GEEK News

June 05, 2015
Biotech stocks are getting crushed — but industry insiders say there’s reason for optimism

Biotech stocks are getting crushed — but industry insiders say there’s reason for optimism

The SPDR S&P Biotech ETF (XBI), a key biotech index fund. (Google screenshot) Biotech is coming off an epic few years. The sector soared during the pandemic, with venture capital investment and IPO volumes hitting all-time highs. But recently stock valuations have plummeted, part of a...

Microsoft changes cloud practices in Europe, acknowledges missteps in rivalry with Amazon

Microsoft changes cloud practices in Europe, acknowledges missteps in rivalry with Amazon

Microsoft President Brad Smith. (GeekWire File Photo / Dan DeLong) Microsoft responded to criticism of its cloud licensing policies in Europe with a series of promises to change its licensing practices and overall principles to level the playing field for local cloud providers. Brad Smith,...

Major League Cricket secures $120M funding from Microsoft CEO and others to launch in U.S.

Major League Cricket secures $120M funding from Microsoft CEO and others to launch in U.S.

(Major League Cricket Photo) Major League Cricket is tapping into the tech and business communities to secure major funding for its planned launch in the U.S. The league announced Wednesday that it has raised an initial $44 million Series A/A1 round and secured $76 million more to put $120...

High school teams from Bellevue, Wash., take top two spots in finals of American Rocketry Challenge

High school teams from Bellevue, Wash., take top two spots in finals of American Rocketry Challenge

The rocketry teams from Bellevue’s Newport High School, from left: Zijun He (Team 1), Evelyn Radabaugh (Team 1), Ethan Tampa (Team 1), Justin Kim (Team 1), Rosie Liu (Team 2), Minghan Sun (Team 2), Jason McCabe (Team 1), Arthur Gwozdz (Team 2), Vanu Rao (Team 2), Kavin Manivasagam (Team 2), Shreyas...

Univ. of Washington and Meta partner on program linking PhD students to AI mentors at tech giant

Univ. of Washington and Meta partner on program linking PhD students to AI mentors at tech giant

The Paul G. Allen School of Computer Science & Engineering at the University of Washington. (Allen School Photo) Meta has accepted a new friend request from the University of Washington. The tech giant is bolstering its relationship with the UW’s Paul G. Allen School of Computer Science...

Ex-Goldman Sachs banker leads new startup that wants to help brands grow Web3 communities

Ex-Goldman Sachs banker leads new startup that wants to help brands grow Web3 communities

Spencer Cheng. (Metastich Photo) The possibilities created by Web3, hailed as the next iteration of the internet, are attracting various early stage companies such as Metastitch, a new Seattle startup led by a former investment banker. Spencer Cheng left Goldman Sachs last year and took the...

Noteworthy spinout: Flowdex comes out of Seattle’s AI2 with app using AI to manage notes

Noteworthy spinout: Flowdex comes out of Seattle’s AI2 with app using AI to manage notes

Flowdex co-founders William Cheng, left, and Justin Cranshaw. (AI2 Photo) Are you a prolific note taker looking for a new app to help manage all that information? Well, take note … and a new spinout from the Seattle-based Allen Institute for AI (AI2) might be able to help you find it. Flowdex...

Book Excerpt: 5 questions that will help  unleash your company’s hidden power

Book Excerpt: 5 questions that will help unleash your company’s hidden power

Editor’s Note: This excerpt is adapted from the new book, Unlock: 5 Questions to Unleash Your Company’s Hidden Power, by Matt Hulett, a longtime Seattle-based entrepreneur and technology business leader. Remember the 2008 action movie Taken? It stars the gruff Irish tough guy Liam Neeson,...

With sweeping pay increase, Microsoft attempts to retain talent in competitive tech job market

With sweeping pay increase, Microsoft attempts to retain talent in competitive tech job market

Microsoft’s Redmond, Wash., campus. (GeekWire File Photo) Microsoft’s plan to significantly boost merit-based raises and stock-based compensation for its employees and middle managers shows just how challenging it has become to keep a tech workforce intact given the larger dynamics playing out...

Pentagon boosts two Seattle ventures working on nuclear-powered prototypes for space applications

Pentagon boosts two Seattle ventures working on nuclear-powered prototypes for space applications

An artist’s conception shows a spacecraft powered by Ultra Safe Nuclear systems. (USNC-Tech Illustration) Two Seattle companies have won Pentagon contracts to develop nuclear-powered prototypes for space applications, with orbital demonstrations set for 2027. The Defense Innovation Unit says...

Startup casting call: We’re looking for a dozen amazing entrepreneurs to pitch their ideas in one of Seattle’s iconic elevators

Startup casting call: We’re looking for a dozen amazing entrepreneurs to pitch their ideas in one of Seattle’s iconic elevators

Some startups go up, others go down. That’s the tagline of GeekWire’s Elevator Pitch startup competition, which is returning to the iconic elevators of Seattle’s Smith Tower for an epic third season. We put the brakes on the video series during the pandemic. But we’re excited to bring it back in...

