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 […]

Austin’s The Helper Bees Raises $12.8 Million in Funding

The Helper Bees announced Thursday that it has raised $12.8 million in funding to help elderly people stay in their homes as they get older. Trust Ventures led the Series B round with participation from Silverton Partners, Northwestern Mutual Future Ventures, Impact Engine, and Congress Avenue Ventures. The Helper Bees has seen its revenue increase […]

Virgin Atlantic Announces Direct Flights from Austin to London

Virgin Atlantic announced plans Monday to begin offering direct flights to Austin. “Austin, you’ve got the  #greenlight  to travel in style to the UK from May 25th as I am THRILLED to announce that Virgin Atlantic will be launching services from Austin to London,” Simon Hawkins, head of Virgin Atlantic North America, posted to LinkedIn. “I’m personally […]

Polish Delegation Visits Austin to Promote Organic Food Trade

In a sign the economy is starting to open again after the COVID-19 Pandemic, a delegation from Poland visited Austin this week. The group held a special luncheon at The Driskill Hotel on Thursday to showcase organic polish food exports. Those in attendance included members of the Austin Chamber of Commerce, The Polish Investment and […] Moves Headquarters to Austin announced Thursday afternoon that it has moved its global headquarters from Houston to Austin. The startup has 150 employees in Austin and plans to double in the next 12 months, according to a news release. Capital Factory recently named its Startup of the year. The company, founded in September of 2020, is an […]

Austin-based ROI Swift Helps Consumer Brands Scale

In 2015, Carolyn Lowe founded Austin-based ROI Swift, which helps market emerging consumer brands. So far, ROI Swift has helped nearly 200 companies including  Tiff’s Treats, Tecovas, Austin Eastciders, and Esker Beauty.  Her team grew an apparel and footwear company from $0 to  $12 million in sales in 18 months. Her goal is to help […]

Hitch Finds Success Providing Long Distance Ride Sharing in Texas and Florida

Hitch, the ride-sharing company launched by University of Texas at Austin students in 2018, has expanded to Florida. The Austin-based company has already facilitated 60,000 rides in Texas, said Kush Singh, the company’s co-founder, and CEO. It operates in every major Texas city. “Things have gone phenomenally well in Texas,” Singh said. “We were thinking […]

Samsung to Build a $17 Billion Plant with 2,000 High-Tech Jobs in Taylor

Samsung Electronics has announced plans to build a new semiconductor manufacturing facility in Taylor and invest $17 billion in boosting the production of semiconductors in the U.S. “This is the largest foreign direct investment in the state of Texas ever,” said Gov. Greg Abbott during a press conference announcing the project. The new plant will […]