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

In 2021, Ben Rubenstein left 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 […]

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 […]

Female Founders Still Face an Uphill Battle Fundraising and it is Getting Worse

Smile a lot and wear a great outfit, those are a few pieces of advice given to women pitching their tech startups to investors. But even that doesn’t seem to work. Women founders actually raised less money last year than in 2020 with female founders securing just 2 percent of venture capital in the U.S. […]

The Largest Black Technology Conference: AfroTech Kicks Off Sunday in Austin

The largest black technology conference, AfroTech Conference, kicks off Sunday at the Austin Convention Center. It marks a return to in-person events after two years of the AfroTech Conference held virtually due to the COVID-19 Pandemic. The conference features fireside chats with technology leaders and music performances. “We are continuing to tackle the diversity gap […]

12th Annual Austin Startup Week Returns to In-Person Events Nov. 14-18th

In another sign things in the Austin startup world are beginning to return to normal following the COVID-19 Pandemic, Austin Startup Week returns to in-person events next week. The 12th annual Austin Startup Week takes place at Capital Factory downtown Monday through Friday next week. Register here. “Austin Startup Week has always been about connecting […]

Founder’s Motivation to Create Decent Healthcare Insurance Came From his Experience as a Patient

More than a decade ago, Nick Soman was learning to walk again after being fully paralyzed by an illness called GBS. His motivation to start Decent. which provides affordable health insurance, came from that experience. “When I had Guillain-Barre Syndrome or GBS,  I went from a fully functional 30-year-old adult human to not being able […]

Argo AI Shuts Down Robo Taxis in Austin and Lays Off 78 Employees

Argo AI, the self-driving startup that launched Robo taxies in Austin, is laying off 78 employees in Austin. The company filed a report with the Texas Workforce Commission, reporting 68 employees would be laid off at Argo’s 7th Street location and 10 employees at its Congress location. Argo AI had engineering and development operations and […]

2022 National Parenting Product Awards Names Austin-based Happypillar as Best App

Parenting is hard and parents often need help. Now an Austin-based startup, Happypillar has come up with a mental health aid for parents. Happypillar’s founders created a digital therapeutic app that teaches parents how to interact with their young children during playtime. The Happypillar app only requires five minutes a day and provides instant feedback […]

Jasper.AI is Austin’s Newest Unicorn Raising $125 Million at a $1.5 Billion Valuation

Jasper, an AI content platform based in Austin, announced last week that the company raised a $125 million Series A funding round at a $1.5 billion valuation. The company harnesses artificial intelligence to help businesses and individuals create content. Its technology has been used in companies to help with blog posts and write and illustrate […]

Texas Attorney General Sues Google for Alleged Biometric Data Collection and Privacy Violations

Texas Attorney General has sued Google over its use of biometric data collections in Texas. Attorney General Ken Paxton alleges that Google unlawfully captured and used the biometric data of millions of Texans without their consent. The lawsuit alleges Google “collected millions of biometric identifiers, including voiceprints and records of face geometry, from Texans through […]

Mod Tech Labs Wins $1 Million in 43North Pitch Competition in Buffalo, New York

Austin’s Mod Tech Labs won $1 million in the 43North pitch competition in Buffalo, New York last week. It was one of five companies that won $1 million each. All the winners must move to Buffalo for a year to participate in the 43North Y8 accelerator program in exchange for a 5 percent stake in […]

UT Austin Space Environmentalist Moriba Jah Named a 2022 MacArthur Fellow

Space environmentalist Moriba Jah, an associate professor of Aerospace Engineering at The University of Texas at Austin, has been awarded a MacArthur Fellowship, also referred to as the Genius Grant. The award recognizes Jah for creating the world’s first real-time streaming of near-miss collisions and activity in space. He also developed ASTRIAGraph for identifying and tracking objects […]

Austin Startups Attract Less VC Funding in the Third Quarter

Austin startups raised $701 million in venture capital in the third quarter of 2022, 30 percent less than the same quarter a year ago, according to the latest Pitchbook-National Venture Capital Association Venture Monitor report. It’s also a nearly 18 percent decline from the $850 million Austin startups raised in the second quarter of this […]

