The Windy Metropolis tech scene was busy final week, as corporations raised funds, introduced acquisitions and examined new know-how. Compensate for the most recent tech information with the Constructed In Chicago Weekly Refresh.
Puttshack raised $150M. Puttshack is a high-tech mini-golf startup the place gamers’ scores are robotically tracked and saved for future visits. The corporate launched in 2018 and has one location within the Chicago space and one other in Atlanta. With the brand new funding, Puttshack is seeking to open extra mini-golf venues throughout the nation and already has some places that can open this yr. [Built In Chicago]
Chicago scientists talked about their plans for a quantum web. Scientists with the College of Chicago and Argonne Nationwide Laboratory are testing a brand new method to switch information utilizing a fiber-optic community and quantum particles. Based on the researchers, this methodology is a particularly safe solution to transmit information whereas nonetheless reaching lighting quick speeds. [Washington Post]
Chicago Tech Quote of the Week
“With round 20 % of all U.S. waste headed to landfill coming from industrial building initiatives, we should take into consideration the following wave of buildings to be constructed with the issues that we have already got above floor and the issues which are already in our neighborhood. It makes clear financial sense, empowering reuse creates 20-30 extra jobs than conventional waste administration options comparable to landfill and even recycling. If these jobs can truly make our communities extra self-reliant on their very own provide chains and never international provide chains, and if we are able to additionally do this by lowering the issues that go to landfill, it’s a minimum of a triple bottomline win.” — Garry Cooper, founder and CEO of Rheaply
Rheaply acquired a brand new supplies market. Rheaply, an organization that helps massive corporations promote their undesirable furnishings, acquired America Enterprise Council for Sustainable Improvement’s Supplies Market (US BCSD). US BCSD is a market that additionally helps refurbish furnishings and different property, nevertheless, it focuses primarily on small companies and authorities businesses. The acquisition will assist the Chicago-based startup repurpose extra supplies that might in any other case find yourself in landfills. [PR Newswire]
VC funding dropped in Chicago. A brand new report from PitchBook-NVCA Enterprise Monitor confirmed that funding for Chicago startups in Q3 was down by 20 % than within the earlier quarter. They’ve additionally raised 36 % much less cash as in comparison with a yr in the past. The dip in funding for startups comes as inflation has hit historic highs and financial uncertainty looms. Regardless of the dip, a number of corporations have nonetheless managed to boost massive rounds. [Chicago Inno]
