Category: Austin (Page 114 of 318)

Klever Logic Rebrands to FlashParking

Part of the FlashParking team at the new office in South Austin in front of the company’s new logo. Photo courtesy of the company.

Klever Logic is no more.

The Austin-based startup announced on Tuesday that it has rebranded to FlashParking since its parking attendants are known as the “Flash Guys.”

Under the move, all of Klever Logic’s solutions including FlashValet, FlashPARCS and FlashMobile are now under the FlashParking brand. The company also launched a new website which provides a 360-degree view of FlashParking and its solutions and customer portal.

FlashParking recently landed $3 million in venture capital led by Austin-based serial entrepreneurs Sam Goodner and Dan Sharplin. The company used the money to hire more employees and to move last month into new headquarters located in South Austin.

FlashParking, which launched five years ago, now runs in more than 850 venues nationwide. Its platform has processed more than 33 million vehicles to date.

“During the re-branding process, it was important to us to maintain the integrity of the Flash brand and our continued commitment to being the best and fastest in the industry,” President Sam Goodner said in a news release. “It is our goal that the new FlashParking brand will become recognized as the industry standard for a superior parking solution that delivers on the promise of Parking in a Flash.”

data.world Lands $18.7 Million More in Venture Capital Funding

The fast growing data.world, a social network for data people, Tuesday announced it has closed on $18.7 million in venture capital funding.

The Austin-based startup reported the funding round closed at double the valuation of its previous round. To date, data.world has raised $32.7 million. The company plans to use the money to build its data platform.

Pat Ryan’s family investment group led the round with participation from Chicago Ventures, Fyrfly Venture Partners, Hunt Technology Ventures LP, LiveOak Venture Partners, Shasta Ventures and Sherpa Asset Management AG. Angel investors included John Mackey, co-founder and CEO of Whole Foods, Daniel Pruitt, serial entrepreneur, Arthur Patterson, cofounder of Accel and former director of the National Venture Capital Association, Walter Robb, former co-CEO of Whole Foods; Adam Ifshin, CEO of DLC Management Corp.; Ralph Mack of Mack Capital; Adam Zeplain, investor in After School and Andela; Scott Booth, initial investor in Alibaba and cofounder of Lead Edge Capital and Kip Tindell, cofounder and Chairman of The Container Store.

“Amazing things happen when people join forces and use data to answer questions, solve problems and rise to solve our most urgent societal challenges together,” Brett Hurt, cofounder and CEO of data.world, said in a news statement. “We’re proud to welcome an extraordinary group of investors on our journey to radically improve data discovery, usability, and most importantly, collaboration. Closing this second funding round so close to our first, and with most of it still in the bank, is a tremendous validation of the opportunity in front of us and the rapid progress we’ve made since our preview launch in July.”

Since its launch in July of 2016, data.world, has worked on data projects with the White House, the Anti-Defamation League, the U.S. Commerce Department, the U.S. Department of Defense, the Central Intelligence Agency and others. data.world is a Certified B Corporation.

“data.world is cracking the code on building a platform company that is transformational in its impact on business and society,” Jason Pressman, Managing Director at Shasta Ventures and data.world Board of Directors member, said in a news statement. “data.world has solved the hard, high-scale technical and social challenges involved in data collaboration to deliver an essential tool for all kinds of groups doing meaningful work.”

Tech Events to Attend in Austin This Week

South by Southwest Interactive is less than a month away so it’s time to prepare.

This week, there are several events that will help you do just that. Make plans to attend the PR Over Coffee Event at Galvanize on Wednesday evening featuring Silicon Hills News and other local media outlets discussing how to get noticed at SXSW. If your company doesn’t have money to rent a Ferris Wheel, this is a good meetup to go to find out affordable ways to get in the headlines.

And SXSW is also holding a couple of community meetups this week. The first is the LGBTQ SXSW meetup Tuesday night at Dropbox offices. And an Austin community meetup at Google Fiber on Thursday.

This week is also Tech Diversity Week in Austin with events throughout the week on a variety of topics including leadership, inclusion, recruiting a diverse workforce, cultivating a culture of diversity. It also includes the National CIO Symposium at Silicon Labs and the Omni Hotel downtown on Wednesday.

MONDAY – Feb. 20th – 6:30 p.m. at Capital Factory – Austin Christian Technologists and Entrepreneurs host a panel event: Changing Habits: How Patterns Affect Our Lives.

Feb. 20th – 7 p.m. to 8:45 p.m. Austin WordPress Group at the Austin Baptist Church – How to Build an Effective Content Creation Strategy.

