Tech Money

Whole Foods executives set to make millions after deal with Amazon closes 

When Amazon.com completes its $13.7 billion purchase of Austin-based Whole Foods Market -- likely before the end of the year, the companies have said - some of the Austin-based organic grocer’s executives  are expected to leave the company.  But if...

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Open Source

Ahead of Amazon deal closing, major shareholder Jana Partners sells entire stake in Whole Foods

Investment firm Jana Partners LLC has sold its entire stake in Austin-based Whole Foods Market just months after purchasing it, a move that is estimated to have netted the firm hundreds of millions of dollars. Jana Partners’ sell-off comes on the...

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Kahoot, edutainment company with Austin ties, gets $10 million in new funding and a Disney Accelerator FastPass

Kahoot, an Oslo, Norway-based learning company with an Austin office and roots here, has landed a $10 million Series A funding round just a week after it was announced the company has been accepted into the three-month Disney Accelerator program....

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Open Source

Austin communications firm Telestax brings in $4.7 million for growth

Austin-based communications company Telestax has landed $4.7 million to fund its next stage of growth. LiveOak Venture Partners of Austin was the lead investor in the deal. Founded in 2011, TeleStax previously raised $1.5 million from investors including...

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Open Source

Austin startup Alegion brings in $3.6 million to ramp up AI initiatives

Alegion, an Austin startup that operates a crowd-sourcing automation platform used by Condé Nast, Charles Schwab and the state of Texas, has raised $3.6 million for expansion. The company received the Series A funding from RHS Investments. Launched...

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Open Source

Q&A sessions reveal some details on game guru Richard Garriott’s new ‘Shroud of the Avatar’

As development of the first full release of his new game, “Shroud of the Avatar” hits the home stretch this year, Portalarium Inc.’s CEO and creative director Richard Garriott de Cayeux is inviting equity investors to help raise another $2 million...

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Open Source

This Chicago venture capital firm has its eye on Austin, and it's looking for deals.

Chicago Ventures has its eye on Austin. Since its launch in 2012, the Chicago-based venture capital firm has backed five Central Texas startups, and it’s looking for more deals. The firm is currently investing a $66 million fund, and partner Stuart...

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Open Source

Video surveillance firm Eagle Eye Networks breaks into Europe with an acquisition

Since launching its cloud-based video surveillance service five years ago, Eagle Eye Networks has signed thousands of customers, including big names like Facebook, McDonald’s, Holiday Inn Express and Pinkberry. Now the Austin-based company is breaking...

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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

Austin digital media firm OwnLocal continues its acquisition roll with another deal

 Austin-based digital advertising OwnLocal is continuing its acquisition roll with another deal. The company said it has purchased Wanderful Media for an undisclosed price. Twelve major media companies -- including Cox Media Group, Gannett Co., Hearst...

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