Open Source

Car insurance site The Zebra raises $40M and announces a new CEO

The Zebra, an Austin company that lets consumers compare car insurance rates online, has raised $40 million and named a new CEO. Silicon Valley-based Accel Partners was the lead investor in the Series B deal, which brings the total amount raised by...

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Open Source

Austin biotech firm gets $4M in drug development grants

Austin-based Pain Therapeutics has received two grants totaling $4 million to continue its development of two drugs. The news sent shares of the company up more than 8 percent. The drug development company, which was founded in 1998, was awarded a...

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Open Source

This Austin software startup has a new name and a fresh infusion of cash 

An Austin startup that wants to help sales professionals do their work has a new name and a fresh infusion of cash. Olono, formerly Nexd, says its enterprise software tool automates the process of pursuing and closing deals, letting sales reps save...

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Open Source

Austin’s FloSports races ahead with expansion plans

Austin-based FloSports is racing ahead with expansion plans. The company, which provides digital coverage of sports that don’t typically get network coverage, is launching FloBikes.com, a site dedicated to in-depth coverage of competitive cycling...

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Open Source

Wednesday Tech Crawl: Apple bets on augmented reality to sell new phones. Plus does Boston have an edge on second Amazon headquarters?

Good morning, Austin! We have scrolled the internet to bring you the latest in technology news. Here’s what’s happening: Apple bets big on augmented reality to sell its new phones Apple's new iPhone 8, iPhone 8 Plus, and iPhone X smartphones are...

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Open Source

Two tech companies to eliminate nearly 200 Austin-area jobs through layoffs

Nearly 200 Austin-area workers are being laid off as part of job reductions by Oracle America and Novitex Enterprise Solutions. Oracle America, which is a subsidiary of Oracle Corp., is eliminating 108 jobs, according to a WARN letter the company...

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Open Source

Capital Factory launches a $100k diversity investment challenge

Are you a diverse entrepreneur whose startup could use $100,000 in cash? Capital Factory’s new Diversity & Inclusion Challenge might be the ticket.  The competition is looking for startups founded or run by those that are typically underrepresented...

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Open Source

Austin's Newgistics being sold to Pitney Bowes for $475 million

Global technology firm Pitney Bowes has agreed to buy Austin-based logistics company Newgistics for $475 million, the companies said Wednesday. Newgistics, founded in 1999, provides parcel delivery, returns, fulfillment and digital commerce services...

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Open Source

When Harvey hit, Austin’s TurnKey Vacation Rentals headed to Port Aransas

For TurnKey Vacation Rentals, which provides web-based vacation rental management services, Hurricane Harvey hit hard. The Austin-based company is one of the largest property managers on the Texas Gulf Coast, and Harvey’s destruction touched nearly...

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Open Source

Wednesday Tech Crawl: How LinkedIn’s Reid Hoffman is taking on Trump. Plus, it’s lonely being conservative in Silicon Valley.

Good morning, Austin! We have scrolled the internet to bring you the latest in tech news. Today it’s a lot about politics. Here’s what’s happening: LinkedIn co-founder Reid Hoffman is using his billions to take on Trump As Recode puts it: One of...

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