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 […] Raises $240 Million to Expand its Ecommerce Platform Internationally announced on Thursday that it has raised $240 million in new equity and debt funding. With the new funding, 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, […]

Austin’s Radical Girl Gang Plans to Shutter Operations

Radical Girl Gang, an Austin-e-commerce marketplace for women-owned brands, is shutting down after failing to raise funding. Most recently, Radical Girl Gang launched a $350,000 crowdfunding campaign on the Republic platform. The Austin Business Journal first wrote about Radical Girl Gang’s shutdown. “It pains me to share that after two incredible years spearheading the movement […]

Austin’s Geothermix Gets $2.5 Million DOE Grant to Produce Geothermal Energy from old Oil and Gas Wells

Austin-based Geothermix received a $2.5 million grant from the U.S. Department of Energy to establish new geothermal energy and heat production from abandoned oil and gas wells. The company is among four projects selected by the U.S. Department of Energy to receive a total of $8.4 million. The Department of Energy’s focus is to partner […]

Cybersecurity Firm Infocyte Sold to Datto Holding Corp.

Infocyte, a cybersecurity software company started in San Antonio by two U.S. Air Force veterans, has been acquired by Datto Holding Corp. Datto, a cybersecurity and data backup company based in Norwalk, Connecticut, did not disclose the purchase price. Infocyte, founded in San Antonio in 2013, moved to Austin in 2018. Chris Gerritz and Ryan […]