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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.

NEWS BRIEF: The University of Utah Landed Nearly $700 Million in Research Funding in Fiscal 2024

NEWS BRIEF: The University of Utah Landed Nearly $700 Million in Research Funding in Fiscal 2024

The University of Utah just announced that it garnered nearly $700 million in research funding in fiscal 2024 (ended 30 June 2024). According to the UofU news release announcing the FY 2024 research funding results, the Salt Lake City-based institution secured $691 million in research funding across such disciplines as

Another Utah Tech O.G. has Died — Darl McBride — At One Time Referred to as "... the Most Hated Man in the Tech Industry"

Another Utah Tech O.G. has Died — Darl McBride — At One Time Referred to as "... the Most Hated Man in the Tech Industry"

Darl McBride was a technology visionary and serial entrepreneur most known for his time leading The SCO Group as he sought compensation for what was claimed as the misappropriated value for SCO's ownership of UNIX. But in reality, he also saw significant success during his career in executive

Three Years After it Sold for $3.8 Billion, Utah-based Pluralsight is Being Bought by an Investor Group for "Pennies on the Dollar" and Recapitalized to the Tune of $200 Million

In the snow sports industry the term "out over your skis" refers to someone who unsuccessfully tries to ski beyond his or her ability, an effort that often results in spectacular crashes, injuries or both. Although this idiomatic expression has its roots in downhill skiing, the truth is

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

Global Counterintelligence Firm, Utah-based Strider Technologies, Has Just Closed a $55 Million Round of Series C Funding

The funding was led by Pelion Venture Partners, Utah's largest VC firm, and will help Strider "expand operations to new geographies in Europe and Asia, and more aggressively address the public sector market" as the firm helps provide organizations of all types with previously undiscovered data

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 2024 that You Might have Missed

Top 23 Utah-focused Monetary, Financial and/or Business News Nuggets from August 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are significant and should be acknowledged as such. And in this writeup, you'll find info about 20 Utah-based firms and 18 separate executives that we feel

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

NEWS BRIEF: Utah Office of L3Harris Technologies has Landed a $587 Million U.S. Navy Contract

The Salt Lake City, Utah-based office of L3Harris Technologies (NYSE:LHX) has just been awarded a $587 million contract by the U.S. Navy. According to the U.S. Department of Defense, the L3Harris contract is a five-year engagement (from August 2024 through August 2029) "... for the design, production

Led by Utah Tech OG, Wes Swenson, Utah-based Novva Data Centers Will Spend $3.0 Billion to Build a 300MW Data Center in Arizona, its Sixth Since its July 2020 Launch

Led by Utah Tech OG, Wes Swenson, Utah-based Novva Data Centers Will Spend $3.0 Billion to Build a 300MW Data Center in Arizona, its Sixth Since its July 2020 Launch

In a project Novva expects will take 10 million hours to construct over a decade, the new environmentally friendly data center will include 1.3 million-square-feet of facilities located on 160 acres in Mesa, Arizona, and will use an "innovative water-free air-cooling system, which is projected to conserve up