Tech Money

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Austin’s Swivel, which offers alternative to co-working space, raises $4.7M to build out its vision

Finding the right office space can be challenging for fast-growing companies that are too big for co-working but not ready for a traditional lease. Austin software startup Swivel says it has the solution: It helps companies obtain, furnish and occupy...

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IBM beats Wall Street expectations on earnings

ARMONK, N.Y. (AP) — International Business Machines Corp. (IBM) on Wednesday reported second-quarter profit of $2.4 billion.  The Armonk, New York-based company said it had profit of $2.61 per share. Earnings, adjusted for one-time gains and costs...

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Educational tech startup Pi-Top - which wants to make coding fun for kids - lands millions to expand

Educational tech startup Pi-Top has landed $16 million for expansion, including at its U.S. headquarters in Austin. The lead investors in the deal were Hambro Perks and Committed Capital. The investment brings Pi-Top’s total funding to $22.5 million...

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Venture investing in Austin stayed strong in second quarter, new report shows

Thanks to five deals of more than $20 million each, venture capital activity in Austin stayed strong in the second quarter. A total of $306.6 million was raised by 37 companies during the quarter, according to a survey by PricewaterhouseCoopers and...

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Freight brokerage startup Arrive Logistics is cruising with multimillion-dollar infusion

Freight brokerage startup Arrive Logistics is cruising with a new infusion of more $10 million. The Austin-based company received the funding from Lead Edge Capital, a New York-based venture capital firm focused on software, internet and technology-enabled...

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Cruz, Cornyn lead Texas delegation urging Army to pick Austin for high-tech Futures Command

Last week, the U.S. Army confirmed that Austin is one of five finalists to land its high-tech Futures Command center.  This week, Texas’ two U.S. senators are lobbying hard to make Austin the final choice.  Republican Sens. Ted Cruz and John Cornyn...

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Austin logistics software firm Convey lands $10 million to break into new markets

Convey, whose software platform helps online retailers manage shipping logistics, has raised $10 million to break into new markets. The Austin-based company received the funding from Silverton Partners, Techstars  Venture Capital Fund, RPM Ventures...

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Austin holding company BuildGroup raises $330 million to invest in software startups

Austin-based holding company BuildGroup said Tuesday it has raised a $330 million fund to make long-term investments in software companies. Founded in 2015 by Rackspace alums Lanham Napier, Jim Curry and Klee Kleber, along with Pete Freeland from...

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Open Source

Austin’s Eventador.io lands $3.8 million for expansion

Real-time data service startup Eventador.io has landed $3.8 million for expansion. The Austin-based company, which launched in 2016, received the seed funding from LiveOak Venture Partners with participation by Deep Space Ventures, RSH Ventures, Capital...

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Austin blockchain startup SeriesX raises $2 million to build out its platform

Austin startup SeriesX, which is developing a platform built on Ethereum blockchain, has closed on two rounds of funding totaling $2 million. The company, founded in 2017, received the funding from investors including Shasta Ventures, Next Coast Ventures...

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