Category: Austin (Page 147 of 318)

Ground Breaking Microscope Technology Spins out of UT Austin

By LAURA LOREK
Reporter with Silicon Hills News

Martin Poenie, PhDs in molecular biosciences at the University of Texas at Austin, discussing his company's new microscope technology.

Martin Poenie, PhDs in molecular biosciences at the University of Texas at Austin, discussing his company’s new microscope technology.

The birth of a new microscope industry is taking place at the University of Texas at Austin that can change the way scientists view living cells at the smallest stage.

On Tuesday night at the Austin Chamber of Commerce, a small group attending UT’s Startup Studio got a seek peek at the ground breaking technology.

Martin Poenie and Jeffrey Kuhn, PhDs in molecular biosciences and Thomas Milner, PhD in biomedical engineering at UT Austin have created a startup, Spectrapol Imaging, to build and market its patented microscope technology. UT paid to develop the technology and holds the patent which the startup has licensed. The group created a microscope that uses polarized light images that can show the molecular structure of things in a living cell.

“There’s a world of applications,” Poenie said. “The power of it is impressive.”

Spectrapol Imaging was one of three early-stage professor led startups spinning out of UT Austin that pitched their ventures to an invite-only crowd of about 40 people including angel investors and other interested parties from the Austin technology community. It’s part of a monthly series conducted by the Innovation Center at UT designed to shine a spotlight on new technology and companies emerging from the university.

“We’re trying to help Austin be a better Silicon Valley and one of the ways we do that is to encourage professors and students to start companies,” said Bob Metcalfe, professor of Innovation at UT. “Because we think startups are a very effective way to innovate and have an impact on research and on the world.”

Metcalfe, Louise Epstein and Ben Dyer run the Innovation Center. They have identified a funding gap between research and creating a startup with a product. The center will be making innovation grants to bridge that gap, Metcalfe said.

The Austin Chamber of Commerce, WeWork and the Office of Technology Commercialization at UT Austin sponsor the monthly events.

Spectrapol is creating a whole new market for microscopes, Poenie said. It has developed an attachment that can go into a standard microscope. It includes a light source, known as a hot spot lamp coupled with specially designed optical modules, Poenie said.

“You don’t have to buy a whole microscope for it to work,” Poenie said.

The Spectrapol microscope provides cellular detail invisible to standards microscopes, he said. It can display structures that are as tiny as 25 nanometers in diameter and that’s unprecedented for a light source microscope, Poenie said. For example, the technology can provide high resolution images of T-lymphocytes killing a cancer cell in real time without the microscope harming the cell. It can even show viruses emerging from living cells. In fact, the U.S. Center for Disease Control is interested in using the technology to examine how the Ebola virus attacks living cells.

One of the unique features of the microscope is that it doesn’t depend on fluorescents to show objects. Most advances in microscopes depend on fluorescents. The UT technology relies entirely on optics and the physics of light, Poenie said.
Overall, the microscopy market is growing, Poenie said. This technology has applications for In Vitro Fertilization, identifying and working with viruses like Ebola and in the nanotechnology field. They also think there is a market for the light source.

Spectrapol is now looking for investors to help them take the technology to market, Poenie said. The market is in the hundreds of thousands, he said. The microscope attachment would sell for $35,000 to $50,000, he said.

Matthew Cowperthwaite, director of research and technology at St. David’s Neuroscience department, presented TyPos.

Matthew Cowperthwaite, director of research and technology at St. David’s Neuroscience department, presented TyPos.

The next presenter, Matthew Cowperthwaite, director of research and technology at St. David’s Neuroscience department, presented TyPos. He has developed the company with Andrew D. Ellington, professor of biochemistry at UT.

TyPos developed keyboard analytics or keystroke analytics software aimed at detecting the early onset of Parkinson’s Disease by analyzing typing patterns.
TyPos uses cell phones and standard computer keyboards to capture the way people type and to detect patterns in that typing.

“It shows a lot about your emotional state and disease state,” Cowperthwaite said. “We’re able to capture keystroke timings at a millisecond recognition.”
The software also measures hold times on keys and how long a typist goes between pressing keys, Cowperthwaite said. He sees a lot of applications in the consumer and healthcare space.

The current diagnosis for Parkinson’s Disease is 50 percent accurate and the TyPos software could improve that diagnosis and lead to earlier treatment for patients and increased quality of life, he said.

TyPos is looking for a $100,000 investment to take the current keystroke software it has created and turn it into a consumer version, Cowperthwaite said. He compared the software to Luminosity’s brain games with 70 million users. It’s a way for people to monitor their health, he said.