Rental property investment startup Arrived Homes raises $25M to fund further expansion

Rental property investment startup Arrived Homes raises $25M to fund further expansion

(Arrived Homes Image) Arrived Homes, the Seattle startup that helps people invest in single-family rental properties, has raised $25 million in new funding to continue its expansion into new markets. The cash will also help Arrived add new asset types such as short term rentals, and grow its...

Startup funding news: Inflection.io, Xemelgo, Joule Case, others raise fresh cash

Startup funding news: Inflection.io, Xemelgo, Joule Case, others raise fresh cash

The Inflection.io team, including co-founders Dave Rigotti (front, left), Vic Davis (fourth from left), and Aaron Bird (fifth from left). (Inflection.io Photo) Here’s our latest rundown on recent startup investment news in the Pacific Northwest. Inflection.io New funding: Inflection.io, a...

Tableau adds data storytelling and AI predictions as its annual revenue nears $2B under Salesforce

Tableau adds data storytelling and AI predictions as its annual revenue nears $2B under Salesforce

The new Data Stories feature in Tableau will explain data automatically in plain language. (Tableau Image) Tableau Software showed a new storytelling feature that automatically explains data from Tableau dashboards in plain language, building on the November 2021 acquisition of Narrative Science...

Flying Fish raises $70M fund and will cast net beyond Seattle to back more AI/ML startups

Flying Fish raises $70M fund and will cast net beyond Seattle to back more AI/ML startups

Flying Fish managing partners, from left: Frank Chang, Geoff Harris, and Heather Redman. (Flying Fish Photo) The news: Seattle-based venture capital firm Flying Fish landed $70 million for its second fund to invest in more early-stage machine learning and artificial intelligence startups — both...

Former Microsoft Viva and Teams leader Vineet Taneja joins Brex as vice president of product

Former Microsoft Viva and Teams leader Vineet Taneja joins Brex as vice president of product

Vineet Taneja. (Brex Photo) Vineet Taneja, former general manager at Microsoft, joined fintech giant Brex as vice president of product. Taneja worked at Microsoft in Seattle and India for more than 13 years in a variety of management roles, most recently leading product for Microsoft Viva,...

Online retailer Zulily lays off corporate workers as parent Qurate aims to cut expenses

Online retailer Zulily lays off corporate workers as parent Qurate aims to cut expenses

Zulily’s HQ in Seattle. (GeekWire File Photo / Taylor Soper) Online retailer Zulily laid off corporate employees last week as its parent company looks to cut costs amid broader industry concerns related to e-commerce growth. Fewer than 100 positions were impacted, or less than 10% of the...

Investor who called for ouster of Athira Pharma CEO suspends campaign

Investor who called for ouster of Athira Pharma CEO suspends campaign

Richard Kayne. (Kayne Anderson Capital Advisors Photo) The activist shareholder behind an attempt to replace the CEO of Athira Pharma has suspended his campaign. Billionaire Richard (Ric) Kayne nominated himself and an associate to the board in March, and recently proffered Ronald Krall, the...

Satya Nadella details Microsoft plan for ‘significant additional investment’ in employee compensation

Satya Nadella details Microsoft plan for ‘significant additional investment’ in employee compensation

Microsoft CEO Satya Nadella. (GeekWire File Photo) Microsoft plans to nearly double its global budget for merit-based salary increases, and increase its range for annual stock-based compensation by at least 25% for employees at the senior director level and below. The move, detailed by...

White House and Jeff Bezos continue to trade jabs in dispute over inflation claims

White House and Jeff Bezos continue to trade jabs in dispute over inflation claims

Amazon founder Jeff Bezos. (GeekWire File Photo / Kevin Lisota) The White House returned fire and Jeff Bezos took another swing Monday in a back-and-forth dispute between the Amazon founder and President Joe Biden. Bezos took his first shot at the president on Twitter on Friday, reacting to a...

Seagen CEO and co-founder Clay Siegall resigns following domestic violence arrest

Seagen CEO and co-founder Clay Siegall resigns following domestic violence arrest

Clay Siegall. (Seagen Photo) Clay Siegall has resigned as CEO and chairman of Seagen in the midst of domestic violence allegations, more than 24 years after the biotech veteran helped start the publicly traded Seattle-area company. Siegall took a leave of absence one week ago after the...

Q&A with Providence’s new digital chief on spinning out startups and the future of health tech

Q&A with Providence’s new digital chief on spinning out startups and the future of health tech

Sara Vaezy, Providence Chief Digital Officer. (Providence Photo) Since its founding in 2014, Providence’s Digital Innovation Group has grown to 200 engineers, data scientists, marketing professionals and other employees tasked with generating new tech tools. The in-house technology incubator...

Week in Review: Most popular stories on GeekWire for the week of May 8, 2022

Week in Review: Most popular stories on GeekWire for the week of May 8, 2022

Get caught up on the latest technology and startup news from the past week. Here are the most popular stories on GeekWire for the week of May 8, 2022. Sign up to receive these updates every Sunday in your inbox by subscribing to our GeekWire Weekly email newsletter. Most popular stories on...

