Favor has Grown Tremendously Since its Acquisition by H-E-B

By Laura Lorek Publisher of Silicon Hills News Favor, the on-demand delivery startup based in Austin, reached profitability last September. “We became the first on-demand delivery business in the United States, actually, globally, to become profitable and soon after that cash flow positive,” said Jag Bath, Favor’s CEO and H-E-B Chief Digital Officer. “We didn’t […]

Doreen Lorenzo on the Importance of Design Thinking for Problem Solving

Design thinking is a methodology designers have always used to solve problems, said Doreen Lorenzo, founder of the Center for Integrated Design. It started in the early 1960s around industrial design and made a comeback in the early 2000s to address a wide range of issues, Lorenzo said, who is also the Assistant Dean of […]

September Tech Events to Attend in Austin

Austin’s colleges are back in session. Everyone is settling in and getting projects accomplished post-summer vacation and the city’s tech events are providing lots of opportunities for people to network, learn something new and have a good time. Silicon Hills News is hosting two events this month: Healthcare Insurance for Startups and Entrepreneurs on Sept. […]

H-E-B is Creating a Digital Innovation Center in East Austin

San Antonio-based H-E-B is increasing its presence in Austin. The grocery company announced Wednesday that it has leased a two-story, 81,000 square foot building at 2416 East Sixth Street in East Austin for its tech facility and innovation lab for the H-E-B digital team and Favor, the on-demand delivery startup H-E-B acquired earlier this year. […]

San Antonio-based Assembla Buys MyGet

Assembla, a software development platform based in San Antonio, has announced plans to acquire MyGet, a software management company, based in Belgium. The financial terms of the deal were not disclosed. Assembla, founded in 2005 and acquired by Scaleworks in 2016, is a software as a service company that sells a platform that allows coders […]

Spredfast and Lithium Technologies to Merge

Austin-based Spredfast announced that it is merging with San Francisco-based Lithium Technologies. The financial terms of the deal were not disclosed. After the merger, the company will be based in San Francisco with Austin as its largest office. Pete Hess of Lithium will serve as CEO. Rod Favaron, Spreadfast’s CEO, “will work closely with the […]

Quake Capital Launches its First Accelerator Program in Austin with 15 companies

Quake Capital this week officially launched its first Austin accelerator aimed at early stage ventures in a wide range of industries. Quake Capital also has programs in New York and Los Angeles. Fifteen companies are participating in the 12-week program. Each company receives an investment of $150,000. The companies include (Descriptions provided by Quake Capital): […]

New Knowledge of Austin Raises $11 Million to Battle Disinformation Campaigns Online

New Knowledge, based in Austin, announced this week it has $11 million in additional funding, to create tools to fight misinformation online. The cybersecurity company focuses on protecting companies from “from covert, coordinated disinformation campaigns,” according to a news release. It raised $11 million in Series A funding led by GVC Capital with participation from […]

Austin-based Infinite Io Raises $10.3 Million in Funding

Infinite io, an Austin-based data story startup, announced this week it has raised $10.3 million in funding. Former Motorola CEO and Cleversafe Chairman Chris Galvin and his son, David Galvin of Three Fish Capital, led the investment. It also included participation from Chicago Ventures, John Anderson, Dougherty and Company, Equus Holdings and PV Ventures. The […]

Disco Moves its Headquarters to Austin and Plans to Hire 150 Employees

Disco announced this week plans to move its corporate headquarters to Austin from Houston. The company, which makes software for the legal industry, cited Austin’s talent pool, the city’s top universities and the overall technology community as reasons to relocate. Its new headquarters are located at 3700 North Capital of Texas Highway. ‍ Disco currently […]