OJO Labs Gets a Swanky New Office at CityView in Austin

Soon, OJO Labs, an artificial intelligence startup, will have one of the best views in Austin. OJO Labs is moving to the top floor of CityView, a four-story building under construction at 1007 South Congress Ave. OJO’s outdoor terrace offers a stunning view of the Texas State Capitol and downtown Austin along Congress Ave. The […]

Slingshot Aerospace Raises $5 Million More in Funding

Slingshot Aerospace announced this week it has received $5 million in new seed stage funding. ATX Venture Partners led the round with participation from new investor Revolution’s Rise of the Rest Seed Fund and previous investors Okapi Capital, Stage Venture Partners, Sway Ventures and Techstars Ventures. Slingshot Aerospace is using artificial intelligence to provide detailed reports about the earth to industries […]

Austin-based eRelevance Suddenly Shuts Down

eRelevance, an online marketing platform targeted at healthcare providers and the mortgage industry, has shut down. The Austin-based startup posted a notice on its Facebook page on Monday “Due to an unexpected situation, as of April 15, 2019, eRelevance Corporation has ceased its operations.” Bob Fabbio, the company’s Co-founder and CEO, confirmed the shut down […]

AI Startup Imandra Moves its Headquarters from London to Austin and Lands $5 Million in Funding

By LAURA LOREK, publisher of Silicon Hills News In 2004, at the University of Texas at Austin, Denis Ignatovich and Grant Passmore met and became roommates soon after. They both enjoyed mathematics and solving difficult problems. Passmore received a bachelor’s in mathematics and Ignatovich received his degree in computer science and finance. “We spent a […]

Austin Startups Pitch at Oracle’s Cloud Accelerator Demo Day

By LAURA LOREK, publisher of Silicon Hills News Oracle held its inaugural U.S. Global Startup Ecosystem Showcase at its Austin Waterfront Campus on Tuesday. The event featured pitches from startups selected to participate in Oracle’s Startup Cloud Accelerator program in Austin. The six-month accelerator took place at Capital Factory in downtown Austin. Five of the […]

Mastercard Buys Austin-based Vyze

Mastercard announced Tuesday that it has acquired Austin-based Vyze, a cloud-based financial technology company. The financial terms of the deal were not disclosed. Vyze, founded in 2008, has raised $48.1 million to date. Vyze works with lenders to provide consumer finance products like branded store credit cards, installment loans and lease to own payment plans. It […]

EverlyWell Lands $50 Million More in Venture Capital Funding

EverlyWell, the Austin-based healthcare testing platform, announced Tuesday that it has received $50 million more in venture capital funding. To date, the Austin-based company, founded four years ago, has received $55 million in total funding. Goodwater Capital led the Series B funding along with Highland Capital Partners. Other investors included Next Coast Ventures, NextGen Venture […]

Zoho Plans to Go Big in Austin but Also Wants to Keep Things Weird

By LAURA LOREK, Publisher of Silicon Hills News Zoho wants to keep things weird in Austin. The software company officially announced this week at its annual Zoholics conference that it is moving its headquarters from Pleasanton, Calif. to a 369-acre campus near the Austin airport. “I like Austin,” said Sridhar Vembu, Zoho’s founder and CEO, […]

NASA Selects UTSA to be Part of an Institute to Create Smart Habitats for the Moon and Mars

University of Texas at San Antonio Associate Professor Arturo Montoya is a civil engineer and an expert on how earthquakes and hurricanes impact bridges and buildings. It’s that expertise that attracted Purdue University principal investigator Shirley Dyke to ask him to collaborate on the Resilient Extra-Terrestrial Habitats Institute for NASA to explore building homes and […]

Austin’s VC Investment up 16 Percent in the First Quarter to $704 Million

By LAURA LOREK, publisher of Silicon Hills News Austin’s venture capital investments rose to $704 million in the first quarter of 2019, up 16 percent from the same quarter a year ago, according to the PwC/CB Insights MoneyTree report. However, the number of deals in Austin dropped almost 8 percent to 37 in the first […]