Tag: Austin (Page 6 of 37)

Drone Maker 3D Robotics Opens an Austin Office

Photo courtesy of 3D Robotics

Photo courtesy of 3D Robotics

3D Robotics, which makes drones for consumers and businesses, has opened a new office in Austin with 12 employees.

Colin Guin, senior vice president of sales and marketing, heads up the new Austin office. He is the former North American president of DJI and was recently featured on a segment on drones by 60 minutes.

In addition, the company announced the hiring of Chief Financial Officer John Rex, a senior finance and operations executive.

3D Robotics, based in Berkeley, has four offices including Austin, an engineering center in San Diego and a manufacturing plant in Tijuana.

“The focus of the new talent acquisition is on pivoting from predominately the B2B and sophisticated hobbyists sectors, to more out-of-the-box-ready products for the everyday consumer,” according to a news release. “Their new offices and key executive hires coincide in time for the launch of their new consumer drone, the IRIS+, this September.”

Chris Anderson, founder of DIYDrones.com and Jordi Munoz founded 3DRobotics in 2009. The company has more than 180 employees and 28,000 customers worldwide.

Austin-Based Upland Software Files to Go Public

imgres-5Upland Software filed a registration statement with the Securities and Exchange Commission Friday for an Initial Public Offering.

The Austin-based company plans to raise up to $50 million, but it has not yet determined the price range for its stock or the number of shares it plans to offer for sell. It plans to list its stock on the New York Stock Exchange under the symbol “UPLD.”

Upland makes cloud-based enterprise management software. Its software is used to plan, manage and execute projects. It sells its software applications through a direct sales organization. It also sells through distributors and resellers. At the end of last year, Upland has more than 1,200 customers and more than 200,000 users in a variety of industries including financial services, retail, healthcare, technology manufacturing, education and more. The company reports increasing its staff from three employees in 2011 to 277 employees at the end of last year.

Upland’s revenue was $41.2 million in 2013, up from $22.8 million in 2012. It reported a net loss of $2.5 million in 2012 and $9.2 million in 2013.

Upland plans to use the money it raises through its IPO to repay its loans and interest on those loans. And it plans to use the proceeds for working capital and other general corporate expenses including buying other companies.

Austin-based Favor Lands $2 Million in Seed Stage Funding

Photo courtesy of Favor

Photo courtesy of Favor

The Wall Street Journal is reporting that Favor, a food delivery service for central Austin, has received $2 million in seed funding.

Favor launched in Austin in June of 2013. It’s also available in Boston and San Luis Obispo.

Zac Maurais and Ben Doherty, graduates from California Polytechnic State University or Cal Poly, founded the company in the Boost.VC accelerator and launched a Favor pilot program in San Luis Obispo. They raised an initial investment round from Tim Draper of Draper Fisher Jurvetson.

The service works through a free mobile App that lets customers order online and then one of Favor’s couriers picks up the goods and delivers it. The deliveries cost a $5 flat fee plus tip.

The drivers wear bright blue tuxedo shirts and drive cars outfitted with oversized blue bowties.

“The company has logged about $2.7 million in transactions since starting about three years ago and its number of deliveries in August were double that of March, executives said, though they didn’t provide revenue figures,” according to the Wall Street Journal. “More than 53,000 customers have signed up for the service, they said.”

“Silverton Partners led the seed investment, joined by Tim Draper and unnamed angel investors,” according to the journal. Read the rest of the story here.

The Largest FounderCon Ever is Being Held in Austin This Week

Brad Feld, co-founder of Techstars with Jason Seats, managing director of Techstars Austin, photo by Laura Lo

Brad Feld, co-founder of Techstars with Jason Seats, managing director of Techstars Austin, photo by Laura Lo

A sea of green shirts will be seen around Austin this week.

First off, Techstars Austin held its Demo Day featuring 11 companies pitching their ventures at the Austin Music Hall on Wednesday.

Now, Techstars FounderCon is underway, which is the annual gathering of Techstars alumni companies from around the world. This is the largest Foundercon ever, said Jason Seats, managing director of Techstars Austin.

