be used to fund a heart failure study, advance product development and hire. Cardiosense is actively hiring for a handful of roles on its operations, finance, engineering and data teams. [PR Newswire]
Mezo secured $6M. Used by tenants and property managers, Mezo’s platform aims to make it easier and faster for maintenance requests to be handled. The $6 million seed round was co-led by Chicago Ventures and Building Ventures. Mezo was founded in 2020 and now serves more than 70,000 residents. [Built In Chicago]
NMI acquired payment solutions from Agreement Express. Based in Schaumburg, NMI is a payment enablement company that serves more than 260,000 merchants around the world. By acquiring Vancouver-based Agreement Express’ payment solutions, NMI is expanding its offerings to include risk monitoring and underwriting. [PRWeb]
