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 […]