Pradeep Ashok, a research scientist at UT, presented r5.

Pradeep Ashok, a research scientist at UT, presented r5.

The last presenter, Pradeep Ashok, a research scientist at UT, presented r5, a startup focused on the oil and gas industry and drilling automation. r5 drilling makes drilling automation software, Ashok said.

“To drill a well it takes about 100 people on land. Off shore multiply that by five times. No two wells are the same,” Ashok said. “Data is so disorganized. We have a solution.”

The startup aggregates all the data from an oil well and makes automation possible, he said. Its first product is the drilling advisor software. It can show a company where to operate and drill in a region, Ashok said. It ultimately saves companies time, he said.

“Time is really money when it comes to drilling,” Ashok said. Its software can save at least 10 percent in drilling time, he said. The software costs $100 per day or a company can license it for $25,000 to $35,000 a year. Even though the price of a barrel of oil has dipped below $30, an estimated 1,800 rigs still operate every day in the world with 571 rigs operating in the U.S., according to Baker Hughes, an oilfield services company.

“We plan to revolutionize drilling,” Ashok said.

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Correction: This article originally incorrectly reported the oil rig count for the world as the oil rig count for the U.S.

Austin-based Pivot3 Buys NexGen Storage

Pivot3Austin-based Pivot3 announced Wednesday it will acquire NexGen Storage, a privately held maker of hybrid storage appliances based in Louisville, Colorado.

The financial terms of the deal were not disclosed. Pivot3 intends to market and enhance all current and planned NexGen products.

“Everyone talks about the need for agility in terms of business needs, but in hyper-convergence, workload utilization and performance have been gating factors to expansion beyond the usual initial use cases,” Ron Nash, CEO of Pivot3 said in a statement. “With the addition of NexGen’s capabilities, Pivot3 is now the only company in the market that broadly and deeply addresses this central data center challenge with a solution that allows IT to prioritize application performance based on business priority. We believe this agility is critical as customers move from legacy data centers to a software-defined data center that effortlessly handles a heterogeneous set of workloads. We welcome the NexGen customers, partners and team to Pivot3.”

“We’re proud of our rich history and our reputation as a leader in new technology storage products, and we see enormous synergies in bringing together these two innovative businesses,” John Spiers, founder and CEO of NexGen, said in a news statement. “The pedigrees of our teams in the storage and high-performance computing markets are unparalleled in the industry. Combining these powerful teams and innovative solutions gives our customers and partners an incredible advantage in their respective markets.”

Favor and Kinsa Team up to Send Soup to Sick People in Austin

Kinsa-ATX-instagram-3 (1)This is the kind of warm and fuzzy story that warms our hearts and our stomachs during the height of flu season in Austin.

Austin-based Favor, the on-demand delivery service, has teamed up with Kinsa, the maker of the smart thermometer that tracks the spread of illness, to send out hot soup via Soup Peddler, SmartyPants Vitamins and a Kinsa thermometer to a sick friend in Austin for free.

To sen a care package for free to a sick friend, you simply use the hashtag #KinsaSendSoup on social media. Favor will deliver the package while supplies last.

The partnership is a part of Kinsa’s mission to Keep Austin Healthy.

The Zebra Raises $17 Million in Venture Capital

photo-2-1-277x300The Zebra, which created an auto insurance aggregation and comparison site to save consumers money, has raised $17 million in Series A funding.

The Austin-based company’s investors included Silverton Partners, Daher Capital, Ballast Point Ventures, Mark Cuban and Mike Maples Jr.

“Insurance shopping is a major pain point for the 250 million-plus U.S. drivers on the road,” Mike Maples Jr. said in a news release. “With The Zebra, we’re demystifying an opaque insurance industry and simplifying that process in a way that serves both drivers and insurance companies.”

The Zebra aims to help insurers more efficiently acquire customers by bringing transparency to the space and educating consumers about car insurance.

“These antiquated distribution models require innovation. Today, consumers expect optionality and speed in nearly every area of their lives, and now technology allows us to create the tools needed for insurers and consumers,” CEO Adam Lyons said in a news release. “The Zebra’s proprietary solutions enable us to qualify and match drivers with insurers. Insurers love it and consumers need it. This win-win scenario has helped us grow very fast.”

The Zebra provides visibility into the murky world of car insurance pricing and coverage by allowing drivers to compare side-by-side customized quotes in seconds from over 200 insurance companies across all 50 states. It also provides resources for drivers to evaluate companies based on coverage, customer reviews, claims satisfaction and more. The Zebra saves drivers an average of $368 per year.

