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Five Years After it Went Private, Dell Technologies is Going Public

Michael Dell, Chairman and CEO of Dell Technologies.

Five years ago, Austin’s top technology company, Dell went private in a deal valued at $24.4 billion.

And Monday, that same company, now known as Dell Technologies, announced that it is going public and its stock will be listed on the New York Stock Exchange.

Dell Technologies plans to exchange each share of Dell Technologies Class V tracking stock for 1.3665 shares of Dell Technologies Class C common stock, or $109 in cash, up to a total of $9 billion.

VMWare’s board of directors has voted to declare an $11 billion cash dividend to all its shareholders with Dell Technologies’ share being approximately $9 billion.

Michael Dell, who currently owns 72 percent of Dell Technologies common shares, will continue to serve as Chairman and CEO.

“I am proud to lead this great company into its next chapter as we continue to evolve and grow to the benefit of our customers, partners, investors and team members,” Dell said in a news release. “Unprecedented data growth is fueling the digital era of IT, and we are uniquely positioned with our portfolio of technologies and services to enable the digital, IT, security and workforce transformations of our customers. Most importantly, I remain deeply committed to this company and working with our world-class team to build the long-term value of Dell Technologies and its businesses.”

Silver Lake, which partnered with Dell in 2013 to execute the largest privatization in the history of the technology industry, currently owns 24 percent of Dell Technologies’ common shares and as part of this transaction will maintain the entirety of its investment in the company.

The proposal is subject to shareholder approval. It is expected to close by the end of the year.

Amazon Launches Warriors@Amazon Group in Austin

Amazon’s Austin General Manager Terry Leeper announcing Warriors@Amazon group.

Amazon’s Austin Tech Hub on Monday launched Warriors@Amazon.

The group is comprised of Amazon employees who have served in the military and those still serving in the Guard and Reserve and all Amazon employees who support them.

In 2016, Amazon pledged to hire 25,000 veterans and military spouses by 2021 and since then the company has hired more than 17,500, said Austin General Manager Terry Leeper.

“We are way ahead of schedule for that and we’re very proud of that,” Leeper said.

In a little over two years, Amazon has hired 900 employees and occupies two buildings in the Domain area. It also has more than 100 jobs open in the Austin area including 17 listed in the Austin Warriors@Amazon group. The jobs are primarily for engineers. Overall, Amazon has more than 1,500 jobs listed worldwide targeted at military veterans and spouses.

“We have a big strong community here at Amazon for those in the military, veterans, and spouses,” Leeper said.

To help military veterans and spouses fill those jobs, Amazon launched an apprenticeship program that trains them in cloud computing, data service or software development, followed by a 12-month paid apprenticeship at Amazon.

In Austin, Amazon employees work on Amazon Web Services, Amazon Business, Alexa, video game design, advertising and more.

Amazon’s overall footprint in Austin is expanding. It bought Whole Foods a year ago and operates several distributions centers in the greater Austin area.
Austin is also a finalist for Amazon’s H2Q, a second Amazon headquarters. Amazon held a small event at its Austin offices in the Domain Monday to recognize the new chapter. Congressman Michael McCaul spoke at the event.

“Proud that Amazon is in Austin. We’re kind of hoping that the headquarters moves to Austin,” Congressman McCaul said. “But this is a really phenomenal step forward in terms of the veteran and helping treat the warfighter.”

“As chairman of the homeland security committee, I’ve been to the theater of war whether it be Iraq, Afghanistan, in the Persian Gulf on an aircraft carrier, I’ve seen the work they are capable of doing,” McCaul said. “When they come back from the theater of war they are looking a job, experience and an opportunity and I think that’s exactly what Amazon is providing.”

And it’s great to see the private sector step up and through this Warriors program and hire veterans, McCaul said.

“It’s such a noble effort,” McCaul said.

In August, Amazon will be honored with the Secretary of Defense’s Employer Support Freedom Award. It is given by the U.S. government to employers for their outstanding support of employees serving in the Guard and Reserve.

“Many of the qualities I valued in the military are also present here at Amazon,” said Michael Nelms, a Navy veteran and now an Amazon technical recruiter in Austin. He co-founded the Warriors@Amazon group with Christina Brown, an Amazon senior human resources assistant and the spouse of an Army veteran.