TUESDAY – Feb. 21st – 7 p.m. to 9 p.m. at Capital Factory: Austin Music Tech Monthly Meetup.

Feb. 21st – 6:30 p.m. to 8:30 p.m. at Dropbox Offices – LGBTQ SXSW Community Meet Up

WEDNESDAY – Feb. 22nd – 6:30 p.m. to 8:30 p.m. at Galvanize – Marketing Madness – PR Over Coffee Meetup on Getting Your Startup in the Headlines During SXSW.

THURSDAY – Feb. 23rd – 6 p.m. to 8:30 at WeWork Congress – FinTech Austin Meetup: Rapid Growth, the Lazy Way with Matthew Pollard.

Feb. 23rd – 7 p.m. at the Austin American Statesman – The Online News Association/Hacks and Hackers meetup is on using drones to cover the news.

Feb. 23rd – 6:30 p.m. to 8:30 p.m. at Google Fiber – Austin Community SXSW Meetup

FRIDAY – Feb. 24th – 6:30 p.m. to 9 p.m. at Galvanize – Austin AI Exposed: Austin Innovators Reveal the Future of Artificial Intelligence.

Upcoming Events:

Feb. 27th- March 1 – Social Media Week Austin

March 8th – PR Summit Austin

Microscope, Medical Device and Cancer Detection Technology Showcased at UT Austin StARTup Studio

By LAURA LOREK
Founder of Silicon Hills News

The StARTup Studio at the University of Texas at Austin gives professor led companies a chance to showcase their research and its applications.

Last Wednesday night, three groups of professors presented their startups at the monthly invitation-only gathering in a conference room in the Ernest Cockrell Jr. Hall.

“It’s our job to encourage students and professors to start companies,” said Bob Metcalfe, professor of Innovation and Murchinson Fellow of Free Enterprise in the Cockrell School of Engineering.

Metcalfe is the director of the Innovation Center. Louise Epstein is the managing director and UT Professor Steve Nichols, director of the Advanced Manufacturing Center, is also part of the center. The Innovation Center sponsors the monthly meetings along with the Office of Technology Commercialization at UT. The Austin Chamber of Commerce buys dinner and WeWork supplies the wine at the events.

Each professor led group pitches for 15 minutes, followed by about 15 minutes of questions and answers. Faculty, students, investors and other invited guests attend the events. This time, two representatives from Sandia National Laboratories in Albuquerque, New Mexico attended. The company does $3 billion worth of research annually.

First up, Professor of Mechanical Engineering Chris Rylander and Dr. Yvette Williams Brown, assistant professor with the Dell Medical School, presented a startup so early in its development it doesn’t yet have a name. It is a post-partum medical device for women to attach an Intrauterine Device, known as an IUD birth control device, to their uterus after giving birth.

The problem exists because 30 percent of IUDs placed in the uterus of women after they give birth are expelled. The UT medical device, which has a patent pending, would insure the IUD stays in place by attaching it to the uterus.

It addresses the real problem of patients who are most high risk at having unintended pregnancies, Dr. Brown said.
“There is definitely a need there,” she said.

Mistimed or unintended pregnancies account for half of the pregnancies in the U.S. every year, Dr. Brown said. In the U.S., 60 million teenagers get pregnant annually. The unintended pregnancies result in $12 billion in costs annually associated with providing resources for people who don’t have the resources to take care of a baby, Dr. Brown said.

An IUD is a long acting, reversible contraceptive device with 99 percent effectiveness, Dr. Brown said.

UT is working on developing a prototype of the inserter for the device, Rylander said. It is also looking at commercializing the technology through a licensing deal with a company like Bayer or Medtronic, which make IUDs, he said.

Next up, Professor of Biomedical Engineering Tom Milner presented a new microscope developed at UT. The microscope, developed with Martin Poenie, associate professor in Molecular Cell and Developmental Biology, provides a new way to view cells, viruses and other structures so researchers can find new treatments for cancer and other diseases. The resolution on the microscope is so great it allows researchers to see viruses in living cells.

During the demonstration, Poenie showed a movie of some of the things the microscope has been able to detect.

“We see lots of dynamics going on in the cell,” Poenie said. The activities and organelles aren’t visible with a regular light microscope, he said.

The microscope uses polarized light images that can show the molecular structure of things in a living cell. The group presented last year at the StARTup Studio, but at that time they had an attachment to an existing microscope. They have since created a standalone microscope using the technology. They have one patent filed on the device and another in the works.

