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 […]

Innovative Companies Track Where the Market is Moving and Change

Innovation is a paradigm shift, said Lisa Hendrickson, co-author of Boom! Deciphering Innovation: How Disruption Drives Companies to Transform or Die. For example, Apple’s iPhone didn’t just improve on telecommunications and the flip phone, but it altered how many people work and communicate altogether, Hendrickson said. “It was the starting of the unbundling of the […]

Procore Completes its $500 Million Acquisition of Levelset

All the high-rise buildings, warehouses, and manufacturing plants sprouting up in Austin mean there’s a big demand for construction technology to manage it all. Procore Technologies, based in Carpinteria, Calif. with a large Austin office, is one of the companies that provide construction management software. Procore on Wednesday completed its acquisition of Levelset, a fintech […]

Austin Technology Visionary Pike Powers Dies

Austin’s technology industry wouldn’t be what it is today without Pike Powers. Powers put the silicon into the Silicon Hills and the Austin technology industry on the map when he helped to bring the headquarters of Microelectronics and Computer Technology Corp., known as MCC to Austin in 1983. Powers, 80, died Sunday but his legacy […]

Healthcare Startup Sana Gets $20 Million More in Funding

Sana, the startup disrupting the healthcare insurance industry by providing coverage for small businesses at a discount, announced recently that it has closed on $20 million in funding. To date, Sana, founded in 2017 by Will Young and Nathan Hackley, has raised $47.1 million. The latest round of funding is an extension on the company’s Series […]

Touchdown PR Establishes its Global Headquarters in Austin

As Austin’s technology industry grows, so do the support businesses. This week, Touchdown PR, a global public relations agency focused on the technology industry, announced plans to move its headquarters to Austin. The company opened a new office in North Austin and plans to hire 20 new staff members over the next 18 months for […]

REE Automotive Sees Austin as a Tech Hub for Electric Vehicles

REE Automotive recently announced plans to open a North American headquarters and assembly site in Austin with 150 new jobs. “Austin came out winning this with flying colors,” said Daniel Barel, the company’s CEO and Co-Founder. It chose Austin because of the city’s booming technology industry, its culture of innovation and openness, and the weather […]

Matt Wursta Talks About his Company’s Challenges and Growth on the Ideas to Invoices Podcast

Wursta landed in the top 500 of the Inc5000 list of the fastest-growing companies in the country for two years in a row. This year, Austin-based Wursta was listed as No. 440 on the Inc5000. Matt Wursta, CEO, founded his eponymous company in 2014 in the basement of his parent’s house in Allentown, Pennsylvania after […]

Gradient Works Raises $2 Million in Funding

Gradient Works, a sales tech startup based in Austin, announced this week it has raised $2 million in seed-stage funding. The company is founded by Hayes Davis and Jenn Deering Davis, previously founders of Union Metrics, a social media analytics company that merged with Austin-based TrendKite in 2018. TrendKite was then acquired for $225 million […]

Austin’s UpEquity Closes on $50 Million in Funding

Austin-based UpEquity, a tech-enabled mortgage company, announced it has closed on $50 million in funding. S3 Ventures led the Series B funding which included $20 million in equity and $30 million in debt. Other investors included Next Coast Ventures, BP Capital Management, Alumni Ventures, Gaingels, Launchpad Capital and Early Light Ventures. To date, UpEquity has […]

CDW Buys San Antonio-based Sirius Computer Solutions for $2.5 Billion

CDW Corp. has entered into an agreement to buy San Antonio-based Sirius Computer Solutions for $2.5 billion in cash. Harvey Najim left a career at IBM to found Sirius Computer Solutions in 1980, originally named Star Data Systems. In 2011, Najim stepped down from Sirius and Joe Mertens, a longtime executive, became Chief Executive Officer. […]

Third Quarter and 2021 VC Investments Hit Record Levels for Texas and Austin

In the third quarter, the U.S. saw $82.8 billion in capital invested in 3,518 deals, according to the Q3 Pitchbook-National Venture Capital Association Venture Monitor report. For the first three quarters, the report’s data shows companies have attracted $238.7 billion across 12,837 deals and breaking the previous record set in 2020 of $155.4 billion.  And […]

Austin’s Rocket Dollar Invests Retirement Dollars in Alternative Assets like Cryptocurrency, NFTs, Real Estate, and More

After selling Honest Dollar, the company he co-founded, to Goldman Sachs, Henry Yoshida recognized another super trend. He had spent his career in the financial services industry with a particular focus on retirement accounts. Before Honest Dollar, Yoshida, a certified financial planner, had also founded MY Group LLC, a $2.6 billion assets under management retirement […]

50/50 Women on Boards Launches Austin Chapter to Advocate for More Women on Corporate Boards

Texas has 267 companies on the Russell 3000 Index and only 23 percent of them have women on their boards of directors, according to the 50/50 Women on Boards Gender Diversity Index. And only 13 of them are gender balance where they have 50 percent women and 50 percent men on their boards. Those figures […]

Creating a Pipeline of Data Scientists is Key to San Antonio’s Future

By LAURA LOREK, Publisher of Silicon Hills News Like the California gold miners of yesteryear, San Antonio leaders are betting big on a new type of mining to bring the city good fortunes. It’s data mining. The world is awash in big data and businesses, government, and the military all want to hire data scientists […]

San Antonio Hosts its Sixth Annual Startup Week

The sixth annual San Antonio Startup Week is taking place this week and next at various venues downtown. Events are being held in person and run Monday through Friday. The sponsors include 80/20 Foundation and USAA. A full schedule of events can be found on the San Antonio Startup Week website San Antonio Startup Week features […]

Olea Edge Analytics Closes on $35 Million in Funding

Olea Edge Analytics, a water monitoring system for utilities, announced it has closed on $35 million in funding. Insight Partners, a private equity and venture capital firm based in New York, led the Series C funding round. Austin-based Olea plans to use the funds to further develop its artificial intelligence and edge computing-based solutions to […]

San Antonio-based Pathwire Bought for $1.9 Billion by Sinch

In a big win for San Antonio’s technology industry, a Swedish company is buying Pathwire, an email delivery platform spun off from Rackspace, for $1.9 billion. Sinch AB, based in Stockholm, Sweden, announced last week that is acquiring Pathwire and its Mailgun, Mailjet and Email on Acid products, used by more than 100,000 developers and […]

Tesla is Moving its Headquarters to Austin, but it’s Also Generating Energy in Texas and Launching Vehicle Insurance

Tesla is moving its headquarters from Palo Alto to Austin. Elon Musk, Tesla Founder and CEO, made the announcement at Tesla’s 2021 shareholders meeting, which was held in Austin at Tesla Gigafactory under construction in eastern Travis County and broadcast on YouTube. In July of 2020, Musk announced plans for its $1.1 billion Giga factory […]

Austin’s Banyan Water Sees Water Conservation as the Most Critical Resource Issue Facing the U.S.

Banyan Water, a water management system, seeks to save companies money and conserve water. Gillan Taddune, Banyan Water’s Chief Executive Officer, recently spoke with Silicon Hills News on its Ideas to Invoices podcast about how companies and institutions should be monitoring their water usage to detect leaks and other problems before they get out of […]

Austin Startup Week Panel Discusses the Growing FemTech Industry and the Impact of Texas’ Restrictive Abortion Law

FemTech, which includes everything from menstrual products to telehealth services, is an industry that growing rapidly globally. Austin Startup Week hosted a panel discussion Wednesday with innovators from across the country to talk about telehealth services and the FemTech industry. Women’s telehealth is bridging the gaps of access, said Shawna Butler, a registered nurse, who […]

Texas and Austin See Record Levels of VC Funding in 2021 and it’s not Slowing Down

U.S. Venture Capital is on pace to double from last year’s record levels of $156.2 billion invested in 12,254 deals nationwide, according to Pitchbook-National Venture Capital Association Venture Monitor data. Already, at the end of the first quarter of 2021, 7,000 companies have raised more than $150 billion in funding. “2021 is definitely going to […]

The 11th Annual Austin Startup Week Kicks Off

The 11th-annual Austin Startup Week takes place Monday through Thursday this week. The Monday women in technology event, however, was rescheduled because of outages on the Internet throughout the day, according to event organizers. Because of the COVID-19 pandemic, the event is primarily taking place online, although some in-person happy hours and other events have […]

Austin Engineers Create MoToGo as a Solution to Last-Mile Delivery Problems

In Austin, a group of engineers has created a solution to the problem of last-mile delivery. It’s MoToGo, an at-home system for packages. MoToGo has a vision of a future where the delivery of goods is affordable, simple, secure, equitable, and sustainable, said David Ruth, CEO and Co-Founder of MoToGo, based in Austin. The system […]

LOOP Lands $21 Million in Funding to Expand AI-Driven Auto Insurance

A few weeks ago, LOOP, a new car insurance company, launched in Texas. And now, LOOP has announced it has closed on a $21 million Series A funding round co-led by Foundry Group and 01A, the fund of former Twitter CEO Dick Costolo and COO Adam Bain. The round includes participation from existing investors in […]

Ferry is Launching in Austin to Make Short-Term Electric Vehicle Leasing Easy and Affordable

Electric mobility should exist for everyone, said Kristian Russell, Chief Executive Officer and Founder of Ferry. That’s why he created Ferry. “Upgrading your car with Ferry is as easy as upgrading your phone,” Russell said.  Ferry, based in Austin, uses an app-based platform to handle all the transactions of leasing an electric vehicle for 6 […]

Benish Shah Gives Startup Advice on the Ideas to Invoices Podcast

Benish Shah, a go-to-market strategist, specializes in growing companies via brand, revenue, and product. She’s worked across tech, media, and consumer packaged goods. A licensed lawyer, she’s been published in Forbes, Refinery29, and more. She is also the author of two children’s books. Shah co-founded and served as CEO of a fashion tech startup. She […]

With Austin-Made Infineon Chips Onboard, Volkswagen’s ID.4 Tries for a World Record for Longest Roadtrip in an Electric Vehicle

A blue Volkswagen ID.4 rolled into Austin on Friday on a quest to break a Guinness World Record for longest road trip in an electric vehicle. “This world record should demonstrate that an EV engine car can perform the same as a combustion engine car,” said Rainer Zietlow, a professional driver who holds several electric […]

MOVE America Comes to Austin Sept. 28-29th

MOVE America, a global mobility event, will be held in Austin at the Palm Events Center on September 28th and 29th. Silicon Hills News readers are being offered a free pass. Just use the code SHN100 on checkout. The event features more than 100 sponsors and exhibitors on the expo floor and more than 100 […]

Sana’s CEO Discusses the Effect of the Pandemic on its Business

Austin-based Sana is a healthcare startup that provides health insurance plans as an alternative to big insurance providers like Aetna, Anthem Blue Cross Blue Shield, United Healthcare, Cigna, and Humana. It competes with them by providing insurance that is, on average, 30 percent cheaper. Will Young, CEO and Co-Founder of Sana, recently answered questions about […]

Flippa Raises $11 Million to Match Sellers with Buyers of Online Businesses and Digital Assets

The Internet has enabled all kinds of new businesses from blogs to shops to apps to flourish. Many of those businesses pull in revenue from consumers, advertisers, affiliates, and more. To help match business sellers with buyers, Flippa created an online marketplace for businesses and digital assets. And on Monday, the company announced it has […]

Sante Ventures Raises $260 Million for its Fourth Fund

Sante Ventures, an early-stage healthcare, and life sciences investment firm, announced it has raised $260 million for its Fund IV. The Austin-based investment firm plans to invest the funds in building a portfolio of 15-25 investments across biotech, health tech, and medtech businesses that demonstrate the genuine potential to deliver better health outcomes at lower costs.  […]

Self Financial Raises $50 Million in Funding

Self Financial announced it has raised $50 million in additional funding. The Austin-based fintech company has raised $127 million to date, including $40 million in funding last December. The Series E round of funding was led by Altos Ventures with participation from Meritech Capital and Conductive Ventures. The company plans to use the funds to […]

Rocket Dollar Gets $8 Million in Funding for its Retirement Investment Platform

Rocket Dollar, a self-directed retirement platform, recently closed on $8 million in funding. The Austin-based fintech company, founded in 2017, allows people to use self-directed retirement accounts to make a wide variety of investments in alternative assets like real estate, startups, private equity, cryptocurrency, and more. Park West Asset Management led the Series A financing […]