IntagHire is Disrupting the Recruiting Industry

Sponsored Post In 2016, Theresia Intag noticed the recruiting model for companies was broken. “I knew how to fix it,” said Intag, founder and CEO of IntagHire™. To do that, she founded IntagHire™ and created a fractional recruiting model that allowed companies to have access to a whole team of professional recruiters that truly represent […]

ConverseNow Raises $28.8 Million in Funding for its Restaurant AI Order-Taking Platform

Restaurants that use ConverseNow’s AI technology platform can reduce costs, and increase productivity and efficiency, according to the company. And that has led to tremendous growth, said Benjamin Brown, ConverseNow’s vice president of marketing. Today, more than 1,200 restaurants in 40 states use ConverseNow’s technology to take orders from customers. Its customers include Domino’s Pizza, […]

Austin-Based Decent Launches “No More Small Business Monsters” Ad Campaign

Sponsored Post It’s a lot of work to run a small business, from red tape hold-ups to ever-growing mounds of paperwork to mounting fees and compliance issues. Decent, an Austin-based professional employer organization (PEO) offering small businesses benefits, payroll, and compliance help, personified these small business stressors in a new ad campaign, “No More Small […]

EyeVi of Estonia Selects Austin for its U.S. Headquarters

EyeVI Technologies, which is in the geospatial AI-powered digital data production industry in Europe, announced it has opened its U.S. headquarters at Capital Factory. The company’s development hub remains in Estonia. Capital Factory hosted an event on Sept. 23rd to welcome the company with Estonian President Alar Karis, Congressman Lloyd Doggett, and several local city […]

Firefly Aerospace Successfully Launches its Rocket

Austin’s Firefly Aerospace had a successful launch of its rocket. The company announced that it’s Alpha FLTA002 mission successfully reached orbit and deployed customer payloads, lifting off on Oct. 1st at 12:01 a.m. Pacific Standard Time from Vandenberg Space Force Base in California. It reached orbit on its second attempt. Firefly’s rocket exploded on its […]

BAE Systems Opens $150 Million Facility in Austin with Plans to Double its 700 Employee Workforce

BAE Systems announced Tuesday that it has opened a new $150 million engineering and production facility in Austin. The 390,000-square-foot facility is located in Parmer Austin Business Park. BAE Systems plans to use half of the facility for manufacturing. The company has 700 employees in Austin and plans to double its workforce. “The new campus […]

Austin’s LIFT Aircraft to Begin eVTOL Flights via HEXA by the Year’s End

LIFT Aircraft in Austin has developed HEXA, one of the world’s first production electric vertical take-off and landing aircraft, known as eVTOLs. At the MOVE America conference last week in Austin, Matt Chasen, the Founder of Lift Aircraft spoke with Martin Salinas, the Chief Operating Officer of AFWERX about the development of dual-use aerial mobility […]

Kizen Lands $12 Million in Funding

Kaizen is the Japanese business philosophy of continuous improvement as practiced by the Toyota manufacturing system. John Winner first learned about kaizen in 2009 while a student at the University of Texas at Austin. The idea resonated with him and in 2018, Winner named his company Kizen, a domain name one “a” short of kaizen. […]

Colossal Biosciences Spins Out Software Company with $30 Million in Funding

Colossal Biosciences, the company bringing the wooly mammoth and thylacine back to life, Tuesday announced it is spinning out a new venture: Form Bio. The new company will develop and sell a computational life sciences software platform. Form Bio has raised $30 million in Series A funding led by JAZZ Venture Partners with participation from […]

Apptronik is Working With NASA to Create Humanoid Robots

A humanoid robot named Apollo is being created by Apptronik in partnership with NASA. Austin-based Apptronik announced Tuesday that it is working with NASA to accelerate the commercialization of Apollo. Apptronik’s has completed a prototype of Apollo and plans to begin delivering the robot next year. Apollo is a general-purpose robot that is cable of […]

15 VC-Backed Female Founded Companies to Watch in Austin

Female founders have traditionally had a much tougher time raising capital than their male counterparts. And while there have been a lot of pitch competitions, media articles, and focus on the problem, startups led by women still receive a tiny fraction of the overall V.C. dollars invested every year. In fact, last year, startups led […]

BigIdeasATX Speaker Series Shines a Spotlight on Austin’s Best and Brightest Startups