This week, 354 founders, 179 Techstars companies and 60 Techstars staff including three of its founders, Brad Feld, David Cohen and David Brown, will meet today and Friday. The meetings, which are closed to press and the public, feature a series of talks and discussions including a fireside chat with Seats interviewing Bob Metcalfe, professor of innovation at UT, inventor of Ethernet and co-founder of 3Com.

Techstars is hosting a party tonight at Mohawk starting at 7 p.m. and a special Austin Open Coffee meetup at Capital Factory beginning at 8 a.m. on Friday.

Freescale’s Discovery Lab Incubating Big Ideas

David Kramer, director of the Freescale Discovery Lab, photo courtesy of Freescale

David Kramer, director of the Freescale Discovery Lab, photo courtesy of Freescale

Big companies are looking at ways to make themselves more innovative.

Freescale, in Austin, has done just that.

The company launched the Freescale Discovery Lab, a hub for innovation at its headquarters in Oak Hill, a year ago. The goal was to incubate big ideas and come up with next big thing. The lab brings together Freescale’s best and brightest from around the globe to test their ideas. Projects explore alternative materials, packaging technology and architecting new systems and software.

“Every employee is encouraged to submit ideas and when accepted, that employee is assigned to the lab in Austin to work full-time on its realization,” according to a news release. “Since its opening, over 200 ideas have been submitted, and more than 20 employees are currently working on nine projects.”

Freescale plans to open a second lab soon in Toulouse, France.

Freescale’s history of innovation includes making the first automotive microcontroller to reduce emissions and get more miles to the gallon and “it also helped transmit the first words from the Moon with its radio frequency (RF) technology.”

“We couldn’t be more proud of what the Freescale Discovery Lab has accomplished in such a short period of time,” Gregg Lowe, Freescale president and chief executive officer, said in a news release. “These labs will continue to be a haven for disruptive innovation that nurtures new ideas, bringing about dramatic improvements in technology that change the face of our industry.”

Freescale hosted an event on its Austin campus at the Freescale Discover Lab last week to celebrate the lab’s successes. David Kramer is the director of the lab.

Innovative Startups Should Apply to the SXSW Accelerator

imgres-4At South by Southwest Interactive for the past six years, innovative tech startups have clamored to get into the SXSW Accelerator to showcase their company before a tech-savvy audience.

This year, the deadline to apply to participate in the SXSW Accelerator is Nov. 7th.

But don’t procrastinate. This is a highly selective accelerator that only takes the best of the best.

The event is open to early stage companies in six categories: entertainment and content technologies, social technologies, enterprise and big data technologies, innovative world technologies, wearable technologies, digital health & life technologies. The startup get to pitch before a panel of industry experts, early adopters and those people with money in the Venture Capital and Angel investment community.

“Past judges have included Tim Draper of DFJ, John Sculley of Apple/Pepsi, Tim O’Reilly of O’Reilly Media, Paul Graham of Y Combinator, Naval Ravikant of AngelList, Guy Kawasaki of Alltop, Chris Sacca of Lowercase Capital, Chris Hughes of New Republic/Facebook, Mark Suster of Upfront Ventures, Albert Wenger of Union Square Venture, Scott Weiss of Andreessen Horowitz, and Bob Metcalfe of Ethernet/3Com to name a few,” according to Chris Valentine, organizer of the event.

The event will be held March 14th and 15th at SXSW in Austin. Apply now at SXSW.

Fashion Metric’s Technology Lets Shoppers Buy Clothes Online That Fit

BY LAURA LOREK
Founder of Silicon Hills News

Morgan and Daina Linton, co-founders of Fashion Metric, photo by Laura Lorek

Morgan and Daina Linton, co-founders of Fashion Metric, photo by Laura Lorek

Fashion Metric seeks to banish ill-fitting clothes.

The startup, founded in Los Angeles, works with apparel retailers to help shoppers understand what size they are so they can order the right size clothes online, said Daina Linton, CEO and co-founder.

