The Metaverse Offers Opportunities for Immersive Storytelling

The Metaverse is already here, says Erin Reilly, founding director of the Texas Immersive Institute at the University of Texas at Austin. It was first mentioned in the 1992 book Snow Crash, a science fiction novel by Neal Stephenson. Today, the Metaverse is the latest iteration of Cyberspace, a blend of virtual and real-life applications, […]

Venture Capital Firm Trust Ventures Closes on its Third Fund Worth $200 Million

In 2018, Trust Ventures closed on its first venture capital fund of $35 million in Austin. The next year, it closed on a second $70 million fund. And on Tuesday, Trust Ventures closed on its third and largest fund yet, targeting $200 million. To date, Trust Ventures has invested in 22 companies including Sana Benefits, […]

Bodhi Lands $4 Million in Funding to Help Solar Companies Better Serve Customers

When consumers install residential solar panels, they are often left in the dark throughout the process, said Scott Nguyen, founder and CEO of Bodhi. After they sign the contract, they don’t know how long the installation is going to take and what the various steps are, he said. “You can buy $30 worth of takeout […]

Passage Lands $4 Million in Funding for Password Application to Allow Face or Fingerprint Access to Websites

A year ago, Anna Pobletts and Cole Hecht hatched the idea for Passage, a passwordless authentication service for a website that uses biometrics. They were both working at an Austin-based cybersecurity company when they decided to launch their own venture. This week, Passage emerged from stealth operations and launched its beta, and announced $4 million […]

Cart.com Raises $240 Million to Expand its Ecommerce Platform Internationally

Cart.com announced on Thursday that it has raised $240 million in new equity and debt funding. With the new funding, Cart.com plans to roll out its eCommerce platform for online brands internationally. The company has raised $380 million to date. Legacy Knight Capital Partners, the growth equity arm of Legacy Knight Multifamily Office, led the […]

Joel Trammell and Alicia Thrasher Created The Manager’s Playbook and Training Program to Help Businesses Thrive

Managing employees is one of the hardest tasks within a business. Joel Trammell and Alicia Thrasher know how to do it well. Trammell, a successful tech entrepreneur, CEO, and investor, and Thrasher, a successful executive who has led programs for eBay/PayPal, Google, and Anheuser-Busch, teamed up to create a management system. Together, they co-founded Austin-based […]

SKU Picks 6 Startups for its 10th Austin-based Accelerator Program

Austin has become a world-renowned place to launch new brands and consumer packaged goods. And a big reason is that Whole Foods is based in Austin and H-E-B is based in San Antonio. Central Texas is an incubator for new products and one of the accelerators behind scaling those products is SKU, which this week […]

SparkCognition Attains Unicorn Status as its Raises $123 Million in Funding

Meet Austin’s newest unicorn: SparkCognition, an artificial intelligence software solutions startup. The company announced it has closed on $123 million in a Series D funding round. The funding round gives the company a valuation of $1.4 billion. To date, the company has raised $300 million in funding. SparkCognition plans to use the funding for sales […]

Serial Entrepreneur Tim Heyl Sees Massive Growth as Homeward Expands Nationwide

Tim Heyl, founder of Homeward, drew inspiration to become an entrepreneur from his father. His dad was fired for moonlighting around the time Tim was born. His dad launched a book-on-tape kiosk rental business that became a video store. When his employer found out they fired him. Tim’s dad went on to create a chain […]

SXSW Pitch Competition to Feature Four Austin-based Companies as Finalists

South by Southwest’s Pitch Competition showcases some of the world’s most innovative companies. SXSW this week announced the 45 finalists in nine categories featuring four Austin-based startups. The Austin-based startups are Mod Tech Labs in the artificial intelligence, robotics, and voice category, Nephrodite in the health, wearables, and well-being category, Kiro in the smart cities, […]