President Joe Biden declared the Pandemic is officially over in an interview on 60 minutes Sunday and Silicon Hills News agrees. That means Silicon Hills News is hosting in-person events again. Welcome back! Before the pandemic, Silicon Hills News hosted monthly lunch and learns at Galvanize, special events like ContentATX, Space ATX, BlogItSA, and our […]

Move America Returns to Austin to Focus on Tech Mobility and Startups

Electric bikes, buses, trucks, trains, cars, drones, electric charging stations, smart cities, and a focus on sustainability and lessening the environmental impact of transportation. All of those topics and more will be explored at the second annual Move America conference, which is coming back to Austin at the Palmer Events Center on Sept. 27 and […]

Austin-based evisio Helps Small to Medium-Sized Businesses with SEO

Michael Ramirez is the founder and CEO of Austin-based evisio, a search engine optimization software company. Evisio helps agencies, marketers, SEO consultants, and businesses of all sizes improve organic search results, no matter their level of SEO knowledge. It takes the guesswork out of SEO by giving users strategic insights and actionable tasks that can […]

 25 Austin-Based Startups to Watch in 2022

Austin had a record-breaking year with startup activity overall on the rise. In 2021, companies in the Austin-Round Rock metropolitan area raised $4.9 billion in venture capital in 387 deals, more than double the $2.3 billion raised in 2020, according to Pitchbook-National Venture Capital Association Venture Monitor data. A few trends Silicon Hills News has […]

97 Austin Companies Make the Inc 5000 2022 List

In Austin, 97 companies made the Inc 5000 2022 list of the fastest-growing private companies in the country. Overall, the Austin companies on the list had a 244 percent median growth rate, $5.3 billion in total revenue, and added 16,792 jobs. The list includes 28 newly founded companies and 69 repeat honorees. AdOutreach, which helps companies with […]

Galvanize is Closing its Austin Coworking Site on August 31st

Galvanize Austin sent an email to its members on August 17th to inform them it is closing its coworking operations on August 31st. “I’m reaching out to inform you that Galvanize has made an immensely tough decision to sunset our coworking operations in Austin,” Lindsey Rohde, senior director of campus operations, wrote in an email […]

Colossal Biosciences is Working to Bring Australia’s Tasmanian Tiger Back from Extinction

Colossal Biosciences announced Tuesday that it has started the de-extinction process of the thylacine, a beloved Australian marsupial, also known as the Tasmanian tiger. The company first announced plans to bring the woolly mammoth back to life last September. It is using breakthrough gene-editing technologies to recreate the woolly mammoth and thylacine. The thylacine is […]

Axiacore Creates Custom Software Solutions for Small to Medium Sized Businesses

At 23 years old, Camilo Nova started Axiacore, a software development firm in the South American country of Colombia. But Nova taught himself to program in python at the early age of 14. He was lucky to have Internet access and a computer in a country where those resources were not readily available, he said. […]

Austin’s 2022 A-List Award Winners Announced

The Austin Chamber of Commerce in partnership with South by Southwest honored its A-List Award winners last Wednesday night at a ceremony at the Long Center for the Performing Arts. It’s the 11th annual awards ceremony that shines a spotlight on homegrown startups. This year was the first time the chamber recognized local investors. The […]

Texas’ Semiconductor Makers will Benefit if Congress Passes the CHIPS Act of 2022

There’s an urgency in Congress to pass legislation before Congress recesses for the month of August.And chief among the bills under consideration is the Creating Helpful Incentives to Produce Semiconductors (CHIPS) for America Fund. The CHIPS-Plus legislation includes incentives for domestic semiconductor manufacturing and investments in U.S. chip research and in total, the bill includes […]

Adding Human Resources Early is Key to Fostering Great Company Culture and Helping Startups to Succeed

Startups and small businesses are so busy in the early stages that human resources isn’t always a priority. But it should be, said Megan Duncan, Founder, and CEO of Cambara Duncan Consulting Firm LLC, based in Austin. “As soon as a business has 15 employees, they need H.R.,” she said. But ideally, they should be […]

Samsung Eyeing $160 Billion Additional Investment in Building More Chip Plants in Taylor and Austin

