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, Kronologic.ai  Active Capital, LumenInsuranceTechnologies, Thiken, QuesitonPro,  Zoho and Realtor.com. 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 data.world Finds Success as a B Corp Bringing Together Data Users on its Global Platform

Austin-based data.world had its best year ever in 2019, said Brett Hurt, CEO, and Co-Founder. “2019 will go down in history as the year data.world found enterprise product-market fit and revenue has taken off in a big way,” Hurt said. data.world 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 […]