CEO Nick Schneider says the money comes in the form of convertible notes from new and existing investors.

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It's one of the largest raises by a Minnesota company this year. NetSPI plans to use the money to hire at least 200 more workers and improve its cybersecurity offerings.
The actor is among the participants in a $20 million "bridge funding" round for the Minneapolis-based plant food company.
The Minneapolis-based comapny says the money will help fund current and future clinical trials.
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The Minneapolis-based comapny says the money will help fund current and future clinical trials.
Co-led by Muslim nonprofits Rabata and RISE, the program is aimed at helping women turn early ideas into sustainable nonprofits.
The company is developing an artificial artery for bypass surgery.
The company, which has operated at a loss for four years, listed multiple possible business pivots, including a merger or the sale of assets.
The Eden Prairie-based startup says it faces a “liquidity crisis” amid plummeting cryptocurrency prices.
Groove Capital's Reed Robinson shares how he went from zero to 40-plus early-stage startup deals in two years.
Minnesota's largest startup competition presents its grand prize to Bloomington-based BKB Floral Foam, developer of a non-toxic foam.
Meet this year's Minnesota winners and finalists from EY's Heartland Division.
The Rochester-based health system has established a program to help found and nurture new companies piloting the latest innovations in gene and cell therapies.
Branding expert Aaron Keller makes the case for a shift from consumption to sustainable solutions.
In the ever-changing world of a startup, the hunt for talent has its own unique challenges, says Mossier founder and CEO Nick Alm.
This Minneapolis-based startup aims to increase literacy skills in the workplace and beyond.
As part of the program, nine entrepreneurs will receive a living stipend and mentorship.
The stadium-level AR created by a Minneapolis startup layers interactive digital experiences onto the baseball game via app.
The co-founder of Maazah chutney takes us inside Minnesota's biggest startup competition.