Linton, a former PhD candidate at UCLA, came up with idea for the company following a Lean Startup weekend. She continued to work on it at AngelHack. Then she landed angel investment from Mark Cuban. Her husband Morgan Linton, an engineer and sales expert, is also a co-founder.

They’ve been working to solve a common problem people encounter when ordering clothes online – they don’t know what size will fit them. Fashion Metric created data-driven software that solves that problem.

“We’ve built software that acts as a virtual tailor,” Daina Linton said.

Fashion Metric asks shoppers a few questions such as height, weight, size in name-brand shirts and then uses a proprietary algorithm to create custom clothes or to find the right size in off-the-shelf clothes.

Daina Linton comes from a long-line of master tailors, but her experience is in data mining. She did research at MIT and started her PhD at UCLA in informatics. She received a Master’s degree in molecular and medical pharmacology and bachelors degree in engineering from UCLA.

Morgan Linton received a bachelors and masters in computer engineering from Carnegie Mellon University. He got hired as a very early employee at Sonos. But instead of engineering, he went into sales and helped them build their U.S. and international business for 10 years.

Fashion Metric spent the past three months at Techstars in Austin. They are one of the 11 startups pitching Wednesday afternoon at Techstars Demo Day at the Austin Music Hall. Fashion Metric might move permanently to Austin, Morgan Linton said. They’ve extended their lease and they are staying through the fall, he said.

“We’ve really fallen in love with Austin,” Morgan Linton said. “We’re seriously considering moving our company to Austin. For a lot of the reasons everyone is seeing. We see ourselves as a company that is really pulling the fashion industry through the keyhole.”

The last innovation in the apparel industry was a long time ago, he said.

The U.S. Army invented the standard sizes of small, medium and large during the American Revolutionary War so that it could easily outfit soldiers, Morgan Linton said. Those sizes vary widely between brands and it makes purchasing clothes online difficult, he said.

“We see ourselves making the next innovation in the apparel industry,” Morgan Linton said. “We see Austin as being focused on innovation more than any city in the world right now.”

“One thing we’ve noticed in comparison to Los Angeles is the companies that are here are interested in helping out other companies,” he said. “It’s about being part of an ecosystem.”

Fashion Metric, which started focusing on men’s shirts and men’s wear, is expanding into women’s wear.

Today, only 14 percent of people buy clothes online, Morgan Linton said.

“It’s an industry that hasn’t been disrupted by the Internet yet,” he said. “People don’t buy clothes online because people don’t know how something is going to fit.”

Companies like Zappos allow people to buy several different sizes and return what doesn’t fit, he said. But that means a really high return rate. The return rate online is 28 percent, he said.

“The standard sizing system for the ready to wear business has not translated well online,” Daina Linton said.

Fashion Metric’s data driven system understands fit preference as well as size, she said.

Right now, people can take their body measurements three different ways: using a physical body scanner in a store, take a picture with a cell phone or provide measurement statistics, Morgan Linton said.

Fashion Metric also provides data on customers to brands so they can augment their sizing to better fit their customers needs. Fashion Metric’s questionnaire is simple to fill out and provides accurate results, he said.

“We have a massive pipeline of clients that want to use our technology and we’re letting them in as fast as we can with our small team,” Morgan Linton said. “We’re getting incredible introductions from the community to brands that want to use our technology.”

Common Form Wants to Make Tax Filing Simple

BY LAURA LOREK
Founder of Silicon Hills News

Austin Marron, Bill Hendricks and Charles Logston, co-founders of Common Form, photo by Laura Lorek

Austin Marron, Bill Hendricks and Charles Logston, co-founders of Common Form, photo by Laura Lorek

The three founders of Common Form met at Intuit in San Diego.

They worked on the popular tax filing software TurboTax, but they quit in late 2013 to form their own startup to provide a better tax filing solution for simple tax filers.

