Tuesday, January 26, 2021

Washington state set to pass new data privacy regulations

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TODAY'S TOP STORIES

Washington state privacy bill: The state will once again try to pass data privacy regulations akin to Europe and California’s laws. State Sen. Reuven Carlyle (above), who has sponsored the legislation for three years running, tells GeekWire that he believes that this version of the bill will succeed where previous attempts have failed — here’s why

Amazon in Beantown: The tech giant will add 3,000 jobs in Boston, including roles working on Alexa, AWS, Amazon Robotics and Amazon Pharmacy, with the lease of a new 17-story office tower. It’s the company’s latest expansion of tech and corporate jobs beyond its Seattle HQ. 

Seattle startup news:

  • After years of development, HaptX has released its first commercial product, the HaptX Gloves DK2, true-contact haptics gloves that use microfluidics technology and more than 130 points of tactile feedback on hands and fingers.

  • Marketing startup Usermind raised $14 million, bouncing back after laying off 25% of its staff in March.

  • Led by veteran entrepreneur Todd Owens, Pioneer Square Labs spinout Kevala raised $4 million to address the healthcare worker shortage. 

  • University of Washington spinout Parse Biosciences landed $7 million to support growth of its single cell sequencing technology.

  • Portland, Ore.-based investment firm Elevate Capital raised $26 million as part of its second fund to invest in minority-led startups. 

Stay up-to-date on Seattle startup headlines with our weekly startup newsletter — subscribe here

Sub Pop sets up new Seattle shop: The longtime independent record label, which helped usher in the grunge era 30 years ago, has a new retail location — at the epicenter of the e-commerce giant that reshaped Seattle. Sub Pop on 7th is located at the base of Amazon’s re:Invent tower and opens at a time when brick-and-mortar businesses have struggled during the pandemic and remote work policies have emptied Seattle’s downtown core and tech hubs.

Coming up: Microsoft reports earnings Tuesday afternoon, and Wall Street will be closely watching the results in its cloud and productivity software businesses for the latest measure of the impact of remote work. Analysts expect the company’s revenue for the December quarter to top $40 billion, up 8.9%, with profits of $1.64/share, vs. $1.51/share a year ago. Check back for coverage on GeekWire this afternoon.

Thanks for reading, and see all our latest headlines below. — GeekWire editor Todd Bishop, editor@geekwire.comGeekWire managing editor Taylor Soper, taylor@geekwire.com, and reporter Kurt Schlosser, kurt@geekwire.com.
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