Digital Realty Moves Headquarters from San Francisco to Austin

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

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

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

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

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

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

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

Aceable Receives $50 Million in Funding

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

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

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

Active Capital Raises Second Fund Worth $25 Million

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

Uhnder Raises $45 Million for Digital Radar Technology

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

Self Financial Raises $40 Million in Funding

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

DISCO Raises $40 Million More in Debt Financing

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