Oracle Startup Cloud Accelerator to be Based at Capital Factory

In February, Oracle announced it planned to launch its Oracle Startup Cloud Accelerator program in Austin. On Friday, J.D. Weinstein, the new head of the Oracle Startup Ecosystem in Austin, provided details on the program including that it will be based at Capital Factory downtown. “Usually, you don’t hear Oracle and Startup in the same […]

Underminer Studios is Hosting ATXRHACK, an Immersive Technology Hackathon in Austin

Underminer Studios, an Austin-based startup focused on Virtual Reality, Augmented Reality and Mixed Reality applications, is hosting ATXRHACK, an immersive technology hackathon at WalMart’s Technology center downtown. The hackathon focuses on creating innovative solutions for real industry problems. It is sponsored by Underminer Studios, Intel, Walmart, Galvanize, occipital, Cuvee Coffee and Capital Factory. The sponsors […]

Nine Early Stage Startups Pitch at DivInc’s Fourth Demo Day

In two years, DivInc, an Austin-based accelerator focused on mentoring and coaching ethnically diverse and women-led tech startups, has had four cohorts with 36 companies. Those early-stage companies have raised $2.5 million and generated more than $1 million in revenue, said Preston James, DivInc co-founder. “In the next three to five years, you are going […]

The New $35 Million Trust Ventures Fund is Looking to Invest in Disruptive Startups with Billion Dollar Big Ideas

Trust Ventures, an Austin-based venture capital firm has raised an initial $35 million fund, backed by Koch Disruptive Technologies, a subsidiary of Koch Industries, to invest in and support innovative startups facing public policy barriers. Salen Churi and Brian Tochman lead Trust Ventures. Previously, Churi worked as a law professor and founded the Innovation Clinic […]

London-based Finastra Acquires Austin-based Malauzai

London-based Finastra announced this week its acquisition of Austin-based Malauzai, a provider of mobile and Internet banking solutions. The financial terms of the deal were not disclosed. “Credit unions and community banks are the fabric of American financial services. We strive to help them realize the benefits of digital transformation – including being able to […]

Strangeworks Raises $4 Million in Funding

Strangeworks, an Austin-based quantum computing software company, closed a $4 million seed round recently. William Hurley, known as Whurley, the company’s founder and CEO previously announced the company had raised $4 million when the company made its public debut at South by Southwest Interactive in Austin. Just recently, Strangeworks sent out a press release with […]

Eventador Lands $3.8 Million in Funding

Eventador announced recently the company has closed on $3.8 million in seed stage funding. The Austin-based startup announced that the investment came from lead investor LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital Factory and existing investor Keshif Ventures. The company plans to use the money to expand its U.S. and […]

Genstar Capital Acquires DrillingInfo

DrillingInfo, the Austin-based startup digitizing the oil and gas industry, has been acquired by Genstar Capital, a private equity firm based in San Francisco. To date, DrillingInfo has raised $199.7 million in funding, with the bulk coming from private equity investor Insight Venture Partners. Upon close of the deal, Genstar will become the new majority […]

Convey Lands $10 Million in Additional Funding

Convey, a member of the Techstars Austin class of 2014, announced Tuesday that it has raised $10 million in funding. The Austin-based startup received the investment from Silverton Partners, Techstars Venture Capital Fund, RPM Ventures, NextGen and others. To date, Convey has raised $25.75 million. The company plans to use the money to hire key […]

Morgan Flager, General Partner with Silverton Partners, on How the Firm Picks Investments

Morgan Flager, a general partner of Silverton Partners, one of Austin’s oldest home-grown VC firms, is an active investor in early-stage technology startups in Austin. Flager currently serves on the boards of Aceable, Alert Media, Convey, Outbound Engine, Trendkite, The Zebra, Turnkey Vacation Rentals, SourceDay, and Rollick. Before joining Silverton, Flager worked with FTV Capital […]