The announcement caps off a year in which the company provided 3.5 million unique drivers with customized quotes and expanded relationships with over 40 top insurers.

The Zebra plans to use the capital to enhance its product offering, strengthen partnerships with insurance carriers, and expand its quickly growing team. The company, named a 2015 Best Place to Work in Austin, is hiring across engineering, business development, sales, and marketing.

Silicon Hills News did this profile of The Zebra in 2014.

uShip Wins the 2016 Austin Startup Games

By LAURA LOREK
Reporter with Silicon Hills News

IMG_0325uShip won the 2016 Austin Startup Games on Saturday afternoon at Fair Market on Austin’s East side.

SpareFoot, a three-time champion, came in second, followed by LawnStarter, a new competitor to the games.

IMG_0267More than 1,000 people attended the event, which raised $57,500 for local charities, said Sara Levy, executive director of Austin Startup Games, a nonprofit organization. The top three winners spilt the bulk of the money, but each team received $1,000 for its chosen charity just for participating, she said. uShip is donating its winnings to Communities in Schools of Central Texas. SpareFoot’s money goes to Kure It, a kidney cancer research group. And LawnStarter raised money for the National Alliance on Mental Illness.

The games started five years ago at uShip, which won the inaugural games.

“In the last five years, we’ve given away $175,000 and after today, we’ll have given away $225,000,” Levy said.

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The games bring members of the Austin startup community together for a full day of fun and competition. A lot of people dress up in team colors and carry flags.

“It’s fostering that culture of competition among the companies in the startup community,” Levy said. “It’s the biggest games like this in the country. It’s helping to instill the culture of giving back early on in the lifecycle of a company.”

IMG_0264Startup Games has been such a success in Austin, the organization wants to expand outside of the city, Levy said. Its goal is to give away $1 million to charity eventually. Levy is also executive director of the Notley Fund, a newly launched philanthropic investment firm. Startup Games joined the Notley Fund as one of its signature programs. Dan and Lisa Graham created the Notley Fund.

The Startup Games are only for companies with less than 250 employees. So Startup Games created “Level Up” for the bigger companies with more than 250 employees. Eight teams will compete on April 23rd in that event.

This year 14 startups competed in ping pong, foosball, beer pong, flip cup, pop a shot, darts, shuffleboard, connect four, trivia, MarioKart, liar’s dice and the mystery event.

Teams playing human powered Hungry-Hungry Hippos, the mystery event

Teams playing human powered Hungry-Hungry Hippos, the mystery event

This year’s mystery event was human powered Hungry-Hungry Hippos. It featured people lying on their stomachs on boards with wheels. Two handlers grabbed their feet to steer them around the floor to snatch up colored balls with a container. The “Hippo” with the most balls won the match.

In the past, the mystery events have included jousting and bull riding. The whole idea of the mystery event is so that no team can prepare for it in advance, Levy said.

Last year, The Bunker Austin received $1,000 from ATX Seed Ventures, which played in the games on behalf of the nonprofit organization, said Johnathan Paul Wojtewicz, co-founder of The Bunker Austin. He attended the games on Saturday to show his support and to volunteer to help.

“This is an amazing experience with a lot of great companies,” Wojtewicz said. “It’s a win for the team members who participate in a healthy competition. But it’s also a win for the people who come out who might not be a part of the startup community and want to join a company.”

IMG_0290The key to success at the games is “practice, practice, practice,” said Chuck Gordon, founder and CEO at SpareFoot, a three time winner with 125 employees. He said his team starts training on Monday for the next Startup Games.

SpareFoot’s best events are trivia, pop a shot, foosball and shuffleboard, Gordon said. He participated in liar’s dice, a competition for executives at local startups.

“I think that Startup Games is amazing how we bring all the Austin startup community together in a fun competitive atmosphere to benefit charity,” he said. “It’s amazing what the team has built and I’m proud of them.”

SpareFoot has raised $70,000 throughout the years for its charity, Kure It Cancer Research, which focuses on finding a cure for kidney cancer and other cancers.

IMG_0331Ryan Farley, co-founder of LawnStarter, with 25 employees, entered the games to win it. And the LawnStarter team did well. They placed first in beer pong and they also placed in pop a shot and the mystery event.

“I think it’s a way to get our name out there for recruiting,” Farley said. “It’s also for our employees. They are working super freaking hard and this gives them an outlet to have some fun.”

One of Austin’s newest startups, Waldo Photos, attended the event to photograph participants for its new photo finding platform.

“We wanted to come out and support Startup Games,” said Rodney Rice, co-founder and CEO of Waldo Photos. “It’s an easy way for everyone out here to get their photos.”