The group is looking at setting up a service center at UT where researchers could use the microscope. They are also looking at licensing the technology to other companies.

The last presenter, Jenny Jiang, professor of Biomedical Engineering, presented a new company, ImmuDx, which uses high-throughput sequencing with single cell analysis to detect cancer and other diseases and to monitor the immune system.

“We can detect one cancer cell in one million regular cells,” Jiang said.

ImmuDx’s technology can provide early detection of cancer or signs of a relapse quicker and easier than conventional methods. The research that led to the company has been supported by grants from the National Institute of Health.

Correction: This article has been updated to correct ImmuDx’s name.

Indeed to Add 500 Jobs in Ireland

Austin-based Indeed plans to hire 500 employees in Ireland during the next two years as part of an expansion plan for its Dublin-based headquarters for Europe, the Middle East and Africa.

Indeed is hiring sales, client services, human resource, business development, marketing, finance, strategy and operations employees, according to a news release from Ireland IDA.

Indeed is the world’s largest job site. It has sites in more than 60 countries and 28 languages. Every month, 200 million job seekers visit Indeed.

Five years ago, Indeed opened its headquarters in Dublin. It currently employs a team of 530 people in its St. Stephen’s Green office.

“Today’s announcement is a particularly important one for Indeed. Deciding where to recruit and hire the right people ultimately helps us to fulfil Indeed’s mission – to help people get jobs,” Chris Hyams, President of Indeed said in a news release. “Having our EMEA hub in Dublin is the natural choice given the large pool of high-skilled talent both locally and from the rest of Europe.”

Ireland’s Action Plan for Jobs 2017 aims to keep Ireland competitive to new investment by EMEA HQ’s such as Indeed Taoiseach Enda Kenny TD said in a news release.

“Ireland will remain a central and committed member of the EU and the Single Market and growing dynamic companies like Indeed can rest assured we will work continually to promote the opportunities of the European Single Market,” he said.

IDA Ireland originally supported Indeed’s move to Ireland.

“Indeed first came to Ireland to internationlise its business and to serve its growing customer base,” Martin Shanahan, CEO of IDA Ireland, said in a news release. “Ireland has proven to be a superb location for the company to source talent and to expand its footprint into the EMEA market.”

Indeed, founded in 2004, has more than 500 employees in Austin and announced plans last year to hire 1,000 more locally within the next three years. It also moved into new 220,000 square foot headquarters at at 6433 Champion Grandview Way.

uShip Lands $25 Million in Venture Capital Funding

uShip, the online shipping marketplace and freight automation software provider, Wednesday announced it has closed on a $25 million round of funding.

DB Schenker, one of the world’s largest logistics companies owned by Deutsche Bahn AG, led the Series D round. To date, Austin-based uShip has raised $50 million with previous rounds led by Benchmark Capital, DAG Ventures, and Kleiner Perkins Caufield Byers.

DB Schenker and uShip are partners. Last summer, the two companies struck a five year agreement to create Drive4Schenker, an online trucking platform using uShip’s software and technology. This month, that program began rolling out in Germany. It is managing 5,000 loads per day with 30,000 DB Schenker transport providers. The program will continue to roll out throughout Europe in coming months.

“Expanding our successful partnership will expedite and streamline transport management and help us, as a market leader in European land transport, to handle even larger volumes of freight,” Jochen Thewes, CEO of Schenker AG said in a news release. “We also intend to quickly develop and tap new opportunities to grow outside of our traditional business models. This is our largest equity interest in a digital company to date and it shows how serious we are about innovation at DB Schenker. We’re investing in shaping the future of digital logistics.”

With the new funding, uShip plans to accelerate the development of its logistics software platform.

“Major players like DB Schenker are taking advantage of technology that will automate and digitize their operations, helping them maintain market leadership and evolve with demand,” Mike Williams, CEO of uShip, said in a news release. “It’s a thrilling time to be at the leading edge of this logistics transformation and to deepen our partnership through DB Schenker’s strategic investment.”

Austin-based My Fit Foods Closes all of its Stores

Austin-based My Fit Foods posted a notice on its website announcing the closure of all of its stores effective immediately.

The company, founded in 2006, has stores in Austin and San Antonio. The company expanded to a total of 80 locations in five states nationwide. It specialized in creating healthy prepared meals for customers.

