SailPoint Files to Raise $100 Million in a Public Offering

SailPoint Technologies, founded in 2005, filed papers with federal regulators on Friday to raise $100 million in an initial public offering. The Austin-based cybersecurity firm has raised $26 million to date in venture capital and private equity funding. The company plans to use the proceeds of its offering to expand operations and add additional customers. […]

Austin Bids to Become Amazon’s Second North American Headquarters

“That’s right, you’re not from Texas, but Texas wants you anyway” to quote Lyle Lovett. And Austin wants the second Amazon headquarters. City leaders officially submitted Austin’s bid to Amazon on Wednesday, a day before the deadline. On Sept. 7, Amazon announced the Seattle-based tech giant was looking for a second North American headquarters, Amazon […]

Techstars Launches an Impact Accelerator Based in Austin

Techstars on Wednesday morning announced the launch of the Techstars Impact Accelerator, its first program aimed at for-profit startups that are tackling social and environmental problems. The accelerator will be based in Austin. Applications open in December. The program kicks off in June of 2018. Zoe Schlag, the program’s Managing Director. Since 2014, Schlag has […]

Austin Game Maker Certain Affinity Lands $10 Million Investment from Hong Kong Firm

Certain Affinity announced Monday Leyou Technologies Holdings Limited of Hong Kong has made a $10 million investment for a 20 percent stake in the Austin-based game development company. The international investment follows a $5 million investment in Certain Affinity by Capstar Partners, an Austin-based private investment firm. Under the agreement with Leyou Technologies, Certain Affinity […]

MassChallenge Texas Kicks off in Austin

By LAURA LOREK Publisher of Silicon Hills News MassChallenge Texas kicked off Monday evening with a big crowd at the Bullock Texas State History Museum in downtown Austin. “I want Texas to be the place where startups come to innovate,” said Mike Millard, managing director for MassChallenge Texas. The global accelerator is now accepting applications […]

Fostering Austin’s Global Connections During Austin Startup Week

By LAURA LOREK Publisher of Silicon Hills News Austin made a major push to cultivate relationships with other countries during the first International sessions at Austin Startup Week. Representatives from Australia, Colombia, Mexico, Pakistan, Ireland and the European Union made presentations at Capital Factory on Thursday. Capital Factory has had 20 international startups set up […]

AlertMedia Lands $8 Million in Funding

AlertMedia, a communication software provider, announced Wednesday that it has raised $8 million Austin-based Next Coast Ventures led the Series B round with continued investment from ATX Seed Ventures. To date, the Austin-based company has raised more than $17 million from investors including Silverton Partners and angel investors. AlertMedia plans to use the funds on […]

Content Creation for Entrepreneurs to Drive Engagement at Austin Startup Week #ASW2017

By LAURA LOREK Publisher of Silicon Hills News At Galvanize this morning, I presented Content Creation for Entrepreneurs to Drive Engagement. More than 180 people signed up for the presentation, which kicked off at 8 a.m. following last night’s Austin Technology Council’s Battle of the Bands. About half of those people showed up. And we […]

Austin Startup Week Kicks Off #ASW2017

It’s the Seventh Annual Austin Startup Week. Silicon Hills News started in September of 2011, the same month the first Austin Startup Week took place. Back then, the event was much smaller and the tech community in Austin was a whole lot smaller too. Austin Startup Week is still led by the two founders, Jacqueline […]

Trashbots Aims to Bring Inexpensive Robotics Kits to Students

By LAURA LOREK Publisher of Silicon Hills News In remote and impoverished areas of the world, teaching children science, technology, engineering, and math, or STEM skills can involve a lot of expensive resources. It requires computers, labs, buildings, high-speed Internet, power supplies, and pricey robotics kits with trained instructors. That’s a problem Rohit and Sidharth […]

Stephanie Breedlove, Co-founder of Care.com Homepay, Provides Entrepreneurial Advice on the Ideas to Invoices Podcast

Stephanie Breedlove founded Breedlove & Associates in 1992. She built the nanny payroll company into a multi-million-dollar business with more than 10,000 active clients. In 2012, Care.com acquired her company for $55 million and it became Care.com Homepay, according to an article in Forbes. Today, Breedlove is an angel investor with the Central Texas Angel […]

Ericsson Opens a 5G Design Center in Austin and is Hiring 80 Employees

By LAURA LOREK Publisher of Silicon Hills News Ericsson announced Thursday plans to open a design center in Austin with 80 employees by next June. The center is focused on microelectronics and creating products for the 5G telecommunications marketplace. “This R&D center will be one of our key centers when it comes to 5G ASIC […]