Military spouses can adapt rapidly, and problem solve regularly, Brown said. She moved from the Seattle Amazon headquarters to Austin with her husband and wanted to establish a Warriors@Amazon group here to foster comradery and support.

Austin-based Mood Media Buys focus4media

Austin-based Mood Media, the parent company of Muzak, announced Monday afternoon that it has acquired focus4media, one of the largest Mood independent affiliates in North America.

The financial terms of the deal were not disclosed.

Focus4media provides sight, sound, scent and system solutions to businesses in the mid-Atlantic region, including Alabama, Florida, Virginia and more places in the Eastern United States.

“This acquisition allows us to expand our client base in a region that continues to grow and show great opportunity,” Ken Eissing, Mood Media’s President of In-Store Media, said in a news release. “Focus4media has a strong leadership team and a history of serving its clients well, and we look forward to continued success in the region.”

“The timing was right for both parties,” Gary Alshouse, focus4media’s CEO, said in a news release. “I’m proud of what our team built, but I’m also excited about the new opportunities that lie ahead for us, together.”

Mood Media reaches more than 150 million consumers each day through its in-store media solutions. The company provides sight, sound, scent and social mobile technology systems for restaurants, hotels, banks, retailers and small businesses.

U.S. Air Force Sec. Wilson Launches AFWERX Innovation Lab at Capital Factory

By LAURA LOREK
Publisher of Silicon Hills News

The U.S Air Force Secretary Heather Wilson officially launched AFWERX, an innovation lab, at Capital Factory on Wednesday.

AFWERX is like the skunkworks of the Air Force. It allows military personnel to collaborate with industry, educators, entrepreneurs and others on new ideas and products without dealing with military bureaucracy.

Wilson officially opened the AFWERX office at Capital Factory at a 7:00 a.m. event that included Austin Mayor Steve Adler, Democratic Candidate for Congress and Retired U.S. Army Lt. Colonel Joseph Kopser, various politicians, military members, entrepreneurs, business leaders, community members, press and Ret. Admiral Bobby Inman, a pioneer of the Austin technology community.

The origins of AFWERX came from Air Force Special Operations Command and something they called softworks that was going on in Florida to try to drive innovation, Wilson said. They got outside the fence and engaged with the entrepreneurial community in solving some of its toughest problems in ways that the military usually just isn’t good at, she said.

“We looked at what they were doing, and we said we need to do more of this,” Wilson said. “We need to engage more communities in this way.”

The U.S. Air Force as a corporate entity is tough to do business with, Wilson said. So AFWERX provides the outreach to that entrepreneurial community to make innovation easier. AFWERX has a technology accelerator program in conjunction with Techstars that it launched in Boston last year. It also has an AFWERX location at the University of Nevada in Las Vegas.

“We have returned to an era of great power and competition,” Wilson said. “For the last 27 years of continuous combat, the U.S. Air Force has been focused on the violent extremist fight in the Middle East where we were dominating in technology.”

The U.S.’s adversaries have been studying the Air Force and studying its vulnerabilities, Wilson said.

“We are now in a circumstance where in many areas our adversaries, particularly China is innovating faster than we are,” Wilson said. “We need to take note of that as we return to great power and competition. Not in imitating what they are doing but in accelerating the pace of innovation for the warfighter today.”

The U.S. needs to look at what China’s not doing to innovate faster and to be successful in protecting this country in the 21st century, she said.

Today, the world is seeing an accelerated pace of change where ideas can become products relatively quickly, Wilson said.

“We recognize the bureaucracy in which we work doesn’t always work to allow innovation to happen and that’s one of the reasons for creating things like AFWERX,” Wilson said.

“Don’t’ wait for us. Get after this,” Wilson said. “We’ll clear the way and we’ll allow innovation to happen and we’ll drive forward in the future together.”

U.S. Air Force Secretary Heather WIlson and Joshua Baer, founder of Capital Factory, exchanging Challenge Coins to commemorate the launch of AFWERX.

AFWERX has an office on the ground floor of Capital Factory, which is a technology accelerator with 60,000 square feet of space and three floors in the Omni building in downtown Austin.