Waldo Photos Just launched in closed beta and the startup hopes next year to participate in the games, Rice said.

“It’s an electric atmosphere,” Rice said. “It’s cool to see all of these people competing.”

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Waldo Photos Launches in Austin and Raises $5 Million in Funding

Screenshot 2016-01-23 12.06.48Where’s Waldo?

Right here in Austin, Texas.

And they’ve just raised $5 million in venture capital to create a new photo-finding platform. Southern California venture capital firm Upfront Ventures led the round.

Rodney Rice and Michael Beaudoin, veteran entrepreneurs who co-founded HomeAdvisor and Einstein Bros. Bagels, founded the site to create a seamless photo-finding experience online in the highly fragmented $10 billion photography category.

Waldo Photos is expected to launch soon. Its platform is in closed beta right now, but users can sign up for its wait list. It will be a home base for photos taken of individuals by friends and professional photographers. Those photos will then be sent to a person’s smartphone. The platform lets photographers market and sell their photos in an efficient way.

“We believe Waldo can fundamentally change the way we memorialize our lives through photography,” rice, CEO and co-founder of Waldo Photos, said in a news release. “We created Waldo so users can toss their selfie sticks, keep their phones in their pockets and just live in the moment.”

“Rodney and Michael are one of the best teams I’ve worked with in my career,” Kara Nortman, partner at Upfront Ventures, said in a news release. Its past investments include Maker Studios, TrueCare and Overture.

Fifth Annual Austin Startup Games Takes Place Saturday

IMG_5037_2-1024x768Has it been five years already?

Silicon Hills News covered the first Austin Startup Games at uShip back in the day and every one since then. In the beginning, they called them the Austin Startup Olympics, but I think they had to change the name so as not to confuse everyone with the real Olympics. (which to my knowledge doesn’t yet offer a gold medal in beer pong.)

uShip won the first Austin Startup Games, BuildASign came in second followed by SpareFoot. But BuildASign went on to capture the crown during the summer games. And SpareFoot claimed the top prize at the third Startup Games. SpareFoot also won again last year.

So the big question on everyone’s minds in the startup community is will SpareFoot win again? To find out, head out to the fifth annual Austin Startup Games today at Fair Market. And it’s not just for fun. This is serious fundraising business. Every year, the startups raise money for local charities. This year, they aim to raise more than $57,500 for local nonprofit organizations.

The events include Ping Pong, Foosball, Beer Pong, Flip Cup, Pop-a-Shot, Darts, Shuffleboard, Connect Four, Trivia, MarioKart, Liar’s Dice (for executives of local tech startups) and the fan’s favorite: Mystery Event. In the past, the mystery event has included bull riding and jousting in an inflatable ring with a strongman.

Participating companies also competed in a canned food drive leading up to the event, which awarded the winning team, Modernize, a one-point lead heading into the contest. The team with the most points wins the games with Gold, Silver and Bronze awards. But every startup that participates receives $1,000 to donate to the charity of its choice.

“Startup Games celebrates the hardworking, competitive and fun atmosphere that drives so many successful companies in Austin, and puts that culture to work for good causes,” Dan Graham, co-founder of the Notley Fund, a newly-launched philanthropic investment firm, said in a news release. Earlier this year, Startup Games joined the Notley Fund as one of its signature programs that amplify giving in local communities.

The Notley Fund grows out of Graham’s, and his wife and co-founder Lisa’s, commitment to creating positive change. As CEO of BuildASign.com, Graham made charitable donation a part of company culture; they have contributed more than $1 million of in-kind donations to more than 1,700 local and national non-profit organizations. With the Startup Games, Dan and Lisa Graham hope to give more businesses the same power for positive change.

“Our vision is to have the top startup communities across the world competing in local events with the goal of raising $1,000,000 per year for charity,” Graham said.

Here is the complete list of teams and the charities they’ve chosen to support:

Boundless Network — Charity: Meals on Wheels and More
Capital Factory — Charity: Breakthrough Austin
Civitas Learning — Charity: Center for Child Protection
theCHIVE — Charity: CHIVE Charities
Headspring — Charity: Do It For The Love
LawnStarter — Charity: NAMI-National Alliance on Mental Illness
Modernize — Charity: Girl Start
OneSpot — Charity: Without Regrets
OutboundEngine — Charity: Austin Children’s Shelter
OwnLocal — Charity: Austin Bat Cave
RideScout — Charity: Team RWB
Sparefoot — Charity: Kure It
TrendKite — Charity: JDRF Austin
uShip — Charity: Communities in Schools of Central TX

The Austin Startup Games kick off at 12:45 pm CT at Fair Market, 1100 E. 5th Street. Doors open at 12:00 p.m. The event is open to the public. A $10 donation is suggested for admission.