Loop Launches in Texas to Bring Fairer Insurance Rates to Drivers

Car insurance that relies on credit scores, homeownership, and demographic data has a lot of structural bias baked into it, said John Henry, co-founder, and co-CEO of Loop. “A lot of the pricing is based on demographic factors,” Henry said. “If you look at the rate filings of the top ten carriers, a credit score […]

Walmart teams up with Ford and Argo AI to Deliver Groceries via Autonomous Vehicles in Austin

Walmart may soon be delivering groceries in Austin via a driverless car. The grocery store giant announced Wednesday that it is teaming up with Ford Motor Co. and Argo AI to launch an autonomous vehicle delivery service in Austin, Miami and Washington, D.C. Walmart will use Ford self-driving test vehicles equipped with Argo AI self-driving […]

How Technology Plays an Increasing Critical Role in the Future of Philanthropy

By SIMON RYCRAFT, author of Negotiation Hacks and Founder at Hacks Capital, special contribution to Silicon Hills News Philanthropy has received increased press and interest in the last few months, be it the news that MacKenzie Scott has donated over $6.9 billion of her personal fortune to charity since the beginning of 2020 or the […]

Colossal Launches with $15 Million in Funding to Genetically Engineer Woolly Mammoths to Restore the Arctic Wilderness

Thousands of years ago, amid a warming climate, the woolly mammoth vanished into extinction. Now, serial entrepreneur Ben Lamm is teaming up with world-renowned geneticist and serial biotech entrepreneur George Church, Ph.D., to bring the woolly mammoth back to life. That’s the mission behind Colossal, a bioscience and genetics company co-founded by Church and Lamm […]

UT Spinout GenXComm Lands $20 Million in Funding to Develop Technology for Private Cellular Networks

GenXComm, a telecommunications startup spun out of the University of Texas at Austin, announced it has raised $20 million in funding. Motive Companies led the Series B round with participation from Rain Next-Gen Communications and existing investor BMW iVentures. The Austin-based company plans to use the funding to accelerate its product development and commercial launch of […]

Eventus Systems Closes on $30 Million in Funding

Eventus Systems, an Austin-based trade surveillance provider for major digital asset exchanges, announced it has closed on a $30 million round of funding. Centana Growth Partners led the Series B funding which included participation from DRW VC, CMT Digital, Jump Capital, LiveOak Venture Partners and several new strategic investors. The company plans to use the […]

RealWork Labs Lands $2.5 Million for its Software that Helps Home Service Providers Attract New Customers

While building a tiny home in Austin last March, Rusty Fincke turned to his neighbors and friends to find an electrician. “I was using Nextdoor and asking friends for referrals,” he said. That sparked the idea for RealWork Labs, which creates lead generation marketing software for the home services industry. Fincke joined with Pierce Birkhold, […]

Firefly Aerospace Launches its Alpha Rocket and Then it Explodes

Firefly Aerospace launched its first rocket, Alpha, and then it experienced an “anomaly” and exploded once it reached supersonic speed. “Alpha experienced an anomaly during the first stage ascent that resulted in the loss of the vehicle,” Firefly posted to Twitter. The company, which is based in Cedar Park, launched its 95-foot tall Alpha rocket […]

Serial Entrepreneur Andrew Eye Discusses’s $34 Million in Funding and its Technology on the Ideas to Invoices Podcast, a healthcare technology startup, recently raised $34 million in funding. The Austin-based company plans to use the funding to hire additional staff and to further develop its data science platform for the healthcare industry. Andrew Eye,’s CEO and Co-Founder, recently sat down for an interview with the Ideas to Invoices podcast to talk […]

ICON Raises $207 Million in Funding to Build Houses on Earth and in Space

ICON, the Austin-based startup that builds homes with its giant 3-D printers using concrete as substrate, has four large-scale 3-D home printers and it has tens of thousands of requests for homes. “It’s sometimes heartbreaking but you have to decide what to say yes to and what to say no to,” said Jason Ballard, Co-Founder, […]

COVID-19 and its Variants Put the Kibosh on Austin Companies Plans to Go Back to the Office

By LAURA LOREK, publisher of Silicon Hills News It’s a difficult landscape for employers and employees to traverse right now in Austin and throughout Texas as COVID-19 and its delta variant spreads rapidly leading to a surge of infections. The loss of life and increase in illnesses also have a profound effect on Texas’ economy. […]

109 Austin Companies Make Inc. 5000 2021 List of Fastest-Growing Private Companies

In Austin, 109 companies made the Inc. 5000 2021 list of the fastest-growing private companies in the country. Overall, the Austin companies on the list had a 183 percent median growth rate, $3.9 billion in total revenue, and added 8,312 jobs. The list includes 12 newly founded companies and 62 repeat honorees. Empowering a Billion […]

Austin-based LawnStarter Acquires Lawn Love

As the grass grows, so does the lawn care industry. And this week, two lawn care startups combined to create an even bigger company to tackle the problem of keeping lawns tidy. Austin-based LawnStarter acquired San Diego-based Lawn Love. The financial terms of the cash and stock deal weren’t disclosed. “The combination of LawnStarter and […]

Eterneva Lands $10 Million to Help People Grieve by Making Diamonds From Cremated Ashes

The Covid-19 Pandemic has killed more than 611,000 people in the United States including 53,000 in Texas. In many cases, during the last year, families were not able to gather for in-person funerals to celebrate the lives of their deceased relatives because of lockdowns and restrictions around the Pandemic. Some of those families turned to […]

From Coffee to Computers, Trade Ties Between Texas and Panama are Strong

The Texas and Panama story continues to evolve, said Juan B. Sosa, U.S. president of the Panama Council. “It’s a new era of trade, investment, and cooperation,” Sosa said during the Panama-Texas Business Summit on Monday at the Hotel Marriott Downtown. It’s one of the first in-person international summits to be held since the COVID-19 […]

Capstar Ventures Raises $41.3 Million Inaugural Fund to Invest in Innovative Consumer Companies

Capstar Ventures L.P., an early-stage venture capital firm, announced last week that it has closed on its $41.3 million inaugural fund. The Austin-based VC firm founded by Kathryn Cavanaugh in 2019, invests nationwide in innovative consumer companies. Capstar raised the fund from individuals, family offices, and institutions including Capital Creek Partners, Tiger Partners L.P., and […]

Package Delivery Service Fetch Lands $50 Million to Expand to New Markets

Fetch, a last-mile package delivery service aimed at apartment dwellers, announced last week it has closed on $50 million in funding. Ocelot Capital led the Series C round of funding along with Greenpoint Partners, Alpaca VC, and Rose Park Advisors. Existing investors Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures, and Seamless also […]

REE Automotive Picks Austin for its U.S. Headquarters

REE Automotive has chosen Austin for its U.S. headquarters. The Israel-based automotive company is establishing its first center for the assembly and testing of its electric vehicle platforms in Austin. The center is expected to create 150 jobs. The company is exploring collaborations with Koch Industries companies to establish the center. Koch Strategic Platforms, a […]

Austin’s CS Disco Becomes a Public Company Valued at $2.4 Billion

CS Disco became a public company last week debuting on the New York stock exchange under the stock symbol LAW. The Austin-based legal tech company offered its stock at $32 a share and raised $224 million from its Initial Public Offering. And when the stock began trading on Wednesday it “opened at $42.26 and closed […]

From a Cold Email to an IPO: DISCO, a Story of Domain Strength, Grit, Collaboration, and Serendipity

By Krishna Srinivasan, Chairman of the Board, DISCO and co-Founding Partner, LiveOak Venture Partners In October 2013, we received a cold email – it had all the elements on first glance that begged to be ignored.  The email came from a person named “CeCe” who talked about a founder called “Kiwi” and a company called “DISCO” […]

Bright Machines Expands to Austin with new Regional Office and Robotics Lab

Bright Machines announced plans to open a new regional office and lab in Austin. The company, based in San Francisco, is not moving to Austin. Instead, it is opening a new San Francisco headquarters in August. Bright Machines is opening a customer support center and robotics lab in Austin. “The new locations signal a continued […]

Austin-based Bandit Acquired by GoPuff

GoPuff, a Philadelphia-based snack, and beverage delivery company, has acquired Austin-based Bandit, the App-only coffee shop founded by early Uber employee Max Crowley. Bandit, founded in 2019, relocated its headquarters from New York to Austin in September of 2020 because it offered the startup an opportunity to experiment with curbside and drive-through technology in a […]

LitLingo Raises $7.5 Million for its AI-Powered Business Communications Platform

LitLingo, which makes specialized software that allows businesses to monitor and correct real-time communications, announced that it has raised $7.5 million. Breyer Capital led the Series A round of funding with participation from former IBM CEO Sam Palmisano and existing investors LiveOak Venture Partners, Clarke Nobiletti and James Marsico. To date, LitLingo has raised $9.5 […]

The U.S. Air Force Selects Hypergiant and 28 Other Companies for a $950 Million Contract

The U.S. Air Force has named Hypergiant Galactic Systems and 28 other companies as awardees on a potential $950 million contract, according to GovConWire. The contract is to build and operate systems across land, air, sea, space, electromagnetic spectrum and cyber domains as part of the Joint All Domain Command Control program. The companies will […]

Tesla Energy, Brookfield, and Dacra Create the First Tesla Solar Neighborhood in Austin

Not only is Tesla building a $1.1 billion Gigafactory in Austin to make trucks and other vehicles, but Tesla Energy is also creating a solar-powered local neighborhood. Last week, Tesla Energy announced the first Tesla Solar neighborhood called SunHouse at Easton Park, 12 miles east of downtown Austin. Tesla is working with Brookfield Asset Management […]

Legal Tech Startup CS Disco Files to go Public

CS Disco, a legal tech startup, filed papers with the U.S. Securities and Exchange Commission for an initial public offering of stock. The Austin-based company did not set a date to go public or a price for its shares, which will be traded under the stock ticker “LAW.” CS Disco plans to use the proceeds […]

Sana Partners with Proactive MD to Open a Health Care Clinic in Austin

Skyrocketing health care costs is a problem Sana, a health care startup, has set out to solve since its founding in 2017. Recently, the Austin-based company took another step in that direction by announcing a partnership with Proactive MD to open a primary health care center, Sana MD in Austin. With the center, Sana and […]

Homeward Raises $371 Million and Plans to Expand Into New Markets and More than Triple Employees to 1,000 by Next Year

Austin-based Homeward Raises $371 Million in Funding and Plans Major Expansion and Hiring Spree

Outdoorsy Raises $120 Million in Financing and Launches Roamly, its Insurance Division

Outdoorsy, an RV rental marketplace, raises $120 million and launches Roamly, an insurance technology product with plans to expand into Europe.

Bringing the Commercial Real Estate Industry into the 21st Century

By Kenny Tomlin, Founder and Executive Chairman of AnthemIQ It’s difficult to believe that the Commercial Real Estate (CRE) industry has continued to operate in essentially the same manner the past 15 years, considering how much technology has advanced and significantly improved most industries. Yet, even the most technically savvy brokers still run their business […]

SKU and Naturally Austin Select 10 Startups led by Diverse Founders for new SKU M/O Track

SKU, the consumer packaged goods accelerator, along with Naturally Austin, have selected ten companies to participate in its SKU M/O track that focuses on diversity and inclusion. SKO M/O kicks off on June 3rd. The accelerator provides education and mentorship to diverse founders. It’s a combination of Naturally Austin’s Fellowship program and SKU’s accelerator curriculum. […]

Cognite Closes on $150 Million in Funding

Cognite, an industrial software as a service company that has its U.S. headquarters in Austin, announced this week that it has closed on a $150 million investment round. That funding round values the company at $1.6 billion, earning the company’s unicorn status. TCV, a private equity firm, led the round in Cognite, founded in 2017, […]

Hearth Closes on $23 Million in Funding

Austin-based Hearth, a financial platform for home improvement contractors, announced this week it has raised $23 million. Human Capital, a San Francisco-based venture firm, led the Series B funding round. Other investors include 8VC, Suro Capital, Jay Levine, Barry Sternlicht, and The Chainsmokers. To date, Hearth, founded in 2018, has raised $51 million. Previous investors […]

Austin’s Workrise Raises Another $300 Million in Funding

In October of 2019, RigUp closed on a $300 million funding round led by Andreessen Horowitz, a16z to expand its marketplace for energy workers. A lot has changed since then. This week, the startup, now called Workrise has announced another $300 million funding round. This time led by Baillie Gifford, an existing investor. In addition […]

