Tag: startup (Page 3 of 4)

Ziften Technologies releases its software and lands $5.5 million in financing

Ziften Technologies just closed on $5.5 million in its Series B financing.
And the Austin-based startup released its first software product, Behavioral Lightweight Intelligence for Stressed Systems, nicknamed BLISS, which lets companies easily manage and deploy software across Windows desktop computers.
Ziften’s software leds to “improved uptime, business alignment, performance, security, and reduction of errors and annoyances,” according to the company.
With the latest round of funding, Ziften plans to add additional software products and market BLISS.
“We are ready to deliver BLISS to IT organizations everywhere,” Mark Obrecht, Ziften’s CEO, said in a news statement.
The two year old company has raised $11.3 million so far with the latest round led by Fayez Sarofim & Co. Other investors include Andrew Busey, former CEO of Challenge Games now with Austin Ventures.
Ziften serves several Fortune 500 companies in the aerospace, chemical and publishing industries already with its BLISS software product.

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 has grown dramatically over the last few years to address a broader base of customers who have ever increasing demands for speed, simplicity, quality of service and value,” Quinllin said in a news release. “CopperEgg is at the forefront of a second generation of companies who are enabling this mass adoption, through SaaS-based solutions that are smarter, faster, lighter weight, and more accessible than the previous generation of cloud monitoring tools.”
Quinllin previously worked at Hyper9, EMC Lonix and nLayers.

WhaleShark Media Awards Top Shark a Costco Shopping Spree

At WhaleShark Media, the “Employee of the Month,” known as its “Top Shark” gets to spin a wheel of fortune and win a prize.
Employees nominate the hardest working WhaleShark employee and management votes on the winner.
In the past, Top Sharks have won free flights and hotel stays anywhere in the U.S., Super Bowl tickets, elliptical machines and more.
Recently, Austin-based WhaleShark added a new prize: a timed three minute shopping spree in Costco. The employee and one helper can load up on as much merchandize as they can get to the register in three minutes. Then Cotter Cunningham, WhaleShark CEO, pays for the purchases and they get to walk out of the store with the merchandise.
Recently, “Top Shark” WhaleShark employee Angela Wong hit the jackpot.
On Thursday, Angela, cheered on by 80 employees, took on Costco and won, said Brian Hoyt, head of communications at WhaleShark Media.
“The grand total – Angela is now the proud owner of nearly $25,000 in merchandise,” Hoyt said. “Including: 3 flat screens, 10 cameras, 2 computers, several Dyson vacuum cleaners and case of nice champagne!”
The wheel of fortune is just one of the ways WhaleShark rewards employees, Hoyt said. The company is focused on attracting and retaining the top technology talent in Austin, he said.

Famigo closes on a $1 million round of seed financing

Famigo announced today that it has closed on $1 million in a seed round of financing led by Silverton Partners, with participation from Zilker Ventures, Liahona Ventures and CapitalFactory.
Founded in 2009, Famigo has created a mobile phone application that lets families find kid-friendly content and restrict access to other mobile phone features on Apple iOS and Android mobile phones as well as the web. Famigo plans to use the financing to expand internationally and to expand its products.
“The mobile explosion has uniquely impacted families: kids are increasingly adept at using new technologies and parents suffer from an enormous responsibility to vet every purchase and experience,” Famigo CEO Q Beck said in a news release. “It doesn’t have to be that way: Famigo helps parents identify quality content, enforce their personal guidelines and better manage the mobile lives of their families. Silverton Partners’ investment validates Famigo’s technology as well as the business opportunity in solving the overwhelming frustration and concern parents feel around mobile technology and the family.”
For more on Famigo, please read this Silicon Hills News profile by Susan Lahey.

