Health Insurance Startup Decent to Wind Down Operations to a Core Team and Layoff Most Employees

Decent, the Austin-based health insurance provider is “shutting down all of its operations to just a core team,” according to a blog post published Friday afternoon by Nick Soman, the company’s founder, and CEO. “Decent’s mission since Richard Luck and I founded the company five years ago has been to deliver affordable health insurance for […]

Josh Wilson Leads SciPlay to New Heights as CEO

After moving to Austin recently, SciPlay’s CEO Josh Wilson has plans to expand operations and move into new areas including building SciPlay’s own gaming platform. In this episode of Ideas to Invoices, Wilson talks about how the COVID-19 pandemic affected the mobile gaming company’s operations. It led to a boom a business as people looked […]

Austin Startups See Booming Growth in 2022 with $4.9 Billion in VC Funding, But Momentum Slows in Q4

The Austin area saw a huge slowdown in venture capital invested in the fourth quarter with $775 million flowing into 78 deals, according to PitchBook-National Venture Capital Association Venture Monitor data. That is down 50 percent in dollars invested from the fourth quarter of 2021 which recorded $1.5 billion in 122 deals, according to the […]

Protopia AI Lands $6 Million in Funding

Protopia AI, based in Austin, announced it has closed on a $6 million seed round of funding led by ATX Venture Partners. The company has developed a software solution that allows big companies to tap into key data by using artificial intelligence and machine learning to extract insights without exposing sensitive information. Protopia cites a […]

Austin-Based Ribbon Raises $2.7 Million to Simplify the Process to Obtain Nonprofit Status

Austin-based Ribbon has closed on $2.7 million to help nonprofit organizations. The company has created a software platform that gives individuals and businesses the banking, accounting, fundraising, and organizational tools they need to build a successful charity under the umbrella of a fiscal sponsor. Ribbon’s fiscal sponsorship model allows individuals looking to conduct charitable work […]

NASA Awards ICON a $57.2 Million Contract to Build Structures on the Moon

NASA has awarded Austin-based ICON a contract worth $57.2 to develop construction technologies that could help build habitats, landing pads, and roads on the moon. NASA is planning for long-term human exploration of the moon under Artemis. “In order to explore other worlds, we need innovative new technologies adapted to those environments and our exploration […]

San Antonio’s Rackspace is Grappling with a Ransomware Attack

A ransomware attack at San Antonio-based Rackspace Technology has caused service disruptions for thousands of its customers. The attack began last Friday, Dec. 2nd, and continues although the company reported Friday night that two-thirds of its customers’ services have been restored. The ransom wear incident affected Rackspace’s Hosted Exchange Email business, which represents one percent […]

Setpoint Solves Real Estate’s Backend Paperwork Problem and Raises $43 Million in VC Funding

In 2021, Ben Rubenstein left Realtor.com with Michael Lam to co-found Setpoint with another friend, Stuart Wall. The problem they identified is a need for critical software to power a more efficient asset-based lending market. They’ve created a funding operating system to replace email, Excel spreadsheets, and computer folders which comprise the backend of real […]

Colossal Biosciences is Bringing Back the Dodo Bird From Extinction and Announces $150 Million in Funding

By Laura Lorek, Publisher of Silicon Hills News First, Colossal Biosciences announced in September of 2021 plans to bring the woolly mammoth back from extinction. The next year, the synthetic biology company announced plans to bring the Tasmanian tiger, also known as the thylacine, back to life. Now Colossal is announcing the launch of its […]

AfroTech Features a Special Screening of Descendant, a Documentary About Slavery and the Residents of Africatown

By Laura Lorek, Publisher of Silicon Hills News One of AfroTech’s most impactful events took place Tuesday night at the Paramount Theater in downtown Austin featuring a special screening of Descendant, hosted by kinkofa, a black genealogy website. Descendant, a new documentary from Participant, Netflix, and the Obamas’ Higher Ground Productions tells a story that […]