Tech Roundup: BorrowersFirst collects $100M, Hypori nabs $6M and more

Kelly O'Halloran
January 19, 2017

BorrowersFirst secures $100M to accelerate loan originations

BorrowersFirst, an Austin-based fintech startup that provides consumers loans, closed a $100 million round of debt financing from Waterfall Asset Management on Wednesday. Including the recent round, BorrowersFirst has now secured $400 million in capital to date. Since launch in 2014, the startup has originated about $275 million in unsecured consumer loans. [Press Release]


Hypori raises $6.6M

Hypori, a developer of secure mobility solutions, raised a $6.6 million round of financing on Tuesday. The company did not comment on the recent financing. Founded in 2011, Hypori received a contract in July from the Department of Homeland Security, Science and Technology Directorate to strengthen mobility security on government enterprise systems. [FormDs]


Amazon announces hiring sprees for Austin 

Last week, Amazon CEO Jeff Bezos announced his company's plan to create over 100,000 positions in 18 months throughout the United States. In Austin, Amazon continues to hire for its corporate office, which currently has a team of over 500 employees. The release stated there would be "hundreds" of more openings at the local office. [Press Release]


M87 relocates to Washington following $5M in funding

Formerly Austin-based mobile networking startup M87 has relocated to Bellevue, WA, following its $5 million funding round in November. M87's technology, which turns nearby mobile phones into a network engine for other phones, was developed from research conducted at the University of Texas in Austin by founder Vidur Bhargava and Dr. Sriram Vishwanath. [Geek Wire]


Querium raises $3.2M Series B

Edtech startup Querium closed a $3.2 million round of financing on Wednesday to further develop its AI-based STEM learning platform and add to its marketing and sales operations. Previous investor Wild Basin Investment led the round, with participation from Ingram Content Group, CrossFire Holdings and Sustain VC. [Built In Austin]


Continuum Analytics welcomes new CEO

Continuum Analytics announced that Scott Collison will be the company's new CEO. Collison comes to the team with a background that includes executive roles at VMware and He'll also serve on the board of directors, joining Continuum's former CEO and co-founder Travis Oliphant, who will now serve as chief data scientist overseeing the advancement of the Open Data Science community and managing customer solutions. [Press Release]


PenPal Schools raises $1.25M

PenPal Schools founder Joe Troyen announced on Wednesday that the edtech startup has successfully raised a $1.25 million seed round. Investors include large venture capital firms as well as angel investors from the United States, Mexico, Jordan, Iran and Hong Kong. Troyen said the funding will be used to expand the company's global community, which currently consists of over 100,000 students from 170 countries, and to improve learning opportunities for PenPal students. [PenPal Schools Blog]


Jackrabbit Mobile releases an AR cornhole game

On Monday, mobile app development and design agency Jackrabbit Mobile announced the release of its first ever product. The ARCornhole app, available for free on the App store, lets users create cornhole targets with their cameras, using augmented reality technology to play. [Press Release]


CynergisTek acquired for up to $34.3M

Auxilio, Inc. acquired Austin-based CynergisTek for approximately $26.8 million in combined cash, stock and seller debt, with additional earn outs of up to $7.5 million. CynergisTek provides IT security solutions specifically for healthcare. Auxilio is a California-based developer of document workflow and IT security solutions for healthcare. Following the acquisition, CynergisTek will continue to operate independently. [Press Release]


Tech entrepreneur Joseph Kopser launches consulting firm

Joseph Kopser, co-founder of RideScout and former president of moovel Group, announced the launch of Grayline, a new consulting firm, on Tuesday. Partnering with Bret Boyd, the former vice president at Stratfor, Kopser and Boyd will guide CEOs, government officials and other decision-makers through challenges and changes to their business models. [Austin Business Journal]


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