The Austin Startup Games, founded in 2012, is sponsored by PwC, CBRE, Kastner Huggins Reddien & Gravelle, ScaleFactor, Geeks Who Drink, McKinley Rother DiMarco, and Easton Park.

Datical Raises $8 Million in VC Funding

imgres-1Datical, which makes software that lets companies update applications on their databases easily, announced Thursday it has raised $8 million funding.

The Austin-based startup, founded in 2012, reported that S3 Ventures led its Series B round with participation from existing investors Mercury Fund and Austin Ventures. Previously, Datical raised $6.9 million in venture capital from seven investors, according to its Crunchbase profile.

The company plans to use the funds to expand its platform, which lets companies automatically keep up with the increasing speed of application rollouts. It also plans to hire more product developers, sales and marketing staff.

“Whether our customers are using cloud or on-premise databases, we enable them to increase the speed, accuracy and security of database change,” Derek Hutson, CEO of Datical, said in a news release. “As the market turns to Datical to solve this problem, partnering with S3 enables even greater investment in our technology and provides our current and future customers with ever-increasing value.”

Datical’s customers include Fidelity Investments, GE Transportation, eBay Enterprise, Deloitte and the State of North Dakota.

“As enterprises continue to adopt DevOps as the ideal approach for application delivery, we recognize the database is quickly becoming the next area of focus for automation in IT,” Brian R. Smith, managing director at S3 Ventures said in a news release. “Datical’s combination of a leadership position in a growing market, innovative technology and an experienced team make this a natural fit for S3.”

Silicon Hills News did this profile of Datical in 2014.

Civitas Learning Buys College Scheduler

logoCivitas Learning announced Wednesday it has acquired College Scheduler, a web-based class scheduling platform for students at colleges and universities.

The financial terms of the deal were not disclosed.

College Scheduler, based in Redding, Calif., was founded by a student, Robert Strazzarino, at California State University at Chico, to solve his problems with scheduling classes and registration. Now College Scheduler serves over 175 institutions across 34 states, Canada, Australia and New Zealand, according to the company’s website.

Class scheduling is still a frustrating and antiquated process at many college campuses. College Scheduler makes it automated and easy. With the addition of College Scheduler to Civitas Learning’s Student Insights Platform students can now do class scheduling and registration online.

“We know that successfully completing college has multi-generational benefits for students and society, but far too many learners face bureaucratic and logistical barriers—especially nontraditional students. Streamlining class scheduling can help level the playing field for all students, enabling them to focus first on learning and achieving their goals, not making their class schedule work,” Charles Thornburgh, CEO and Founder of Civitas Learning, said in a news release.

All employees from College Scheduler will join the Civitas Learning team.

“From day one, our mission has been to provide students with a streamlined planning and registration experience that increases student success,” Robert Strazzarino, CEO of College Scheduler said in a news release. “With Civitas Learning, we have found a true partner in our vision of helping more students graduate worldwide. Our entire team is excited for the journey ahead and we are happy to be part of the Civitas Learning family.”

This is Civitas Learning’s first acquisition following a growth investment of up to $60 million in September 2015, led by the global private equity firm Warburg Pincus.

ATI Joins ACC to Launch Services for Life Sciences Startups in Austin

images-3Austin Technology Incubator at the University of Texas at Austin has teamed up with the Austin Community College District to launch business mentoring services aimed at life sciences startups.

The services will be available at ACC’s Advanced Commercialization ACCelerator, opening later on this year at the ACC Highland Campus. That locations will have biotechnology equipment, specialized wet lab space, conference areas and staff to help startups commercialize their products.

“We are pleased to partner with ACC to launch this important laboratory element of the Austin life sciences ecosystem,” Cindy WalkerPeach, Director of ATI’s Health/Biosciences Incubator said in a news release. “We are extremely supportive of ACC’s efforts to develop laboratory space for life science startups.”

ATI plans to provide business mentoring to startups at ACCelerator and it will help the organization with infrastructure development of systems, processes, governance, network of key individuals and funders. And ATI will establish a pipeline of prospective accelerator startup companies.

“ACC’s biotechnology program is a vital resource to Central Texas’ growing biotechnology sector,” Tyler Drake, Advanced Commercialization ACCelerator director said in a news release. “Collaborations with partners like ATI provide valuable insight and experience to further advance the commercialization of cutting-edge discoveries and technologies.”

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