Adam Salamon with Next Coast Ventures, Discusses his Entrepreneurial Journey with Perk on the Ideas to Invoices Podcast

By LAURA LOREK Publisher of Silicon Hills News Adam Salamon is the first Entrepreneur in Residence at Next Coast Ventures, an Austin-based venture capital firm. Salamon most recently served as co-founder and chief operating officer of Perk Inc., a rewards and engagement platform that went public on the Toronto Stock Exchange. RhythmOne PLC acquired Perk […]

Iris Plans Lands $5.1 Million to Take the Pain out of Managing Long-Term Illness

By LAURA LOREK Publisher with Silicon Hills News For Dr. Stephen Bekanich, treating long-term illnesses early on with advance care planning is a personal mission. Dr. Bekanich’s grandmother had metastatic breast cancer and his grandfather had dementia. “Even as a physician I felt ill prepared to be able to take them through this,” Dr. Bekanich […]

TrustRadius Raises $5.5 Million in Venture Capital

TrustRadius, founded in 2012, announced Wednesday it has raised $5.5 million in additional funding for its technology review platform. The Austin-based company reported LiveOak Venture Partners led the Series B round with participation from existing investor Mayfield. To date, TrustRadius has raised $13 million. In addition to the funding, the company added Bill Macaitis, former […]

Next Coast Ventures Adds Two Technology Venture Partners and its First Entrepreneur in Residence

Next Coast Ventures announced Wednesday that it is has added two technology venture partners and its first entrepreneur in residence. The Austin-based venture capital firm has added Paul Rogers and Jim Dunham as Technology Venture Partners, which will serve as mentors to the firm’s tech entrepreneurs in its portfolio and advisers to the fund’s leadership. […]

Google Unveils its new Office in Downtown Austin

BY LAURA LOREK Publisher with Silicon Hills News From the outside, 500 W. 2nd street might look like any new skyscraper in downtown Austin. But inside, it’s got that Google flair with scooters in the lobby, a swing, balance boards, a ceiling made of recycled canoes, an Airstream trailer food truck, outdoor movie theater, dog […]

The Zebra Lands $40 Million in Venture Capital and Hires Keith Melnick as CEO

The Zebra, an insurance comparison marketplace, announced Tuesday that is has closed on $40 million in financing and hired Former Kayak Executive Keith Melnick as its new Chief Executive officer. The Austin-based startup reported Accel Partners led the Series B financing round, the largest Texas Series B financing this year. Melnick, former president of travel […]

Sputnik ATX Launches an Incubator/Accelerator in Austin Aimed at Helping Startups Scale

By LAURA LOREK Publisher of Silicon Hills News Sputnik ATX is one of Austin’s newest startup incubators and accelerators. “We’re in a bit of a stealth mode right now,” said Oksana Malysheva, President, and CEO of Linden Education Partners and CEO of Sputnik ATX. Sputnik ATX, which fashions itself after a Y-Combinator incubation model, will […]

Andrea Kalmans, Principal of Lontra Ventures, Talks Tech Investing on Ideas to Invoices

By LAURA LOREK Publisher with Silicon Hills News Andrea Kalmans, a principal with Lontra Ventures, is a force in the Austin and San Antonio technology community. She spends her time mentoring entrepreneurs and working with technology startups. In this episode of Ideas to Invoices, Kalmans, an angel investor, discusses how she has seen Austin change […]

MassChallenge Texas Launches with Plans to Work With up to 100 Startups

MassChallenge, a global network of network of startup accelerators, announced Wednesday plans to launch its new program in the Austin and San Antonio region. The Austin-based nonprofit accelerator will work with up to 100 startups that will compete for up to $500,000 in equity-free cash awards. The MassChallenge Texas accelerator program is “supported by a […]

Partners of the RealCo Seed Fund Program in San Antonio talk Entrepreneurship on Ideas to Invoices

The RealCo Seed Fund Program, founded in January at Geekdom, is helping business to business startups succeed. “We are vested in their success,” said Teresa Evans, a partner in the RealCo Seed Fund Program. The goal is to help the companies scale and get to a point where they can raise a Series A round […]

Experts Say Mass Adoption of Augmented and Virtual Reality is Many Years Away

By LAURA LOREK Publisher of Silicon Hills News It’s going to take the mass consumer market years to catch up to all the innovation in the augmented reality and virtual reality marketplace, according to a panel of experts at the University of Texas at Austin on Thursday. One of the challenges for virtual reality and […]

A Skills Gap Exists Between What Colleges are Teaching and What the Technology Industry Needs

