Internet Pioneer Bob Metcalfe Says the Internet’s 50th Birthday is Just the Start of Disruptions and Innovations Tied to Massive Connectivity

Connectivity is not new, said Bob Metcalfe, inventor of Ethernet and professor of innovation at the University of Texas at Austin. It harkens back to rivers and roads. The Chinese expression is “If you want to get rich, first build a road,” he said. His ancestor, Blind Jack Metcalf, built the first 180 miles of […]

Infinitum Electric Closes on $12.5 Million in Additional Funding

Infinitum Electric, an electric motor maker, announced Thursday that is has raised $12.5 million in funding. The Austin-based startup, founded in 2016, closed the Series B round of funding led by Cottonwood Technology Fund with participation from Chevron Technology Ventures and AJAX Strategies and other investors. The latest funding follows a $1.8 million Series A […]

Austin-based Cerebri AI Raises $7 Million

Cerebri AI, which uses artificial intelligence and machine learning to improve customer relations for companies, announced Wednesday that it has raised $7 million in venture capital funding. The Austin-based startup raised the funds from new investor Arcris Capital Partners and existing investors. Cerebri AI has raised $16.4 million to date. The company, founded in 2016, develops […]

Techstars Austin Welcomes 10 Startups Into its 2020 Program

Techstars Austin announced its 2020 class this week, including five Austin-based startups among the ten participating in the program. Another startup comes from Dallas and the remaining ones from New York, Florida, Ohio, and India. Also, this is the 10th Techstars program in Austin since it kicked off in 2014 and the fifth being run […]

December Austin Tech Events to Attend

The lights are twinkling bright in Austin and there’s still a lot to do in December as the technology community celebrates another stellar year. Be sure to check out Mozart’s Christmas Light Show daily from 6 p.m. to 11 p.m. through Jan. 5th. And Dec. 10th – Austin’s Trail of Lights kicks off at Zilker […]

Austin’s Cloudsnap Raises $1.8 Million and Hires New CEO

Austin-based Cloudsnap announced recently that it has closed a $1.8 million funding round. In addition, Matt Bradley, a former Rackspace Chief Strategy Office, was appointed Chief Executive Officer of Cloudsnap. Active Capital, based in San Antonio, led the investment round along with Houston-based Mercury Fund. To date, Cloudsnap has raised $4.1 million. When Bradley worked […]

Austin’s Shotgun Seltzer Lands $1 Million Investment From Unorthodox Ventures

Shotgun Seltzer, Austin’s first craft spiked seltzer, announced recently that it has received a $1 million investment from Unorthodox Ventures. It is the second investment since Unorthodox Ventures moved to Austin. The firm, founded by Carey Smith, founder of Big Ass Fans, has also invested and acquired GoFish Cam. Austin-based Shotgun Seltzer launched in July […]

Austin’s Next Coast Ventures Closes on $130 Million Fund

Next Coast Ventures announced this week it has closed on its fund of $130 million. The Austin-based venture capital firm previously raised an $85 million fund in March of 2017. “Next Coast Ventures’ progress is a direct result of the hard work and dedication of the founders in our portfolio,” Michael Smerklo, co-founder and managing […]

REX Raises $40 Million to Disrupt the Real Estate Buying and Selling Process

REX, a home buying startup that uses big data and artificial intelligence, announced this week that it has raised $40 million in a Series C funding round. The company, founded in 2014 in the Los Angeles area, moved to Austin a year ago. To date, REX has raised $110.5 million in total funding. REX plans […]

Austin’s Pensa Systems Lands $10 Million More for Drone System to Check Retail Inventory

Flying a drone around a store to check for inventory is the big idea behind Pensa Systems. The Austin-based startup this week announced it has raised $10 million in additional seed-stage funding. To date, Pensa Systems, founded in 2016, has raised a total of $17.2 million. Existing investors Signia Venture Partners and ATX Venture Partners led the funding round […]