Tech Roundup: Ortho Kinematics raises $18M, RetailMeNot acquired and more

Kelly Jackson

Ortho Kinematics raises $18.6M Series D

Austin-based Ortho Kinematics announced last week it has raised a $18.6 million Series D round of financing from undisclosed investors. The healthtech company will direct the funding toward the commercialization of their Vertebral Motion Analysis (VMA) product that uses digital technology and radiography to assess spinal instability and alignment.  [Press Release]

 

RetailMeNot acquired for $630M

On Monday, Harland Clarke Holdings Corp. (HCH), an integrated payment solution and marketing service provider, announced it had reached an agreement to acquire Austin-based RetailMeNot. HCH owns Valassis, a print and digital advertising marketing company, and will combine the two companies to reach more consumers. The equity value of the acquisition is estimated at around $630 million. [Press Release]

 

Stoplight raises $1.3M

According to a SEC filing, the Austin startup Stoplight raised a $1.3 million round of financing from 11 investors. The company provides a suite of products to organize and manage the entire pre-production API lifecycle, including design, testing and production for dev teams.  [FormDs]

 

SkylesBayne names new CEO

SkylesBayne, the commercial real estate broker specializing in placing tech companies, announced Michele Skelding as the company's new CEO. Skelding previously served as VP of technology and innovation with the Austin Chamber of Commerce. [Austin Business Journal]

 

Abila sells to Community Brand

Accel-KKR, a technology-focused private equity firm out of California, announced it has completed its sale of its portfolio company Abila to Community Brands. Based in Austin, Abila is a software and services provider supporting nonprofits and government entities. Accell-KKR originally purchased the company in 2013. Terms of the deal were not disclosed. [Press Release]

 

AMD acquires Nitero

AMD announced on Monday it had acquired Austin-based Nitero for its intellectual property and team of engineers. Nitero develops wireless technologies for the VR and AR space. Terms of the deal were not disclosed, but experts in the space believe this is AMD's move toward advancing VR to be completely wireless.  [Forbes]

 

San Diego startup opens Austin office

Soci, a San Diego-based startup offering a social media management platform, has opened an Austin office following an $8.5 million Series A round of funding. The company will fill the Austin office with enterprise sales and marketing roles, while keeping development, customer success and parts of marketing in California. Their Austin team already has a new chief revenue officer, vice president of marketing, and vice president of inside sales. [Xconomy]

 

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