2025 Market Facts VRP - Flipbook - Page 111
ECO NO MI C PRO FI L E & MA R K ET FACT S 2025 | 103
CHRISTOPHER WOOD/BIZWEST
Hach Co. provides analytical instruments, reagents, software and services for water quality testing and analysis.
TECHNOLOGY
Diverse sectors make up tech economy
Try to define the technology industry in the Boulder Valley and Northern Colorado, and you’ll need to learn a diverse mix of terms: AI, clean
tech, computers, data processing, instruments, life sciences, quantum,
robotics, semiconductors, software and a myriad of other terms. “Softwareas-a-service,” anyone?
That diversity serves the region well in periods of economic uncertainty, with some sectors perhaps performing better as others might struggle.
Major companies such as Google, Apple, Oracle, Medtronic, Broadcom, Hewlett-Packard Enterprise, HP Inc. and many others constitute the
pillars of the economy, with the foundation stemming from thousands of
startups, including spinoffs from Colorado State University, the University
of Colorado Boulder and federal laboratories.
At one point, telecommunications companies employed thousands of
workers in the region, but companies such as Lumen Technologies have
either exited the region or reduced their footprints. Lumen abandoned
its large campus in Broomfield, putting the property up for auction. (The
property has yet to sell.)
While telecommunications has declined in employment, the region
— in particular the Boulder Valley — has developed into a hub for the
quantum-computing sector:
Infleqtion, a quantum information company, recently drummed up
$100 million from investors as part of its Series C fundraiser, further
emphasizing the role of the company — along with the Boulder ecosystem
in which it operates — as major players in the world’s quantum future.
Infleqtion is a trade name for ColdQuanta Inc.
California-headquartered Atom Computing Inc. in early 2025 leased
20,000 additional square feet in Boulder and now occupies an entire build-
ing in the Flatiron Park North business campus.
Quantinuum LLC, a Broomfield-based quantum-computing company,
is partnering with Japanese investment giant SoftBank Corp. on a set of
initiatives aimed at fueling commercialization through practical business
applications.
Clean tech continues to be a major component of the region’s economy,
despite recent federal budget cuts:
Electrasteel Inc., a developer of a more-sustainable iron and steel
production process that does business as Electra, recently closed a $186
million Series B fundraising round, money that it plans to use to build a
new plant and scale up production.
AtmosZero Inc., a Loveland company whose mission is to electrify generation of steam on the mass market, has produced its first commercialscaled boiler 2.0 at its new facility at the Forge Campus.
The U.S. Department of Energy is ponying up $10 million for Prometheus Materials Inc., a Longmont zero-carbon building materials
company, and partner groups to study the removal of carbon dioxide from
cement and concrete lifecycle.
And although Pfizer Inc. closed its Boulder operation in 2024, a startup
company — Ambrosia Biosciences Inc. — has emerged, taking over part of
the former Pfizer/Array BioPharma facility.
Other life-sciences companies continue to raise significant sums of
money, including Enliven Therapeutics Inc., Edgewise Therapeutics Inc.,
Enveda Therapeutics Inc. and others.
— Lucas High contributed to this report.