“Simple tax filers, which are two thirds of the people out there, don’t have a good solution to file their taxes,” said Bill Hendricks, CEO and co-founder of Common Form, a Techstars Austin company. The other co-founders are Charles Logston and Austin Marron.

Common Form is one of the 11 Techstars companies that will pitch at Demo Day on Wednesday afternoon at the Austin Music Hall.

Common Form’s founders all relocated to Austin for the three month long Techstars program but they plan to return to San Diego. The company’s founders have family and roots there and it’s a good place to hire employees in the online tax software industry, Hendricks said.

Logston left his wife with their toddler and infant in San Diego so he could participate in the program. It’s been a sacrifice but it’s been worth it, Logston said. He has only flown home once to visit them over Fourth of July weekend.

“It’s a privilege to be here,” Logston said. “People come from all over the world to participate in this program.”

The three built their Common Form product in 100 days and launched on Feb. 28th and began to process peoples’ taxes, Hendricks said. Then they got accepted into the Techstars program, which has allowed them to develop it further.

“We allow people with simple finances to file their taxes in five minutes from their phone or tablet,” Hendricks said.

That’s because Common Form doesn’t ask a lot of complicated questions. It focuses on people who file the 1040EZ form, the 1040 A form and even 1040 long form filers who don’t have deductions.

Common Form wants to create a native mobile app that will let a person take a picture of their W-2 form, as well as import data from social media and let people file their taxes quickly and easily, Hendricks said.

TurboTax is the number one tax software in the country, followed by Tax Act, H&R Block, Tax Slayer, Hendricks said. In the assisted space, H&R Block is the leader followed by Jackson Hewitt and Liberty, he said.

But those programs are too expensive and complicated for the simple tax filer, Hendricks said.

“This is the first significant innovation in tax software,” he said.

The company has been using Google Ad words as well as Search Engine Optimization strategies to get customers, Hendricks said. Its also marketing through social media and word of mouth referrals, he said. And it’s looking to partner with banks and other financial institutions, he said.

In its first year, Common Form provided a completely free product while the company proved its hypothesis, Hendricks said. The company plans to charge about $20 for federal tax preparation.

“We want to be the white knight of the industry,” Hendricks said. “We want to offer a fair and transparent price.”

Common Form has bootstrapped the company to get it off the ground. They got $18,000 in a pre-seed investment and a $100,000 convertible note for participating in the Techstars program in exchange for an equity stake in the company. Now it’s raising a seed stage investment round.

“We’re excited about Common Form,” Marron said. “Taxes aren’t a historically hip startup area. But there’s huge opportunity here. Doing your taxes suck. We basically want to make all of the complexity go away and take the pain out of the process.”

The Techstars program has helped Common Form a lot, Marron said.

“We had technical experience and industry experience, what we didn’t have was a lot of startup experience,” he said. “It was great to immerse ourselves into a good startup community.”

Clarify Officially Launches its Audio and Video Search Platform

BY LAURA LOREK
Founder of Silicon Hills News
IMG_3724In a corrugated steel shotgun shack on the east side of Austin, Clarify launched its media search platform last week.

The compound on Pedernales street where Clarify works is a cluster of warehouses, which used to store medical supplies, and now house tech startups as well as artists, graphic designers and a bike shop.

Inside the shack, Clarify has cut skylights into the roof and windows into the walls to let in the light. To give the space a more festive atmosphere, they’ve strung red Chinese lanterns from the ceiling along with recently installed ceiling fans and strings of lights.

Giant cloth sacks cover tiles embedded onto wooden frames to act as makeshift soundproofing walls and room dividers. Stacked cement blocks and plywood boards serve as standing desks along the wall. A refurbished chicken coop will soon provide a bookshelf.

IMG_3718Every week, Clarify, which recently rebranded and renamed itself from Op3nvoice, hosts a happy hour in its offices. Clarify has six employees and is looking to hire a back-end developer.

Last week, Paul Murphy, Clarify’s CEO and co-founder, sat down with Silicon Hills News to talk about the company, which moved to Austin from London last year and has big plans to dominate the market for video search.

