By Jason Hidalgo, firstname.lastname@example.org
This one’s for the little guys.
Five Reno startups, including a company that caters to endurance athletes and one that specializes in connected products — the Internet of Things in geek speak — were recognized by city and state officials on Tuesday for raising funding and creating high-paying jobs in the Biggest Little City.
Breadware, The Sufferfest, Talage, MyVR and Bombora were touted by Gov. Brian Sandoval and Reno Mayor Hillary Schieve for bringing 125 new tech jobs to the area and successfully raising more than $10 million dollars in funding. The average annual wage for those jobs is $77,000.
“We’re at the brink of a fourth industrial revolution, a new economy,” Sandoval said. “This community … has to be at the foundation and at the beginning of this fourth industrial revolution so we can position this state as the new economy establishes itself.”
In recent years, moves by Tesla, Switch and recent newcomer Google to the Tahoe-Reno Industrial Center just east of Reno-Sparks in Storey County have received plenty of attention in and out of the area.
Although moves by big companies get most of the attention in Northern Nevada, however, smaller startups also play an important role to the area, said Mike Kazmierski, CEO of the Economic Development Authority of Western Nevada.
“Many of us have been to or heard about announcements of the larger companies over the past several years but these smaller start-up companies are just as important to the long-term success and diversification of our economy.”
Breadware, which provides development solutions related to the Internet of Things, just finished a round of $2 million in seed funding. The company moved to Reno from California last year.
Talage, which provides an insurance marketplace in the digital space for small businesses, is also close to announcing its own round of funding. Bombora, a business-to-business startup that expanded to Reno from New York just a few years ago recently hired more people.
The remaining startup were recognized for recently expanding into Reno. MyVR, a multi-channel management platform provider for vacation rental businesses, started in the Biggest Little City a couple of months ago while The Sufferfest, which provides an app-based training system for cyclists and triathletes, expanded into the area last month.
Read the rest of the story at rgj.com.