“This is really becoming a hotbed of military innovation,” said Joshua Baer, managing director of Capital Factory.

AFWERX is the second military innovation office at Capital Factory.

In 2016, U.S. Secretary of Defense Ash Carter established the Defense Innovation Unit Experimental or DIUx at Capital Factory. It has similar offices in Silicon Valley and Boston. The DIUx works with Austin entrepreneurs to create cutting-edge technology for military applications. The DIUx is tackling big challenges in the areas of autonomy, artificial intelligence, machine learning, cybersecurity, and analytics.

Recently, Capital Factory has had visits from members of the Army Futures Command. Austin is one of five finalists for the headquarters that will lead the Army’s innovation and modernization efforts. The other cities under consideration are Boston, Minneapolis, Philadelphia, and Raleigh, North Carolina.

“It’s exciting for AFWERX to be here and also very fitting for it to be in Austin, Texas,” said Mayor Steve Adler. “I really do think innovation, creativity, entrepreneurship, and drive is part of our DNA in this city. It’s who we are. I think it’s in the water.”

Nine Ventures Pitch at Impact Hub’s Inaugural Workforce Development Accelerator Demo Day

Impact Hubs’s Workforce Development Accelerator Demo Day

Nine ventures pitched solutions to provide better jobs for Austin’s low-income workers at Impact Hub’s inaugural Workforce Development Accelerator Demo Day Monday night.

The 11-week accelerator, sponsored by Capital City Innovation, Workforce Solutions and Impact Hub, worked with nine ventures. Other sponsors included Google, JPMorgan Chase & Co., BuildFax, and Digi.City.

“We are creating this new path forward for the city of Austin and beyond,” said Ashley Phillips, managing director of Impact Hub.

Impact Hub will be launching another cohort in the fall around affordability, Phillips said.

“If you have an idea, we want to hear it,” she said.

Austin is doing really well for many people, but others are being left behind, said Tamara Atkinson, Chief Executive Officer of Workforce Solutions. One of the goals of the accelerator is to help Austin residents find better jobs and get out of poverty. The city’s poverty rate is around 14.5 percent.
The nine ventures in the accelerator gave presentations on each of their ventures and their plans to transform Austin’s workforce.

Jereka Thomas-Hockaday, founder of the Central Texas Allied Health Institute

CENTRAL TEXAS ALLIED HEALTH: Jereka Thomas-Hockaday, presented her venture: Central Texas Allied Health Institute, which will offer certificate, applied associate and applied bachelor’s degree programs in the medical field. It is partnering with MedToMarket BioSkills Lab for classroom and laboratory space.

“Our mission is to create a world where vulnerable communities can have quality healthcare education at an affordable price,” Thomas-Hockaday said.

The goal is to offer a for-profit career college education at a community college price, Thomas-Hockaday said. It is targeting the low-income populations in East Austin to provide healthcare training to obtain jobs in the medical field, she said.
It plans to graduate 200 students per year. It plans to begin enrolling students in the fall of 2019.

Lav Chintapalli, CEO and founder of Alcye

ALCYE: Lav Chintapalli, CEO and founder of Alcye, presented her online platform for peer to peer learning, mentoring, and social learning.
The focus isn’t solely on content, it’s on collaboration and exchange, Chintapalli said.

Peer engagement helps students with learning, she said. Alcye creates community and engagement, she said.

“There are a lot of platforms out there, and Alcye sits right in the middle of them,” Chintapalli said.

“We want to help increase learning and create community in any adult learning environment,” Chintapalli said.

In the end, everyone is looking for connection, community and shared learning and Alcye provides that, Chintapalli said.

Alcye plans to launch in Austin and rollout nationwide and eventually internationally, Chintapalli said.

THE NOURISH FOUNDATION: Olivia Hernandez, founder of The Nourish Foundation, created a catering and event business that provides its workers with living wages and gives them life skills development opportunities.

One of the people she worked with, Omar, worked his way up in her company, Hernandez Hospitality, to become an onsite manager. He left her organization with a 66 percent wage increase, she said. He is now studying to get his bachelor’s degree in math and physics.

“That’s what happens when you get a living wage,” Hernandez said.