Clarify wants to deliver complex audio and language processing technologies via its simple application-programming interface, known as a API, which provides programming instructions for using a Web-based software application. With Clarify’s API, developers can search audio and video archives easily and quickly. The Clarify API translates the audio and video into text documents, which can then be searched using keywords.

Clarify made its media search platform available for all developers to integrate multimedia search into their applications in any common programming language.

In the U.S., Clarify is talking to developers in a wide range of industries including telecommunications and media.

Clarify has been in private beta for the past four months with nearly 300 companies testing its software, Murphy said.

“Anybody can now come and sign up,” he said.

Clarify has a lot of companies testing and evaluating its software. It begins charging customers at the end of the month, Murphy said. The company makes money by charging developers to run their data through its platform, he said. The developers send their media, Clarify does the analysis and then they can search it, he said.

“We are completely focused on the API and we don’t have any intention to build any system,” Murphy said.

One of its users, Mobento, an online education platform, makes video available to students on any device. It uses Clarify’s technology to help its users find the exact moment they are looking for in a video by using keywords.

This year, Clarify was one of six companies selected to be in the BBC Media Lab.

“What this gives us is really privileged access to people within the organization,” Murphy said.

With Clarify’s search technology for audio and video, the BBC can make their content discoverable to themselves as well as the public, Murphy said. Right now, the company’s identifying projects within the BBC and it is looking for partners to deploy its technology, he said.

“It’s a long process,” Murphy said. “Media companies don’t do things over night.”

Clarify is selling to developers in any industry, Murphy said.

The company launched out of Techstars London and wanted to be in another city with the Techstars community in the U.S., Murphy said.

“Austin has the best reputation internationally,” he said. It’s easy to recruit people to move to Austin, he said.

Clarify has quickly integrated into the Austin tech community. It recently joined the Capital Factory Incubator. And Sam Decker, one of the founders and former CEO of Mass Relevance and executive with Bazaarvoice, has joined the company’s board of directors.

“Sam is a really great addition to the company because he comes from a space none of us knows,” Murphy said. “I happen to have a background in telephony and finance.”

But a lot of things in the social space are moving to audio and video and they’re looking for tools to turn that into data, Murphy said. A searchable database of videos would make it much easier for advertisers to find content they would like to sponsor, Murphy said.

Someone has to build tools to keep track of all the audio and video content being created and Clarify has the solution, he said. In five years, searching video and audio will be easy and natural, Murphy said. But right now, it’s difficult and cumbersome and Clarify’s technology solves that problem, he said.

Projector Capital and several prominent California and Texas Angel investors fund Clarify, which is currently raising $1 million in seed funding. The company already has more than half of it committed, Murphy said.

Austin-Based Bearch Gets $2.1 Million in Funding for Photo Sharing App “Unseen”

nrdtlnw1lilreyykhmtaSnapchat is one of the most popular apps right now for young people.

The company turned down offers of $3 billion and $4 billion from Facebook and Google, respectively.

Snapchat lets its users send videos and photos and messages which disappear after a little bit. That privacy feature appeals to young people who don’t want pages of data stored about them in some database, easily accessible by future employers, colleges and marketers.

So it only makes sense that more of these type of apps might start to pop up.

Austin-based Bearch announced recently it has received $2.1 million in funding for Unseen, its anonymous photo sharing app aimed at college students.

The company raised the money from Dirk Elmendorf, co-founder of Rackspace; Rony Kahan, CEO/co-founder of Indeed.com; Doss Cunningham, CEO of Woodbolt International and several other angels.

Bearch plans to use the money to market its app to more colleges and to continue to develop its features.

“First released in May 2014 to Texas A&M University students, Unseen was created by Bearch Co-founders Michael Schramm and Munjal Budhabhatti,” according to a news release. “Unseen connects students by providing a safe place to share thoughts, experiences, and struggles without fear of repercussions or judgment. The app requires no sign in, logins or names – only that the user associate with a college campus – and can be downloaded for free on the iPhone app store.” It also offers an Android version.

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