Hitch Finds Success Providing Long Distance Ride Sharing in Texas and Florida

Hitch, the ride-sharing company launched by University of Texas at Austin students in 2018, has expanded to Florida. The Austin-based company has already facilitated 60,000 rides in Texas, said Kush Singh, the company’s co-founder, and CEO. It operates in every major Texas city. “Things have gone phenomenally well in Texas,” Singh said. “We were thinking […]

Samsung to Build a $17 Billion Plant with 2,000 High-Tech Jobs in Taylor

Samsung Electronics has announced plans to build a new semiconductor manufacturing facility in Taylor and invest $17 billion in boosting the production of semiconductors in the U.S. “This is the largest foreign direct investment in the state of Texas ever,” said Gov. Greg Abbott during a press conference announcing the project. The new plant will […]

Ten Austin Companies Make Deloitte’s North America Technology Fast 500 List

Ten Austin-based companies made Deloitte’s  “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors. The highest-ranking Austin-based company, Shipwell claimed the fourth spot on the list with 32,670 percent growth from 2017 to 2020. The companies that make the […]

Smithsonian’s FUTURES Exhibit Features Austin-based Hypergiant’s Eos Bioreactor

The Smithsonian’s FUTURES exhibit opened Saturday featuring Austin-based Hypergiant’s innovation. Hypergiant’s Eos Bioreactor, a machine that uses artificial intelligence and algae growth to pull carbon from the atmosphere to provide clean air, is on display as part of the exhibit which features some of the world’s most unique and world-changing innovations. Other items in the […]

Uplevyl, a Women’s Empowerment and Networking Platform, Launches in Austin

Uplevyl, an Austin-based tech company that makes an app and digital platform geared to professional women, launched last Tuesday. Shubhi Bhonsle-Rao, Uplevyl’s founder and CEO, is a former senior executive with Alphabet, Tesco, PricewaterhouseCoopers, and Ford Motor Company, among others. She also sits on the board of directors of Open Lending, Center for Global Development, […]

LiveOak Venture Partners Raises $210 Million Oversubscribed Fund III

A decade ago, Austin-based LiveOak Venture Partners took a few years to put together its first $100 million investment fund. Today, LiveOak Venture Partners announced Fund III, a $210 million oversubscribed fund that took just three months to close. It is the largest institutional Texas-focused, early-stage tech venture capital fund raised in more than a […]

ZenBusiness Raises $200 Million and Becomes Austin’s Newest Unicorn

ZenBusiness, an online platform to help small businesses incorporate and stay compliant with regulators, announced last week that it has raised $200 million in additional funding. That makes ZenBusiness Austin’s newest Unicorn, which is a company that is valued at more than $1 billion. ZenBusiness’ Series C round values the company at $1.7 billion. Oak […]

Innovative Companies Track Where the Market is Moving and Change

Innovation is a paradigm shift, said Lisa Hendrickson, co-author of Boom! Deciphering Innovation: How Disruption Drives Companies to Transform or Die. For example, Apple’s iPhone didn’t just improve on telecommunications and the flip phone, but it altered how many people work and communicate altogether, Hendrickson said. “It was the starting of the unbundling of the […]

Procore Completes its $500 Million Acquisition of Levelset

All the high-rise buildings, warehouses, and manufacturing plants sprouting up in Austin mean there’s a big demand for construction technology to manage it all. Procore Technologies, based in Carpinteria, Calif. with a large Austin office, is one of the companies that provide construction management software. Procore on Wednesday completed its acquisition of Levelset, a fintech […]

Austin Technology Visionary Pike Powers Dies

Austin’s technology industry wouldn’t be what it is today without Pike Powers. Powers put the silicon into the Silicon Hills and the Austin technology industry on the map when he helped to bring the headquarters of Microelectronics and Computer Technology Corp., known as MCC to Austin in 1983. Powers, 80, died Sunday but his legacy […]