Startups

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...

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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...

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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...

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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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Open Source

Austin cybersecurity startup SpyCloud comes out of stealth mode with new product, $2.5 million investment

An Austin startup founded by two cybersecurity veterans is coming out of stealth mode with a new product and a $2.5 million investment. SpyCloud, founded last August, is unveiling its platform, which detects data breaches for companies and individuals...

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Austin’s High Brew Coffee lands $17 million for expansion of its cold-brew beverages

After Sweet Leaf Tea was acquired by Nestle in 2011, Sweet Leaf co-founder David Smith and his family went on a seven-month Caribbean sailing adventure on their catamaran.  He, his wife, Elizabeth Smith, and two children visited the U.S. Virgin Islands...

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With ProSwingTips app, Austin golf enthusiast wants to connect instructors with amateurs

Derek Levine was only six years old when he was introduced to the family avocation: He got his first set of golf equipment. “My dad bought me a Ben Hogan junior set (of clubs) and an old Ben Hogan golf bag. I used to carry it everywhere,” Levine says...

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Open Source

Austin’s A-List: Chamber singles out 17 stellar startups you should be watching

The Greater  Austin Chamber of Commerce has unveiled its annual A-List, which spotlights 17 local startup companies that the chamber says have breakout potential. This year, 176 companies were nominated, and the winners were announced Thursday night...

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