Techstars Startup Cloud 66 Plans to Move to Austin Permanently

Cloud 66 moved to Austin from London two months ago to participate in Techstars and the startup plans to stay here. For its business, the U.S. is the best place to be, said Khash Sajadi, CEO and co-founder of Cloud 66. Cloud 66 is one of 11 companies in the latest Techstars program in Austin. […]

Rackspace Co-Founder Pat Condon on Startup Grind San Antonio

At the age of five, Patrick Condon, co-founder of Rackspace, remembers stocking the shelves at his parents video rental store. It was his first memory of seeing how business works. He also walked dogs, mowed lawns and threw papers. In college, he would buy computer parts cheap and then sell them on America Online and […]

TrueAbility Lands $750,000 in Seed Stage Funding

TrueAbility, a technology recruiting startup in San Antonio, has landed $750,000 in seed stage funding. Rackspace Co-Founder Pat Condon and Graham Weston, Co-Founder and Chairman of Rackspace led the funding round. TrueAbility, based at Geekdom, launched last year with its flagship product AbilityScreen, a cloud-based assessment service used by companies to evaluate the technical skills […]

Rackspace Hosting Expands in Austin

By ANDREW MOORE Reporter with Silicon Hills News Cloud computing company Rackspace Hosting Inc. has a new home in Austin. The company moved into an 87,000 square foot location next to I-35 in north Austin in October. The offices can accommodate more than 500 employees. The web hosting company currently has 400 people – adding […]

Dell Unveils $60 million Fund for “the Next Big Thing”

Dell Ventures, the investment arm of Dell, wants to find and fund the “next big thing.” So the Round Rock-based company has unveiled a $60 million investment fund focusing on early stage companies in the “storage, server, networking, cloud computing and virtualization, analytics/BI/Big Data, mobility, end-user computing, services and software” businesses, according to a news […]

TechStars’ Cloudability Closes on $8.7 million in Venture Capital

In the first TechStars class held at the Geekdom earlier this year, Cloudability already had a head start on some of the other companies. The Portland-based startup had already participated in the Portland Incubator Experiment. When the team landed in San Antonio, they had already raised $1.1 million, according to VentureBeat. Now Mat Ellis, Cloudability’s […]

Most IT Decision Makers View Cloud Computing Positively

Who is this guy in this picture that doesn’t have a positive opinion of cloud computing? San Antonio-based Rackspace today released a survey of information technology decision makers showing that nine out of ten have a positive opinion of cloud computing and customer service and technical support were their top considerations when choosing a cloud […]

Gazzang Branches Out from its Encryption Roots

By YASMIN GHAHREMANI Special contributor to Silicon Hills News Something was bothering Larry Warnock. It was 2010 and the former CEO of Phurnace Software had recently finished leading his company through a successful sale to BMC. His next challenge was advising two Houston entrepreneurs on how to realize their business idea. Mike Umansky and Chris […]

CopperEgg raises $2.1 million and hires new CEO

CopperEgg has raised $2.1 million to complete its first round funding. The Austin-based cloud monitoring and analytics company also hired Bob Quillin as its new CEO. Silverton Partners led the investment along with Webb Investment Network and several private investors including Kenny Van Zant of Asana. To date, CopperEgg has raised $4.1 million. “Cloud computing […]

TechStars Cloud Demo Day blasts off today in San Antonio

Three months ago, a group of entrepreneurs moved into Geekdom in downtown San Antonio. Since then, the inaugural TechStars Cloud participants have been toiling away and working to create blockbuster cloud businesses that will change the world. Some have iterated, pivoted and overhauled their operations countless times. Names have changed. Teams have mixed it up. […]