Avnet Acquires Austin-based Ascendant Technology

Avnet announced Monday its plans to acquire Ascendant Technology, based in Austin.
Phoenix-based Avnet, an electronics component maker, did not disclose terms of the deal.
Ascendant Technology, an information technology consulting firm, helps businesses create ecommerce, web content management, cloud computing and other solutions. It had revenue of approximately $90 million in 2011.
Founded in 2003, Ascendant Technology has more than 500 employees. The acquisition, pending customary regulatory approval, is expected to close within 45 days.
Avnet’s stock, traded under the symbol AVT on the Nasdaq market, closed up nearly 2.5 percent at $36.83.

InfoChimps Helps Companies Mine Big Data for Golden Nuggets

BY SUSAN LAHEY
Special Contributor to Silicon Hills News

InfoChimp's Dean Cruse, VP Marketing, Winnie Hsia, Marketing Manager, Dhruv Bansal, CSO & Co-founder, Adam Seever, VP Engineering, Holly Wood, Office Manager, Huston Hoburg, Web Engineer, Joseph Kelly, CEO & Co-founder


Dhruv Bansal and Flip Kromer, two of Infochimps’ founders, were budding research scientists, graduate students at the Center for Nonlinear Dynamics at the University of Texas Physics Department. They had no real thought of building a startup. But it did occur to them that not only they, but lots of other people, had the daunting task of looking for answers in giant sets of data—Big Data. Data sets too big to be accessed by normal computers in normal time frames. Sets that require tons of storage and processing capacity.
Bansal, for example, had a school project that required him to laboriously collect and assimilate demographic information on five million students who had taken the Texas Assessment of Knowledge and Skills.
Kromer understood Big Data not only as a scientist but as someone who held a degree in computer science.
So they suspected that the people who dealt in Big Data would rejoice if someone created a marketplace where you could find whatever chunk of Big Data you might need–like stock prices over the last 30 years or weather patterns over the last 100. They just couldn’t figure out how to monetize it.
“We didn’t perceive it to be a business project,” said Bansal. “It was just two graduate students building this service that would make our lives easier…but it was difficult to garner the resources needed to do this right. How do you get funding if you’re not planning to make money?”
Along came Joe Kelly, who responded to a Craigslist ad placed by Bansal and Kromer, seeking a developer for the physics department’s website. They didn’t hire Kelly. But he didn’t go away, either. Kelly was fascinated by chaos theory and data sets. Not a physicist, he had taken a year of business school, run a Chinese import company, an adventure travel company, and traveled around the Caribbean in a sailboat for three years. The way Bansal put it, Kelly kept bugging Bansal and Kromer, wanting to hang out with them and learn more about what they were working on. One day it dawned on them he might be just the guy to turn Infochimps from a graduate school project to a real business.
Now the guy who wasn’t quite up to par to build a website is the CEO.
Infochimps started as a data marketplace—a place you could sell all the data you compiled on coniferous plants of the Northern Hemisphere or incidences of actual injury involving slipping on a banana peel. It’s a place you could go to buy someone else’s research on geologic findings on a particular igneous rock.
In 2010, about a year after it started, Infochimps got $1.2 million in funding from venture capital firm, DFJ Mercury. This followed $375,000 in seed financing from angel investors. The company said it would use the money to increase the amount of data available to its customers. Currently it manages about 15,000 public and proprietary data sets for download and API access.
As a business model, Bansal said, that worked fine. But customers kept asking if Infochimps would help them turn their tidal waves of data into actionable information sets.
