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 […]

Austin’s Geothermix Gets $2.5 Million DOE Grant to Produce Geothermal Energy from old Oil and Gas Wells

Austin-based Geothermix received a $2.5 million grant from the U.S. Department of Energy to establish new geothermal energy and heat production from abandoned oil and gas wells. The company is among four projects selected by the U.S. Department of Energy to receive a total of $8.4 million. The Department of Energy’s focus is to partner […]

Cybersecurity Firm Infocyte Sold to Datto Holding Corp.

Infocyte, a cybersecurity software company started in San Antonio by two U.S. Air Force veterans, has been acquired by Datto Holding Corp. Datto, a cybersecurity and data backup company based in Norwalk, Connecticut, did not disclose the purchase price. Infocyte, founded in San Antonio in 2013, moved to Austin in 2018. Chris Gerritz and Ryan […]

Wheel Raises $150 Million to Expand its Virtual Health Care Platform and Network

Wheel, an Austin-based health tech startup, this week announced it has raised $150 million in funding. Lightspeed Venture Partners and Tiger Global co-led the Series  C round. New investors included Coatue and Salesforce Ventures along with existing investors CRV, Tusk Venture Partners, and Silverton Partners. To date, Wheel, founded in 2018, has raised $216 million, […]

Austin Companies Raised a Record-Breaking $4.9 Billion in Venture Capital in 2021

The year 2021 marks the year of the biggest funding deals for Austin startups since Silicon Hills News began covering the market in 2011. Austin had several big funding deals worth more than $100 million. In fact, all the top ten deals for Austin in 2021 were worth $100 million or more. The pandemic might […]