Startups

Open Source

Tech Crawl: Another ransomware attack spreads, Facebook hits 2 billion users, WeWork’s Austin Creator Awards 

Happy Hump Day, Austin! Here are some of the tech stories we’re following right now: Ransomware is back in a big way It’s been a few week since the WannaCry crisis, but now we’ve got another major international ransomware crisis on our hands called “Petya...

Read More

Open Source

Austin startup Alegion brings in $3.6 million to ramp up AI initiatives

Alegion, an Austin startup that operates a crowd-sourcing automation platform used by Condé Nast, Charles Schwab and the state of Texas, has raised $3.6 million for expansion. The company received the Series A funding from RHS Investments. Launched...

Read More

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...

Read More

Open Source

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...

Read More

Open Source

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...

Read More

Open Source

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...

Read More

Open Source

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...

Read More

Open Source

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...

Read More

Open Source

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...

Read More

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...

Read More