Olea Edge Analytics Closes on $35 Million in Funding

Olea Edge Analytics, a water monitoring system for utilities, announced it has closed on $35 million in funding. Insight Partners, a private equity and venture capital firm based in New York, led the Series C funding round. Austin-based Olea plans to use the funds to further develop its artificial intelligence and edge computing-based solutions to […]

San Antonio-based Pathwire Bought for $1.9 Billion by Sinch

In a big win for San Antonio’s technology industry, a Swedish company is buying Pathwire, an email delivery platform spun off from Rackspace, for $1.9 billion. Sinch AB, based in Stockholm, Sweden, announced last week that is acquiring Pathwire and its Mailgun, Mailjet and Email on Acid products, used by more than 100,000 developers and […]

Tesla is Moving its Headquarters to Austin, but it’s Also Generating Energy in Texas and Launching Vehicle Insurance

Tesla is moving its headquarters from Palo Alto to Austin. Elon Musk, Tesla Founder and CEO, made the announcement at Tesla’s 2021 shareholders meeting, which was held in Austin at Tesla Gigafactory under construction in eastern Travis County and broadcast on YouTube. In July of 2020, Musk announced plans for its $1.1 billion Giga factory […]

Austin’s Banyan Water Sees Water Conservation as the Most Critical Resource Issue Facing the U.S.

Banyan Water, a water management system, seeks to save companies money and conserve water. Gillan Taddune, Banyan Water’s Chief Executive Officer, recently spoke with Silicon Hills News on its Ideas to Invoices podcast about how companies and institutions should be monitoring their water usage to detect leaks and other problems before they get out of […]

Austin Startup Week Panel Discusses the Growing FemTech Industry and the Impact of Texas’ Restrictive Abortion Law

FemTech, which includes everything from menstrual products to telehealth services, is an industry that growing rapidly globally. Austin Startup Week hosted a panel discussion Wednesday with innovators from across the country to talk about telehealth services and the FemTech industry. Women’s telehealth is bridging the gaps of access, said Shawna Butler, a registered nurse, who […]

Texas and Austin See Record Levels of VC Funding in 2021 and it’s not Slowing Down

U.S. Venture Capital is on pace to double from last year’s record levels of $156.2 billion invested in 12,254 deals nationwide, according to Pitchbook-National Venture Capital Association Venture Monitor data. Already, at the end of the first quarter of 2021, 7,000 companies have raised more than $150 billion in funding. “2021 is definitely going to […]

The 11th Annual Austin Startup Week Kicks Off

The 11th-annual Austin Startup Week takes place Monday through Thursday this week. The Monday women in technology event, however, was rescheduled because of outages on the Internet throughout the day, according to event organizers. Because of the COVID-19 pandemic, the event is primarily taking place online, although some in-person happy hours and other events have […]

Austin Engineers Create MoToGo as a Solution to Last-Mile Delivery Problems

In Austin, a group of engineers has created a solution to the problem of last-mile delivery. It’s MoToGo, an at-home system for packages. MoToGo has a vision of a future where the delivery of goods is affordable, simple, secure, equitable, and sustainable, said David Ruth, CEO and Co-Founder of MoToGo, based in Austin. The system […]

LOOP Lands $21 Million in Funding to Expand AI-Driven Auto Insurance

A few weeks ago, LOOP, a new car insurance company, launched in Texas. And now, LOOP has announced it has closed on a $21 million Series A funding round co-led by Foundry Group and 01A, the fund of former Twitter CEO Dick Costolo and COO Adam Bain. The round includes participation from existing investors in […]

Ferry is Launching in Austin to Make Short-Term Electric Vehicle Leasing Easy and Affordable

Electric mobility should exist for everyone, said Kristian Russell, Chief Executive Officer and Founder of Ferry. That’s why he created Ferry. “Upgrading your car with Ferry is as easy as upgrading your phone,” Russell said.  Ferry, based in Austin, uses an app-based platform to handle all the transactions of leasing an electric vehicle for 6 […]