“A lot of our customers were saying ‘We already have too much data internally. We can’t handle it. We’d love to be able to take advantage of the data we have.” At first, Bansal said, they said no.
“Then we realized it was better to say ‘Yes.’ There’s immediate revenue.”
So, over the last several months, the company has been adding a whole new set of skills to its business model. It acquired Data Marketplace, a data company and Keepstream, that curated Tweet data. The second company was, Bansal said, a talent acquisition. It replaced its original CEO, attorney and co-founder Nick Ducoff, with Kelly in November 2011. When a company’s vision changes, Bansal said, everyone doesn’t see the future the same way. Ducoff and Infochimps “parted amicably” according to public reports.
And last month, Infochimps introduced its platform for helping customers use data more meaningfully. The company has developed specific tools: Ironfan for handling stack data; Wukong which simplifies Hadoop streaming; Swineherd, which runs scripts and workflows for file systems; and Wonderdog, a Hadoop interface for elastic search.
With these tools, Bansal said, and some customization, Infochimps can help companies of various sizes from multiple industries translate its Big Data into actionable information.
“Every major company I talk to is looking at ways to use Big Data technology to extract insights,” said Paul D’Arcy who is connected in the Austin Big Data community because of his role as executive director for America’s Marketing for Dell. But he’s offering his personal opinions here.
“None of them has the expertise to piece together open source technology to develop the components to do this. It takes time and investment…. Big data is one of the three or four biggest trends in technology right now and Infochimps is innovative in that they’ve built one of the first systems with all the pieces for organizations of any size to take advantage of all these technologies.”
One of Infochimp’s customers is Austin startup Black Locus, which provides pricing information on thousands or millions of products across retailers. The service helps retailers make adjustments to boost their place in the market.
Infochimps was able to speed Black Locus’s implementation of its service by months, as it does for many startups, Bansal said. Black Locus said Infochimps helps it help its customers.
“Infochimps provides us with a scalable infrastructure for dealing with the sheer quantities of data we collect and process,” said Trebor Carpenter, director of engineering for Black Locus. “This allows us the ability to focus on our core technology and algorithms. As trendy as Big Data has become, there are plenty of people claiming to be data scientists simply because they can correctly spell “hadoop.” But the Infochimps platform helps us transform a firehose of data into insight our customers can use to win in the marketplace.”
The percentage of companies that can really leverage their Big Data is tiny, Bansal said. But the number of companies that use it growing fast. Infochimps aims to help companies at all ends of the spectrum. Startups are a big target market because of Infochimps capacity to speed their process to market by months. But its prospective customer base is broad, especially with newer open stack technology that allows companies to get cloudlike technology from their computers.
“A lot of bigger companies started trying to solve their own data problems and came up with their own solutions and shot themselves in the foot,” Bansal said, referring to clients like the one that realized it was running more than 150 servers that weren’t producing anything.
Now everyone from Mom-and-Pop operations to giant corporations needs more efficient ways to pull valuable information from the giant, growing, waves of data being created through the internet, social media and other sources.
“When we first started,” Bansal said, “we had to explain what Big Data was. Now it’s everywhere.”