By LAURA LOREK Publisher of Silicon Hills News A huge gap exists between what colleges are teaching students and what a company like Apple needs, an Apple executive said Thursday. “I don’t consider myself an expert on education technique, what makes great curriculum or any of that. I’m sort of like a big user of […]

Austin-based Favor Raises $22 Million in Funding

The Austin-based on-demand delivery service, Favor, announced Thursday that it has reached profitability and raised $22 million in venture funding. S3 Ventures led the Series B financing round, which included existing investors. “Scaling a high-touch, hyper-local logistics business is no easy task, and all the credit goes to our team’s relentless focus executing on our […]

LiveOak VP and Telestax Discuss Early Stage Technology Investing in Austin on the Ideas to Invoices Podcast

In 2010, LiveOak Venture Partners saw a vast opportunity in the Austin and Texas market for early stage technology entrepreneurs. “But there was not as much capital available as many of the local entrepreneurs would attest to,” said Krishna Srinivasan, general partner with LiveOak VP. So, in 2013 to 2014, Srinivasan and his partners raised […]

In the Aftermath of Hurricane Harvey, Businesses and Individuals Donate Millions to Help with Relief Efforts

Hurricane Harvey hit South Texas hard and with billions of dollars in losses, it is proving to be one of the costliest natural disasters in our nation’s history. Houston, Beaumont, and the Port Arthur area received more than 50 inches of rain in a short amount of time flooding many houses and businesses and wreaking […]

Chris Burney with the San Antonio Angel Network Discusses Angel Investing on Ideas to Invoices

By LAURA LOREK Publisher of Silicon Hills News San Antonio has always had angel investors but it hasn’t had a formal network for a while, but a year ago that changed with the formation of the San Antonio Angel Network. “A group of local investors, visionaries, entrepreneurs got together and hatched the idea that San […]

Michael and Susan Dell Pledge $36 Million to Help Rebuild Texas Following Hurricane Harvey

Michael Dell, chairman, and CEO of Dell Technologies announced in a post on Facebook Friday plans to donate $36 million to a fund to Rebuild Texas. “We must rebuild the Texas communities devastated by Hurricane Harvey together,” Dell wrote. On Friday, Michael and Susan Dell launched the Rebuild Texas Fund with Gov. Greg Abbott and […]

Peachtree Software Founder and Serial Entrepreneur Ben Dyer on Ideas to Invoices

By LAURA LOREK Publisher of Silicon Hills News Embrace the big idea and do a big fat startup, Ben Dyer, successful entrepreneur and mentor, advises new entrepreneurs. In the last six and a half years, Dyer has seen at least 10,000 startup plans since he’s been in Austin. The free beer app is not a […]

Bunker Labs and Irreverent Warriors in Austin and Other Veterans Mobilize to Rescue People Following Hurricane Harvey

On Monday morning following the landfall of Hurricane Harvey, Johnathan Wojtewicz headed to Houston in his truck towing a Jet Ski equipped with a boat deck capable of rescuing nine to ten people and animals. But on the way to Houston, he ended up rescuing about 40 people stranded in their vehicles along the highway […]

Texas Guadaloop and 512 Hyperloop Compete this Weekend at SpaceX Hyperloop Competition II

Earlier this month, in the basement of the Ernest Cockrell Jr. Hall at the University of Texas at Austin campus, James McGinness worked with his team to put the final touches on a transportation pod for Texas Guadaloop. McGinness, team lead for Texas Guadaloop, graduated with his Masters in Mechanical Engineering from UT in May, […]

Emma Takes Email Roadshow to Austin

Email is still the backbone of an effective marketing campaign, said Karen Gragg, vice president of marketing at Emma. Marketers report email generates the most return on investment with a 47 percent return, compared to the next highest platform, social media, with a 19 percent return, according to Gragg. Emma held an event Thursday afternoon […]

Apple’s CEO Tim Cook Visits Austin and Announces New Training Program with Austin Community College

At Capital Factory Friday morning, Apple CEO Tim Cook announced a new partnership with the Austin Community College District to offer its App Development with Swift curriculum to students. The program, which Apple is rolling out at more than 30 community colleges nationwide, allows students to learn app development skills that will prepare them for […]

Capital Factory’s Women in Tech Summit Examined Ways to Improve Austin’s Tech Industry

By LAURA LOREK Publisher of Silicon Hills News The technology industry has a problem. Its workforce isn’t diverse enough. That means not enough women and not enough people of color, but it also means not enough people of varying ages, faith, sexual orientation, disabled, military veterans and other differentiators. Why is that important? Because studies […]

Women Entrepreneurs are Key to Economic Growth in the U.S.