Last November, Samsung Electronics announced plans to build a new semiconductor manufacturing plant in Taylor and invest $17 billion. But that may be just the beginning. Last week, Samsung filed papers with the Texas Comptroller’s office outlining plans for “up to ten separate fabrication facilities” if the project were located in Williamson County. Fab 1 […]

MeBeBot Creates Intelligent Assistants for the Workplace

Beth White, founder, and CEO of MeBeBot, created a virtual assistant powered by artificial intelligence that can answer frequently asked questions for companies. MeBeBot, founded in 2018, was also one of twelve startups featured in Silicon Hills News’ 2022 Austin Technology Calendar. White recently did a Q&A with Silicon Hills News about her company. Q. […]

Austin Startups Raise $870 Million in 80 Deals in the Second Quarter of 2022

Austin Startups Raised $870 million in the second quarter of 2022, down 55 percent from $1.9 billion during the same quarter in 2021, according to the latest Pitchbook-National Venture Capital Association Venture Monitor report. The deal volume also dropped 13 percent to 80 deals in the second quarter compared to 94 deals for the same […]

Multicoin Capital Announces $430 Million Venture Fund III

Multicoin Capital, a crypto fund founded in 2017, announced last week its latest venture fund, $430 million Venture Fund III. The Austin-based firm invests between $500,000 and $25 million in early-stage opportunities. It also finances later-stage projects up to $100 million or more. “We’ve been investing in crypto for about 5 years now and have […]

Seven Key Takeaways from the Austin Chamber’s Tech Industry Report

1. High-tech salaries in Austin are up since 2020 by nearly 10 percent to an average of $150,026, compared to the average annual salary in Austin of $78,224 for all jobs. 2. Lots of companies have relocated to Austin from California, Illinois, New York, and other states. Today, Austin has 9,565 high-tech companies, up nearly […]

Three Austin and Two San Antonio Startups Receive Google Latino Fund Awards

At the UnidosUS Conference in San Antonio on Monday, Google announced the 50 recipients selected for its first-ever Google for Startups Latino Founders Fund. Among the recipients, Google chose three startups based in Austin including Handsome, Kiss & Tell, and Lena Health. Two startups, CodersLink, and Irys were from San Antonio. And four others were […]

Silverton Partners Raises $248 Million Fund to Invest Primarily in Texas-based Startups

Silverton Partners announced this week it has closed on Fund VII at $248 million, its largest fund ever. The Austin-based venture capital firm, founded in 2006, closed on Fund VI in 2000 worth $144 million, and Fund V at $108 million in 2018. Silverton plans to invest about two-thirds of the fund’s capital to support […]

SXSW Expands to Sydney, Australia

Next fall, South by Southwest Conference and Festivals plans to expand to Sydney Australia. SXSW Sydney will feature technology, film, and music sessions from October 15th to October 22, 2023. It’s the first annual Asia Pacific installment of SXSW in collaboration with TEG, The NSW Government & Destination NSW. “We couldn’t be more excited and […]

Austin’s True Wealth Ventures Closes on $35 Million Fund II Aimed at Investing in Women-Led Startups

Austin’s only venture fund run by women; True Wealth Ventures has closed on its second oversubscribed $35 million Fund II. The firm, founded in 2015 by Founding General Partner Sara Brand and General Partner Kerry Rupp, focuses on investing in women-led companies in the healthcare and environmental industries. True Wealth Ventures closed its first $19.1 […]

Texans Object to the U.S. Supreme Court Overturn of a Woman’s Right to Abortion

The U.S. Supreme Court Friday morning struck down a woman’s right to an abortion, overturning Roe v. Wade, which became law 50 years ago. The court voted 5 to 4 to overturn Roe v Wade. The ruling does not make abortion illegal but does not make it a constitutional right. That allows states to pass […]

Sana Lands $60 Million in Venture Funding to Expand its Healthcare Insurance Business for Small Businesses

Sana, a health care insurance company, Wednesday announced it has closed $60 million in venture capital financing. Trust Ventures and Gigafund co-led the Series B funding round with participation from existing investors American Family Ventures, mark vc, Breyer Capital, JAM Fund, and Liquid 2. To date, Sana, founded in 2017 by Will Young and Nathan […]