Through giving these opportunities to her workers, Hernandez developed The Nourish Foundation to reach more people.

MEDIATECH VENTURES: Paul O’Brien and John Zozzaro presented their idea for a media accelerator to help Austin’s creative economy.

“The problem that we’ve identified and that we’re most passionate about is a big one,” O’Brien said. “It’s that in the entire United States workforce in just about two years almost half of everyone is going to work for themselves in some capacity.”

These are freelance professionals, consultants, designers, journalists, musicians, O’Brien said.

“Nowhere is that more evident than here in Austin,” he said.

The challenge before all is that in the live music capital of the world, almost half of everyone works below the poverty line, O’Brien said.

Austin’s creative class is exploding now, but they aren’t being supported, O’Brien said.

MediaTech Ventures is developing its accelerator at the old Motorola campus and plans to roll out its program to other cities in coming years, said Zozzarro, a musician.

#WI – Ryan Steglich and Tasha McCarter founded #WI, a platform that connects top talent from diverse backgrounds to Austin companies.

During the accelerator, #WI interviewed more than 70 business leaders and community stakeholders about their access to diverse talent. A small group kept wanting to talk about the pipeline problem, Steglich said.

“The pipeline problem is an excuse,” he said.

Diverse workplaces financially outperform others, Steglich said. #WI stands for workforce inclusion, diversity, he said.

With Austin’s unemployment rate of 2.6 percent, the competition for talent continues to increase, Steglich said.

#WI has a relationship with BWSE – Black Women in Science and Engineering and with a diversity recruiter that servers Fortune 500 companies, said McCarter. #WI puts its network to work to find qualified diverse candidates to fill jobs at companies, she said.

“We build bridges before the need arises,” McCarter said.

#WI is a one-stop shop for posting jobs and recruiting diverse talent, McCarter said.

Chris Lofton founder of the Austin Coding Academy

AUSTIN CODING ACADEMY: Four years ago, Chris Lofton created the Austin Coding Academy to provide flexible and evening classes for students to learn to become web developers and software engineers.

“At Austin Coding Academy we give people opportunities who would not have them otherwise,” Lofton said.

Austin has a problem. About 55 percent of Austin residents make less than $40,000 a year and at the same time, an average salary for a web developer in Austin is $71,000, Lofton said.

There are companies that want to hire people and they cannot find them, Lofton said. The disconnect is training and education. Coding boot camps last, on average three months and cost $20,000, he said. Austin Coding Academy provides flexible, evening and part-time courses with the program costing around $9,000. Austin Coding Academy also provides mentoring, tutoring and support, he said.

The instructors are all professional developers, he said.

Austin Coding Academy has an 80 percent completion rate and an 80 percent placement rate, Lofton said. Hundreds of people have gone through the program, he said.

However, Austin Coding Academy wants to do more. It wants to serve the underrepresented populations that don’t have anyone in their network in the technology industry, Lofton said. It recently partnered with the Dreams Come True Foundation to put two people through its program that couldn’t afford it. It’s also working with Goodwill.

“I want Austin Coding Academy to be a talent pipeline for your company,” Lofton said.

“Help us change more lives, Austin needs us,” Lofton said.

Brianna Kablack, program manager with 3 Day Startup

3 DAY STARTUP: Brianna Kablack presented a 3 Day Startup program called Next Level targeted at accelerating the careers of middle-skilled workers through entrepreneurship education.

“In 2030, 85 percent of the jobs that will exist have not been created yet,” Kablack said.

3 Day Startup has run its entrepreneurship foundations program over 500 times in 30 countries around the world. And it has seen more than 100 companies launch from its programs, Kablack said.

At the core of what 3 Day Startup does is teach the entrepreneurial mindset, she said.

Next Level has a career canvass that helps people reach their goals, Kablack said. It has partnerships with the Austin Coding Academy and Nourish Foundation. It ran a pilot program with those organizations and plans to run another program this fall.

PELOTONU- Navid Ladha and Hudson Baird founded the nonprofit organization that helps working adults earn a college degree on time and debt free.

“We’re all here because a skills gap exists in Austin,” Ladha said.