Spaceman and Game Designer Richard Garriott promotes private space travel at SXSW

BY SUSAN LAHEY
Special Contributor to Silicon Hills News

Richard Garriott, game designer, spaceman, CEO of Portalarium

It cost Richard Garriott “tens of millions” of dollars to travel to outer space in the Russian Soyuz spacecraft in 2008. Now his goal is to make it commercially feasible for people to travel for “ones of millions.” And he’s not alone. Garriott, an internationally known game designer who presented at SXSW Saturday, listed several companies investing in technologies to make traveling, doing business and living in space possible for the rest of us.
Garriott is co-vice chairman of Space Adventures which sent him and half a dozen other space tourists up in a Russian craft—NASA will not permit commercial space flights. There’s also the X Prize Foundation which holds multimillion dollar competitions for various aspects of private space research and exploration; SpaceX which develops launch vehicles and spacecraft for NASA with an eye to commercial space travel; Sierra Nevada Corp.’s Dream Catcher spacecraft can carry up to seven crew and cargo to the International Space Station and Bigelow Aerospace is developing space complexes for future space travelers.
Garriott himself, who has tracked mountain gorillas in Rwanda, floated down the Amazon, slept in a tent in the interior of the Antarctic, and been at the bottom of the Atlantic to see the Titanic, has on his bucket list “space diving”–the extra terrestrial version of sky diving–and living on Mars. He bought lunar landers that were left behind, making him the only private holder of real estate on the moon.
In his presentation, he explained how a program like XPrize, offering a billion dollar prizes to organizations that can create infrastructures needed to make Mars habitable, would spread the colonization investment over several different companies and make it financially feasible for humans to become an interplanetary species.
Garriott’s father, Owen Garriott, was an astronaut, as were the neighbors on either side of his house. His mother was an artist who helped Garriott devise complex science projects that made him something of a science fair celebrity. His father came home at night from NASA with technotoys that wouldn’t be introduced to the general market for 20 years—like the photo multiplier tube, a core segment of what is now referred to as night vision.
“So we would take this photo multiplier tube outside at night and follow the neighborhood cats,” Garriott said.
In Garriott’s world, going to space was normal. So when he was told at the age of 12 that his vision problems would keep him from being an astronaut, it was as if he was barred from the fraternity to which his father and all the family’s associates belonged. As it turned out, he was the first person to travel into space after having laser eye surgery and paved the way for other laser surgery patients to become astronauts.
When he was in high school Garriott was introduced to computers when his school bought a teletype computer that no one knew how to use. The school gave him permission to teach himself to use the computer in one hour a day, every school day, for four years. A fan of the book The Lord of the Rings and the game Dungeons and Dragons, Garriott created 28 video games on that computer.
By the time the Apple computer came out in the late 1970s, Garriott was already a veteran game designer. Right out of high school, he had a national distributor publish one of his games. By the time he got to the fourth version of his first game, Ultima 4, he was focused not only on the technology, but on the impact of it.
“As the author, you’re the hero. But most people do whatever they need to do to be powerful and defeat the bad guy waiting for them at the end, even if that’s steal, pillage, plunder. I thought, how can we hold a mirror up to them to inspire them to be more truly heroic. So I made it so the game watches your behavior. It sees whether you give money to the beggar or not. There was one character who was really easy to steal from and most people figured that out pretty easily and stole from her. But later you might need something from one of those characters. And you’d go up and ask for help and the character would say ‘I’d love to help the hero who is here to save us but you are a lying…stealing….”
Garriott remains a game designer—and an eccentric one at that. He wears a silver snake necklace he made when was 11 that is permanently attached to his neck. He has a lock of hair on the back of his head he’s been growing since the 1980s. He used to wear many rings until he married a year ago and his wife, a hedge fund manager, asked him to scale down to her wedding band for the time being. And he paints his toenails a different color every day. Saturday it was beige.
He collects automatons—toys or work of art that move. He has an Austin mansion that has sometimes been called a haunted house. And he’s a magician.
Last year, Garriott cofounded Portalarium, an Austin-based developer and publisher of games for social networks and mobile platforms. The company’s first game is Ultimate Collector Garage Sale.
But he has other passions now as well. One is the environment. He’d always seen himself as an environmentalist and excused his laxness with the usual excuses: it was too difficult to live truly green. It was too expensive.
Seeing the earth from space, however, he could detect the yellowish smoke over the Amazon and the places in Africa where clear cutting and burning was going on. Seeing the peacefulness of the Pacific and the turbulence of the Atlantic, the fissures from tectonic plate activity and the erosion as water poured into the sea, all gave him a sense of how small, actually, and fragile the earth is.
“Suddenly the earth was finite. It was something you could get your hands around.”
So he came home and revamped his lifestyle, adding photovoltaic panels to his home, reducing waste and trading in all his gas guzzling SUVs for more fuel efficient cars.
He’s also passionate about space.
He’s passionate about finding ways to fund his own future journeys, for one thing. On the recent trip he had created a software that warned astronauts when they were approaching spots where they were supposed to take photos. Previously astronauts had to watch out the window and try to visually line up the photo they’d gone up with with the scene below.
He also did work protein crystallization for ExtremoZyme, Inc., a biotechnology company he co-founded with his father. The proteins they used have important cellular functions and are associated with common human diseases. The weightless environment of space helps form superior crystals which researchers on earth to study to learn more about the molecular structure of these proteins for protein engineering and drug design.
But he’s also passionate about bringing other people the opportunity to share in the kinds of adventures he’s been able to experience.
“I’m an explorer,” he said, “but not an explorer like Sir Edmund Hillary who was the first man to climb Mt. Everest. His attitude was, ‘I’m going to climb this and I might make it or I might die but I have to try.’ I have no interest in dying.”
It used to be that one could only explore as Sir Edmund Hillary did or go on a Disney cruise. He wants to offer alternatives. Today, he said, if you want to go space, the bottom of the sea, or to the poles, his business is the place to seek out.
One of his most amazing adventures was visiting the interior of the Antarctic where the air and silence are so complete they seem to distort your understanding. Describing a place where the scouring wind had created what appeared to be a massive frozen wave he said: “How does our world have things like this and we never see them.”
He wants to see disappearing indigenous populations before they completely disappear. He wants to put a stick in lava.
“I have a passion for exploration,” he said, “I have a passion for understanding and I have a passion to create things for others to explore.”