By LAURA LOREK Publisher of Silicon Hills News “Entrepreneurship is essential to our standard of living and economic growth,” said Stephanie Breedlove, co-founder of Care.com Homepay. “Entrepreneurs create new wealth and new jobs,” Breedlove told several hundred people attending Capital Factory’s Women in Tech Summit Wednesday afternoon in downtown Austin. Yet entrepreneurship has been shrinking […]

Polygraph Media is Disrupting the Advertising Industry through Data and Analytics

Chris Treadaway doesn’t chain smoke or drink cocktails all day at his office at WeWork at the Domain. But he is living a Modern-Day version of Mad Men, the AMC TV series that dramatized the lives of ad men in the 1960s at a fictional New York advertising agency. Today, Treadaway is involved in the […]

11 Startups Join DivInc’s Latest Accelerator Program

In 2016, Preston James, Ashley Jennings, and Dana Callender founded DivInc to bring greater entrepreneurial diversity to Austin’s technology industry. The 12-week accelerator program, based at Capital Factory, has graduated two cohorts so far and made a big impact on providing women and minorities with greater access to mentors, funding, partnerships and the overall inner […]

Vyze Lands $13.1 Million in Venture Capital

Vyze, a cloud-based financial technology company, has raised $13.1 million in venture capital to accelerate its growth and expand into new markets. Austin Ventures with additional investment from Fathom Capital and Starvest Partners led the Series C financing round. The company, founded in 2008, has raised $48.1 million including the latest funding round. As part […]

Austin-based Press Raises $500,000 in Seed Funding to Expand On-demand Laundry and Dry Cleaning Service

Nobody likes to do laundry. But we all need clean clothes and many of us are too busy to fetch our dry cleaning and laundry. That’s where Austin-based Press comes in. The startup, based at Capital Factory, just raised $500,000 in seed stage funding to expand its business. The company, which began as a Longhorn […]

uShip Unveils Bright, Inviting New Corporate Headquarters

By LAURA LOREK Publisher of Silicon Hills News Heather Hoover, executive vice president of operations at uShip, joined the company in 2005, a year after its founding. At the time, uShip, the online shipping marketplace and freight automation software provider, didn’t have a formal office. Nick Parker, chief technology officer at uShip, and the founders […]

Indeed.com Acquires Interviewed

Indeed, a global job site based in Austin announced it has acquired Interviewed, a human resources technology company based in San Francisco. “Indeed’s mission is to help people get jobs, and today we make it easy for millions of job seekers to find and apply to jobs all over the world,” Chris Hyams, president of […]

True Wealth Ventures’ Sara Brand and Kerry Rupp Seek to Change the Landscape of Venture Capital Investing

The general partners of True Wealth Ventures want to see more female led companies get venture capital investment. And they want to see more female venture capitalists making investments in the industry. The $20 million True Wealth Ventures fund invests in women led companies in the sustainable consumer and consumer health industries. Sara Brand and […]

Austin Tech Alliance Hosts its First Tech Town Hall at WeWork Domain with District 7 Council Member Leslie Pool

The biggest challenge for Austin and the Texas Legislature is tackling school finance, according to Austin District 7 Council Member Leslie Pool. “More than half of the property taxes that are paid by Austin homeowners, commercial properties and businesses go back to the state under recapture,” Pool said. That’s more than $400 million this year […]

Five Events to Attend in San Antonio This Week

TUESDAY – The Future of Work Panel discussion at Geekdom put on by Freelance Conference. The panel discussion kicks off at 3 p.m. and runs until 4:30 p.m. at the Geekdom Events Centre at 131 Soledad Street, San Antonio. Register here. WEDNESDAY – Second Annual Coding Challenge Luau starting at 6:30 p.m. at the Geekdom […]

Five Events to Attend in Austin This Week

It may be the heart of the summer and the Texas heat is going strong, but that doesn’t mean technology activity has slowed down in Austin. Silicon Hills News has highlighted five events to attend in Austin this week. TUESDAY– WeWork and the Austin Tech Alliance will host a tech town hall meeting with Councilwoman […]

Vast’s John Price Talks About the Evolution of Austin’s Technology Industry on Ideas to Invoices

John Price went to the University of Texas in the early 1980s before there was a tech scene in Austin. He left for a job at Shell and ended up in Silicon Valley. But he always wanted to return. Price spoke about the evolution of Austin’s technology industry with Silicon Hills News for its Ideas […]

Austin-based Telestax Lands $4.7 Million in VC Funding

Telestax announced this week it has raised $4.7 million in funding. Austin-based LiveOak Venture Partners led the funding round. The company plans to use the money on product development, customer support and marketing. “We are thrilled to bring Telestax into our portfolio of promising companies. The exceptional team, high-value technology and resulting customer adoption of […]