“Since 2006 My Fit Foods has been on a mission to make healthy eating easy and accessible for everyone,” according to the post on its website. “We’ve enjoyed getting to know you, and we are proud that we have made a difference in many of your lives. It is with a heavy heart that we announce the closure of all our stores. We know that you have depended on us to support your healthy habits, and we are deeply sorry for any inconvenience our closure may have caused you.”

My Fit Foods raised more than $42 million in private equity from investors, according to a 2014 Statesman story. The company had been embroiled in a lawsuit with the investors and the company’s founder, Mario Mendias, over control of My Fit Foods, which had been experiencing financial difficulties, according to the story.

Spredfast Lays Off 47 Employees and Closes its Wisconsin Office

In a reorganization and move to cut costs, Spredfast recently notified the state of Wisconsin of its plans to close its Madison office and layoff 47 employees.

Austin-based Spredfast, a social media marketing firm, let go 21 employees last week and offered the others the opportunity to stay on until the office shuts down completely in August.

No one responded to a request for comment from Spredfast.

Last June Spredfast raised $50 million. To date, the company has raised $116 million. Spredfast also merged with Austin-based Mass Relevance in 2014 and in 2015 it acquired Shoutlet. The Madison office was part of Shoutlet. Spredfast has 500 employees, five global offices and it supports more than 650 customers.

Javelin Networks Lands $5 Million in Funding

Austin-based Javelin Networks, a cybersecurity startup, announced it has closed on $5 million in funding.

Investors participating in the Series A round included RSL Capital, Hillsven Capital, UpWest Labs, Tomer Weingarten, CEO of SentinelOne and pother private investors.

Javelin Networks makes software that provides autonomous breach prevention, containment, threat hunting and incident response capabilities in a platform using artificial intelligence.

In addition, Javeline appointed Greg Fitzgerald to Chief Operating Officer to handle operations, sales and marketing. He previously worked as vice president for marketing for TippingPoint, which was acquired by 3COM and HP, senior vice president for Sourcefire, acquired by Cisco and senior vice president for Fortinet and chief marketing officer at Cylance.

“Cybersecurity is challenging vendors to innovate protection ahead of the attack. Javelin is disrupting the attacker by focusing on protecting the most sensitive and most exposed target, the Active Directory. After almost 22 years of bringing innovative companies to market and exceptional growth, Javelin is the first company I’ve experienced that actually stops attackers from gaining unfettered access to the organization,” Fitzgerald said in a news release.

Roi Abutbul is the founder and CEO of Javelin Networks.

“By combining A.I., obfuscation and advanced forensics methodologies right at the point of breach, we can respond automatically and in real time to contain the attack,” he said.

uShip Names New CEO

Austin-based uShip, an online shipping marketplace and freight automation software provider, on Wednesday announced Mike Williams has joined the company as its new Chief Executive Officer and board member.

uShip also announced that Jim Martell, the company’s interim CEO since last December, has been named Executive Chairman of uShip’s board.

Williams previously served as general manager of corporate real estate services with Accruent. He handled revenue growth and profitability and during his time there, the company’s software revenues tripled. In addition to Accruent, Williams served as president or CEO for Socialware, Nextance and PurchasingNet, as well as roles at Motorla, Trilogy and Memento.

His job at uShip will be to grow its consumer shipping marketplace and small and midsize business platform, which has generated $1 billion in total sales since uShip began in 2004, according to a news release.

“What the uShip team has built to date around key products and milestone partnerships has put it on the doorstep of explosive growth, especially in its enterprise and SMB segments,” Williams, who begins his role on Feb. 13, said in a news release. “There’s tremendous opportunity to drive more value for our current marketplace customers and partners as the logistics industry navigates a new wave of transformation, led in part by uShip’s online marketplace experience and technology.”

Williams has an MBA from Harvard Business School and a BA in Finance from Murray State University. He’s also worked with the FBI, the U.S. Embassy in Athens and The White House.

“Mike’s enthusiasm, business acumen, disciplined management and track record of revenue growth make him an ideal fit for this role,” Martell said in a news release. “In uShip, Mike will be guiding a true market leader that’s advancing in this space at a time when logistics is seeing unprecedented disruption, innovation and investment, unlike anything I’ve seen in my four decades in the industry.”

In 2004, UT graduate students, Jay Manickam, Shawn Bose and Matt Chasen started UShip. All three have since left the company. Chasen stepped down last year as CEO. uShip has raised $44.7 million in funding, according to its Crunchbase profile.

Last year, uShip moved into new headquarters located at 205 East Riverside Drive. The three-story, 45,000-square-foot campus houses the company’s entire 200-person workforce,

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