Fresh Consulting Expands to Austin

Dean Kakridas remembers the old Austin tech scene. And by old, he is talking about 2003 when he landed here. But he’s also spent time in Europe, Asia, and Silicon Valley. For the past 18 years, he’s worked in a variety of roles and has seen Austin’s technology scene mature and expand. During that time, […]

Realty Austin Expands to San Antonio

Founded 17 years ago, Realty Austin has seen tremendous growth. The husband-and-wife team of Jonathan and Yvette Boatwright have developed the company into the number one independent brokerage in Central Texas. In the beginning, Jonathan worked at Microsoft at the time Yvette was starting her real estate business. Together, they focused on the technology behind […]

Enterprise Software Veteran Mike Betzer Becomes CEO of Hypergiant Industries

Hypergiant Industries on Tuesday announced it has hired Mike Betzer as its new President and CEO. Ben Lamm, co-founder and former CEO of Hypergiant Industries will become the company’s vice-chairman. Hypergiant Industries, founded in 2019,  is bringing Betzer on as it continues to go through an aggressive period of growth, according to a company news […]

AnthemIQ Raises $10 Million to Expand its Real Estate Platform

AnthemIQ announced Monday that it has closed a $10 million venture capital round. The Austin-based real estate transaction platform reported the Series A round was led by Staubach Capital with participation from other investors. The company plans to use the funds raised on rapid growth and expansion, according to Kenny Tomlin, its Co-Founder and Executive […]

Rocket Maker Firefly Aerospace Lands $75 Million in Funding and Becomes Austin’s Latest Unicorn

Rocket maker Firefly Aerospace has landed $75 million in venture capital funding, giving it a $1 billion valuation, making it Austin’s latest Unicorn. The company’s Series A funding round was led by DADA Holdings, with participation by Astera Institute, Canon Ball LLC, Reuben Brothers Limited, SMS Capital Investment LLC, Raven One Ventures, The XBTO Ventures, […]

Ingrid Vanderveldt is on a Mission to Empower One Billion Women and She’s Also Expanding her Enterprises in Austin

Empowering a billion women is Ingrid Vanderveldt’s mission. She created EBW to reach one billion women across the globe and help them start and scale ventures. EBW does that by developing women entrepreneurs through mentorship, education, and community. “That is the WHY we exist,” Vanderveldt said during a recent interview for the Ideas to Invoices […]

Virdee Lands $4 Million for Contactless Digital Solutions

During a pandemic, the movement to contactless interaction with customers and safety is of paramount importance. Virdee, an Austin-based startup, created a solution for businesses to provide digital check-in and virtual concierge services for customers in the hospitality and commercial real estate industries. It’s a timely product for hotels, apartments, condos, residential halls, and offices. […]

Austin-based Living Security Pivots and Finds Success Online

Before the COVID- 19 Pandemic, Living Security received 50 percent of its revenue from in-person cybersecurity training events. But those events came to an abrupt halt. Yet, within six weeks, Ashley Rose, co-founder and CEO, and her team pivoted the company to online training and created Teams: CyperEscape Online to replace its Escape Room product, […]

SHN’s Tech Talk Tuesday on Clubhouse to Feature Morgan Flager, Partner with Silverton

Every Tuesday at 2 p.m. Silicon Hills News hosts a tech talk featuring a local speaker. This Tuesday, April 20th at 2 p.m., Morgan Flager, general partner of Silverton Partners, will join the Silicon Hills Tech Talk Club to discuss startups and venture capital funding in Austin. A few years ago, Silicon Hills News did […]

The Zebra Becomes a Unicorn and Raises $150 Million

The Zebra, an insurance comparison site, announced it has raised $150 million, giving the company a valuation of more than $1 billion. The Zebra, founded in 2012, has raised $251.3 million to date including $38.5 million last February. The Series D round came from new and former investors including Weatherford Capital and Accel, according to […]

Austin-based Intrigue Lands $2 Million in Venture Funding to Protect Companies from Cybercriminals

Phishing, malware, and ransomware are increasingly becoming problematic for businesses as more employees work from remote locations and open them up to attack. Cybercriminals can disrupt a business costing it time and money and putting its customers’ data and privacy at risk. Intrigue, an Austin-based cybersecurity startup, is focused on protecting companies from attacks. On […]

KdT Ventures Raises $50 Million Fund to Invest in Early-Stage Science Companies

Austin-based KdT Ventures announced a new $50 million fund to back early-stage science companies. This is the company’s second fund. In 2017, KdT closed on a $15 million inaugural fund. The firm made 18 investments with that fund in early-stage science companies including PathAI, 54Gene, Checkerspot, Dyno Therapeutics, Terray, and Solugen. KdT Ventures’ Fund II […]

Wisconsin Cheese’s Virtual Event With Nick Offerman is a hit at SXSW

By Laura Kobylecky, Special Contributor to Silicon Hills News This year, like many conferences, South by Southwest transformed into an online experience and became SXSW Online 2021. As a result, brands were unable to do their usual level of in-person experiential market events. However, Wisconsin Cheese made an effort to bring some of their usual […]

The End of an Era: Bob Metcalfe set to Retire from The University of Texas at Austin

Bob Metcalfe wanted to make Austin and Texas into a better Silicon Valley. “My work here is done,” Metcalfe said. In the last decade, Metcalfe has made it his mission to ignite the startup and technology community in Austin and across Texas in what he often jokes are Austin’s suburbs of San Antonio, Houston, and […]

The Hunt for Planet B Focuses on Using the James Webb Space Telescope to Search for Life in the Cosmos

The James Webb Space Telescope is the most powerful, complex, and expensive space telescope ever built. The $8.8 billion telescope is at the center of the new documentary “The Hunt for Planet B” which had its world premiere at the South by Southwest Film Festival. The film follows a group of scientists, most of them […]

holoride Takes Home Best in Show at SXSW Pitch Event

South by Southwest Saturday announced the winners of the 13th annual SXSW Pitch event. It took place on March 17 and 18th as part of the SXSW Online digital experience. Judges chose 8 winners from each of the categories and a “Best In Show” winner, holoride, as well as awarding “Best Bootstrap” to Refiberd, “Best DEI” to Sisu […]

HEB’s Favor Expanded Rapidly to Meet Texas’ Needs During the Pandemic

When the pandemic hit Texas last year, Favor, H-E-B’s on-demand delivery service, expanded into 75 new towns and cities in a week at the end of March, said Jag Bath, the company’s CEO. “Favor was very quickly able to expand into towns and cities that had no on-demand delivery services,” Bath said In comparison, in […]

SchooLinks Lands $8.3 Million to Expand its College and Career Readiness Platform

SchooLinks, a college and career readiness platform, landed $8.3 million in funding last week. LiveOak Venture Partners led the Series A round with participation from SJF Ventures and Juvo Ventures. Katie Fang founded SchooLinks in 2014 in Los Angeles and moved the startup to Austin a year later. Forbes selected her as a Forbes 30 […]

WeWork Documentary Debuts at SXSW Providing Entertaining Insight Into the Company’s Bizarre Inner Workings

WeWork is one of the greatest Icarus stories of modern business history and it ties in everything from bubbles to capital to startup culture, according to Randall Lane, editor of Forbes. “It’s got it all,” Lane said. WeWork, a real estate company, skyrocketed to a $47 billion valuation and then nosedived to near bankruptcy within […]

AlertMedia Receives a big Investment From Vista Equity Partners

AlertMedia announced last week that it has signed an agreement to receive a significant growth investment from Vista Equity Partners. The amount of the investment was not disclosed. An article in Fortune estimated the investment by Austin-based Vista Equity Partners at $400 million. AlertMedia, which has 200 employees, plans to use the infusion of capital […]

Austin’s TurnKey Vacation Rentals is Bought by Vacasa

Austin-based TurnKey Vacation Rentals is being bought by Portland, Oregon-based Vacasa, a competing vacation rental management platform. The financial terms of the acquisition were not disclosed. Turnkey, founded in 2012, had raised $120 million in venture capital. Vacasa has raised $639.5 million to date, including a $108 million Series D round last June, according to […]

Austin-Based Dosh is Sold to Cardlytics for $275 Million

Dosh, an Austin-based cashback offers platform, has been acquired by Atlanta-based Cardlytics for $275 million in cash and stock. Dosh, founded in 2016, had raised $96 million in funding from investors including PayPal, Goodwater Capital, Next Coast Ventures, Chetrit Ventures, and Extol Capital. Dosh created an app that allowed consumers to get cashback on all […]

SpaceX’s Starlink Division Plans to Build a Manufacturing Plant in Austin

Starlink, a division of SpaceX, is building a new manufacturing plant in Austin, according to a job posting by the company. Starlink is developing a broadband Internet system enabled by a constellation of low Earth orbit satellites providing service to those in rural communities and places where existing services are too expensive or unreliable, according […]

Bumble’s Stock Soars on its First Day of Trading

Bumble, the Austin-based dating and networking app, raised $2.2 billion on Thursday when its stock debuted on the Nasdaq stock exchange at $43 a share. The stock, traded under the symbol BMBL, soared nearly 64 percent on its first day of trading to close at $70.31. Bumble’s Initial Public Offering also made its founder and […]

Techstars Austin Selects 10 Startups for its 2021 Program

Techstars Austin has selected ten startups to participate in its 2021 accelerator program which kicked off this month. The companies include BallBox, Enlightapp, Fêtefully, hampr, Kousso, Livo, Mowies, Nutritional Freedom, SocialMama and Talk Howdy. The program began on Jan. 11th and will end on Demo Day scheduled for March 24th as a virtual event. “As […]

SKU Selects Seven Startups for its 9th Cohort in Austin

 SKU, an Austin-based consumer packaged goods accelerator, announced it has picked seven companies to participate in its ninth cohort. SKU selected the companies based on their innovative products, market traction, and founders’ passion. The Track 9 companies are Agua Bonita,  American Provenance, BeeFree Gluten Free, Green Girl Bakeshop, Macro Snacks, Shaz & Kiks, and Waka […]

Austin-based Bumble Files to Go Public

Austin-based Bumble, the networking and dating app founded by Whitney Wolfe Herd in 2014, has filed to go public. The company filed its initial public offering documents with the Securities and Exchange Commission on Friday. It did not provide details on the price of its stock, which will be traded under the symbol BMBL on […]

Digital Realty Moves Headquarters from San Francisco to Austin

Digital Realty, a company that operates data centers worldwide, announced plans Thursday to relocate its corporate headquarters from San Francisco to Austin. It is the latest company to pull up stakes and move operations from California to Texas. Among them, Oracle announced last month that it plans to move its headquarters to Austin. And Hewlett […]

DivInc Announces Nominees for its Third Annual Champions of Change Awards in Austin

DivInc, the nonprofit accelerator focused on fostering diverse startups, has announced the finalists for its third annual Champions of Change Awards. The virtual event will take place online on March 4th. DivInc’s 2021 event has a goal to raise $100,000 for its “2021 Social Justice Innovation Program which supports social justice innovators addressing inequities and […]

Joe Lonsdale Wants to Build a new Tech City Near Austin and a Tunnel Transportation System to Develop an Even Bigger Tech Hub

An experimental Beta City on the outskirts of Austin with transportation tunnels, autonomous vehicles, robots, flying drones, smart buildings, and all the latest technology applications. That’s the vision of Joe Lonsdale, an entrepreneur, investor, and philanthropist, who recently moved 8VC, an investment firm, and The Cicero Institute, a public policy think tank, to Austin. He […]

Hypergiant Adds High-Profile Executive Abidali Neemuchwala to its Advisory Board

Hypergiant, based in Austin, has brought on board Abidali Neemuchwala, former Wipro CEO, to its executive advisory board. The addition Neemuchwala, who oversaw $8 billion in revenue and 185,000 at Wipro, is a “vital step in growing Hypergiant into a $1 billion business, according to Ben Lamm, the company’s Co-Founder, and CEO. “I’ve been so […]

Aceable Receives $50 Million in Funding

Aceable, based in Austin, announced last week that it has closed $50 million in funding. Private equity firm HGGC, based in Palo Alto, led the investment. Aceable, founded in 2012, as an online driver’s education site, has since it expanded its offering to provide other state-accredited courses on its digital learning platform. So far, Aceable […]

LiveOak Venture Partners’ Second Annual Giving Program Raises $200,000 for Local Nonprofits

A year ago, LiveOak Venture Partners launched a giving program to support Austin-area nonprofit organizations. The LiveOak Gives Program raised $174,000 for charities in 2019. “We’ve all been active, as partners in contributing back, whether it’s monetarily or non-monetarily,” said Venu Shamapant, co-founder and partner in LiveOak Venture Partners. Krishna Srinivasan, co-founder and general of […]