Investor and Entrepreneur Michael Girdley Featured on Ideas to Invoices Podcast

Michael Girdley, an entrepreneur, and investor, is one of the people actively working to establish San Antonio as a technology hub. Girdley, who earned a computer science degree with honors from Lafayette College, worked as a programmer in Silicon Valley. He is also the author of several books on Java programming with a focus on […]

Seven Austin Entrepreneurs Win Big at WeWork Creator Awards

In the first ever Austin WeWork Creator Awards, seven Austin entrepreneurs won $845,000 in financial grants and now head to New York City fo the final event. The biggest winner, GrubTubs, took home $360,000 in the scale category, the top prize at the event held at Austin City Limits Live at Moody Theater Tuesday night. […]

Austin-based Mood Media Completes Deal to Become a Private Company

Austin-based Mood Media Corp. announced Wednesday its acquisition by several investors including Apollo Global Management and GSO Capital Partners. Mood Media, the parent company of Muzak, is now privately-held and its stock will no longer trade on the Toronto Stock Exchange. The investors paid 17 cents per share Canadian for Mood Media’s stock. The deal […]

AT&T Launches Second Trial of its Ultra-Fast 5G Network in Austin

AT&T on Tuesday announced the second trial of its ultra-fast 5G network throughout more locations in Austin. Last year, the Dallas-based company completed the industry’s first wireless 5G business customer trial in Austin. The company’s second trial delivers “an ultra-fast internet connection to residential, small business and enterprise customers using Ericsson’s 5G RAN and the […]

Artificial Intelligence Startup SparkCognition Closes on $32.5 Million

Austin-based SparkCognition, a startup focused on artificial intelligence, announced Monday that it has closed on $32.5 million in funding. Verizon Ventures led the Series B funding round with participating from The Boeing Company, through its Boeing HorizonX unit. “SparkCognition has pioneered the use of artificial intelligence to bring unparalleled advancements to many of the world’s […]

HomeAway to Expand to a new 16-Story Office Tower in The Domain

Austin-based HomeAway announced it has signed a lease to occupy a new 16 story office tower in The Domain in the first quarter of 2019. The vacation rentals company reports the new 315,000 square foot location will be able to accommodate more than 2,000 employees. “As a global company headquartered in Austin and as the […]

11 Austin Individuals, Companies and Nonprofit Organizations Chosen to Compete at WeWork’s Creator Awards

This week, WeWork announced 11 Austin companies have been selected as finalists for The Creator Awards South Regional Final, which will be held next week at ACL Line. WeWork selected the finalists from more than 2,000 applications from all across the south. The event is Tuesday, June 27 at ACL Live at The Moody Theater, […]

Medici’s Founder Clinton Phillips Talks About Disrupting the Healthcare Industry on Ideas to Invoices

A Native of South Africa, Clinton Phillips, a serial entrepreneur, recently founded Medici, a HIPAA-complaint telemedicine app, in Austin and raised more than $24 million in venture capital funding. Previously, Phillips founded and ran Aspen-based Aspen Back & Body, physical rehab clinic, that he sold to Laser Spine Institute. And Phillips founded another medical advice […]

UT Austin Spinout Startup GenXComm Lands $1.5 Million in Seed Funding

One of the latest startups to spin out of the University of Texas at Austin, GenXComm has received a $1.5 million seed round of financing. The Austin-based startup is focused on doubling the amount of traffic a wireless network can handle. Its patent-pending technology is called S-SIX. FAM Capital Partners led the investment with investments […]

The Movie “For Here or to Go?” Depicts the Plight of H1-B Visa Workers in the U.S.

Rishi Bhilawadikar created the movie, “For Here or to Go?” to tell the story of H1-B Visa workers in the U.S. living in limbo. He knows the story firsthand. For 12 years, Bhilawadikar, a native of India, has been in the U.S. first under a graduate student Visa at Indiana University and later as a […]

Culture can Make or Break a Technology Company

By LAURA LOREK Publisher and reporter with Silicon Hills News Creating a great company culture isn’t just about having perks like free lunches, Ping Pong tables, and nap rooms. “They are important in a sense,” said Courtney Branson, head of culture at Square Root in Austin. “Having a Ping Pong table does bring people together […]

Amazon to Buy Austin-based Whole Foods Market for $13.7 Billion

Amazon announced Friday plans to buy Austin-based Whole Foods Market in a deal valued at $13.7 billion. “Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy,” Jeff Bezos, Amazon founder, and CEO said in a news release. “Whole Foods Market […]

Procore Technologies Hosts Summer Solstice Kick-Off Party for Austin Tech Community

