Trust Ventures of Austin Raises $70 Million in a Second VC Fund to Invest in Startups Disrupting the Status Quo

In June of 2018, Silicon Hills News wrote about Trust Ventures raising a $35 million fund to invest in innovative startups facing public policy barriers. On Friday, Austin-based Trust Ventures announced the close of its second fund, with more than $70 million in committed funds with a goal of reaching $100 million. The venture capital […]

Austin-based RigUp Lands $300 Million in Funding led by Andreessen Horowitz to Expand its Labor Marketplace for the Energy Industry

In one of the largest funding deals for an Austin-based startup ever, RigUp announced on Thursday that it has raised $300 million led by Andreessen Horowitz, a16z. That brings the total raised by RigUp, founded in 2014, to $423.8 million. The Austin-based company is an online marketplace for services and labor for the energy industry. […]

UT Austin Engineering Professor John B. Goodenough Wins Nobel Prize in Chemistry

The University of Texas at Austin has a new Nobel Prize winner in chemistry: John B. Goodenough, a professor in the Cockrell School of Engineering. The Royal Academy of Sciences Wednesday awarded the 2019 Nobel Prize in Chemistry to Goodenough along with Stanley Whittingham of the State University of New York at Binghamton and Akira […]

Ten Startups Pitch at Techstars Impact Demo Day in Austin

For the past three months, Cowtribe Cofounders Peter Awin and Alima Bawah, have rented apartments throughout Austin after moving more than 6,000 miles from Ghana to participate in the Techstars Impact program. “We have had a great experience,” Awin said. “We’ve gone from one apartment to another trying to understand the culture here.” Cowtribe participated […]

Artificial Intelligence Startup SparkCognition Raises $100 Million in Additional Funding

SparkCognition announced Tuesday that it has raised $100 million in additional VC funding. March Capital Partners led the Series C round. To date, the Austin-based startup, founded in 2013, has raised $175 million. “In a short few years, SparkCognition has proven itself to be one of the leading industrial AI companies in the world,” Sumant […]

Hello World and RetailMeNot Work Together to Bring STEM Opportunities to Austin Students

By Sabina Bharwani, Founder and CEO of Hello World Contributed Post to Silicon Hills News Throughout the 2018-2019 academic year and this fall, RetailMeNot has quietly donated significant funds for computer science education to over 500 students across Harmony Public Schools Austin. Through a partnership with Hello World, 4th-7th-grade students across four Harmony campuses work […]

Austin Tech Events to Attend in October

It’s under 100 degrees in Austin so that can only mean one thing: it is Fall! And while temperatures might be cooling off a bit, the Austin Startup and Technology scene is heating up. Lots of cool, fun events to attend in October. And Silicon Hills News is a month away from hosting its first […]

PreFix Closes on $2.7 Million in Funding to Bring Home Maintenance to more Homeowners

PreFix announced Wednesday that it has closed on $2.7 million in funding. The Austin-based home maintenance startup reported that Chicago Ventures led the seed-stage round, which was oversubscribed. To date, PreFix has raised $5 million. Other investors included Brand Foundry Ventures, Brian Spaly, founder of Bonobos and Trunk Club, Paul Hedrick, founder and CEO of […]

Austin-based Cybersecurity Startup Threatcare is Acquired by Tampa-based ReliaQuest

Threatcare, an Austin-based cybersecurity firm founded by Marcus J. Carey, has been acquired by Tampa-based ReliaQuest. The financial terms of the acquisition were not disclosed. Under the deal, Carey will join ReliaQuest’s office of the Chief Technology Officer and the rest of the Threatcare team will join ReliaQuest in various roles. ReliaQuest plans to integrate […]

Diligent Robotics Lands $3 Million in Funding and Launches its Hospital Assistant Robot Moxi

Diligent Robotics has launched its first product, a hospital assistant named Moxi. The Austin-based company has been beta testing its robot and starting Wednesday Moxi will be working fulltime in a Texas hospital. Diligent Robotics also announced it has raised $3 million in seed-stage funding to fuel the launch of Moxi. True Ventures and Ubiquity […]