At Consensus in Austin, Lawmakers Discuss Proposed Legislation that Aims to Regulate Cryptocurrency

More than half a dozen panels at Consensus 2022, a cryptocurrency conference that kicked off last Thursday in Austin focused on the regulation of cryptocurrency. Among those sessions, U.S. Senator Kirsten Gillibrand, D-NY, talked about the Responsible Financial Innovation Act, a landmark bipartisan bill she introduced last week along with Cynthia Lummis, R-WY, and a […]

Consensus Conference Illuminates Cryptocurrency, DAOs, NFTs, Metaverses, and More in Austin

Consensus 2022 kicked off in Austin this week. It’s a conference put on by media company, CoinDesk, which focuses on Web 3, cryptocurrency, Decentralized Autonomous Organizations, known as DAOs, Nonfungible Tokens, or NFTs, Metaverses, and more. A few hundred people attended the first Consensus in 2015, and this one has more than 17,000 registered ticketholders. A […]

Ownwell Seeks to Simplify Property Tax Protests and Save Homeowners Money

Counties have begun sending out property tax assessments to Texas homeowners. And many have seen their property taxes rise dramatically. To protest, homeowners usually have to file an appeal or hire an attorney to handle the process. But this year, there is a new way to protest. Ownwell, an Austin-based startup, helps commercial and residential […]

Pingboard Achieves Profitability and Appoints New Leadership

Pingboard became profitable during the COVID-19 pandemic by having the right product at the right time, said Bill Boebel its founder. “We’ve grown the business to just over $6 million in revenue,” he said. “We’ve scaled from being an org chart to being a tool for employee engagement focused on companies that are fully remote.” […]

Tesla Shows Off its First Made in Texas Electric Vehicles at Giga Texas Party

Tesla’s Giga Texas is the world’s largest manufacturing plant, said Elon Musk, Tesla’s CEO and Founder. It’s as big as three Pentagons, Musk said. Or 194 billion hamsters could fit in the building, he said. With fireworks, laser lights, and a drone show, Tesla officially opened Giga Texas on Thursday with a “Cyber Rodeo.” The […]

Dolly Parton Gives a Powerhouse Performance at SXSW

Dolly Parton embodies everything that SXSW is about: music, film, technology, and creativity. And Friday night, the country music superstar gave a high-energy outstanding performance to everyone attending virtually in Dollyverse, and in person at the ACL Live’s Moody Theater at SXSW. Parton has performed live at ACL Live before, recorded music, and done movies […]

Dolly Parton Set to Perform Tonight at SXSW and in Dollyverse, the Virtual World

For the first time ever, Dolly Parton will perform at SXSW on Friday at the Austin City Limits Live at the Moody Theater. She’s also involved in SXSW 2022 in a big way. In addition to her live performance, Parton has written a book with best-selling author James Patterson, titled Run, Rose, Run. Parton has […]

Wonderfuel Launches at SXSW to Create Unscripted TV Shows with NFTs

At SXSW, NFTs or Non-Fungible Tokens, are moving beyond artwork like Bored Ape Yacht Club and Crypto Kitties and into other creative areas like music, choreography, dance and TV shows. And Austin-based Virtual Arts, the parent company of DanceFight, just struck a deal with reality TV pioneer Bunim-Murray Productions, based in Los Angeles. Together, they […]

Austin-based Strap Technologies Wins Best in Show at SXSW Innovation Awards

Austin-based Strap Technologies won Best in Show at the 2022 SXSW Innovation Awards. The company makes Ara, a wearable device for visually disabled people that detects the environment and the obstacles that surround them. The device communicates in a simple and distinguishable manner through vibration with mechanical actuators. The $500 device is expected to ship […]

Center for Autonomous Robots Launches at SXSW

At South by Southwest, Capital Factory and Guinn Partners activated the Center for Autonomous Robotics with a two-day showcase of robots and drones. The event took place Sunday and Monday and included a display of Unmanned Aircraft Systems technology from startups, corporations, universities, and government entities. “Innovation is all about iteration. You have to try, […]