Procore Technologies, which makes construction management software, is hosting a Summer Solstice Kick-Off party next Thursday. And you’re invited. The event takes place at Procore’s Austin office at 221 W. 6th Street on the 18th floor starting at 5:30 p.m. It features light dinner and drinks, but you must RSVP. “It’s not often that we […]

Eagle Eye Networks Buys Panasonic Cloud Management Service and Expands into the European Market

Since launching in 2012, Eagle Eye Networks has become the largest cloud-based video surveillance provider in North America. It’s also the largest cloud-based video surveillance provider in Asia. And now, it’s set its sights on becoming the largest cloud-based video surveillance provider in Europe. On Thursday, Eagle Eye Networks announced the acquisition of Panasonic Cloud […]

John Berkowitz, Yodle and OJO Labs Co-Founder Discusses Building Companies on Ideas to Invoices

In 2005, John Berkowitz was getting ready to graduate from George Washington Unviersity and was exploring what to do with his life. His childhood friends, Ben Rubenstein and Nathaniel Stevens, convinced him to join them in building Yodle, a provider of online advertising and marketing services to small businesses. Eventually, they grew Yodle into a […]

Cognitive Scale Gets $15 Million in new Venture Funding and Partners with USAA

CognitiveScale announced Tuesday that is has received an additional $15 million in venture capital for product development of its augmented intelligence products. Norwest Venture Partners, Intel Capital, Microsoft Ventures, the Westly Group and USAA provided the investment. To date, the Austin-based startup has raised $50 million. “We are excited about the future AI-enabled enterprise, and […]

Can Adding a Healthcare Plan Save You Money? Vista360Health Says Yes, If Done Right

If you’re an entrepreneur, you know getting a small start-up operation successfully up and running requires a watchful eye on the bottom line. Maybe you can spring for a ping pong table in the snack room, but you can’t imagine footing the bill for health insurance for you, your employees and families. You might be […]

Geekdom Fund Raises $20 Million for Seed Stage Tech Investments

The Geekdom Fund, based in San Antonio, announced this week it has closed on a $20 million fund, its largest fund to date. Previously, the Geekdom Fund raised nearly $3 million to invest in early stage tech startups. Since then, the fund has invested in Chowbotics, a Redwood City, Calif.-based startup creating robots for commercial […]

The Process of Restructuring at The Daily Dot

By Nicholas White Co-Founder, Editor-in-Chief and CEO of The Daily Dot Reprinted with permission from ATLAS, a quarterly publication on entrepreneurs from Acton School of Business If you don’t live by your values even when doing so can hurt you, then you don’t really have values. I don’t remember where I first read that, but […]

Digital Pharmacist Raises $6.5 Million

Digital Pharmacist announced Tuesday that it has closed on a $6.5 million round of financing. Activate Venture Partners, based in New York, and LiveOak Venture Partners in Austin led the Series B financing round. The Austin-based startup plans to use the money on marketing and product development. Digital Pharmacist, founded in 2012, provides digital, communications […]

Everfest Raises $3.6 Million in VC Funding

Everfest, a festival aggregation and promotions site, announced this week it has raised $3.6 million in funding. Live Nation co-led the series A round along with ATX Seed Ventures. Other investors included Red Frog Events, Chip Conley and Bob Kagle. The company plans to use the funds to hire key employees and on product development […]

Chris Taylor Built Square Root into a Thriving Software Company in Austin with no Outside Investment

By LAURA LOREK Publisher and Reporter with Silicon Hills News As a kid growing up in rural West Virginia, Chris Taylor launched his first entrepreneurial venture, ranching turtles. In the summertime, he would capture turtles from the woods and create a “Turtle Ranch” that people would pay $1 to visit. At the end of the […]

Gov. Abbott Signs Law Governing Uber, Lyft and Other Ride Hailing Companies in Texas

Governor Greg Abbott on Monday signed House Bill 100 which provides statewide regulation of popular ride-hailing companies. And Lyft and Uber both began providing rides in Austin once again. The law is effective immediately. It overrides local laws passed by cities like Austin to govern ride hailing companies. “Texas has longtime been the home for […]

17 Companies Named Winners of the 2017 Austin A-List of the Hottest Startups

By LAURA LOREK Publisher and Reporter with Silicon Hills News More than 800 people turned out Thursday night at ACL Live at the Moody Theater to celebrate 17 companies that made the Austin Chamber’s 2017 Austin A-List of the Hottest Startups. “In many ways, A-List is a lot like SXSW in that it helps shine […]

