Startups

Open Source

In Austin’s biggest VC deal of 2017, AI startup SparkCognition raises $32M 

In the biggest venture investment in an Austin company so far this year, artificial intelligence startup SparkCognition has raised $32.5 million. Verizon Ventures was the lead investor in the deal, with participation from The Boeing Company, through...

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This Chicago venture capital firm has its eye on Austin, and it's looking for deals.

Chicago Ventures has its eye on Austin. Since its launch in 2012, the Chicago-based venture capital firm has backed five Central Texas startups, and it’s looking for more deals. The firm is currently investing a $66 million fund, and partner Stuart...

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Austin man wins a $100,000 Thiel Fellowship

A twenty-year-old Austin resident named Micah Green, who has started a housecleaning robotics company called Maidbot, has won a coveted $100,000 Thiel Fellowship. The popular fellowship helps young entrepreneurs pursue their passion instead of going...

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Video surveillance firm Eagle Eye Networks breaks into Europe with an acquisition

Since launching its cloud-based video surveillance service five years ago, Eagle Eye Networks has signed thousands of customers, including big names like Facebook, McDonald’s, Holiday Inn Express and Pinkberry. Now the Austin-based company is breaking...

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High-profile backers including Microsoft Ventures and USAA pump $15M into Austin’s CognitiveScale

High-profile backers including USAA, Microsoft Ventures and Intel Capital are pumping $15 million into Austin artificial intelligence startup CognitiveScale. The company, founded by members of the IBM Watson team, received the money from additional...

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Why Germany’s Merck is launching a virtual reality-focused innovation center in Austin

Pharmaceutical and life sciences company Merck KGaA wants to tap into Austin’s virtual reality talent with a new innovation center at Capital Factory. Merck’s Austin hub is developing virtual reality and augmented reality technologies to advance a...

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Austin’s Digital Pharmacist brings in $6.5 million for expansion

Digital Pharmacist, a digital health company that connects pharmacies and patients, has raised $6.5 million to expand its product line and its reach. The Austin-based company received the funding from Activate Venture Partners in New York and Austin...

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Open Source

Austin’s Edgecase snapped up by Toronto-based e-commerce provider

Edgecase, which sells software for online retailers, has been acquired by GroupBy, a Toronto e-commerce and media provider. Under the deal, Austin-based Edgecase will become GroupBy’s U.S. headquarters. The company’s corporate headquarters will remain...

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In their own words: All of Austin’s ride-hail companies make their pitch for your business

And here we finally are. Last year, the ride-hailing companies Uber and Lyft left Austin after a contentious Prop 1 election. In the year that followed, about a half dozen companies emerged to fill that void, including RideAustin, Fasten, Wingz, Fare (no...

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Open Source

Austin online festival hub Everfest brings in $3.6M investment

Online festival hub Everfest has raised $3.6 million to expand its team and invest in product development and marketing. Launched in 2014, Everfest runs an online community that connects festival goers. Its platform is aimed at festival organizers...

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