Tech Money

Open Source

Austin’s TrustRadius brings in $5.5M for expansion

Austin-based TrustRadius, which runs a review platform for business-to-business technology, has raised $5.5 million to ramp up growth. The TrustRadius site, which launched in 2013, lets IT professionals share information in the same way that consumers...

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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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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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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

Why Austin-based Mattr is using blockchain tech for marketing agreements 

Lots of people are aware of Bitcoin, the cryptocurrency used online, but not everyone is aware that the underlying  “blockchain” tech behind it can be used for functions other than money transactions. Mattr, an Austin company that as part of its business...

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Austin logistics startup Convey lands millions to break into new markets

Austin-based Convey, which makes software to help online retailers with shipping logistics, has raised $8.25 million to break into new markets. Convey received the funding from Techstars Venture Capital Fund, RPM Ventures and other investors. The...

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What you need to know as Whole Foods shareholders get set to vote on Amazon deal

It’s an interesting time to be a Whole Foods Market shareholder. While months ago the company was struggling to find a direction for its future, shareholders are now set to vote Wednesday on a $13.7 billion deal that would give Amazon.com ownership...

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Open Source

Amazon to sell bonds to pay for Whole Foods purchase

Amazon.com said Tuesday that it plans to sell $16 billion in bonds to fund “all or a portion” of its pending $13.7 billion acquisition of Austin-based Whole Foods Market.  News of the bond offering comes as Whole Foods shareholders prepared to vote...

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Austin biotech firm Molecular Templates raises $60 million, goes public

Austin-based biotechnology firm Molecular Templates is now a publicly traded company, thanks to a reverse-merger with California-based Threshold Pharmaceuticals. The company now trades under the stock ticker “MTEM” on the Nasdaq stock exchange. It’s...

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With new $30M investment, medical device maker Acessa Health left California to start new chapter in Austin

It’s been a whirlwind few months for medical device maker Acessa Health. In June, the company announced it had acquired a noninvasive treatment for uterine fibroids from a California medical device company. At the same time, the company said it had...

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