Big data startup Nexd lands Austin software industry veteran as its CEO

The year-old company is backed by $750,000 from Austin tech executives.

Posted November 14th, 2016

Austin-based big data startup Nexd has named Austin software industry veteran Larry Warnock as its CEO.

Nexd is developing software aimed at business-to-business sales teams. The platform uses machine learning, artificial intelligence and predictive analytics to help sales reps better understand their customers and close more sales.

The company is currently testing the software with beta customers and plans to begin selling it early next year.

Last month, Nexd closed on $750,000 in seed funding from longtime Austin software executives including Bill Bock, a former leader of Silicon Laboratories and Tivoli Systems; and Kevin Cunningham, president and co-founder of Sailpoint Technologies. ATX Seed Ventures also invested in the funding round.

Warnock brings more than 25 years of software industry experience. He came to Austin in 2001 from Silicon Valley, where he was an executive at Siebel Systems. 

His first position in Austin was partner at AV Labs, Austin Ventures' former startup incubator, followed by stints at Vignette Corp. and Zilliant.

Warnock went on to become CEO of Phurnace, which developed software to simplify the installations of Java applications. Phurnace was acquired by BMC Software in 2010 

Most recently, he was CEO of Austin encryption software developer Gazzang, which was acquired California-based Cloudera for an undisclosed price in 2014.

Warnock said that since the acquisition of Gazzang, "I've met and advised a number of startups, but none caught my eye like Nexd. This represents the intersection of big data analytics, machine learning and customer relationship management, and it's one of the few solutions that delivers value to sales reps as well as sales managers."

Warnock is the company's Nexd's first CEO. Co-founders James Davison and Dan Greff will remain in senior roles.

Six-person Nexd is currently working of the WeWork co-working space in downtown Austin.

The company plans to raise a Series A round of funding in the second half of 2017, Warnock said.