Onnu Raises $6 Million for Financial Platform Aimed at Lower-Income Consumers

Onuu, a fintech company, announced this week that it has raised $6 million in seed-stage funding. Global Partners led the round with participation from Ulu Ventures, SV LATAM Capital, Jumpstarter Ventures, Verso Capital and Capital Factory Ventures. Onuu, pronounced “on you” is focused on low-income consumers. The company will provide life insurance, savings and credit […]

Flash Lands $250 Million for its Intelligent Parking Platform

Flash, a parking solutions provider, announced this week that it has raised $250 million in strategic investment led by Vista Equity Partners. The Austin-based company, founded in 2011, has created a smart parking system that lets real estate owners, parking operators and cities solve problems of congestion and lack of visibility into parking supply and […]

Whistleblower Says Facebook Continues to Prioritize Profits Over Safety on the Platform

Facebook still has a huge problem with spreading misinformation throughout the world, said Frances Haugen, former product manager turned Facebook Whistleblower. “The problem at Facebook is not about bad people or bad ideas it’s about giving the most reach to the people with the most extreme ideas,” Haugen said. Haugen spoke at South by Southwest […]

Futurist at SXSW Says Robots, the Metaverse, NFTs, and Synthetic Chickens Don’t Mean Anything if the World Doesn’t Stop the Planet from Warming

Digital identity in the metaverse, robots that are smarter than humans, synthetic biology to create chicken from stem cells, and climate change are some of the major trends Futurist Amy Web discussed at South by Southwest on Sunday morning This year, Webb’s 15th annual trend report is 668 pages long and covers 574 longitudinal tech […]

At SXSW, Beto O’Rourke, Democratic Candidate for Texas Governor, Says He’ll Legalize Marijuana in Texas

At South by Southwest, Beto O’Rourke, the Democratic candidate for Texas Governor, said when he gets the job, he’s going to make marijuana legal in Texas. “We’re going to make sure that we no longer lock up people for possession of a substance that is legal in most of the rest of the country, and […]

At SXSW, Upload’s Creator Greg Daniels Explores Digital Life Extension and the Metaverse

A constant buzzword at this year’s South by Southwest festival is metaverse, which is the 3-D version of the Internet. It’s also the place where the popular Prime Video series Upload takes place in the year 2034. And on Friday as the second season of the sci-fi comedy was released on Amazon Prime, Greg Daniels, […]

At SXSW, Patreon’s Co-Founder Jack Conte Gives Advice on How to Create Content in a Shitstorm

Creating in a shitstorm kind of sums up what it’s been like to be a content creator during the COVID-19 pandemic times. That was a featured session Friday at South by Southwest by Jack Conte, CEO of Patreon and co-creator of the bands Pomplamoose and Scary Pockets. No matter how much work creators put in […]

SXSW 2022 Kicks Off in Austin with a Focus on the Importance of In Real Life Connections

Amid some turbulent times, South by Southwest kicked off Friday morning in Austin with in-person events and some programing also available online. It’s dubbed “URL meets IRL” URL stands for uniform resource locator or web addresses and IRL stands for In Real Life. The blended experience exists, but people are most excited to be back […]

Slingshot Aerospace Lands $25 Million in Funding

Slingshot Aerospace announced Thursday that it has raised $25 million in funding. Draper Associates and ATX Venture Partners led the Series A funding. To date, the company has raised $34.6 million in Series A funding. Other investors included Edison Partners, Embedded Ventures, Valor Equity Partners, Lockheed Martin Ventures, and more. Participation from previous investors also […]

Colossal Biosciences has Landed $60 Million in Funding to Bring Back Extinct Species

Colossal Biosciences, the startup focused on bringing back extinct species like woolly mammoths, has raised $60 million in funding. Thomas Tull and At One Ventures led the Series A round with participation from Untamed Planet, Animoca Brands, Breyer Capital, Animal Capital, Arch Ventures co-founder Robert Nelsen, Paris Hilton, Bold Capital, Boost VC, Jazz Ventures, Builders […]

Austin-based S3 Ventures Launches $250 Million Fund Focused on Texas Startups

S3 Ventures announced this week that it has established a new $250 million fund targeted at investing in Texas Startups. The Austin-based venture firm, founded in 2005, has $900 million in assets under management. This is the firm’s seventh fund. To date, S3 Ventures has invested in more than 50 startups and has 25 active […]