Last month, there were 43,000 jobs open in Austin and a workforce in Austin that wants them but there isn’t a bridge between the two, Ladha said. That’s where PelotonU comes in, he said. Its education pathway fits around the lives and schedules of working adults, he said.

PelotonU is not a college but it facilities the introduction to qualified, high-quality online degree programs and it provides support to students to help them graduate on time. Its graduation rate is 81 percent, compared to 16 percent at Texas community colleges, he said.

KEYUP: Adam Chasen and Mary Hannah Duhon created KeyUp, a web platform built to connect individuals with training programs and support services.

Americans are taught to believe there is only one path to gaining skills in the U.S. and that’s through a four-year college degree, Duhon said.

But that’s not true, people can become a nurse, electrician or a computer programmer without obtaining a four-year degree, she said.

KeyUp gives young adults from low-income families an alternative path to middle-class jobs other than a four-year college degree, Duhon said.

KeyUp has spoken to 24 organizations that are willing to partner with them to help educate low-income adults in Austin, Chasen said.

By 2024, most jobs will require some training beyond high school, but not a four-year degree, Chasen said. KeyUp plans to help people get those skills, he said.

Newchip Raises $2 Million in Seed Stage Funding and Launches a $1 Million Crowdfunding Campaign

Ryan Rafols, courtesy photo

Newchip, the online platform that aggregates crowdfunding deals, announced recently that it has closed on $2 million in seed funding.

Austin-based Newchip also launched an equity-based crowdfunding campaign on Wefunder. It has already raised $102,000 of its $1 million goal from 84 investors. Wefunder is an equity-based crowdfunding platform that lets people invest as little as $100 into a company.

Newchip doesn’t run a crowdfunding platform, but aggregates campaigns from other platforms on its site and categorizes them by investment type and more. It’s like the Kayak of crowdfunding, said Ryan Rafols, its founder and Chief Executive Officer. Newchip has more than 20 platform partners and more than 50,000 users on its platform.

“We’ve helped Austin become one of the biggest cities in getting deals backed,” Rafols said.

Newchip, founded in June of 2016, saw an opportunity to create an investment marketplace aggregator for everyone. It officially launched at South by Southwest in 2017, Rafols said.

“This is angel investing for everyone,” Rafols said.

Before the U.S. Securities and Exchange Commission approved equity-based crowdfunding in 2015, only accredited investors or high net worth individuals, could invest in startups at the early stage.

Newchip recently closed on $2 million in seed stage funding with institutional investment from JadeValue, SputnikATX, Youbi Capital, and Polymath.
Newchip held a kickoff event at Barile downtown last week to launch its first equity-based crowdfunding campaign. The company has ten employees.

“Newchip is bringing massive value to the industry and we love the team, they are helping democratize investing in high-growth startups,” Joe Merrill, partner with SputnikATX said in a news release. “There are hundreds of crowd investing platforms and that’s why aggregating them into a single market is such a revolutionary idea.”

“By aggregating investment opportunities into a single platform, it makes it easier for everyday Americans to build a diverse portfolio and find investments they believe in and can back in exchange for equity,” according to Newchip. “Also, Newchip recently opened its marketplace to blockchain and securitized tokens and is continually adding in new sectors, categories, and hundreds of investment opportunities each month. “

5 Tech Events to Attend in San Antonio This Week

It’s summertime and the living is easy, despite temperatures almost hitting triple digits all week long.

And the tech scene in San Antonio is also heating up.

Lorenzo Gomez announced Monday morning the launch of a new venture, Geekdom Media and its first podcast, Brand Brothers. Check it out on iTunes.

Also, there’s some cross-pollination of tech ecosystems going on this week with Michael Girdley, managing director of the Geekdom Fund, traveling to Galvanize on Thursday to give a talk about how to raise a seed stage round of investment. If you feel like making a road trip, there are still a handful of tickets available at $10, which includes lunch and beverage.

And late next month, Silicon Hills News is hosting “BlogIt SA 5” fifth annual content creation event at Geekdom’s Event Centre. Join us for a day of learning and networking. We’re also looking for a few sponsors.

Here are some other San Antonio tech events happening this week worth checking out:

TUESDAY – June 26 – AI Meetup at 6 p.m. at the Geekdom Event Centre featuring FunnelAI. Pizza provided by Codeup.

