Austin’s The Helper Bees Raises $12.8 Million in Funding

The Helper Bees announced Thursday that it has raised $12.8 million in funding to help elderly people stay in their homes as they get older. Trust Ventures led the Series B round with participation from Silverton Partners, Northwestern Mutual Future Ventures, Impact Engine, and Congress Avenue Ventures. The Helper Bees has seen its revenue increase […]

Virgin Atlantic Announces Direct Flights from Austin to London

Virgin Atlantic announced plans Monday to begin offering direct flights to Austin. “Austin, you’ve got the  #greenlight  to travel in style to the UK from May 25th as I am THRILLED to announce that Virgin Atlantic will be launching services from Austin to London,” Simon Hawkins, head of Virgin Atlantic North America, posted to LinkedIn. “I’m personally […]

Polish Delegation Visits Austin to Promote Organic Food Trade

In a sign the economy is starting to open again after the COVID-19 Pandemic, a delegation from Poland visited Austin this week. The group held a special luncheon at The Driskill Hotel on Thursday to showcase organic polish food exports. Those in attendance included members of the Austin Chamber of Commerce, The Polish Investment and […]

Austin-based ROI Swift Helps Consumer Brands Scale

In 2015, Carolyn Lowe founded Austin-based ROI Swift, which helps market emerging consumer brands. So far, ROI Swift has helped nearly 200 companies including  Tiff’s Treats, Tecovas, Austin Eastciders, and Esker Beauty.  Her team grew an apparel and footwear company from $0 to  $12 million in sales in 18 months. Her goal is to help […]

Hitch Finds Success Providing Long Distance Ride Sharing in Texas and Florida

Hitch, the ride-sharing company launched by University of Texas at Austin students in 2018, has expanded to Florida. The Austin-based company has already facilitated 60,000 rides in Texas, said Kush Singh, the company’s co-founder, and CEO. It operates in every major Texas city. “Things have gone phenomenally well in Texas,” Singh said. “We were thinking […]

Samsung to Build a $17 Billion Plant with 2,000 High-Tech Jobs in Taylor

Samsung Electronics has announced plans to build a new semiconductor manufacturing facility in Taylor and invest $17 billion in boosting the production of semiconductors in the U.S. “This is the largest foreign direct investment in the state of Texas ever,” said Gov. Greg Abbott during a press conference announcing the project. The new plant will […]

Ten Austin Companies Make Deloitte’s North America Technology Fast 500 List

Ten Austin-based companies made Deloitte’s  “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. The highest-ranking Austin-based company, Shipwell claimed the fourth spot on the list with 32,670 percent growth from 2017 to 2020. The companies that make the […]

Smithsonian’s FUTURES Exhibit Features Austin-based Hypergiant’s Eos Bioreactor

The Smithsonian’s FUTURES exhibit opened Saturday featuring Austin-based Hypergiant’s innovation. Hypergiant’s Eos Bioreactor, a machine that uses artificial intelligence and algae growth to pull carbon from the atmosphere to provide clean air, is on display as part of the exhibit which features some of the world’s most unique and world-changing innovations. Other items in the […]

Uplevyl, a Women’s Empowerment and Networking Platform, Launches in Austin

Uplevyl, an Austin-based tech company that makes an app and digital platform geared to professional women, launched last Tuesday. Shubhi Bhonsle-Rao, Uplevyl’s founder and CEO, is a former senior executive with Alphabet, Tesco, PricewaterhouseCoopers, and Ford Motor Company, among others. She also sits on the board of directors of Open Lending, Center for Global Development, […]

LiveOak Venture Partners Raises $210 Million Oversubscribed Fund III

A decade ago, Austin-based LiveOak Venture Partners took a few years to put together its first $100 million investment fund. Today, LiveOak Venture Partners announced Fund III, a $210 million oversubscribed fund that took just three months to close. It is the largest institutional Texas-focused, early-stage tech venture capital fund raised in more than a […]

ZenBusiness Raises $200 Million and Becomes Austin’s Newest Unicorn

ZenBusiness, an online platform to help small businesses incorporate and stay compliant with regulators, announced last week that it has raised $200 million in additional funding. That makes ZenBusiness Austin’s newest Unicorn, which is a company that is valued at more than $1 billion. ZenBusiness’ Series C round values the company at $1.7 billion. Oak […]

Austin Companies Raised a Record-Breaking $4.9 Billion in Venture Capital in 2021

The year 2021 marks the year of the biggest funding deals for Austin startups since Silicon Hills News began covering the market in 2011. Austin had several big funding deals worth more than $100 million. In fact, all the top ten deals for Austin in 2021 were worth $100 million or more. The pandemic might […]

Cart.com Moves Headquarters to Austin

Cart.com announced Thursday afternoon that it has moved its global headquarters from Houston to Austin. The startup has 150 employees in Austin and plans to double in the next 12 months, according to a news release. Capital Factory recently named Cart.com its Startup of the year. The company, founded in September of 2020, is an […]