25 of Austin’s Hottest Startups to Watch in 2020

Austin had another outstanding year with startup activity overall on the rise. And VC funding in Austin reached levels the city hasn’t seen since the Dot Com boom of 2000. In 2019, Austin-based private companies raised $1.7 billion, up almost 28 percent from 2018, another record year, according to the latest MoneyTree Report from PwC […]

Austin-based Locale Lands $11 Million in Funding

Locale, a hospitality startup that rents upscale apartments for short and long stays, recently announced that it has received $11 million in venture capital funding. The Austin-based company, founded in 2016, has raised $14 million to date. Amplo Ventures led the Series A round of investment with participation from Susa Ventures, Malkin Holdings, Rogue Insight […]

Firefly Aerospace Dealt with a Fire During Rocket Testing

At Firefly Aerospace’s 200-acre testing and manufacturing facility in Briggs, Texas, a fire broke out when the company tested the first stage of its rocket last week. The fire occurred at 6:23 p.m. on Wednesday when the rocket’s four engines were fired “a small fire broke out in the engine bay at the base of […]

Austin’s data.world Finds Success as a B Corp Bringing Together Data Users on its Global Platform

Austin-based data.world had its best year ever in 2019, said Brett Hurt, CEO, and Co-Founder. “2019 will go down in history as the year data.world found enterprise product-market fit and revenue has taken off in a big way,” Hurt said. data.world is like GitHub, the world’s largest software development platform, but it’s an open platform […]

Literati Co-Founder Jessica Ewing Says She is Focused on Raising a Generation of Readers who like Print Books

Jessica Ewing, co-founder, and CEO of Literati called the founding of her company the summer of the pivot. She pitched so many different versions to investors including Etsy for authors, a curated enterprise book service for businesses, the first data-driven publishing house and others. “You name it, I pitched it,” Ewing said. “It just kept […]

Austin’s BuildGroup Launches Open.Exchange to Bring Transparency to the Fundraising Process for Investors and Entrepreneurs

BuildGroup, an Austin-based venture capital firm founded in 2015 which raised a $330 million fund, launched an analytics platform for investors and startup founders last week. It’s called Open.Exchange focused on matching investors with the best startups, and vice versa, said Jim Curry, head of BuildGroup Data Services. “We built it for ourselves, but it […]

Austin is Becoming a Real Estate Technology Hub

The Future of Real Estate Summit took place at the Hotel Van Zandt last Wednesday in the Rainey Street District. The 4-Star boutique hotel, which opened in 2015, is a symbol of the transformation that has taken place in downtown Austin in the last decade. The neighborhood once filled with single-family homes is now an […]

Austin-based Wikibuy is Booming Since its Acquisition by Capital One

Austin has become an eCommerce hub. And that’s thanks, in part, to homegrown startups like Wikibuy, which was acquired by Capital One for an undisclosed sum in November of 2018. Other major Austin players in the eCommerce industry include RetailMeNot, Bazaarvoice, BigCommerce, Dosh, Convey, H-E-B Digital, Black Locus/Home Depot, and Favor. And Austin is also […]

Austin-based FlashParking Receives $60 Million in Funding

Finding a parking space in downtown Austin is an increasingly difficult task that FlashParking seeks to solve. And the Austin-based company landed $60 million in strategic investment from the Growth Fund of L Catterton, a private equity firm. FlashParking plans to use the funds to scale its parking solution into connected mobility hubs. Founded in […]

Austin Tech and Startup Events to Attend in January

Happy New Year! A little late to post the January events this year. But that’s because of the 2020 Austin Silicon Hills News Austin Calendar. It’s made it back from the printers and it’s being prepared for its debut at the sixth annual SHN Calendar Party. This year, the party is being held at The […]