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Technology

Utah Money Watch provides perspective and contextual insights on all financial aspects of the Technology marketplace within Utah, from A.I. to blockchain and from SaaS to Consumer Electronics.

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

Top 27 Utah-focused Monetary, Financial and/or Business News Nuggets for February 2025 that You Might have Missed

In this writeup, you'll find info about 27 Utah-based firms and 19 separate executives that we feel we feel made the cut as "newsworthy" in February 2025. This being the case, welcome to this writeup on Utah's Top 27 Monetary, Financial and/or Business

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

Utah-based Novva Data Centers and its Investment Partner, CIM Group, Land $2 Billion Loan to Complete a 175MW State-of-the-Art AI Data Center in West Jordan, Utah

If there was any doubt that Wes Swenson is hyper-serious about the data center marketplace, such notions were disabused yesterday morning when his firm, Novva Data Centers, dropped a news release with this bombshell headline: CIM Group and Novva Data Centers Announce $2 Billion in New Financing to Accelerate Growth

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

On the surface, the news seems pretty straightforward, but it's not. So here's both the straightforward news, as well as the more complex backstory. The Straightforward News: Orem, Utah-based US Synthetic is Being Bought for ~$300 Million Orem, Utah-based US Synthetic is being sold for approximately

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

NEWS BRIEF: Utah-based Boostly Snags $22 Million in "Significant" Growth Funding Led by Private Equity Firm, PeakSpan Capital

Just six months after landing a $5.6 million Seed Round of funding, Lehi, Utah-based Boostly has jumped into the big leagues by accepting what it describes as $22.0 million in "significant ... growth capital" as a Series A round of funding. According to the Boostly news release,

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

With $20 Million in New Funding, Utah-based Jump Targets a Market Responsible for Over $128 Trillion

Yup, $128.4 trillion. That's the Total Addressable Market that Salt Lake City, Utah-based Jump is focused on. That TAM, coupled with Jump's shocking ability to leverage artificial intelligence to make its end-users 10X more efficient (and successful), make it no surprise to this journalist that

NEWS & ANALYSIS — What a Tangled Web is Woven: Beyond Announces its Plan to Purchase Back the Digital Assets of "Buy Buy BABY" for $5 Million

NEWS & ANALYSIS — What a Tangled Web is Woven: Beyond Announces its Plan to Purchase Back the Digital Assets of "Buy Buy BABY" for $5 Million

Without a scorecard, keeping track of the nuances of baseball can be difficult at best. Now, some can argue, a similar claim can be made about Salt Lake City, Utah-based Beyond (NYSE:BYON), formerly Overstock.com. Here's an attempt to untangle the newest "twist" that'

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

Top 28 Utah-focused Monetary, Financial and/or Business News Nuggets for January 2025 that You Might have Missed

In this writeup, you'll find info about 31 Utah-based organizations and 17 separate executives that we feel made the cut as "newsworthy" in January 2025. This being the case, welcome to this writeup on Utah's Top 28 Monetary, Financial and/or Business News Nuggets