The Defense Innovation Center Officially Opens at Capital Factory in Austin

By LAURA LOREK Publisher of Silicon Hills News Athena Security showed off its gun detection system at the official opening of the Defense Innovation Center Thursday at Capital Factory. The startup uses existing security cameras coupled with its specialized software that relies on machine learning and artificial intelligence to identify guns in a public setting. […]

Austin Needs More Black People in Every Area of the Technology Industry

By LAURA LOREK, Publisher of Silicon Hills News The median net worth of a black family in the United States is projected to reach zero by 2053. Today, the net worth of a black family is about $17,000, said Rodney Sampson, co-founder, and CEO of Opportunity Hub. While white wealth will continue to grow, black […]

DivInc Partners with Notley Ventures

DivInc, the Austin-based early stage accelerator for women and people of color, on Thursday announced it is partnering with Notley Ventures. In addition, Notley is making a major philanthropic investment in DivInc. “This transformative gift provides us with the resources to grow out capacity and capability, expand our accelerator programming and scale our community impact,” […]

Founder Institute Austin Graduates Six Startups

By LAURA LOREKPublisher of Silicon Hills News The Founder Institute opened in Austin a little over a year ago and has already graduated three classes and helped dozens of entrepreneurs. Martin Martinez, managing director, joined with fellow directors Elisa Sepulveda and Paul O’Brien to launch Founder Institute Austin. They thought Austin needed more founders and […]

Paradromics Moved from Silicon Valley to Austin and is Creating a Brain Modem

By LAURA LOREKPublisher of Silicon Hills News Imagine a nickel-sized device implanted in the brain to help treat chronic and severe mental disorders like schizophrenia, which affect how a person thinks, feels and behaves. It’s not science fiction but a real device that is being developed in Austin. The medical device is the brainchild of […]

Silicon Hills News Unveils the Companies Featured in its 2019 Austin Tech Startup Calendar

Silicon Hills News’ 2019 Austin Tech Calendar Party took place on January 24th at Opcity in Austin. At the party, Silicon Hills News gave away a desktop or wall calendar to 175 guests. To order additional calendars please visit our Eventbrite form for our lunch and learn event on February 24th. You don’t have to attend the event […]

San Antonio-based Active Capital Raises $21.5 Million VC Fund

Active Capital, a San Antonio-based venture capital firm, announced it has raised a $21.5 million fund focused on providing seed stage funding to business to business software companies. Originally, Pat Matthews, Active Capital’s founder and CEO, set out to raise a $15 million fund, but it was oversubscribed. “We closed on the fund Dec. 31st […]

Cirrus Logic and Ten Other Austin Companies Make the 2019 Best Workplaces for Commuters List

It’s no secret that driving in Austin, especially for downtown workers, has become one of the biggest aggravations about working or living in the city. Austin ranked 14th among the most congested cities in the U.S. in 2017 with commuters spending 11 percent of their driving time in congestion, according to a study last year […]

RigUp Raises $60 Million in Additional Funding

Austin-based RigUp announced it has raised $60 million in funding. The company, founded in 2014 as an online marketplace for services and labor for the energy industry, has raised $123.8 million in funding to date. Founders Fund, based in San Francisco, led the Series C funding round with participation from existing investors Quantum Energy Partners, Global Reserve […]

Billd Lands $60 Million to Expand its Bill Me Later Service for the Construction Industry

While working at another fintech startup, Chris Doyle saw a major problem with commercial subcontractors not being able to pay suppliers in time for their projects. He left that startup to found Billd, which acts as a bill me later service for commercial subcontractors to buy materials and pay for them over time. Austin-based Billd […]