REE Automotive Picks Austin for its U.S. Headquarters

REE Automotive has chosen Austin for its U.S. headquarters. The Israel-based automotive company is establishing its first center for the assembly and testing of its electric vehicle platforms in Austin. The center is expected to create 150 jobs. The company is exploring collaborations with Koch Industries companies to establish the center. Koch Strategic Platforms, a […]

Austin’s CS Disco Becomes a Public Company Valued at $2.4 Billion

CS Disco became a public company last week debuting on the New York stock exchange under the stock symbol LAW. The Austin-based legal tech company offered its stock at $32 a share and raised $224 million from its Initial Public Offering. And when the stock began trading on Wednesday it “opened at $42.26 and closed […]

From a Cold Email to an IPO: DISCO, a Story of Domain Strength, Grit, Collaboration, and Serendipity

By Krishna Srinivasan, Chairman of the Board, DISCO and co-Founding Partner, LiveOak Venture Partners In October 2013, we received a cold email – it had all the elements on first glance that begged to be ignored.  The email came from a person named “CeCe” who talked about a founder called “Kiwi” and a company called “DISCO” […]

Bright Machines Expands to Austin with new Regional Office and Robotics Lab

Bright Machines announced plans to open a new regional office and lab in Austin. The company, based in San Francisco, is not moving to Austin. Instead, it is opening a new San Francisco headquarters in August. Bright Machines is opening a customer support center and robotics lab in Austin. “The new locations signal a continued […]

Austin-based Bandit Acquired by GoPuff

GoPuff, a Philadelphia-based snack, and beverage delivery company, has acquired Austin-based Bandit, the App-only coffee shop founded by early Uber employee Max Crowley. Bandit, founded in 2019, relocated its headquarters from New York to Austin in September of 2020 because it offered the startup an opportunity to experiment with curbside and drive-through technology in a […]

LitLingo Raises $7.5 Million for its AI-Powered Business Communications Platform

LitLingo, which makes specialized software that allows businesses to monitor and correct real-time communications, announced that it has raised $7.5 million. Breyer Capital led the Series A round of funding with participation from former IBM CEO Sam Palmisano and existing investors LiveOak Venture Partners, Clarke Nobiletti and James Marsico. To date, LitLingo has raised $9.5 […]

The U.S. Air Force Selects Hypergiant and 28 Other Companies for a $950 Million Contract

The U.S. Air Force has named Hypergiant Galactic Systems and 28 other companies as awardees on a potential $950 million contract, according to GovConWire. The contract is to build and operate systems across land, air, sea, space, electromagnetic spectrum and cyber domains as part of the Joint All Domain Command Control program. The companies will […]

Tesla Energy, Brookfield, and Dacra Create the First Tesla Solar Neighborhood in Austin

Not only is Tesla building a $1.1 billion Gigafactory in Austin to make trucks and other vehicles, but Tesla Energy is also creating a solar-powered local neighborhood. Last week, Tesla Energy announced the first Tesla Solar neighborhood called SunHouse at Easton Park, 12 miles east of downtown Austin. Tesla is working with Brookfield Asset Management […]

Legal Tech Startup CS Disco Files to go Public

CS Disco, a legal tech startup, filed papers with the U.S. Securities and Exchange Commission for an initial public offering of stock. The Austin-based company did not set a date to go public or a price for its shares, which will be traded under the stock ticker “LAW.” CS Disco plans to use the proceeds […]

Sana Partners with Proactive MD to Open a Health Care Clinic in Austin

Skyrocketing health care costs is a problem Sana, a health care startup, has set out to solve since its founding in 2017. Recently, the Austin-based company took another step in that direction by announcing a partnership with Proactive MD to open a primary health care center, Sana MD in Austin. With the center, Sana and […]