LiveOak Venture Partners’ Third Annual Giving Program Raises $250,000 for Nonprofit Organizations

For the third year, LiveOak Venture Partners has spearheaded the LiveOak Gives program to support nonprofit organizations. This year, LiveOak Gives Program is giving $250,000, the highest in the history of the program, which donated $200,000 in 2020 and $174,000 in 2019. LiveOak selects nonprofit organizations focused on children, women’s empowerment, the elderly, and others […]

DivInc Honors its 2022 Champions of Change Award Winners

Generational wealth is created by people who found companies, said Chris Hyams, CEO of Indeed. That’s why DivInc, a nonprofit accelerator focused on assisting women and people of color is so important in Austin, said Hyams who serves on the DivInc Board of Directors and as 2022 Honorary Chair for the DivInc Champions of Change […]

DivInc Awards Colette Pierce Burnette its First Legacy Award

Colette Pierce Burnette, President and Chief Executive Officer of Huston-Tillotson University received the first-ever legacy award at DivInc’s fourth annual Champions of Change Awards presented by Notley. Burnette came to Austin in 2015 as Huston-Tillotson’s first black female president. During her time in Austin, Burnette has blazed a trail for diversity, equity, and inclusion throughout […]

Austin-based Xebec Selected as a SXSW 2022 Innovation Award Finalist

Xebec, a company that launched during the pandemic, has made the list of Innovation finalists at South by Southwest. The Austin-based company’s product, Xebec Tri-Screen 2, is a finalist in the Speculative Design category. Other finalists include Biometric Ignited mobile self-defense, Flash Freeze Premium Ice Cream on Demand, Katalyst Training System and The First Ever […]

HearstLab Texas to Hold Pitch Competition for Female-Founded Tech Startups based in the South

HearstLab is holding its first-ever pitch competition for female-led founders in San Antonio. It is looking to fund high-growth, women-led startups in the South, said Lisa Gillespie, vice president of marketing and new business development at the San Antonio Express-News and HearstLab Scout. “We’re not just a newspaper,” Gillespie said. “We’re interested in investing way […]

An Artificial Intelligence Agent with Development Ties to UT Austin Defeats Human Drivers in Sony’s Gran Turismo Video Game

An artificial intelligence program has beat a human at chess, checkers, the game of Go, and Jeopardy. Now GT Sophy, an AI agent has defeated some of the world’s best drivers of the PlayStation racing simulation game, Gran Turismo Sport. Sony AI with Polyphony Digital and Sony Interactive Entertainment announced the breakthrough in artificial intelligence […]

SourceDay Raises $31.5 Million in Venture Funding

SourceDay, which makes supply chain management software, announced on Tuesday that it has raised $31.5 million in venture capital funding. Austin-based SourceDay, founded in 2013, has raised $55 million to date. Norwest Venture Partners led the Series C round of funding with participation from existing investors ATX Ventures, Baird Capital, Draper Associates, Ring Ventures, and […]

VC Firm Antler is Accepting Applications for its First Austin Cohort to Kick off in March

Austin has a new venture capital firm, Antler, that is accepting applications for its first cohort, which is expected to kick off next month. Tyler Norwood is a managing partner for Antler in the U.S. where he oversees the firm’s U.S. operations. “Our plan was always to start in New York and then to launch […]

Amber Gunst to Step Down as CEO of the Austin Technology Council in September

Amber Gunst is stepping down as the Chief Executive Officer of the Austin Technology Council in September. Gunst has served in that role since May of 2018. She took over as interim CEO when Barbary Brunner left the organization to join an Austin-based tech company. Gunst had previously served as head of sales and membership […]

Austin-based Wander Raises $20 million

For people who want to book a house near Joshua Tree National Park and get away from it all but still have ultra-fast Wi-Fi, Wander has a place. Wander allows people to get lost in the desert but still have all of the amenities of a smart home for the perfect work-from-home vacation. Austin-based Wander […]

Enboarder Raises $32 Million in Funding

Enboarder on Wednesday announced it has raised $32 million in additional funding. NewSpring led the Series B round with participation from previous investors Greycroft and Next Coast Ventures and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures, and Gaingels. In June of 2019, Enboarder raised $8 million and made Austin its U.S. headquarters. The […]

