Tech Money

Open Source

Hong Kong-based Leyou Technologies buys $10 million stake in Austin’s Certain Affinity game studio

Austin indie video game studio Certain Affinity  -- the company behind a successful reboot of  “DOOM” and a player on the “Halo” and “Call of Duty” franchises -- said Monday that it has landed a new investor. Hong Kong-based Leyou Technologies Holdings...

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Austin venture capital investing falls in third quarter, but internet activity stays strong

Venture capital investing in Austin companies fell in the third quarter, but activity in the internet sector remained strong. A total of $151 million was raised by 20 companies during the quarter, according to a survey by PricewaterhouseCoopers and...

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Open Source

Austin software maker AlertMedia lands $8 million to continue growth

Mass communication software maker AlertMedia has landed $8 million to launch a new wave of growth. Founded in 2013, the Austin-based company lets customers deliver mass notifications by phone, text, social media and mobile apps to any type of device...

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Open Source

After turning down VC for decades, here’s why Baxter Planning just raised $25M

Since its founding in 1993, Baxter Planning Systems has grown into a leading maker of supply chain software without raising any outside money. Now the Austin-based company is ready for a new wave of growth and has landed $25 million to fuel it. Polaris...

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Study: Tech workers’ salaries go further in Austin than most tech hubs

The cost of living in Austin might be going up, but local tech workers still see their salaries go further in Central Texas than they would in most of the nation’s other tech hubs, according to a study released Wednesday by job search site Indeed...

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Open Source

Austin's Elsewhere Partners plans to invest in software startups outside traditional VC hubs

Two years ago, venture capitalist Chris Pacitti founded AVX Partners to invest in software companies that have released products and signed customers, but need outside investment to accelerate their growth. Rather than raising a venture fund, AVX...

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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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Open Source

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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Open Source

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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Open Source

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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