Uber and Lyft Announce Plans to Return to Austin on Monday

Uber and Lyft, the ride hailing companies, that rode off into the sunset a year ago when they couldn’t reach agreement with local officials, have announced plans to return to Austin on Monday. “Austin is an incubator for technology and entrepreneurship, and we are excited to be back in the mix. Our local team is […]

Billionaire Mark Cuban Leads $1.5 Million Investment into Austin-based Meta SaaS

Billionaire Mark Cuban is leading a $1.5 million seed round investment into Austin-based Meta SaaS, which runs a platform for managing software as a service subscriptions for companies. The startup announced the investment this week which also includes Bazaarvoice and data.world Founder Brett Hurt and participation from Barracuda Networks, Capital Factory, Deep Space Ventures and […]

Opcity and Yodle Co-Founder Ben Rubenstein Recounts his Entrepreneurial Journey on Ideas to Invoices

By LAURA LOREK Publisher and Reporter with Silicon Hills News At a funding pitch to a venture capitalist, Ben Rubenstein, co-founder of Yodle sketched out a business plan on a napkin. He showed the potential investor how Yodle was going to raise millions to capture the small to medium sized business market as customers for […]

Austin Chamber to Host the 2017 A-List Hottest Startup Awards

Austin is known for innovative startups. And the Austin Chamber of Commerce shines a spotlight on the best and brightest every year at its annual A-List Of Hottest Startups Awards. The event, which takes place next Thursday from 4:30 p.m. to 7:30 p.m. at ACL Live at the Moody Theater, is one of the city’s […]

Texas May Soon Have a Statewide Law to Regulate Ride Hailing Companies Like Uber and Lyft

A bill that would let the state of Texas govern transportation network companies like Uber and Lyft passed the Texas Senate this week and is now awaiting Gov. Greg Abbott’s signature to become law. Texas HB 100 would regulate all transportation network companies, also known as ride hailing companies, operating in Texas and require them […]

Usabili.me Launches App for Real Time Customer Feedback Online

Usabili.me this week officially launched its app that lets companies remotely moderate conversations online with customers in a few simple and easy steps. The Austin-based startup is aiming the product at the design and research community that wants to improve website performance and other products. The cloud-based subscription service provides fast and easy feedback from […]

Techstars’ Jason Seats Recounts Lessons From his Entrepreneurial Journey on the Ideas to Invoices Podcast

In 2006, Jason Seats joined his college friend Matt Tanase to found Slicehost in St Louis. Two years later, they sold Slicehost, a cloud computing hosting provider aimed at developers, to San Antonio-based Rackspace for millions. This week on the Ideas to Invoices podcast, Seats recounts how he built Slicehost with Tanase into a thriving […]

Google Buys Austin-based Owlchemy Labs

Google announced Wednesday in a blog post that it has acquired Austin-based Owlchemy Labs, a virtual reality game developer. “Together, we’ll be working to create engaging, immersive games and developing new interaction models across many different platforms to continue bringing the best VR experiences to life,” according to the Google blog post. The financial terms […]

Opcity Raises $27 Million to Expand its Real Estate Technology Platform and Plans to Hire 200 Employees in Austin

Opcity, which has created a data and analytics driven technology platform for real estate agents and brokers, Wednesday announced it has raised $27 million in funding. Icon Ventures, based in Silicon Valley, led the Series A round with participation from Georgian Partners and LiveOak Venture Partners. As part of the funding deal, Tom Mawhinney, of […]

Dropoff Raises $8.5 Million to Expand is Same Day Delivery Service Nationwide

Dropoff, the same day delivery service, announced this week it has raised $8.5 million in additional funding. The Austin-based startup, founded in 2014, plans to use the money to expand to 35 additional markets in North America, according to a news release. Last week, Dropoff announced it had entered three new markets: San Diego, Fort […]

NarrativeDX Raises Venture Capital for its Artificial Intelligence Platform Aimed at Healthcare Providers

NarrativeDX, an artificial intelligence platform that lets healthcare providers communicate with patients, announced Tuesday it has raised a round of funding. The Austin-based startup, founded in 2014, didn’t reveal the funding amount but reported it was led by LiveOak Venture Partners, Cultivation Capital and HealthX Ventures. Last year, in a profile on the company by […]

eRelevance Lands $5.1 Million in Venture Funding to Expand its Marketing Platform Aimed at Small Businesses

Austin-based eRelevance Corp, which makes a marketing platform for small to medium sized businesses to engage customers, Tuesday announced it has closed a $5.1 million round of funding. The company, founded in 2013, plans to use the funds to accelerate its growth by hiring more sales and marketing staff and to further develop its marketing […]

