April showers bring — lots of dollars? VC dollars raised in Austin tech more than doubled from March to April. Across nine deals, local startups collectively raised more than $92.6 million, trailing slightly behind January's $150 million-plus. Overall, not too shabby. Listed below are the top five rounds of the month.
5. LeanDNA, $4.5M, April 17
Investors: Next Coast Ventures
Bio: Launched in 2011, LeanDNA supports the manufacturing industry through a SaaS solution providing AI-driven analytics for supply chain challenges. They’ve grown to support over 100 factories spanning industries like automotive, aerospace and consumer goods.
News: The company will use the recent Series A to increase their sales efforts and will be hiring for account executives, customer success representatives, solution consultants, marketers and developers.
4. ClearDATA, $12M, April 13
Investors: Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners
Bio: ClearDATA’s healthtech platform features DevOps automation and security safeguards for medical records and digital storage. Since its inception in 2012, the Austin startup has raised north of $55 million while developing a client base of over 350,000 health care professionals.
News: The funding will be used to expand its customer base and further product innovation.
3. Ziften, $14.7M, April 4
Investors: Spring Mountain Capital, Fayez Sarofim
Bio: Ziften's cybersecurity platform protects enterprise client devices, data centers and cloud deployments from hackers. Their solutions safeguard enterprises, governments and managed security service providers (MSSP).
News: Ziften originally closed this Series C back in July 2015, to expand its global reach and enhance its go-to-market strategy before adding the recent $14.7 million. It is unclear what the company plans to do with the influx of capital.
2. Ortho Kinematics, $18.6M, April 7
Bio: Since its 2009 launch, Ortho Kinematics has raised over $50 million in funding for its spinal treatment solutions using data and spine imaging informatics. Their product, VMA (vertebral motion analysis), allows for surgeons to avoid manual steps like long-film x-rays and geometric constructions for spinal assessments.
News: The healthtech company will use the influx in capital for the commercialization of a VMA product that uses digital technology and radiography to assess spinal instability and alignment.
1. Zilliant, $30M, April 5
Investors: Goldman Sachs
Bio: Zilliant develops predictive pricing optimization and management solutions for businesses to increase consumer purchasing opportunities with every online interaction. Founded in 1998, the company’s platform uses data science and scalable technologies to serve large B2B organizations.
News: The funding will be used toward Zilliant’s growing global initiatives. Just a few months prior, the company also brought on Michel Safi as vice president of Europe, MEA and Asia Pacific to lead the company’s international teams.
Images via featured companies, social media and Shutterstock.