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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.

Salt Lake City Native Son and Tech Industry O.G., John Warnock, Has Died at 82.

Salt Lake City Native Son and Tech Industry O.G., John Warnock, Has Died at 82.

John E. Warnock, Ph.D., Adobe Systems Co-Founder and former CEO/Chairman, and one of the most influential technologists of the past 50 years, died on Saturday at the age of 82. He is survived by his wife, Marva, and their three children. Warnock was born and raised in Salt

The Case for FireFly Automatix Becoming Utah's Next "Unicorn," Courtesy of Artificial Intelligence, EVs, and Grass

The Case for FireFly Automatix Becoming Utah's Next "Unicorn," Courtesy of Artificial Intelligence, EVs, and Grass

By "marrying motion control with robotics" in its fully autonomous electric mowers, FireFly Automatix has dramatically expanded its Total Addressable Market size (TAM) by 15-fold to $30 billion. The decision moves FireFly beyond turf harvesting/mowing into commercial and (eventually) residential grass-mowing. And its primary targets out-of-the gate

ICYMI: Utah's Top Seven Money Stories from the First Half of August 2023

ICYMI: Utah's Top Seven Money Stories from the First Half of August 2023

From the $4 million "special" funding of ChartSquad to our discovery of PCF Insurance Services - Utah's hidden 5X insurance industry "Unicorn" - we deliver our perspectives on each of the top 7 money stories in Utah for first half of the month (August

Heber-based ChartSquad Lands $4 Million Royalty-based Funding from Cypress Growth Capital in Texas

Heber-based ChartSquad Lands $4 Million Royalty-based Funding from Cypress Growth Capital in Texas

Often an enemy of healthcare providers, lawyers, and law firms, 11-year-old ChartSquad delivers on the true promise of HIPAA (the 1996 Healthcare Insurance Portability and Accountability Act), which means actual medical record portability for individuals and their lawyers. And for its part, ChartSquad does so easily, quickly, and inexpensively. AUTHOR&

PCF Insurance Services - A 5X, Utah-based "Unicorn" Hiding in Plain Sight - Lands $400 Million in Incremental Debt Financing

PCF Insurance Services - A 5X, Utah-based "Unicorn" Hiding in Plain Sight - Lands $400 Million in Incremental Debt Financing

The funding will be used by PCF to "accelerate (its) M&A strategy," a strategy that helped the Top 20 insurance brokerage complete nearly 100 partner transactions during 2022. Lehi, Utah-based PCF Insurance Services has just closed $400 million in incremental debt financing, funding designed to allow

ICYMI: The Top Seven Stories from the Second Half of July 2023

ICYMI: The Top Seven Stories from the Second Half of July 2023

From the potentially cranky/helpful rant of a seasoned communications pro to a surprising $43 billion figure shared by BofA Securities, we deliver our perspectives on each of the top 7 money stories in Utah for second half of the month (July 16th through the 31st). Welcome to August, the

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

EnergySolutions Enters a $60 Million "Stalking Horse" Agreement to Acquire Certain Assets from Williams Industrial Services Group in Chapter 11 Bankruptcy Proceedings

In summary, Williams Industrial is seeking Chapter 11 protection with the Bankruptcy Court. As part of this filing, EnergySolutions has agreed to purchase various assets from Williams Industrial for $60MM, pending the Court's approval. However, approval of the deal may take two months or longer. Salt Lake City