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

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

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

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

Point Health Acquires Austin-Based The Karis Group

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

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

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

Slingshot Aerospace Raises $8 Million in Funding

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

Procore Technologies Buys Austin-based Esticom

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

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

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

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

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

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

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

MassChallenge Austin Names its 2020 Award Winners

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