ScaleFactor Lands $30 Million in VC Funding

Austin-based ScaleFactor, an intelligent finance, and automated accounting platform, announced recently it has closed on $30 million in funding. Bessemer Venture Partners led ScaleFactor’s Series B round of funding. ScaleFactor has raised $53 million to date, according to Crunchbase. Other investors in the latest round include Canaan, Broadhaven Ventures, Firebrand Ventures, and multiple prominent angel […]

Austin’s 2018 VC Funding Hits Records Levels not Seen Since 2000

By LAURA LOREK, Publisher of Silicon Hills News Venture capital investments in Austin soared to $1.33 billion in 2018, the highest on record since the dot-com boom in 2000, according to the latest MoneyTree Report from PwC and CB Insights. Venture capital investments in Austin rose 70 percent in 2018, from $783.4 million in total […]

Outdoorsy Raises $50 Million

Ever wanted to rent an RV from a neighbor? Well, Outdoorsy, based in Austin, just raised another $50 million to make that transaction a reality. Greenspring Associates led the latest round of funding with participation from Aviva Ventures, Altos Ventures, Autotech Ventures and Tandem Capital. “We are interested in marketplace technology companies that challenge the […]

Drillinginfo Buys MineralSoft

Drillinginfo, an energy software and data analytics company, has acquired Austin-based MineralSoft. The terms of the deal were not disclosed. MineralSoft, which graduated from the Y Combinator accelerator program in 2016, had raised $9.2 million in funding to date, according to Crunchbase. Its investors included Cottonwood Venture Partners, Blue Bear Capital, and Y Combinator. Drillinginfo, […]

SXSW Announces Additional Speakers

South by Southwest Conference and Festivals, which is less than two months away, released its latest lineup of keynote and featured speakers Tuesday. The keynote speakers include Endeavor Chief Marketing Officer Bozoma Saint John, director, actress, producer and activist Olivia Wilde, and Instagram Co-Founder Mike Krieger joins Instagram Co-Founder Kevin Systrom in a talk moderated […]

RapidDeploy Opens US Headquarters in Austin

By Laura Lorek, Publisher of Silicon Hills News RapidDeploy, a South African company that has created an emergency platform based on cloud technology, is branching out to Austin. The company officially opened its new U.S. headquarters at a private event at Galvanize Thursday night with Austin Mayor Steve Adler and Mninwa Johannes Mahlangu, the South […]

Infinitum Electric Gets $1.8 Million in Funding to Improve the Electric Motor

Infinitum Electric has reinvented the electric motor. And the Austin-based startup announced Thursday that it has closed a $1.8 million Series A round of financing, led by Cottonwood Technology Fund, based in Santa Fe, New Mexico. Since launching three years ago, Infinitum Electric has raised a total of $2.7 million in funding. The company plans […]

The Top 25 Austin Tech Stories of 2018

By Laura Lorek, Publisher of Silicon Hills News Austin is the hottest tech hub in Texas. That’s something Silicon Hills News has known for a long time since we have been writing about local technology startups since launching as an independent media startup in 2011. In 2018, the city had several big stories. Silicon Hills […]

Nine Austin Startups Make the SXSW Pitch List

Five finalists and four alternates from Austin made the list for the 11th annual SXSW Pitch event to be held at SXSW in March. Two startups from Houston and another from Missouri City, Texas also made the finalist list. “We had a record number of companies apply this year,” said Chris Valentine, event producer for […]

RetailMeNot Makes Changes at the Top With New CEO

RetailMeNot appoints Marissa Tarleton as its new Chief Executive Officer. Cotter Cunningham, founder and CEO, will become the company’s chairman. Tarleton has served as RetailMeNot’s chief marketing officer since 2015. In that role, she has led the company’s brand, consumer, and business marketing and communications initiatives. She is responsible for “driving significant transformation for the […]