The Metaverse Offers Opportunities for Immersive Storytelling

The Metaverse is already here, says Erin Reilly, founding director of the Texas Immersive Institute at the University of Texas at Austin. It was first mentioned in the 1992 book Snow Crash, a science fiction novel by Neal Stephenson. Today, the Metaverse is the latest iteration of Cyberspace, a blend of virtual and real-life applications, […]

Venture Capital Firm Trust Ventures Closes on its Third Fund Worth $200 Million

In 2018, Trust Ventures closed on its first venture capital fund of $35 million in Austin. The next year, it closed on a second $70 million fund. And on Tuesday, Trust Ventures closed on its third and largest fund yet, targeting $200 million. To date, Trust Ventures has invested in 22 companies including Sana Benefits, […]

Bodhi Lands $4 Million in Funding to Help Solar Companies Better Serve Customers

When consumers install residential solar panels, they are often left in the dark throughout the process, said Scott Nguyen, founder and CEO of Bodhi. After they sign the contract, they don’t know how long the installation is going to take and what the various steps are, he said. “You can buy $30 worth of takeout […]

Passage Lands $4 Million in Funding for Password Application to Allow Face or Fingerprint Access to Websites

A year ago, Anna Pobletts and Cole Hecht hatched the idea for Passage, a passwordless authentication service for a website that uses biometrics. They were both working at an Austin-based cybersecurity company when they decided to launch their own venture. This week, Passage emerged from stealth operations and launched its beta, and announced $4 million […] Raises $240 Million to Expand its Ecommerce Platform Internationally announced on Thursday that it has raised $240 million in new equity and debt funding. With the new funding, plans to roll out its eCommerce platform for online brands internationally. The company has raised $380 million to date. Legacy Knight Capital Partners, the growth equity arm of Legacy Knight Multifamily Office, led the […]

Joel Trammell and Alicia Thrasher Created The Manager’s Playbook and Training Program to Help Businesses Thrive

Managing employees is one of the hardest tasks within a business. Joel Trammell and Alicia Thrasher know how to do it well. Trammell, a successful tech entrepreneur, CEO, and investor, and Thrasher, a successful executive who has led programs for eBay/PayPal, Google, and Anheuser-Busch, teamed up to create a management system. Together, they co-founded Austin-based […]

SKU Picks 6 Startups for its 10th Austin-based Accelerator Program

Austin has become a world-renowned place to launch new brands and consumer packaged goods. And a big reason is that Whole Foods is based in Austin and H-E-B is based in San Antonio. Central Texas is an incubator for new products and one of the accelerators behind scaling those products is SKU, which this week […]

SparkCognition Attains Unicorn Status as its Raises $123 Million in Funding

Meet Austin’s newest unicorn: SparkCognition, an artificial intelligence software solutions startup. The company announced it has closed on $123 million in a Series D funding round. The funding round gives the company a valuation of $1.4 billion. To date, the company has raised $300 million in funding. SparkCognition plans to use the funding for sales […]

Serial Entrepreneur Tim Heyl Sees Massive Growth as Homeward Expands Nationwide

Tim Heyl, founder of Homeward, drew inspiration to become an entrepreneur from his father. His dad was fired for moonlighting around the time Tim was born. His dad launched a book-on-tape kiosk rental business that became a video store. When his employer found out they fired him. Tim’s dad went on to create a chain […]

SXSW Pitch Competition to Feature Four Austin-based Companies as Finalists

South by Southwest’s Pitch Competition showcases some of the world’s most innovative companies. SXSW this week announced the 45 finalists in nine categories featuring four Austin-based startups. The Austin-based startups are Mod Tech Labs in the artificial intelligence, robotics, and voice category, Nephrodite in the health, wearables, and well-being category, Kiro in the smart cities, […]

Austin’s Radical Girl Gang Plans to Shutter Operations

Radical Girl Gang, an Austin-e-commerce marketplace for women-owned brands, is shutting down after failing to raise funding. Most recently, Radical Girl Gang launched a $350,000 crowdfunding campaign on the Republic platform. The Austin Business Journal first wrote about Radical Girl Gang’s shutdown. “It pains me to share that after two incredible years spearheading the movement […]