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 […]