Active Capital Raises Second Fund Worth $25 Million

Active Capital recently announced it has closed on its second fund worth $25 million. A year ago, the San Antonio-based venture capital firm raised a $21.5 million fund. Both funds are focused on providing seed-stage capital to business to business software as a service companies, known as B2B SaaS companies located outside of Silicon Valley, […]

Uhnder Raises $45 Million for Digital Radar Technology

Uhnder, a digital automotive chip maker, announced recently that it has raised $45 million in additional funding. The Austin-based startup has raised more than $145 million in funding to date. Its latest round was led by its newest customer and partner Sensata Technologies. It also included participation by new and existing investors. Sensate plans to […]

Self Financial Raises $40 Million in Funding

Self Financial announced it has closed on $40 million in additional financing. The Austin-based fintech startup has raised $77 million to date, including $20 million raised in February. Meritech Capital led the latest round with participation from existing investors including Altos Ventures, Conductive Ventures and Silverton Partners. Despite the Pandemic, Self has seen its customer […]

DISCO Raises $40 Million More in Debt Financing

DISCO, the legal tech startup, announced Thursday that it has raised an additional $40 million in debt financing from Comerica. In October, Austin-based DISCO announced it had raised $60 million in equity funding. In total, the company raised $100 million during the fourth quarter, bringing its total funding raised to date to $235 million. That […]

Oracle Moves its Headquarters from Silicon Valley to Austin, Texas

Oracle is moving its headquarters from Silicon Valley to Austin, Texas. “We recently announced that Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood Shores, California to Austin, Texas,” according to a statement from the company. “We believe these moves best position Oracle for growth and […]

The Austin-San Antonio Corridor Could Become one of the World’s Top 10 Tech Regions, says Lanham Napier, CEO of BuildGroup

Lanham Napier led Rackspace as CEO for 13 years. Under his leadership, the company grew from $1.5 million in revenue to more than $1.5 billion in revenue and more than 6,000 employees. When he left Rackspace, he launched his next venture, BuildGroup, a venture capital firm in Austin, which is also his hometown.   Napier, […]

ZenBusiness Raises $55 Million for its One-Stop Business Platform for Small and Medium-Sized Businesses

ZenBusiness, an online platform to help small businesses incorporate and stay compliant with regulators, announced Thursday that it has raised $55 million in additional funding. To date, the Austin-based company, founded in 2017, has raised $74.5 million. Cathay Innovation led the Series B round with participation from Great Point Ventures, Breyer Capital, and Omega Venture […]

Point Health Acquires Austin-Based The Karis Group

Point Health, a digital health startup, announced plans to acquire Austin-based The Karis Group, a patient advocacy bill negotiation service. Austin-based Point Health did not disclose the terms of the deal. The Karis Group, founded in 1996, brings decades of pricing data, healthcare navigation, and bill negotiation experience to Point Health, according to a news […]

ActivTrak Raises $50 Million to Expand its Employee Monitoring Software Platform

ActivTrak, which makes employee monitoring software, announced it has raised $50 million in funding. The Austin-based startup plans to use the funds raised on sales and marketing, engineering to expand its platform with analytics and data to provide insights on digital workers. Sapphire Ventures led the Series B funding round with participation from Elsewhere Partners. […]

Slingshot Aerospace Raises $8 Million in Funding

Slingshot Aerospace announced last week that it has raised $8 million in funding. ATX Venture Partners led the Series A round. To date, Slingshot Aerospace has raised $17.1 million. Other investors in the round include Revolution’s Rise of the RestSeed Fund, Techstars Ventures, and Okapi Venture Capital and several angel investors. “Slingshot Aerospace is providing government and […]

Procore Technologies Buys Austin-based Esticom

Procore Technologies increased its footprint in Austin last week with its acquisition of Esticom, an Austin-based estimating software company. Procore, which has more than 500 employees in Austin, makes construction management software. Its acquisition of Esticom will allow the company to add estimating to its Procore platform, which general contractors and specialty contractors use to […]

OJO Labs and Sana Benefits and Other Austin Tech Companies Declare Election Day a Company Holiday

During the pandemic, the latest perk for local and national tech companies is a paid holiday on election day. OJO Labs, Sana Benefits and Dell Technologies are among the Austin-based tech companies allowing employees time off to vote. They have joined more than 1,850 businesses nationwide that have partnered with Time to Vote to encourage […]

Eagle Eye Networks Closes on $40 Million in Funding and Plans to Hire 200 Employees

The demand for video has skyrocketed during the COVID-19 pandemic and it’s not just from people hunkered down over their laptops on Zoom calls. All kinds of businesses from retail stores to gyms and restaurants are embracing video as a way to monitor their environments and maintain security. And that’s been a boon to Eagle […]

Austin’s NSS Labs Shuts Down Abruptly and Lays off All Employees

By LAURA LOREK, publisher of Silicon Hills News NSS Labs, an information security testing company, has shut down operations resulting in more than 40 employees losing their jobs. The Austin-based company posted on its website “Due to Covid-related impacts, NSS Labs ceased operations on October 15th.” “It was unexpected, and it took a lot of […]

MassChallenge Austin Names its 2020 Award Winners

MassChallenge handed out more than $400,000 in equity-free prizes last week to the top startups in its 2020 program. MassChallenge held its event online with a virtual awards ceremony. In fact, the entire four-month accelerator for 58 startups took place online in response to the COVID-19 pandemic. “All of the startups from this year’s program […]

U.S. Justice Department and 11 States Including Texas Sue Google for Alleged Monopolistic Practices

The Justice Department sued Google last week for alleged monopolistic practices and violating antitrust laws. The Justice Department along with eleven state Attorneys General, including Texas, filed the civil antitrust lawsuit in U.S. District Court for the District of Columbia. The lawsuit seeks to restrain “Google from unlawfully maintaining monopolies in the markets for general […]

RVshare Lands $100 Million in Funding

Want to take to the open road in an RV, but don’t want to plunk down all the money to buy one? That’s the problem RVshare solves. The Austin-based company hooks RV owners up with people who want to rent them. And while the pandemic has punished a lot of businesses, it has been a […]

Northwest Arkansas Technology Summit Features Austin’s Kerry Rupp with True Wealth Ventures

Kerry Rupp, a general partner of True Wealth Ventures in Austin, is one of the featured speakers at the 2020 Northwest Arkansas Technology Summit, which kicks off on Sunday. The event is being held online from October 18th through October 21st. (Full disclosure – the Greater Bentonville Area Chamber of Commerce, that puts on the […]

Xebec Launches During the Pandemic and Overcomes Many Obstacles to Sell $2.3 Million in Six Months

In 2017, Alex Levine found himself working on a 12-inch laptop at a client’s office in New Jersey and he wanted a better setup like the big monitors at his home office. “For me, one thing that I found that was a big hole in my travel lifestyle was I couldn’t bring my beautiful home […]

DISCO Raises $60 Million in Funding and Plans Further International Expansion

DISCO, which makes software for the legal industry, announced this week that it has raised $60 million in additional funding. The startup, which moved to Austin in 2018 from Houston, has raised $195 million to date. Georgian Partners led the latest round of funding. Existing investors Bessemer Venture Partners, LiveOak Venture Partners, and The Stephens Group all participated, and […]

OJO Labs Acquires Digs and Enters the Real Estate Fintech Market

OJO Labs has acquired Digs, a Chicago-based personal finance app that lets people save for a down payment on a home, manage the equity in their home, and monitor their credit score. It’s OJO’s fourth acquisition since launching in 2015. The financial terms of the deal were not disclosed. With the acquisition of Digs, OJO […]

Austin’s ‘Taste of Koko’ Influencer Jane Ko Perseveres Through the Pandemic

By OMAR L. GALLAGA, Freelance Contributor to Silicon Hills News Jane Ko, the Austin food and lifestyle blogger, needs a break. Ko built her “A Taste of Koko” brand on her website, Instagram and an Austin guide book to she self-published last year, working for 10 straight years to evolve from one of the city’s […]

Greater Austin Chamber Announces 2020 A-List Award Winners

The Greater Austin Chamber of Commerce has announced its A-List award winners for 2020. The A-List winners were revealed during a three-part online series hosted by the Chamber and SXSW on October 7th and 8th. On Wednesday, the Chamber announced its Spotlight Award winners: Daniel Barnes, founder and CEO of Treaty Oak Distilling, Angell Tsang, […]

Google’s Black Founders Fund Awards Three Austin Startups $200,000 in Cash

Three Austin-based startups received a total of $200,000 in cash awards from Google for Startups’s Black Founders Fund. The Austin startups are Laundris Corp., Tankee and Varuna Tech. Google announced Tuesday that 76 startups led by black founders received a total of $5 million nationwide. In addition to the money, the startup founders also receive […]

Austin Startup Crawl Goes Virtual

The 10th Annual Austin Startup Week is in full swing with lots of panels and virtual networking at the virtual venue Hopin. And tonight the first Austin Startup Crawl will take place virtually using a platform called Sococo from 4 p.m. to 6 p.m. “Each startup will have their own room where you can chat […]

Austin Startup Week Kicks off in the Virtual World

Austin Startup Week kicks off Monday with a focus on women in technology. But this year, instead of gathering at Capital Factory in downtown Austin, everyone is joining remotely from home offices everywhere. It’s the 10th annual event and no one could have imagined that a decade later this event would need to take place […]

Austin’s ICON Lands NASA and Air Force Contract to Build Habitats on the Moon and Mars

NASA wants to go to the Moon and Mars and stay there awhile. And it’s contracted with Austin-based ICON to begin research and development of a space-based construction system. ICON is known for its massive 3-D printers that can build a home in less than a day using a concrete substrate. “Building humanity’s first home […]

MassChallenge Austin Announces 12 Finalists for 2020

MassChallenge’s Austin accelerator has announced its top 12 startup finalists for 2020. The startups will compete for $500,000 in cash prizes with winners announced on Thursday, Oct. 22 during a virtual awards ceremony. “While the world continues to settle into the digital environment, business owners, executives, and governments are seeking innovative ways to operate fully, […]

SXSW to Launch an Online Event for 2021

For 2021, South by Southwest is launching SXSW Online. “The challenge of building a new future is one that we’re excited to tackle,” Roland Swenson, CEO, and Co-Founder of SXSW said in a statement. “This has been such a year of change and we, like the entire world, are reshaping our perspective on how we […]

Babson Diagnostics Closes on $13.7 Million in Funding

Babson Diagnostics has closed on $13.7 million in funding. Siemens Healthineers, Prism Ventures, Genesis Merchant Capital, and Lago Consulting Group led the Series A funding. In addition to the funding news, Babson has also appointed David Stein, Ph.D., former head of global strategy and innovation at Siemens Healthineers to CEO. Eric Olson, Babson’s founder, and […]

Austin’s SigmaSense Gets $22 Million in Funding

Austin Startup, SigmaSense just closed on $22 million in funding to make touch screen devices perform better. The company, founded in 2015, received the Series A funding led by Foxconn Technology Group, which is the world’s largest contract manufacturer of electronics with customers like Apple, Dell, and Sony. Other investors participating included Corning, E Ink, […]

Shell Launches Innovation Studio in Austin

To spur innovations in geographic exploration for oil, Shell has launched a new innovation studio in Austin. It’s called Studio X and it launched this month with three initial products focused on the future of exploration and discovery. This is Shell’s first innovation studio in the United States. The company, founded in 1907 as Royal […]

Hypergiant Industries Hires Mohammed Farooq as its new CTO and GM Products

Austin-based Hypergiant Industries, which is focused on creating new products using artificial intelligence for businesses, has hired a heavy-hitter in the software industry, Mohammed Farooq, as its new Chief Technology Officer and GM Products. Farooq also joining Hypergiant Industries’ board of directors. He previously worked as general manager with IBM Global Technology Services where he […]

Jewelry Mogul Kendra Scott Joins Shark Tank as a Guest Shark

Austin Jewelry Mogul Kendra Scott has joined the cast of Shark Tank as a guest shark. The 12th season of the Emmy-award winning entrepreneurial pitch show kicks off Friday, Oct. 16th at 7 p.m. central time on ABC News. The show features scrappy entrepreneurs looking for funding for their bright ideas. Scott is an accomplished […]

UT Austin Uses Hologram Technology in the Classroom Thanks to an Austin Startup

The old saying is out of hardship and adversity comes innovation. Just take a look at the University of Texas’ McCombs School of Business and its use of a hologram application called Recourse to beam a professor into the classroom during the Coronavirus pandemic. The application is the brainchild of Contextual Content Group, a new […]

