UT Spinout GenXComm Lands $20 Million in Funding to Develop Technology for Private Cellular Networks

GenXComm, a telecommunications startup spun out of the University of Texas at Austin, announced it has raised $20 million in funding. Motive Companies led the Series B round with participation from Rain Next-Gen Communications and existing investor BMW iVentures. The Austin-based company plans to use the funding to accelerate its product development and commercial launch of […]

Eventus Systems Closes on $30 Million in Funding

Eventus Systems, an Austin-based trade surveillance provider for major digital asset exchanges, announced it has closed on a $30 million round of funding. Centana Growth Partners led the Series B funding which included participation from DRW VC, CMT Digital, Jump Capital, LiveOak Venture Partners and several new strategic investors. The company plans to use the […]

RealWork Labs Lands $2.5 Million for its Software that Helps Home Service Providers Attract New Customers

While building a tiny home in Austin last March, Rusty Fincke turned to his neighbors and friends to find an electrician. “I was using Nextdoor and asking friends for referrals,” he said. That sparked the idea for RealWork Labs, which creates lead generation marketing software for the home services industry. Fincke joined with Pierce Birkhold, […]

Firefly Aerospace Launches its Alpha Rocket and Then it Explodes

Firefly Aerospace launched its first rocket, Alpha, and then it experienced an “anomaly” and exploded once it reached supersonic speed. “Alpha experienced an anomaly during the first stage ascent that resulted in the loss of the vehicle,” Firefly posted to Twitter. The company, which is based in Cedar Park, launched its 95-foot tall Alpha rocket […]

Serial Entrepreneur Andrew Eye Discusses ClosedLoop.ai’s $34 Million in Funding and its Technology on the Ideas to Invoices Podcast

ClosedLoop.ai, a healthcare technology startup, recently raised $34 million in funding. The Austin-based company plans to use the funding to hire additional staff and to further develop its data science platform for the healthcare industry. Andrew Eye, ClosedLoop.ai’s CEO and Co-Founder, recently sat down for an interview with the Ideas to Invoices podcast to talk […]

ICON Raises $207 Million in Funding to Build Houses on Earth and in Space

ICON, the Austin-based startup that builds homes with its giant 3-D printers using concrete as substrate, has four large-scale 3-D home printers and it has tens of thousands of requests for homes. “It’s sometimes heartbreaking but you have to decide what to say yes to and what to say no to,” said Jason Ballard, Co-Founder, […]

COVID-19 and its Variants Put the Kibosh on Austin Companies Plans to Go Back to the Office

By LAURA LOREK, publisher of Silicon Hills News It’s a difficult landscape for employers and employees to traverse right now in Austin and throughout Texas as COVID-19 and its delta variant spreads rapidly leading to a surge of infections. The loss of life and increase in illnesses also have a profound effect on Texas’ economy. […]

109 Austin Companies Make Inc. 5000 2021 List of Fastest-Growing Private Companies

In Austin, 109 companies made the Inc. 5000 2021 list of the fastest-growing private companies in the country. Overall, the Austin companies on the list had a 183 percent median growth rate, $3.9 billion in total revenue, and added 8,312 jobs. The list includes 12 newly founded companies and 62 repeat honorees. Empowering a Billion […]

Austin-based LawnStarter Acquires Lawn Love

As the grass grows, so does the lawn care industry. And this week, two lawn care startups combined to create an even bigger company to tackle the problem of keeping lawns tidy. Austin-based LawnStarter acquired San Diego-based Lawn Love. The financial terms of the cash and stock deal weren’t disclosed. “The combination of LawnStarter and […]

Eterneva Lands $10 Million to Help People Grieve by Making Diamonds From Cremated Ashes

The Covid-19 Pandemic has killed more than 611,000 people in the United States including 53,000 in Texas. In many cases, during the last year, families were not able to gather for in-person funerals to celebrate the lives of their deceased relatives because of lockdowns and restrictions around the Pandemic. Some of those families turned to […]