Austin-based Convey Raises $4.5 Million in Venture Capital

robtaylor

Convey, a Techstars Austin graduate, announced Wednesday it has raised $4.5 million in Series A funding. To date, the company has raised $6.9 million. Silverton Partners led the latest round with participation from Techstars Ventures, Capital Factory and Corsa Ventures. Rob Taylor is the CEO of Convey and Dan Bebout is the founder and vice […]

Between the Queen’s Honour and Brexit, it was a Memorable Week for Austin Tech Delegation

Big Ben and the London Skyline, photo used under the creative commons license.

By SUSAN LAHEY Reporter with Silicon Hills News It has been an almost surrealistic couple of weeks for Fred Schmidt. First, the director of international for Capital Factory learned from the British Consulate in Houston that he had been named a Most Excellent Member of the British Empire for his services to U.K.-U.S. relations, a […]

Capital Factory Joins Union, an International Startup Platform

At the Global Entrepreneurship Summit held at Stanford University in Palo Alto, 1776 and Dell announced a partnership with Microsoft and Capital Factory to create Union, an international startup platform. The platform is based at Startup Federation, a worldwide network with more than 30 startup campuses and mega-hubs. Union is designed to help entrepreneurs worldwide […]

Spiceworks Cuts 12 Percent of its Workforce

In January, Spiceworks turned 10 years old and Jay Hallberg, its CEO and co-founder, said the Austin-based company planned to hire 100 new employees this year. But things changed and this week Hallberg, in a post on the company’s community site, now reports Spiceworks plans to layoff 12 percent of its workforce. In January, the […]

Lightspeed Systems Moves Operations from California to Austin

Lightspeed

Lightspeed Systems, which makes education software, announced plans to relocate all of its operations and employees from Bakersfield, Calif. to Austin. Lightspeed originally moved its corporate headquarters to Austin in 2013 and the company’s founder, Rob McCarthy, moved to Austin a year later. The Bakersfield Californian reports Lightspeed has about 80 employees and most of […]

Savara Pharmaceuticals Buys Serendex Pharmaceuticals

Savara-300x127

Savara Pharmaceuticals, which creates drugs focused on rare respiratory diseases, announced it has acquired the assets of Serendex Pharmaceuticals. The addition of Serendex adds new drugs to its portofolio including Serendex’s flagship product, Molgradex, an inhaled drug in later stage clinical trials in Europe and Japan to treat autoimmune pulmonary alveolar proteinosis. The acquisition is […]

Austin Loses $50 Million Smart City Challenge to Columbus

sMARTCITY

Austin lost its bid to become the winner of $50 million in the Smart City Challenge from the U.S. Department of Transportation and Vulcan Philanthropy to Columbus, Ohio, according to a report in The Columbus Dispatch. Columbus beat Austin, Denver, Portland, Oregon, Kansas City, Missouri, Pittsburgh and San Francisco to win the first Smart City […]

NSS Labs Raises $16 Million in Funds

NSSLabs

NSS Labs, an information security research and advisory company, announced it has raised $16 million in new equity and bank financing. The Austin-based company plans to use the funds to finance the growth of its security products and cloud-based security and risk management platform. Delta-v Capital led the round with participating from LiveOak Venture Partners. […]

Stamps.com Buys Austin-based ShippingEasy for $55 Million

Katie May, photo courtesy of ShippingEasy.com

Stamps.com Tuesday announced its acquisition of Austin-based ShippingEasy for $55 million in cash. ShippingEasy, which makes software to allow online retailers to organize, process, fulfill and ship their orders easily, relocated to Austin from Sydney, Australia in 2012 and is run by Katie May, an Austin native and serial entrepreneur. May has worked as head […]

Umbel Acquires Lodestone

Umbel

Umbel, an Austin-based data software company, announced its acquisition of Lodestone, a fan engagement company, in a blog post. The financial terms of the deal were not disclosed. Mark Drosos founded Lodestone Social Media in Austin in 2008. The company raised $100,000 in investment, according to its Crunchbase profile. Umbel, founded in 2010, raised $20 […]