Austin-based Decent Raises $10 Million to Bring Affordable Health Insurance to Small Businesses and Individuals Statewide

While working on a startup in the San Francisco Bay area, Nick Soman realized he was paying more for health insurance every month than rent. And in the Bay area rents are sky-high. “I remember thinking that was brutal,” Soman said. That experience eventually led him to found Decent, which offers affordable health insurance options […]

Austin’s closes on $26 Million in funding as demand for its data platform soars

During the COVID-19 pandemic, a lot of companies are taking stock of the data they have on hand and sorting it out to their economic advantage. It’s kind of like how homeowners are doing renovation projects and people are cleaning out closets and organizing their stuff. So too are companies. And that, in part, has […]

Austin-based Fintech Startup Episode Six Lands $7 Million in Funding and Expands Globally

By CHAD SWIATECKI, Freelance Contributor to Silicon Hills News It makes sense that the Austin financial technology startup Episode Six would make the Asian Pacific region a high priority as the company sought to pick up customers for its software platform that lets financial institutions build custom payment and other solutions. After all, while New York […]

Trashbots Raises Seed-Stage Investment as Demand for its K-12 Robotics Platform Increases

The pandemic has spurred demand for Trashbots, which makes a hands-on robotics platform aimed at the K-12 market. “The K-12 market, as a whole, is more important now than ever,” said Rohit Srinivasan, Co-Founder of Trashbots. “Especially as schools are trying to figure out how they are going to teach in a post COVID world.” […]

Healthcare Insurance Startup Sana Benefits Raises $20.8 Million

Sana Benefits, the startup disrupting the healthcare insurance industry by providing coverage for small businesses at a discount, announced Wednesday that it has closed on $20.8 million in funding. To date, Sana, founded in 2017 by Will Young and Nathan Hackley, has raised $27.1 million. The latest round of funding came from existing investors, said […]

Austin Coworking Lives on Amid Masks, ‘Ghost Town’ Offices and Social Distancing

By OMAR L. GALLAGA, Freelance Contributor to Silicon Hills News A few weeks ago, Michelle McKown celebrated her return to a workspace at Central Austin’s Vessel Coworking with a cheerful Instagram story post. “Back at @Vesselcoworking and it feels so good!” she posted, “Don’t @ me! It’s lunchtime & I can’t eat through a mask!” […]

Austin Chamber’s Leigh Christie Discusses Austin A-List Awards and How the Pandemic is Affecting Entrepreneurs

A native of Austin, Leigh Christie has seen the city change from a sleepy college town to a high-tech boomtown. Today, she serves as senior vice president of global technology and innovation at the Greater Austin Chamber of Commerce. She’s also a lawyer who previously served as executive director of the Entrepreneurs Foundation of Central […]

Women@Austin Launches Beam Angel Network Aimed at Funding Female-Founded Startups in Texas

There’s a new angel network in Austin, aimed specifically and women-led startups. This week, Women@Austin, a nonprofit organization focused on advancing female entrepreneurs, launched the Beam Angel Network. Notley Venture, a social impact investment firm based in Austin, has pledged $250,000 to kick off the network, which will begin accepting applications on Sept. 1st. Jess […]

NSF Awards $20 Million to UT Austin to Create the NSF AI Institute for Foundations of Machine Learning

The National Science Foundation on Wednesday announced the selection of the University of Texas at Austin to lead the NSF AI Institute for Foundations of Machine Learning. UT is spearheading one of five NSF AI Institutes nationwide and each one will receive $20 million in funding. The UT NSF AI Institute for Foundations and Machine […]

Austin’s PickleSmash Powers Through the Pandemic With Online Sales and Retail Expansion

After running out of salsa, Brian White decided to mash up his own version using pickles as the main ingredient. He added jalapenos, pickles, onions, and spices and came up with what is now known as PickleSmash, which is a salsa made without tomatoes. “I like experimenting with mashups of different foods,” White said. White […]

Virtual Arts Lands $2 Million in Funding for its DanceFight App Aimed at Generation Z

At a Youth Peace Summit held at the John Knox Ranch in Wimberley, Ryan Jordan saw how young men and women from 20 countries bonded. One of the ways was through dance. Even though the teenagers spoke different languages and came from a variety of cultures and backgrounds, they all liked music and dance, said […]

Fetch Lands $18 Million to Help Apartment Complexes Deal With Packages

Since the COVID-10 pandemic, Austin-based Fetch has seen a 59 percent increase in volume for its package delivery service to apartments. As e-commerce explodes in popularity, apartment complexes have turned to Fetch to handle the crush of package deliveries. The company has almost doubled the number of communities they serve this year with more than […]

3-D Printed Home Builder ICON Lands $35 Million in Funding

ICON, the Austin-based startup that builds homes with its giant 3-D printer using concrete as substrate, on Wednesday announced it has closed on $35 million in funding. Previously, the company raised $9 million in seed-stage funding. ICON is arguably one of Austin’s most innovative startups tackling big problems like building homes for the city’s homeless […]

SpyCloud Raises $30 Million for its Anti-Fraud Platform

Despite the novel coronavirus pandemic, deals are still getting done in Austin’s startup community. Austin-based SpyCloud announced on Tuesday that it has closed on $30 million in additional venture capital funding. To date, the cybersecurity company, founded in 2016, has raised $58.5 million, according to Crunchbase. SpyCloud plans to use the funds raised to expand […]

Naturally Austin and SKU Host a Virtual Happy Hour Showcasing Austin Beverages and Snacks

The novel coronavirus pandemic has created a whole lot of changes, making people adapt faster than a coyote chasing a roadrunner across the Chihuahuan Desert of West Texas. It has also given rise to the quarantine cocktail party on Zoom. People who once crowded Austin’s bars for meetups and happy hours, now congregate online to imbibe […]

LitLingo Raises $2 Million for its AI-Powered Platform to Help Businesses Communicate Better

By LAURA LOREK, Publisher of Silicon Hills News With remote work becoming routine, more conversations are moving to informal communications channels like Facebook messenger, Slack, and direct messages. “All of these platforms are just going bonkers,” said Kevin Brinig, CEO and Co-Founder of LitLingo. “Things that have traditionally been nonchalant communications have all moved to […]

Austin’s Newest Public Company, BigCommerce sees its Shares Soar on the First Day of Trading

BigCommerce is Austin’s latest startup to go public. BigCommerce Holdings’ shares were priced Tuesday night at $24 a share. It went public on the Nasdaq stock exchange opening at $68 a share on Wednesday morning and nearly tripled in price on its first day. Within three minutes of trading, the stock was halted for volatility, […]

Austin-based Ceresa Lands $1 Million for its Data-Driven Leadership Development Platform

By LAURA LOREK, Publisher of Silicon Hills News Ceresa, a leadership development platform, announced Wednesday that it has raised $1 million in seed funding. Austin-based Next Coast Ventures and LiveOak Venture Partners led the round. Ceresa plans to use the funds to expand product development. It has created a data-driven, personalized program called the Ceresa […]

Silicon Valley VC Firm Breyer Capital Opens an Austin Office

Breyer Capital has announced plans to open a new office in Austin. The Silicon Valley-based venture capital and private equity firm, founded in 2006, is already an investor in Austin-based OJO Labs and Swivel. “I personally will be spending significant time in the city, investing in new opportunities and working alongside longtime friends and colleagues,” […]

Tesla Announces Plans to Build its Next $1.1 Billion Gigafactory in Austin

Tesla has picked Austin for its $1.1 billion Gigafactory that will make Cybertrucks, Semi, Model 3, and Model Y electric vehicles. Elon Musk, Founder and CEO of Tesla, made the announcement Wednesday during Tesla’s second-quarter earnings call with analysts. “We’re going to make it a factory that’s going to be stunning. It’s right on the […]

Austin’s SKU Expands its Consumer Packaged Goods Accelerator to the Dallas-Fort Worth Market

The consumer packed goods industry is huge in Texas. It creates 1.7 million jobs and generates $87.8 billion in annual income, according to the Consumer Brand Association, which reports one out of every ten jobs in Texas can be traced back to the CPG industry. Now, that industry is getting a boost from Austin-based SKU, […]

Austin Venture-Backed Investments Decline 32 percent to $257 Million in the Second Quarter

The pandemic looks like it may have adversely affected venture-backed deals in the Austin metro area and Texas market. In the second quarter, Austin-based companies received $257 million invested in 35 deals, according to the latest MoneyTree Report from PwC and CB Insights. That’s down nearly 32 percent in dollars invested and nearly 26 percent […]

More Books Recommended by Entrepreneurs for Entrepreneurs on Silicon Hills News’ Ideas to Invoices Podcast

By LAURA LOREK, Publisher of Silicon Hills News and Host of the Ideas to Invoices Podcast In three seasons of the Ideas to Invoices podcast, Silicon Hills News has interviewed more than 70 highly successful Austin and San Antonio entrepreneurs and many of them recommended books that have helped them with their entrepreneurial journeys. Silicon Hills […]

Hypergiant’s Ben Lamm Talks About the Future of Tech, Space, the Pandemic, the Black Lives Matter Movement and More on the Ideas to Invoices Podcast

A well-known serial entrepreneur in Austin’s technology industry, Ben Lamm loves to solve big hard problems. That led him to found Hypergiant Industries in 2018. The Austin-based company focuses on emerging tech with tentacles in a myriad of different industries including space, critical infrastructure and defense. “I felt like the intersection of critical infrastructure, space […]

Keep Austin Together is Helping to Solve the Food Insecurity Problem in Austin

By SUSAN LAHEY, Contributor to Silicon Hills News For a lot of people, COVID-19 was like a tsunami they never saw coming; not Joi Chevalier. The founder of the Cook’s Nook culinary incubator knows Austin and Travis County’s food landscape—and its gaps. She understands the brittleness of supply chains and that many people live just […]

Travis County Commissioners Give the Green Light for Economic Incentives to Lure the $1.1 Billion Tesla Gigafactory to the Austin Area

A $1.1 billion Tesla Gigafactory for the Austin area took another big step in becoming a reality. Travis County Commissioners on Tuesday voted to approve a 20-year economic incentive package for the Colorado River Project, whose sole owner is Tesla. County Judge Sam Biscoe, Commissioners Jeff Travillion, Brigid Shea, Gerald Daugherty all voted in favor […]

Travis County Continues to Mull Economic Incentives for $1 Billion Tesla Gigafactory

Travis County Commissioners on Tuesday took no action on granting economic incentives for a proposed $1 billion Tesla Gigafactory in the Austin area. Following a three-hour-long closed executive session, the commissioners’ court heard again from callers in support and against the Tesla plant. Then they moved to recess its meeting until Wednesday at 1 p.m. […]

Hypergiant Partners with the U.S. Air Force to Develop the Chameleon Constellation, an Updatable Satellite System

Austin-based Hypergiant Industries on Tuesday announced a partnership with the United States Air Force to develop a new type of satellite that can be easily updated and reconfigured in space. Hypergiant plans to launch the first live satellite on NG-15, the 15th planned flight of the Northrup Grumman robotic resupply spacecraft Cygnus in February of […]

GoDaddy Closes Austin Offices and Lays Off 331 Local Employees

In 2018, GoDaddy bought Main Street Hub in Austin for $125 million plus $50 million more in future earnouts. On Wednesday, GoDaddy CEO Aman Bhutani announced plans to shut down its Austin operations and layoff 331 employees. “The Social team in Austin has turned over every stone in the last three months to address the […]

Austin’s OJO Labs Raises $62.5 Million and Buys Movoto

OJO Labs on Wednesday announced a $62.5 million round of funding and the acquisition of Movoto, a residential real estate search site. “It brings together two superpowers overnight,” said John Berkowitz, CEO, and Co-Founder of OJO Labs. Austin-based OJO Labs, founded in 2015, has been working for the past five years to create a deeply […]

Tesla Officials Provide More Details on $1 Billion Cybertruck Plant Proposed for Austin Area

Telsa officials gave more details on its proposed $1 billion Cybertruck factory in the Austin area. Rohan Patel, Tesla’s director of policy and business development, and Valerie Workman, Tesla’s head of human resources for North America, appeared via video before the Travis County Commissioners Court Tuesday afternoon. Tesla is seeking a 20-year tax abatement on […]

