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 data.world 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, 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 […]