WEDNESDAY: June 27: One Million Cups at Launch SA at the downtown library starts at 9:15 a.m. and features entrepreneurs pitching their ventures before a live audience. Tickets are free.

WEDNESDAY: June 27: Startup Grind San Antonio hosts David Monroe, San Antonio Museum of Science and Technology at the museum starting at 6 p.m. Tickets start at $5.

THURSDAY – June 28: Global Lecture Series at 6 p.m. at the Geekdom Event Centre by EPICenter on clean energy. Kick off speaker is Lynn Abramson, PhD, president of the Clean Energy Business Network.

FRIDAY – June 29th – Geekdom announces the June recipients of its Community Fund grants at 10 a.m. at the Geekdom Event Centre.

Upcoming Events:

BlogItSA 5 – a daylong conference at the Geekdom Events Centre on Saturday, July 21st focused on content creation. Tickets are $30.

Ten Tech Events to Attend in Austin This Week

Ellsworth Kelly’s Austin at the Blanton Museum of Art.

Today marks the start of the SXSW 2019 PanelPicker Speaking Applications process. Submit your ideas for a chance to present at Austin’s top tech conference.

Despite it being summertime, it doesn’t look like the Austin tech community is taking a vacation. There are lots of Austin tech events to attend this week including one put on by Silicon Hills News at Galvanize on Thursday starting at noon. It features Michael Girdley, managing director of the Geekdom Fund, a $20 million early-stage investment fund, based in San Antonio. He will be presenting on How to Raise a Seed Stage Round of Investment. There are a few tickets remaining at $10, which includes lunch.

MONDAY – June 25: Looking for something to do tonight? Check out Demo Day at Impact Hub for Austin’s Workforce Development Accelerator Community Showcase Day featuring nine startup ventures. It kicks off at 6 p.m. at Impact Hub – 411 West Monroe St. Tickets are free.

TUESDAY- June 26: Career Pivots & Side Hustles – How to Create the Life You Want by Team Austin at WeWork West 6th starting at 5:30 p.m. Tickets are $15.

TUESDAY – JUNE 26: A Celebration of Defense Innovation in Texas at Capital Factory. Celebrating the launch of AFWERX, the Air Force’s innovation initiative opening an office at Capital Factory kicking off at 6 p.m. Tickets are free, but limited.

WEDNESDAY – JUNE 27: 5G and the Future of Wireless in Austin by Austin Tech Alliance at Google Fiber Space starting at 6 p.m. Tickets are free.

THURSDAY – JUNE 28: How to Raise a Seed Stage Round of Investment, Galvanize at noon. Tickets are $10 and include lunch.

THURSDAY – June 28: Capital Factory Job Fair kicks off at 7 p.m. on the 1st floor. Tickets are free.

THURSDAY – June 28: Panel: Male Allies at Work by Breaking the Glass starting at 5:30 p.m. at RetailMeNot, 301 Congress, Fourth Floor. Tickets are free.

THURSDAY – June 28: Net Neutrality 101: Why an Open Internet is Important by the Electronic Frontier Foundation starting at 6:30 p.m. at Terrazas Branch Library, 1105 Cesar Chavez St. Tickets are free.

FRIDAY – June 29: Scaling Up for Female Entrepreneurs: Deal Head on with Head Trash. Starts at 9 a.m. at Capital Factory. Tickets are Free.

FRIDAY – June 29: ATXRHACK – a Visualization hackathon taking place at Walmart’s Technology Center in downtown Austin and put on by Underminer Studios. Tickets are $50.

Dura Holdings in San Antonio Buys Utah-Based Moki Mobility

Paul Salisbury, CEO of Dura Holdings and CEO of Moki, courtesy photo.

Dura Holdings, a new software company in San Antonio, recently announced the acquisition of Utah-based Moki Mobility, a software company.

Moki Mobility, founded in 2011, is moving its operations from Lehi, Utah to San Antonio. The company will initially have three employees and it is hiring for additional positions. The financial terms of the deal were not disclosed. Moki is located in the Vogue building on Houston Street in the tech district. It still plans to keep an office in the Salt Lake City area.