Austin’s ScaleFactor Shuts Down After Raising $103 Million

Last year, ScaleFactor made the Greater Austin Chamber of Commerce’s A-List of Hottest Startups in the mid-sized category. On Tuesday, ScaleFactor announced plans to shut down after raising $103 million from investors – including $90 million in 2019. Its investors included Coatue Management, Bessemer Venture Partners, Canaan, Broadhaven Ventures, Firebrand Ventures, Vulcan, Stripes Group, and […]

Australian Graphic Design Platform Canva to Open an Austin Office

Canva, an Australian online graphic design platform, announced Tuesday that it is opening an office in Austin and investing in its U.S. operations. The office will provide support for Canva’s enterprise clients and nonprofit organizations. Canva, based in Sydney, Australia, also announced it has raised a new $60 million round of funding, giving the company […]

As COVID-19 Cases Spike in Texas, Governor Abbott Urges People to Take Precautions to Prevent the Spread and Keep the Economy Open

As COVID-19 cases rise sharply in Texas, Governor Greg Abbott said closing down Texas again will be the last option. Wearing a mask is one of the strategies to reduce the spread of COVID-19 without having to go back to stay at home policies, Gov. Abbott said in an afternoon press conference televised online by […]

Austin Launches the “City of US” Campaign to Encourage Everyone to Wear Face Masks to Prevent the Spread of COVID-19

As Austin quickly becomes a hotspot for the spread of the COVID-19 virus, city leaders took action Monday to require people to wear face masks. Effective at midnight on Monday, all businesses must require their employees, customers, and vendors to wear masks in Austin, according to the latest order from Mayor Steve Adler. Last week, […]

On Juneteenth, Austin’s Tech Leaders Pledge to Take Actions to Fight Against Bias and Racism in the Workplace

On Juneteenth, Notley, a philanthropic organization, published an open letter on racial justice from the Austin tech community. Some of the locally-based tech companies signing the letter include Silicon Labs, WP Engine, Data.World, SailPoint, and others. “The purpose of the letter is to commit Austin’s tech community to action against racism,” according to a news […]

Tesla Seeks Incentives for an Austin-based $1 Billion Gigafactory that Would Create 5,000 Jobs

A proposed $1 billion Tesla Gigafactory in Austin is coming closer to reality. Next Tuesday, the Travis County Commissioners Court will consider offering a ten-year 80 percent property tax abatement worth an estimated $14.65 million as an incentive to have the electric vehicle manufacturing plant locate in Austin. An item on the agenda lists the […]

Austin’s National Instruments Rebrands as NI with a Focus on Engineering Ambitiously

National Instruments, founded in 1976, and one of Austin’s oldest homegrown technology companies, this week announced plans to rebrand to NI. The company unveiled its new logo and launched a brand campaign with the slogan “Engineer Ambitiously.” It also launched Perspectives, an online news site with a message from NI CEO Eric Starkloff.  NI is a […]

San Antonio and Austin Leaders Order Businesses to Make Customers and Employees Wear Face Masks to Prevent the Spread of COVID-19

Masks soon will be mandatory for employees and customers of businesses in Austin and San Antonio. On Wednesday, Bexar County Judge Nelson Wolff issued an executive order requiring all businesses providing goods or services directly to the public to develop and implement a health and safety policy within five days. At a minimum, the policy […]

Ecliptic Capital’s Christy Cardenas is Focusing on the Pandemic’s Silver Lining and an Opportunity to Build a Better Future

The COVID-19 Pandemic hit suddenly in the U.S. like a tsunami upending businesses and the economy from coast to coast. And everyone is still dealing with the fallout and the ongoing Pandemic with 1.8 million cases in the U.S. resulting in 107,023 deaths, according to the latest stats from the Coronavirus Research Center at Johns […]

Austin’s Accelerators and Incubators Adapt and Adjust Amid the COVID-19 Pandemic

By SUSAN LAHEYSpecial Contributor to Silicon Hills News Austin’s accelerators and incubators are starting to have events in person again, after months of moving everything online. Capital Factory hosted a May Startup Showcase Tuesday at its offices, with 48 people signed up to attend. It might have been the first local startup gathering to take […]

During the Covid-19 Pandemic, Ruckify Finds Success in Helping People Rent Items They Own to Others

Five years ago, a big storm knocked down a tree in Steve Cody’s neighborhood in Ottawa, Canada. His neighbor, Bruce Linton cut up the tree with his chainsaw, but he needed a bigger chainsaw to complete the job. That’s when Cody and Linton came up with the idea for Ruckify, which bills itself as the […]

More Texas Businesses Can Open This Week Including Offices, Childcare Centers, Bars, Tattoo and Body Piercing Studios, Craft Breweries, Bowling Alleys, and Restaurants Can Expand Capacity

As COVID-19 cases continue to rise, Texas is moving to further open its economy allowing childcare centers, massage centers, tattoo and body piercing studios and more to resume operations effective Monday, according to Governor Greg Abbott. And on Friday, bars, wine tasting centers, craft beer establishments, bowling alleys, skating centers, zoos, aquariums, rodeos, and more […]

FDA Approves Everlywell for First Standalone COVID-19 At-Home Collection Kit

Everlywell received authorization from the U.S. Food and Drug Administration for its COVID-19 Test Home Collection Kit. The FDA sent out a news release Saturday reporting that Austin-based Everlywell’s home collection kit is currently the only authorized COVID-19 diagnostic testing kit the FDA has approved. The government regulator issued an emergency use authorization (EUA) to […]

Austin-based Invoiced Inks Deal with American Express to Provide Small and Mid-Sized Businesses a 40 Percent Discount on its Software

Invoiced, a bootstrapped startup based in Austin has struck a partnership with American Express. The deal provides small and mid-sized businesses a 40 percent discount on Invoiced’s accounts receivable software for two years. Customers must sign up for a subscription plan by March 12, 2022. American Express through the partnership is expected to play an […]

Silverton Partners Raises $144 Million Fund Focused on Investing in Early-Stage Startups Primarily in Austin and Texas

Silverton Partners, based in Austin, announced this week that it has closed on Fund VI at $144 million, its largest fund to date. The venture capital firm, founded in 2006, focuses on early-stage companies and just in the last two years, its seed-funded startups have exited for a combined $3.2 billion, according to the firm. Those […]

Texas Governor Allows Stay at Home Order to Expire and Announces Plans to Reopen Select Businesses Friday at 25 Percent Capacity

Texas Governor Greg Abbott announced Monday plans to allow Texas’ stay at home order, which closed businesses and required Texans to limit social contact to prevent the spread of COVID-19 during the pandemic, to expire on Thursday. Governor Abbot also announced a new order allowing retailers, restaurants, movie theaters, and malls to reopen Friday at […]

H-E-B and Favor Delivery Launch 2-Hour Delivery at all Texas Stores

H-E-B and Favor Delivery this week introduced a new service that allows customers to have grocery essentials delivered in two hours or less. The new service is available at every H-E-B, Central Market, and Jose V’s stores in Texas. The Favor Express Delivery is in addition to H-E-B Curbside and Home Delivery. The Favor Express […]

Austin Entrepreneurs Create Mobile App Solutions to Help Retailers Handle Curbside Pickup

Texas retail stores are now able to offer curbside service to customers under Governor Greg Abbott’s executive order that took effect on Friday. And startup entrepreneurs are coming up with tech solutions to make it easier for local retailers to sell and deliver their products safely during the COVID-19 pandemic. To help retailers out, Austin […]

Central Texas Task Force Launches to Safely Reopen Businesses During the COVID-19 Pandemic

Travis County and Austin City leaders launched a central Texas task force Thursday aimed at safely re-opening businesses during the COVID-19 pandemic. There is no return to business as usual, said Travis County Judge Sarah Eckhardt. “This will require adapting,” she said. Eckhardt spoke during a Thursday morning online press conference coordinated by the Austin […]

Austin Cleaning Products Startups See Huge Surge in Sales From the COVID-19 Pandemic

It’s a good time to be in the disinfectant and cleaning products business. Curtis Eggemeyer, CEO of Lemi Shine, has seen demand for Lemi Shine, multi-surface antibacterial cleaner, disinfectant wipes, liquid dish soap and laundry detergent, skyrocket in sales since March. “This isn’t something you can plan for,” Eggemeyer said. “Our demand is off the […]

Airbrake Raises $11 Million in Funding

Airbrake, which makes software that tracks errors in web apps, announced this week it has raised $11 million in funding. The company, founded in 2010, is based in San Francisco but has a large presence and office in Austin. Austin-based Elsewhere Partners led the financing round. Airbrake has an interesting history. Exceptional bought Airbrake and […]

SourceDay Lands $12.5 Million in Funding Amid Increased Demand for its Supply Chain Management Software Spurred by the COVID-19 Global Pandemic

SourceDay, which makes supply chain management software, announced on Tuesday that it has raised $12.5 million in venture capital funding. The Austin-based startup, founded in 2013, has raised $23.3 million to date. The company’s latest Series B round of funding was led by Baird Capital with participation from existing investors Silverton Partners, ATX Ventures and […]

AlertMedia Sees a Huge Increase in Demand for its Emergency Communications Software in the Wake of the COVID-19 Pandemic

AlertMedia has become a critical communications tool for many companies during this COVID-19 global pandemic. The Austin-based startup provides emergency communication software, used by over 2,000 enterprise companies in 100 countries to keep employees safe from threats to their health and safety. Its customers include Walmart, HEB, DHL, Greyhound and Healthgrades. “We’re solving a big […]

Xenex Deploys Germ-Zapping Robots Worldwide to Fight the Coronavirus Outbreak

Coronavirus is hitting like a tsunami worldwide with 105,586 cases confirmed in more than 100 countries resulting in 3,584 confirmed deaths, according to the World Health Organization. In the U.S., the threat of a widespread outbreak of the Coronavirus is causing governments to declare states of emergency, companies to have their workers telecommute and large […]

Austin Officials Cancel SXSW

The show isn’t going on after all. On Friday, City of Austin officials held a press conference and announced the cancellation of SXSW and SXSW.EDU, set to take place next week. “We are devastated to share this news with you. “The show must go on” is in our DNA, and this is the first time […]

Zoho Cancels Zoholics in Austin Amid Concerns About the Coronavirus

Zoho, which has a large and growing campus in Austin, announced on Wednesday plans to cancel its annual Zoholics event in Austin, in late April. “After consulting with global health experts across our various regions, we believe that this is the safest and most responsible decision for the entire Zoho community,” ccording to an email […]

SXSW is On Track to Happen in Austin

The show will go on. South by Southwest is not cancelled. “There’s no evidence to suggest cancelling SXSW makes the community safer,” Mayor Steve Adler said during a press conference Wednesday morning.  If that changes, the city, county and a health advisory panel will take action, Adler said. They are continually evaluating the evidence and […]

Hypergiant to Host SpaceCom and The AI Collective During SXSW

SXSW is less than three weeks away and Austin is going to be hopping. There’s a ton of great programming for those with badges, but there are also some great activities going on for the general public. This year, Hypergiant, a startup in downtown Austin cofounded by Ben Lamm, is hosting two special events and […]

WSJ Ranks Austin as the Nation’s Hottest Big City Labor Market

The Wall Street Journal has ranked Austin as the hottest big city labor market in the country. Austin beat out number two, Nashville, on the list. The Wall Street Journal ranked Austin, which has an unemployment rate of 2.7 percent, as its top spot because of big expansion projects announced in the area, particularly Apple’s […]

Austin Ranks Third in the Milken Institute’s List of Best Performing U.S. Cities

Austin ranked third on Milken Institute’s list of 2020 Best Performing Cities. It ranked third last year as well. The greater San Francisco area claimed the top spot on the list, followed by Provo-Orem, Utah. Rounding out the top 10 list was Reno, Nevada in fourth place, followed by the greater San Jose area, the […]

Swivel Lands $8 Million in Funding to Expand its Office Space Leasing Platform Nationwide

Swivel, an Austin-based office leasing platform, announced Tuesday that it has raised $8 million. The Austin-based startup plans to use the funds to expand nationwide starting with the Denver, Colorado market, said Scott Harmon, Swivel’s co-founder, and CEO. Swivel’s $8 million Series A round was led by Jim Breyer of Breyer Capital. Breyer was one […]

PurPics Closed on a $920,000 Funding Round to Connect Brands to Generation Z

PurPics, a Generation Z intelligence, and brand advocacy platform announced recently that it has raised $2 million in total funding. The Austin-based startup closed on $920,000 this round, bringing total funding to $2 million. Felton Group, the family office of Jaffray Woodriff, led the round with participation from The Syndicate Fund and Techstars Ventures. “PurPics […]