Startups, superheroes, and the economy at a crossroads: Voices from Seattle’s tech community

Startups, superheroes, and the economy at a crossroads: Voices from Seattle’s tech community

Clockwise from upper left: Yoodli co-founder Varun Puri; Dave Cotter, WTIA chair and Leafly chief product officer; Tech Alliance CEO Laura Ruderman, and Mo Bhende, Co-Founder & CEO at Karat, talk with Todd Bishop at the GeekWire Awards. (Jordan Curtis Photos) After holding the GeekWire...

Life sciences news: New vaccine manufacturing plant; police records detail arrest of Seagen CEO

Life sciences news: New vaccine manufacturing plant; police records detail arrest of Seagen CEO

Inventprise CEO Yves Leurquin inside the company’s new vaccine manufacturing facility. (GeekWire Photo / Charlotte Schubert) Here’s a rundown of the top life sciences and health news across the Pacific Northwest this week. Bill Gates helps open new vaccine manufacturing facility:...

Bezos vs. Biden: Amazon founder calls out president over inflation and corporate taxes

Bezos vs. Biden: Amazon founder calls out president over inflation and corporate taxes

Left: Jeff Bezos (GeekWire Photo / Alan Boyle). Right: President Joe Biden (White House File Photo via Flickr). Jeff Bezos spent a good chunk of Friday tweeting about everything from his critique of slidedecks to heartfelt remarks about his father. But his nightcap garnered the most...

Tech Moves: Longtime Microsoft leader James Phillips leaves Stripe; and more

Tech Moves: Longtime Microsoft leader James Phillips leaves Stripe; and more

James Phillips. (Madrona Venture Group Photo) — James Phillips is stepping down as president of financial services at Stripe, just one month after joining the company. Phillips landed at Stripe in April after a decade-long stint at Microsoft, where he was most recently president of the...

Photos: Geeks, assemble! Inside the GeekWire Awards with the singing, smiling and much more

Photos: Geeks, assemble! Inside the GeekWire Awards with the singing, smiling and much more

(GeekWire Photo / Kevin Lisota) It was so nice to see your faces, Seattle. The GeekWire Awards returned as an in-person event for the first time in three years on Thursday night, and the Pacific Northwest tech community was smiling from ear to ear at the chance to reconnect. At Showbox...

Watch a tearful Jeff Bezos celebrate his immigrant father: ‘Could not have had a better role model’

Watch a tearful Jeff Bezos celebrate his immigrant father: ‘Could not have had a better role model’

Jeff Bezos and his father Miguel Bezos, with the Statue of Liberty in New York. (Instagram Photo via @jeffbezos) Jeff Bezos is never shy about sharing his love for his parents on social media, thanking them for the inspiration and support they have provided in his life. On Friday, the Amazon...

Three companies receive new Seattle scooter-share permits as Bird will join the flock on city streets

Three companies receive new Seattle scooter-share permits as Bird will join the flock on city streets

The three scooter brands that will be available in Seattle, from left: Link, Bird, and Lime. (Link, Bird and Lime Photos via SDOT) The pilot phase of Seattle’s scooter share program has reached the end of the road and three companies have been selected to continue putting their micromobility...

2022 GeekWire Awards revealed: Community celebrates big winners in Pacific NW tech

2022 GeekWire Awards revealed: Community celebrates big winners in Pacific NW tech

From top left, clockwise: Varun Puri of Yoodli; Sen. Sharon Brown; Saema Somalya of Remitly; Viraj Mody and Linda Lian of Common Room; Vija Williams of Place; Doug Baldwin. (GeekWire Photos / Kevin Lisota) Community. It felt good to say it and hear it, and it felt even better to see it in...

Livestream: Tune into the 2022 GeekWire Awards

Livestream: Tune into the 2022 GeekWire Awards

Who will win the robot trophies at this year’s GeekWire Awards? Follow-up: Watch the show and read a recap of the winners here The anticipation is building. The champagne is on ice. We are moments away from the sold out 2022 GeekWire Awards, taking place live in-person for the first time in three...

Social TV platform Scener launches new app to enhance how viewers stream across services

Social TV platform Scener launches new app to enhance how viewers stream across services

(Scener Images) Viewers overwhelmed by the number of streaming television services and endless content that they can’t keep track of are getting some help managing it all from Scener, a Seattle-based startup. The company known for adding a social layer to streaming TV viewing with its “watch...

Police report details domestic violence arrest of Seagen CEO at his home near Seattle

Police report details domestic violence arrest of Seagen CEO at his home near Seattle

Seagen CEO Clay Siegall. (Seagen Photo) Seagen CEO Clay Siegall was arrested in the early hours of April 23 at his home and charged with a fourth degree domestic violence gross misdemeanor, according to police records obtained by GeekWire. More than three weeks after the arrest, Seagen...

GeekWire Awards FAQ: Meet the finalists and tune in tonight to our annual celebration of PNW tech

GeekWire Awards FAQ: Meet the finalists and tune in tonight to our annual celebration of PNW tech

The GeekWire Awards are here! Our annual celebration of Pacific Northwest tech takes place later today, May 12, at the Showbox SoDo in Seattle. The event is sold out, but we’ll be livestreaming the action starting at 7 p.m. PT here. Read on for more details about the event. . A big...

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