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 […]