LiveOak Venture Partners Adds Four Executives to its Venture Advisors Program

LiveOak Venture Partners, founded in 2013, this week announced it has added four executives to its Venture Advisors Program. The venture capital firm, which invests in early-stage companies, is adding Lynn Atchison, Peter Klante, Dave Rubin and Keith Zoellner to the program. Last year, LiveOak Venture Partners closed a $105 million fund, its second fund. […]

Lumen Insurance Technologies Talks About the Maturation of Austin’s Technology Industry on the Ideas to Invoices Podcast

In 2016, David Perez launched Lumen Insurance Technologies when he recognized an unmet need in the marketplace for someone to provide insurance policies to funded technology startups. Lumen’s clients have included Opcity, Strangeworks, Vault, previously known Student Loan Genius, Rocket Dollar, Valkyrie Intelligence, Kronologic, Living Security and others. Lumen, based at Galvanize in downtown Austin, […]

Silicon Hills News Unveils the Companies Featured in its 2020 Austin Startup Calendar

Silicon Hills News’ 2020 Austin Startup Calendar Party took place on January 23rd at The Riveter in downtown Austin. At the party, Silicon Hills News gave away a desktop or wall calendar to 175 guests. To order additional calendars please visit our Eventbrite Form for our follow up event, BigIdeasATX, on February 27th at Galvanize. This […]

Pattern Bioscience Lands $13 Million in Funding to Develop Rapid Diagnostics Tests

Pattern Bioscience this week announced $13 million in grant and venture capital funding. The Austin-based company, formerly known as Klaris Diagnostics, plans to use the funding to develop its Digital Culture technology, a rapid bacterial identification, and susceptibility testing platform. The funding includes a $6.8 million award from CARB-X, a nonprofit based at Boston University. […]

The Zebra Lands $38.5 Million in Funding

The Zebra, an insurance comparison marketplace, this week announced it has closed a $38.5 million funding round. The Austin-based startup, founded in 2012, has raised $101.3 million to date. Accel led the funding round with participation from existing investors Silverton Partners, Daher Capital, Floodgate Fund, Ballast Point Ventures, The Zebra’s CEO Keith Melnick and new […]

SXSW 2020 Pitch Finalists Include Five Austin-Based Startups

SXSW recently announced the finalists for its 12th annual SXSW Pitch event including five from Austin. The variety of the finalists shows the breadth and depth of Austin’s booming startup community. The finalists come from a wide range of industries including beauty care, gaming, biotechnology, drones, and biodegradable plastics. The Austin finalist in the Consumer […]

Is Elon Musk Considering Texas for a Tesla GigaFactory?

Elon Musk posted a poll on Twitter asking people to vote yes or no for Giga Texas. The vote is 80.2 percent “Hell Yeah” in favor late Wednesday night with two hours left to vote. A gigafactory in Texas would presumably produce Tesla cars or trucks. But Musk did not provide any specifics on what […]

Sputnik ATX Selects Four Startups For its Winter 2020 Accelerator Program

Sputnik ATX has announced the latest group of four startup companies accepted into its Winter 2020 Cohort. The startups include Austin-based Mod Tech Labs, which is a spinoff of Underminer Studios. The startup works with production studios to create 3D images and videos. Austin-based Trashbots is also in the cohort. It makes programmable robotics kits […]

February Tech Events to Attend in Austin

The new year is off to a great start. Silicon Hills News held its sixth annual Austin Calendar Party on Jan. 23rd. The Riveter hosted the party. And thank you to our sponsors the Austin Chamber of Commerce, BuildGroup, InnoTech Austin, Kronologic, Sana Benefits, Egan-Nelson Law Firm, Silicon Hills Lawyer,  Active Capital, LumenInsuranceTechnologies, Thiken, QuesitonPro,  Zoho and And In-Kind Sponsors: MassChallenge Texas and Nine Banded Whiskey.  This year, Silicon […]

Austin-based Invoiced Finds Success in Processing Billions of Dollars in Invoices for Companies

Invoicing is Jared King’s passion. “It really is, King said. His family recognized his penchant for collections at an early age. In fourth grade, King was a bit of a loan shark. He would loan kids a dollar and he would collect $2 in repayment, he said. King’s entrepreneurial spirit continued when he went to […]

Capital Factory Expands Into Houston by Merging with Station Houston

Capital Factory, an Austin-based accelerator, last week announced it has expanded operations into Houston by merging with Station Houston. It is part of the Texas Startup Manifesto strategy Capital Factory Director Joshua Baer has articulated in the past about the major Texas cities working together to create a vibrant statewide technology industry. “Capital Factory is […]

Stoplight Raises $6 Million in Additional Funding

 Stoplight, which manages application development software for companies, announced this week that it has raised $6 million in additional funding. The Austin-based startup closed its Series A round of funding co-led by Next Coast Ventures and Bill Wood Ventures. To date, Stoplight has raised $10 million. The company plans to use the funding for engineering, […]

MassChallenge Texas Begins Accepting Applications for its Austin and Houston Programs

At the South Congress Hotel last week, MassChallenge Texas officially kicked off its next application cycle for its accelerator programs in Austin and Houston. The MassChallenge Accelerator has completed two cohorts in Austin and one in Houston since launching in 2017. The Houston and Austin application cycles kicked off simultaneously with a giant video screen […]

SXSW Announces its 2020 Innovation Award Nominees Including Seven From Austin

South by Southwest Conference and Festivals announced Thursday nominees for its 23rd annual SXSW Innovation Awards. Sixty-five companies made the list including seven from Austin. Austin had two finalists in the AI and Machine Learning category including Cortex Certifai by CognitiveScale and Yonder Narrative by Yonder. Hypergiant Industries’ Eos Bioreactor is a finalist in the Climate, Culture & […]

Nine Banded Whiskey is Making Austin Known for its Spirit

Nine Banded Whiskey Co-Founder Sean Foley seized an opportunity to create an Austin-based whiskey. After noticing a moderately priced, Austin-made whiskey brand didn’t exist, in 2014, he founded the Nine Banded Whiskey company and launched its first bottles of whiskey a few years later. Today, Nine Banded Whiskey is in 12 states and last year […]

QuestionPro Moves its Headquarters from San Francisco to Austin

QuestionPro has moved its headquarters from San Francisco to Austin. The company, which has 200 employees including 15 in Austin, creates online survey and insights solutions software. The company’s Austin headquarters is in the Arboretum area. “Austin is like where Seattle used to be in 2005, small, but ready to go,” said Vivek Bhaskaran, CEO […]

Dealing with Space Junk and Managing Space Traffic is the Focus of UT Austin Conference

Space is a finite resource and needs environmental protection, according to Moriba K. Jah, astrodynamicist. “People, in general, take for granted the number of services and capabilities every day that are space-based,” said Jah, director of the Advanced Sciences and Technology Research in Astronautics (ASTRIA) program at The University of Texas at Austin. And Space […]

Galvanize is Bought by K12 for $165 Million

Galvanize has been bought by K12, a publicly traded learning company based in Herndon, Va., for $165 million in cash. The deal, which closed on Monday, includes Galvanize’s campus in downtown Austin in the Northshore building at Second and Nueces and seven other campuses across the country. In the deal, K12 gets Denver-based Galvanize’s management, […]

25 of Austin’s Hottest Startups to Watch in 2020

Austin had another outstanding year with startup activity overall on the rise. And VC funding in Austin reached levels the city hasn’t seen since the Dot Com boom of 2000. In 2019, Austin-based private companies raised $1.7 billion, up almost 28 percent from 2018, another record year, according to the latest MoneyTree Report from PwC […]

Austin-based Locale Lands $11 Million in Funding

Locale, a hospitality startup that rents upscale apartments for short and long stays, recently announced that it has received $11 million in venture capital funding. The Austin-based company, founded in 2016, has raised $14 million to date. Amplo Ventures led the Series A round of investment with participation from Susa Ventures, Malkin Holdings, Rogue Insight […]

Firefly Aerospace Dealt with a Fire During Rocket Testing

At Firefly Aerospace’s 200-acre testing and manufacturing facility in Briggs, Texas, a fire broke out when the company tested the first stage of its rocket last week. The fire occurred at 6:23 p.m. on Wednesday when the rocket’s four engines were fired “a small fire broke out in the engine bay at the base of […]

Austin’s Finds Success as a B Corp Bringing Together Data Users on its Global Platform

Austin-based had its best year ever in 2019, said Brett Hurt, CEO, and Co-Founder. “2019 will go down in history as the year found enterprise product-market fit and revenue has taken off in a big way,” Hurt said. is like GitHub, the world’s largest software development platform, but it’s an open platform […]

Literati Co-Founder Jessica Ewing Says She is Focused on Raising a Generation of Readers who like Print Books

Jessica Ewing, co-founder, and CEO of Literati called the founding of her company the summer of the pivot. She pitched so many different versions to investors including Etsy for authors, a curated enterprise book service for businesses, the first data-driven publishing house and others. “You name it, I pitched it,” Ewing said. “It just kept […]

Austin’s BuildGroup Launches Open.Exchange to Bring Transparency to the Fundraising Process for Investors and Entrepreneurs

BuildGroup, an Austin-based venture capital firm founded in 2015 which raised a $330 million fund, launched an analytics platform for investors and startup founders last week. It’s called Open.Exchange focused on matching investors with the best startups, and vice versa, said Jim Curry, head of BuildGroup Data Services. “We built it for ourselves, but it […]

Austin is Becoming a Real Estate Technology Hub

The Future of Real Estate Summit took place at the Hotel Van Zandt last Wednesday in the Rainey Street District. The 4-Star boutique hotel, which opened in 2015, is a symbol of the transformation that has taken place in downtown Austin in the last decade. The neighborhood once filled with single-family homes is now an […]

Austin-based Wikibuy is Booming Since its Acquisition by Capital One

Austin has become an eCommerce hub. And that’s thanks, in part, to homegrown startups like Wikibuy, which was acquired by Capital One for an undisclosed sum in November of 2018. Other major Austin players in the eCommerce industry include RetailMeNot, Bazaarvoice, BigCommerce, Dosh, Convey, H-E-B Digital, Black Locus/Home Depot, and Favor. And Austin is also […]

Austin-based FlashParking Receives $60 Million in Funding

Finding a parking space in downtown Austin is an increasingly difficult task that FlashParking seeks to solve. And the Austin-based company landed $60 million in strategic investment from the Growth Fund of L Catterton, a private equity firm. FlashParking plans to use the funds to scale its parking solution into connected mobility hubs. Founded in […]

Austin Tech and Startup Events to Attend in January

Happy New Year! A little late to post the January events this year. But that’s because of the 2020 Austin Silicon Hills News Austin Calendar. It’s made it back from the printers and it’s being prepared for its debut at the sixth annual SHN Calendar Party. This year, the party is being held at The […]

Austin’s 2019 VC Investment Hits $1.7 Billion, up Nearly 28 Percent from 2018

In 2019, Austin-based private companies raised $1.7 billion, up almost 28 percent from 2018, another record year, according to the latest MoneyTree Report from PwC and CB Insights. The report found investors did 151 deals in 2019, up almost 22 percent from 2018. And in the fourth quarter of 2019, Austin-based startups raised $295 million, […]

Austin’s Carl Deckard, one of the Pioneers of the 3D Printing Industry, has Died

Carl Deckard, 58, one of the pioneers of 3D printing died in Austin over the holidays. Deckard died on Dec. 23, according to his obit. Deckard was one of the inventors of “Selective Laser Sintering,” the technology at the forefront of 3D printing. Deckard developed the technology at the University of Texas at Austin while […]

Austin’s Televet Lands $2 Million in Funding

Telemedicine has come to the pet market. Austin-based Televet, an online platform that connects veterinary clinics to existing clients, announced that is has raised $2 million in seed-stage funding. Dundee Venture Capital and Mercury Fund, co-led, the round with participation from GAN Ventures. Founded in 2015, TeleVet has raised $2.3M to date. The company plans […]

Austin’s ePayPolicy Receives a Significant Investment from Serent Capital

ePayPolicy, a digital payment processor for the insurance industry, announced last week that it has received a significant investment from Serent Capital, a private equity firm with offices in Austin and San Francisco. Austin-based ePayPolicy, founded in 2014, did not disclose the amount of the investment. The company plans to use the investment to accelerate […]