Silicon Hills News Launches on Patreon

By LAURA LOREK Reporter with Silicon Hills News Plato said: “Those who tell the stories rule society.” That is why fake news is so harmful to everyone. At Silicon Hills News, the news is real. For the past six and a half years, I’ve worked without a paycheck to bring technology news to the people […]

IT Security Company Lepide Selects Austin for its Global Headquarters

Lepide announced Wednesday that it has selected Austin for the site of its new global headquarters. The company, founded in 2005, also has offices in London and New Delhi and employs 236 people worldwide. It expects to have more than 50 people in its Austin office located at 600 Congress Avenue within the next 18 […]

EverlyWell Lands $2 Million More in VC Funding

EverlyWell, the Austin-based healthcare testing platform, announced Wednesday that it has received $2 million more in venture capital funding. The company, founded two years ago by Julia Cheek, the company’s CEO, has received $5 million in total funding. NextGen Venture Partners led the round with participation from Jack Novak, SoGal Ventures, Full Tilt Capital and […]

Bitfusion Lands $5 Million in VC Funding

Bitfusion, an Austin-based startup, announced Tuesday that it has received $5 million in venture capital funding. Vanedge Capital led the Series A round with participation from new investor Sierra Ventures and existing investors Data Collective, Resonant VC and Geekdom Fund. Bitfusion, which participated in the 2015 Techstars Cloud program in San Antonio, makes specialized software […]

CTAN is the Most Active Angel Network in the Country

The Central Texas Angel Network, known as CTAN, is once again one of the most active angel investment networks in the country, by number of deals done in 2016, according to the 2016 HALO report. The Angel Resource Institute, along with PitchBook, released the annual report last week. In 2016, the most active angel groups […]

Entrepreneur Louise Epstein Shares her Secrets to Success on Ideas to Invoices

By LAURA LOREK Publisher and reporter with Silicon Hills News In 1994, Louise Epstein launched Charge-Off Clearinghouse after serving on the Austin City Council. “I went on a shameless search to find out what was happening in the world,” Epstein said. There was an explosion in credit card debt and an explosion in debt that […]

FemtoMedical, Coffee Roasting Tech and GenXComm Present at UT Austin’s StARTup Studio

By LAURA LOREK Publisher and reporter with Silicon Hills News The latest presentations at the Innovation Center’s monthly StARTup Studio at the University of Texas at Austin show the variety of problems professor led startups are tackling. They included an acoustic monitoring technology to improve coffee roasting, a handheld laser device to shape bones and […]

Techstars Austin 2017 Demo Day Spotlights 10 Startups

By LAURA LOREK Publisher and Reporter at Silicon Hills News At South by Southwest, Guy Goldstein came up with the idea for WriterDuet when meeting with screenwriters and filmmakers. Goldstein created a platform, similar to Google Docs, to allow writers to collaborate on projects. Today, WriterDuet has more than 25,000 monthly users with 2,000 new […]

Optimizely Buys Austin-based Experiment Engine

Optimizely, based in San Francisco, announced Wednesday it has purchased Austin-based Experiment Engine. The financial terms of the deal were not disclosed. Experiment Engine, a graduate of the Austin Techstars program, creates tools and services that help companies test products online. Claire Vo, Experiment Engine’s CEO and Founder, will join Optimizely and continue to manage […]

CM First Group Raises $1.2 Million in Funding

CM First Group, a software company, announced it has raised $1.2 million in funding. The Austin-based company plans to use the funds for the expansion of its software tools and services. The Central Texas Angel Network and Lone Rock Technology Group with Capital Factory participating led the investment. CM First appointed Clint Whitaker of CTAN […]

Austin-based Factom Raises $8 million in Venture Capital

Factom, a blockchain technology company, announced Tuesday that it has closed on $8 million in funding. The Austin-based startup closed its Series A round with additional investment from Peeli Ventures, Harvest Equity and a number of Austin investors. In October, Factom announced it had closed its Series A round with $4.2 million in investment from […]

CTAN Members Invest $14.2 Million in 43 Companies in 2016

The Central Texas Angel Network reported its members invested $14.2 million into 43 companies in 2016. CTAN members made 15 new investments and 28 follow on investments into existing portfolio companies. That compares to $13.3 million invested in 43 companies in 2015. The nonprofit organization also saw a 40 percent increase in 2016 in the […]

Austin-Based LeanDNA Lands $4.5 Million in VC Funding

Austin-based LeanDNA, a data and analytics platform for factories, on Monday announced it closed on a $4.5 million round of funding. Austin-based Next Coast Ventures led the Series A round. LeanDNA received a seed stage investment from Rony Kahan, co-founder of Indeed. LeanDNA, founded in 2011, plans to use the funding to expand sales, marketing, […]