Gov. Abbott Signs Law Governing Uber, Lyft and Other Ride Hailing Companies in Texas

Governor Greg Abbott on Monday signed House Bill 100 which provides statewide regulation of popular ride-hailing companies. And Lyft and Uber both began providing rides in Austin once again. The law is effective immediately. It overrides local laws passed by cities like Austin to govern ride hailing companies. “Texas has longtime been the home for […]

17 Companies Named Winners of the 2017 Austin A-List of the Hottest Startups

By LAURA LOREK Publisher and Reporter with Silicon Hills News More than 800 people turned out Thursday night at ACL Live at the Moody Theater to celebrate 17 companies that made the Austin Chamber’s 2017 Austin A-List of the Hottest Startups. “In many ways, A-List is a lot like SXSW in that it helps shine […]

Uber and Lyft Announce Plans to Return to Austin on Monday

Uber and Lyft, the ride hailing companies, that rode off into the sunset a year ago when they couldn’t reach agreement with local officials, have announced plans to return to Austin on Monday. “Austin is an incubator for technology and entrepreneurship, and we are excited to be back in the mix. Our local team is […]

Billionaire Mark Cuban Leads $1.5 Million Investment into Austin-based Meta SaaS

Billionaire Mark Cuban is leading a $1.5 million seed round investment into Austin-based Meta SaaS, which runs a platform for managing software as a service subscriptions for companies. The startup announced the investment this week which also includes Bazaarvoice and data.world Founder Brett Hurt and participation from Barracuda Networks, Capital Factory, Deep Space Ventures and […]

Opcity and Yodle Co-Founder Ben Rubenstein Recounts his Entrepreneurial Journey on Ideas to Invoices

By LAURA LOREK Publisher and Reporter with Silicon Hills News At a funding pitch to a venture capitalist, Ben Rubenstein, co-founder of Yodle sketched out a business plan on a napkin. He showed the potential investor how Yodle was going to raise millions to capture the small to medium sized business market as customers for […]

Austin Chamber to Host the 2017 A-List Hottest Startup Awards

Austin is known for innovative startups. And the Austin Chamber of Commerce shines a spotlight on the best and brightest ever year at its annual A-List Of Hottest Startups Awards. The event, which takes place next Thursday from 4:30 p.m. to 7:30 p.m. at ACL Live at the Moody Theater, is one of the city’s […]

Texas May Soon Have a Statewide Law to Regulate Ride Hailing Companies Like Uber and Lyft

A bill that would let the state of Texas govern transportation network companies like Uber and Lyft passed the Texas Senate this week and is now awaiting Gov. Greg Abbott’s signature to become law. Texas HB 100 would regulate all transportation network companies, also known as ride hailing companies, operating in Texas and require them […]

Usabili.me Launches App for Real Time Customer Feedback Online

Usabili.me this week officially launched its app that lets companies remotely moderate conversations online with customers in a few simple and easy steps. The Austin-based startup is aiming the product at the design and research community that wants to improve website performance and other products. The cloud-based subscription service provides fast and easy feedback from […]

Techstars’ Jason Seats Recounts Lessons From his Entrepreneurial Journey on the Ideas to Invoices Podcast

In 2006, Jason Seats joined his college friend Matt Tanase to found Slicehost in St Louis. Two years later, they sold Slicehost, a cloud computing hosting provider aimed at developers, to San Antonio-based Rackspace for millions. This week on the Ideas to Invoices podcast, Seats recounts how he built Slicehost with Tanase into a thriving […]

Google Buys Austin-based Owlchemy Labs

Google announced Wednesday in a blog post that it has acquired Austin-based Owlchemy Labs, a virtual reality game developer. “Together, we’ll be working to create engaging, immersive games and developing new interaction models across many different platforms to continue bringing the best VR experiences to life,” according to the Google blog post. The financial terms […]

Opcity Raises $27 Million to Expand its Real Estate Technology Platform and Plans to Hire 200 Employees in Austin

Opcity, which has created a data and analytics driven technology platform for real estate agents and brokers, Wednesday announced it has raised $27 million in funding. Icon Ventures, based in Silicon Valley, led the Series A round with participation from Georgian Partners and LiveOak Venture Partners. As part of the funding deal, Tom Mawhinney, of […]

Dropoff Raises $8.5 Million to Expand is Same Day Delivery Service Nationwide

Dropoff, the same day delivery service, announced this week it has raised $8.5 million in additional funding. The Austin-based startup, founded in 2014, plans to use the money to expand to 35 additional markets in North America, according to a news release. Last week, Dropoff announced it had entered three new markets: San Diego, Fort […]

NarrativeDX Raises Venture Capital for its Artificial Intelligence Platform Aimed at Healthcare Providers

NarrativeDX, an artificial intelligence platform that lets healthcare providers communicate with patients, announced Tuesday it has raised a round of funding. The Austin-based startup, founded in 2014, didn’t reveal the funding amount but reported it was led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Last year, in a profile on the company by […]

eRelevance Lands $5.1 Million in Venture Funding to Expand its Marketing Platform Aimed at Small Businesses