Austin’s argodesign Expands Again With a New York Studio

argodesign is expanding again. This time the Austin-based design firm is opening a studio in New York. Mehera O’Brien will run the studio as head of creative. argodesign launched its European studio in Amsterdam last March. “Our New York studio centers around cross-pollinating technology with the traditional approach of user-centered design,” O’Brien said in a […]

P&G Buys Billie, a Women’s Shaving Products Startup

Billie, a startup that makes shaving products for women, just got acquired by P&G. The companies did not disclose the financial details of the deal. Billie, founded in 2017 in New York, is a portfolio company of Austin-based Silverton Partners. That same year, Silverton Partners led a $6 million seed-stage investment for the company with […]

SKU Welcomes 7 new Startups into SKU Track 8

By LAURA LOREK, Publisher of Silicon Hills News SKU, a consumer-packaged goods accelerator, on Tuesday officially kicked off its SKU 8 cohort. The seven companies accepted into the 14-week program are Aura Bora, Blenders & Bowls, Cheddies, Esker, Ladybird Provisions, Mushroom Revival, and Paleo Powder Seasonings. More than 150 people attended the SKU launch party […]

Ideas to Invoices Top 10 Podcasts for 2019

Silicon Hills News’ podcast Ideas to Invoices entered into its third season in 2019. And here are the Top 10 podcasts for this year, according to our stats on Libsyn, a podcast hosting platform. Thank you to all our listeners and subscribers. For all of the Ideas to Invoices podcast please visit Ideas to Invoices […]

Silicon Hills News’ Top 10 Stories of 2019

Silicon Hills News had a great year in 2019 with hundreds of thousands of visitors to our website and social media feeds, several thousand downloads of our Ideas to Invoices podcastand more than 1,000 people attending our annual events and monthly lunch and learn gatherings. And 2020 promises to be even brighter. We’ll be kicking […]

Austin’s OwnLocal Creates Dynamic Online Ad Campaigns for Publications

In 2006, Lloyd Armbrust was selling digital ads for newspapers to small businesses. That’s when he came up with the idea of digitizing newspaper ads and putting them online. In 2010, he co-founded OwnLocal and joined the Y-Combinator accelerator program and a year later moved to Austin. Today, OwnLocal works with more than 4,000 publications […]

Verb Raises $6.4 Million to Bring Leadership Training to the Masses

Verb, an Austin-based startup focused on teaching leadership skills, announced recently that it has raised $6.4 million in seed-stage funding. The funding came from angel investors including Brett Hurt, Nav Sooch, Andy Roddick, Leon Chen, and Barshop Ventures. Verb plans to use the money for sales and marketing as well as the development of its […]

WeWork and Sku Team Up to Launch WeWork Food Labs in Austin

Austin has become a hotbed of activity for consumer-packaged goods companies. And Sku Accelerator, founded in 2011, has been a major catalyst for helping brands do well. And now SKU is teaming up with another well-known name in Austin – WeWork, which has seven locations throughout Austin. The newest site is WeWork at the SXSW […]

Sense Corp. Moves Headquarters to Austin From St. Louis

A consulting company focused on data and artificial intelligence, Sense Corp., is moving its corporate headquarters from St. Louis to Austin. The company, founded in 1996, already had an office in Austin. It also has operations in Dallas, Houston, Columbus, and Minneapolis. “While a large portion of our business has always come from Texas, we […]

Sana Benefits is Disrupting the Healthcare Insurance Industry in Texas

Sana Benefits moved to Austin a year ago from the San Francisco Bay area with a focus on disrupting the insurance industry and providing healthcare coverage for small to medium-sized businesses.  “We had this idea for how to fix small business health insurance and the barriers to starting it California were really high,”  said Will […]

Internet Pioneer Bob Metcalfe Says the Internet’s 50th Birthday is Just the Start of Disruptions and Innovations Tied to Massive Connectivity

Connectivity is not new, said Bob Metcalfe, inventor of Ethernet and professor of innovation at the University of Texas at Austin. It harkens back to rivers and roads. The Chinese expression is “If you want to get rich, first build a road,” he said. His ancestor, Blind Jack Metcalf, built the first 180 miles of […]

Infinitum Electric Closes on $12.5 Million in Additional Funding

Infinitum Electric, an electric motor maker, announced Thursday that is has raised $12.5 million in funding. The Austin-based startup, founded in 2016, closed the Series B round of funding led by Cottonwood Technology Fund with participation from Chevron Technology Ventures and AJAX Strategies and other investors. The latest funding follows a $1.8 million Series A […]

Austin-based Cerebri AI Raises $7 Million

Cerebri AI, which uses artificial intelligence and machine learning to improve customer relations for companies, announced Wednesday that it has raised $7 million in venture capital funding. The Austin-based startup raised the funds from new investor Arcris Capital Partners and existing investors. Cerebri AI has raised $16.4 million to date. The company, founded in 2016, develops […]

Techstars Austin Welcomes 10 Startups Into its 2020 Program

Techstars Austin announced its 2020 class this week, including five Austin-based startups among the ten participating in the program. Another startup comes from Dallas and the remaining ones from New York, Florida, Ohio, and India. Also, this is the 10th Techstars program in Austin since it kicked off in 2014 and the fifth being run […]

December Austin Tech Events to Attend

The lights are twinkling bright in Austin and there’s still a lot to do in December as the technology community celebrates another stellar year. Be sure to check out Mozart’s Christmas Light Show daily from 6 p.m. to 11 p.m. through Jan. 5th. And Dec. 10th – Austin’s Trail of Lights kicks off at Zilker […]

Austin’s Cloudsnap Raises $1.8 Million and Hires New CEO

Austin-based Cloudsnap announced recently that it has closed a $1.8 million funding round. In addition, Matt Bradley, a former Rackspace Chief Strategy Office, was appointed Chief Executive Officer of Cloudsnap. Active Capital, based in San Antonio, led the investment round along with Houston-based Mercury Fund. To date, Cloudsnap has raised $4.1 million. When Bradley worked […]

Austin’s Shotgun Seltzer Lands $1 Million Investment From Unorthodox Ventures

Shotgun Seltzer, Austin’s first craft spiked seltzer, announced recently that it has received a $1 million investment from Unorthodox Ventures. It is the second investment since Unorthodox Ventures moved to Austin. The firm, founded by Carey Smith, founder of Big Ass Fans, has also invested and acquired GoFish Cam. Austin-based Shotgun Seltzer launched in July […]

Austin’s Next Coast Ventures Closes on $130 Million Fund

Next Coast Ventures announced this week it has closed on its fund of $130 million. The Austin-based venture capital firm previously raised an $85 million fund in March of 2017. “Next Coast Ventures’ progress is a direct result of the hard work and dedication of the founders in our portfolio,” Michael Smerklo, co-founder and managing […]

REX Raises $40 Million to Disrupt the Real Estate Buying and Selling Process

REX, a home buying startup that uses big data and artificial intelligence, announced this week that it has raised $40 million in a Series C funding round. The company, founded in 2014 in the Los Angeles area, moved to Austin a year ago. To date, REX has raised $110.5 million in total funding. REX plans […]

President Trump Tours Plant with Apple CEO Tim Cook and Apple Begins Construction on its $1 Billion Campus Nearby

Apple has begun building its new campus in Austin. And on Wednesday afternoon, Apple CEO Tim Cook and President Donald Trump flew into town to tour Apple’s Mac Pro computer production facility. The Mac Pro facility is near where Apple is investing $1 billion to build its largest campus outside its headquarters in Cupertino, California […]

SparkCognition’s CEO Says the Magnitude of AI’s Impact on Businesses is Unignorable

Technology is the instrument that can lead to a brighter future, according to Amir Husain, founder, and CEO of Austin-based SparkCognition. SparkCognition is doing significant projects with partners all over the world to build and deploy technology to shape the future, Husain said. But the biggest question he gets asked from companies is what is […]

DivInc Cohort #5 Founders Pitch at Demo Day in Austin

Ten years from now, if DivInc, an accelerator program aimed at helping women and founders of color, didn’t exist, then it would have achieved its goal, said Preston James, founder, and CEO. “We set out to transform the ecosystem by making it more authentically inclusive,” James said. Austin-based DivInc launched in 2016 and has had […]

Austin-based Swivel Provides Fast-Growing Startups a Platform to Easily Lease Office Space

Fast-growing startup tech companies outgrow office space quickly. That’s led to the popularity of co-working sites like WeWork but the WeWork model comes with shared space with others and doesn’t include company branding, said Scott Harmon, Founder, and CEO of Swivel, an Austin-based office leasing platform. “It’s like working at the mall,” Harmon said. That’s […]

Austin Founders Among Investor Group Acquiring Nautilus Magazine

An investor group including several Austin founders have joined together to buy Nautilus, a literary science magazine founded in 2013. The New York-based magazine has 10,000 paying subscribers and has an online reach of more than 10 million. Daily Dot co-founder and CEO Nicholas White is leading the investment group that is acquiring Nautilus. He […]

Austin Tech Events to Attend in November

November is jam-packed with lots of fun events to attend. Silicon Hills News is hosting its first SpaceATX event on Wednesday, Nov. 6th. We hope to see you all there. And Silicon Hills News is currently taking photos for our 2020 Austin Tech Calendar. There is only one spot left for a startup to be featured. […]

Corporate Innovation Firm Rainmaking Expands to Austin

Rainmaking, a corporate innovation and development firm, has opened an office in downtown Austin. The organization, founded in 2006 in Denmark, runs Startupbootcamp accelerator programs throughout Europe. It launches impact-focused startups, builds them into successful companies and eventually exits them. To date, Rainmaking has scaled more than 700 ventures in 15 different industries, which collectively […]

LoudCrowd Lands Funding to Help Brands Incentivize Customers to Share Products on Social Media

Brands have worked with influencers to sell products through social media for a long time. But it’s been more difficult for them to engage with regular customers who might like their products. And that’s where LoudCrowd saw an opportunity. The Austin-based startup sells software directly to brands that allow them to reward customers who promote […]

Sana Lands Another $3.6 Million in Seed-Stage Funding

Sana announced Tuesday that it has received an additional $3.6 million in seed funding, bringing its total seed funding raised to date to $6.3 million. The Austin-based healthcare insurance startup reported that the seed funding was led by Gigafund and Trust Ventures. Other investors include Greenlight Re and Mark VC as the other major institutional […]

Growth Acceleration Partners Says Diversity and Inclusion is Key to its Success as a Custom Software Developer

Instead of seeking venture capital, Joyce Durst, Co-Founder, and CEO of Growth Acceleration Partners decided to bootstrap the software development company. Growth Acceleration Partners, known as GAP,  offers analytics, cloud, mobile and QA services. Before co-founding GAP, Durst served as CEO of venture-backed startup Pinion Software, a security software company. At that company, she raised […]

Complying with Data Privacy Laws May not be Sexy, but Austin-based Osano Says it’s a Billion Dollar Business

In the modern era, every company is a global company, said Arlo Gilbert, CEO, and Co-Founder of Osano. Today, more than 65 laws exist worldwide governing how companies handle customers’ data online and privacy laws, Gilbert said. Most notably, the General Data Protection Regulation, known as GDPR, went into effect in May of 2018. It […]

Shipwell Raises $35 Million, Plans to Expand in Austin and Chicago and Hire 200 More Employees

Shipwell, which makes an online platform for any business to ship and track freight easily, announced Thursday that it has raised $35 million. Georgian Partners, based in Toronto, Canada, led the Series B round. Other investors include Fifth Wall, Global Founders Capital, Box Group and Aspect Ventures. To date, Shipwell, founded in 2016, has raised […]

Austin-based Literati Lands $12 Million in Funding

Literati, a children’s subscription book service, announced Wednesday that it has received $12 million in new funding. Nikhil Basu Trivedi at Shasta Ventures led the Series A round. Jessica Ewing and Kelly Carroll founded Literati in 2016. Literati is a children’s book club aimed at children from birth to 12 years old. The company plans […]

Hypergiant Partners with Dynetics to Create Space Mission Solutions

Hypergiant announced Wednesday a new partnership with Dynetics to develop space mission solutions for government and commercial customers. The companies plan to use Amazon Web Services and its cloud for artificial intelligence, machine learning, analytics, Internet of Things and AWS Ground Stations to deliver mission and payload on-demand services. “These services will support the current […]

Opcity Plans to Double in Size Adding 600 More Employees

Opcity plans to double in size hiring 600 more employees in the next couple of years, said Ben Rubenstein, the company’s CEO and Co-Founder. Already, Opcity has 660 employees. It grew from zero to 660 in less than four years, he said. Opcity plans to hire 500 new employees next year, he said. Opcity is […]