Tech Money

Open Source

Will Austin startup make it possible to test self-driving cars without human drivers?

Austin startup monoDrive  wants to make it possible to test self-driving cars without human drivers has launched its first product. MonoDrive says its product -- the Ultra High Fidelity Simulator -- has been deployed on a pilot basis by some of the...

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In race for 5G networks, Austin may be falling behind   

The world’s largest telecommunication companies are racing toward the next generation of wireless communication, dubbed 5G. But in Austin, a metro area usually known for tech innovation, the going is slow.  Although companies such as AT&T have...

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Open Source

Tech industry veterans make $10 million bet on Austin’s Infinite io

A group of tech industry veterans is betting on Austin’s Infinite io with a multimillion dollar investment. Infinite io, which helps companies reduce data storage costs, received $10.3 million to ramp up growth and expand globally. The Series B funding...

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Open Source

Cybersecurity firm New Knowledge raises millions to combat fake news

Cybersecurity startup New Knowledge launched in 2015 to take on fake news and protect clients from disinformation campaigns. Now the Austin-based company has raised $11 million to expand its fight against media manipulation. New Knowledge uses machine...

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Austin’s Consero Global gets $50 million cash infusion, plans to shop for acquisitions

With a new $50 million infusion, financial services software provider Consero Global is ready to buy smaller companies and expand its reach. Austin-based Consero received the funding from Boston-based BV Investment Partners. The company previously...

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Tech accelerator MassChallenge shows off its startups, gives away $500K 

It’s a wrap for 84 startups that spent the past four months participating in MassChallenge Texas’ inaugural Austin class. And thanks to $500,000 in cash prizes awarded on Wednesday night, five Austin-based companies are leaving the accelerator program...

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Open Source

Austin's Bumble launches investment fund for female-founded startups

Bumble, known for its female-friendly dating app, is launching an investment fund to back female-founded and female-led businesses. The Austin-based company said Wednesday that it has invested in five companies so far. “There’s plenty of data that...

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TaskUs, growing in Austin and San Antonio, gets $250 million equity investment

A Santa Monica-based business-services company that has been beefing up its presence in Central Texas on Thursday announced a $250 million equity investment from Blackstone. TaskUs  runs its operations out of Austin because its two co-founders, Bryce...

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Open Source

AMD reports surge in income, revenue during strong second quarter

Advanced Micro Devices lived up to expectations Wednesday, reporting $1.76 billion revenue in its second-quarter earnings report. The chipmaker -- which is headquartered in California but has a large presence in Austin -- reported revenue up 53 percent...

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Open Source

Austin startup ScaleFactor lands $10 million to build out sales, marketing

ScaleFactor, which sells accounting and payroll management software, has landed $10 million to build out its sales and marketing teams. Founded in 2014 by former KPMG accountant Kurt Rathmann, the company sells machine-based financial and bookkeeping...

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