Moki’s software allows companies to convert mobile devices like iPads and Android Tablets into retail kiosks, mobile point of sale devices, digital signs, product displays, conference room schedulers, or retail sales terminals. Moki’s cloud-based platform provides security, remote management and monitoring of the mobile devices and applications.

“We are extremely excited to help take Moki to the next level. This is a world-class team that we’re excited to now have as part of our family,” Paul Salisbury, CEO of Dura Holdings. Mr. Salisbury will be the CEO of the Moki division of Dura.

Mokie has hundreds of customers including Moneygram, Belly, PayPoint and Clark’s Shoes, in more than 55 countries.

To date, Mokie has raised $12.4 million in venture capital, according to CrunchBase. Its investors included Epic Ventures, Pelion Ventures, and Allegis Capital.

Dura Holdings is a new software company that acquires and operates business to business software companies. Paul Salisbury is Dura’s CEO and the new CEO of Moki. He previously served in executive roles at Rackspace and Dell.

“Dura buys companies with the intent to never sell them,” according to a news release. “Business owners appreciate that Dura will ensure the legacy of the customers, partners, and employees.”

Michael Girdley, managing director of the $20 million Geekdom Fund, which invests in early-stage startups, is a board member of Dura Holdings. Girdley also co-founded Codeup in San Antonio and serves as a partner at RealCo, a long-term accelerator, based at Geekdom in San Antonio.

Oracle Startup Cloud Accelerator to be Based at Capital Factory

JD Weinstein, head of Oracle Startup Ecosystem in Austin.

In February, Oracle announced it planned to launch its Oracle Startup Cloud Accelerator program in Austin.

On Friday, J.D. Weinstein, the new head of the Oracle Startup Ecosystem in Austin, provided details on the program including that it will be based at Capital Factory downtown.

“Usually, you don’t hear Oracle and Startup in the same sentence together until Oracle is buying a startup,” Weinstein said. But in Austin Oracle will make a big push to engage with startups, he said.

Weinstein, a former principal at WPP Ventures and previously a venture associate at Capital Factory, joined Oracle recently to run the Austin program which is Oracle’s first accelerator in North America. Oracle has eight other global locations in Bangalore, Bristol, Mumbai, Delhi, Paris, Sao Paulo, Singapore and Tel Aviv.

“If you’re a business to business technology company that is ready to scale and use enterprise customers then this could be the accelerator program for you,” Weinstein said.

Oracle and Capital Factory are joining forces to provide support and a network of connections to the startups selected for the program. The first cohort, which is expected to begin in September and last six months, will get access to Oracle’s 430,000 customers, technical and business mentors and more. The five to six startups selected to participate in the program will also get free co-working space at Capital Factory and access to its mentor network and community.

Oracle is not taking any equity in the startups it selects for the program and it’s not providing any financial investment, Weinstein said. Oracle hasn’t had a venture fund for years and works closely with other venture capital firms, he said.

“We are excited that Oracle has invested in Austin as the first U.S. location of its global accelerator,” Joshua Baer, founder and executive director, Capital Factory, said in a news statement. “The combination of our mentor network and Oracle’s cloud platform and customer connections will provide startups a major advantage in growing their business.”

Oracle has been steadily growing its presence in Austin. Oracle’s Founder Larry Ellison traveled to Austin in March to officially open Oracle’s Austin waterfront campus. The campus includes 560,000-square-foot building, as well as a parking garage, on 40 acres on the Lady Bird Lake waterfront. On-campus amenities include fitness facilities, a full-service café, food truck court, expansive business training and conference center, game rooms, terraces and outdoor collaboration areas, as well as the adjacent 295-unit Azul apartment complex, which serves as a housing option for Oracle employees. Ellison said he expects the campus to grow to more than 10,000 employees in coming years.

Oracle also bought an early-stage startup, Austin-based StackEngine, focused on cloud computing, backed by Silverton Partners and LiveOak Venture Partners, in 2015.

The Oracle Startup Cloud Accelerator is accepting applications from early-stage tech companies through August 7. It’s industry agnostic, Weinstein said. The program will culminate with a formal Demo Day to investors and others in Austin community.

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