Tabbedout now allows bars and restaurants to accept Paypal

Just in time for South by Southwest, bar patrons can now access their PayPal account to pay for a bar tab thanks to Austin-based Tabbedout, the mobile payment solution that enables customers to open, view and pay their bar or restaurant tab with their phone.
No need to carry around a bunch of credit cards during the insanity that is SXSW. Instead, Tabbedout works on any iPhone or Android mobile phone. The free app lets you settle a bar or restaurant bill with PayPal at select Austin locations.
“PayPal is enthusiastic about giving our consumers the choice to make payments any time, anywhere and in almost any way they want,” Scott Dunlap, vice president of emerging opportunities for PayPal said in a news statement. “Being offered within the Tabbedout mobile app is another way we’re delivering consumers a fast, secure way to pay without ever pulling out their wallets.”

Omni Water Solutions lands $7.9 million, plans to create clean water systems for oil and gas operations


Omni Water Solutions won the Clean Energy Venture Summit last October.
Now the Austin startup, which makes a portable water purifying system, just landed $7.9 million in a first round financing deal led by Austin Ventures. Backers also included investors “connected to land, oil, and gas in the Eagle Ford Shale region of Texas,” according to Omni’s news release.
Omni plans to use proceeds from the financing to create water treatment units for oil and gas operations where water can be treated and re-used instead of discarded.
Founded in 2010, Omni has patent-pending technology that allows it to treat a high volume of contaminated water effectively with its portable systems at remote locations.
“Omni has an industry-leading approach, which has resulted in successful pilot tests with several marquee exploration and production operators,” Clark Jernigan, Venture Partner at Austin Ventures, said in a statement. “We believe that as domestic energy exploration continues to expand, Omni’s advanced technology will become increasingly important to companies that are looking for economical solutions to water conservation and re-use.”

Omni Hippo System – Oil & Gas Market from Omni Water Solutions on Vimeo.

Austin-based Infochimps announces new cloud-based data platform

Austin-based Infochimps, a data marketplace, has announced a new product, the Infochimps Platform for big data.
The Infochimps Platform allow companies to create and manage big data sets faster and cheaper, according to its news release. Infochimp customers including SpringSense Runa and BlackLocus use the platform to sort through data from databases, the web and Infochimp’s Data Marketplace.
“Every big data challenge is unique. The Infochimps Platform is the glue that holds it all together regardless of the infrastructure you’re running, and helps you get the most possible value out of your investment,” cofounder and CEO Joe Kelly said in a statement.
Infochimps is also now offering services such as custom data projects, training and support.
CNET has a story “Little Startup Infochimps has a Platform for Big Data” and so does GigaOm “How Infochimps wants to become Heroku for Hadoop.”

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