Austin-based eRelevance Corp, which makes a marketing platform for small to medium sized businesses to engage customers, Tuesday announced it has closed a $5.1 million round of funding. The company, founded in 2013, plans to use the funds to accelerate its growth by hiring more sales and marketing staff and to further develop its marketing […]

Silicon Hills News Launches on Patreon

By LAURA LOREK Reporter with Silicon Hills News Plato said: “Those who tell the stories rule society.” That is why fake news is so harmful to everyone. At Silicon Hills News, the news is real. For the past six and a half years, I’ve worked without a paycheck to bring technology news to the people […]

IT Security Company Lepide Selects Austin for its Global Headquarters

Lepide announced Wednesday that it has selected Austin for the site of its new global headquarters. The company, founded in 2005, also has offices in London and New Delhi and employs 236 people worldwide. It expects to have more than 50 people in its Austin office located at 600 Congress Avenue within the next 18 […]

EverlyWell Lands $2 Million More in VC Funding

EverlyWell, the Austin-based healthcare testing platform, announced Wednesday that it has received $2 million more in venture capital funding. The company, founded two years ago by Julia Cheek, the company’s CEO, has received $5 million in total funding. NextGen Venture Partners led the round with participation from Jack Novak, SoGal Ventures, Full Tilt Capital and […]

Bitfusion Lands $5 Million in VC Funding

Bitfusion, an Austin-based startup, announced Tuesday that it has received $5 million in venture capital funding. Vanedge Capital led the Series A round with participation from new investor Sierra Ventures and existing investors Data Collective, Resonant VC and Geekdom Fund. Bitfusion, which participated in the 2015 Techstars Cloud program in San Antonio, makes specialized software […]

CTAN is the Most Active Angel Network in the Country

The Central Texas Angel Network, known as CTAN, is once again one of the most active angel investment networks in the country, by number of deals done in 2016, according to the 2016 HALO report. The Angel Resource Institute, along with PitchBook, released the annual report last week. In 2016, the most active angel groups […]

Entrepreneur Louise Epstein Shares her Secrets to Success on Ideas to Invoices

By LAURA LOREK Publisher and reporter with Silicon Hills News In 1994, Louise Epstein launched Charge-Off Clearinghouse after serving on the Austin City Council. “I went on a shameless search to find out what was happening in the world,” Epstein said. There was an explosion in credit card debt and an explosion in debt that […]

FemtoMedical, Coffee Roasting Tech and GenXComm Present at UT Austin’s StARTup Studio

By LAURA LOREK Publisher and reporter with Silicon Hills News The latest presentations at the Innovation Center’s monthly StARTup Studio at the University of Texas at Austin show the variety of problems professor led startups are tackling. They included an acoustic monitoring technology to improve coffee roasting, a handheld laser device to shape bones and […]

Techstars Austin 2017 Demo Day Spotlights 10 Startups

By LAURA LOREK Publisher and Reporter at Silicon Hills News At South by Southwest, Guy Goldstein came up with the idea for WriterDuet when meeting with screenwriters and filmmakers. Goldstein created a platform, similar to Google Docs, to allow writers to collaborate on projects. Today, WriterDuet has more than 25,000 monthly users with 2,000 new […]

Optimizely Buys Austin-based Experiment Engine

Optimizely, based in San Francisco, announced Wednesday it has purchased Austin-based Experiment Engine. The financial terms of the deal were not disclosed. Experiment Engine, a graduate of the Austin Techstars program, creates tools and services that help companies test products online. Claire Vo, Experiment Engine’s CEO and Founder, will join Optimizely and continue to manage […]

CM First Group Raises $1.2 Million in Funding

CM First Group, a software company, announced it has raised $1.2 million in funding. The Austin-based company plans to use the funds for the expansion of its software tools and services. The Central Texas Angel Network and Lone Rock Technology Group with Capital Factory participating led the investment. CM First appointed Clint Whitaker of CTAN […]

Austin-based Factom Raises $8 million in Venture Capital

Factom, a blockchain technology company, announced Tuesday that it has closed on $8 million in funding. The Austin-based startup closed its Series A round with additional investment from Peeli Ventures, Harvest Equity and a number of Austin investors. In October, Factom announced it had closed its Series A round with $4.2 million in investment from […]

CTAN Members Invest $14.2 Million in 43 Companies in 2016

The Central Texas Angel Network reported its members invested $14.2 million into 43 companies in 2016. CTAN members made 15 new investments and 28 follow on investments into existing portfolio companies. That compares to $13.3 million invested in 43 companies in 2015. The nonprofit organization also saw a 40 percent increase in 2016 in the […]

Austin-Based LeanDNA Lands $4.5 Million in VC Funding

Austin-based LeanDNA, a data and analytics platform for factories, on Monday announced it closed on a $4.5 million round of funding. Austin-based Next Coast Ventures led the Series A round. LeanDNA received a seed stage investment from Rony Kahan, co-founder of Indeed. LeanDNA, founded in 2011, plans to use the funding to expand sales, marketing, […]