Since last Thursday, five Austin tech companies have collectively raised a total of $34 million in funding. These recent rounds account for more than half of the total fundings in Austin tech for the month of the June, following an impressive $77 million brought in during May. Take a look at who scored funding.
Dosh, $5M, June 15
Investors: Goodwater Capital, Brett Hurt
What they do: The Dosh app scours the internet for consumer deals, automatically applying cash back to a person’s account after they’ve purchased from participating merchants.
In the news: Dosh’s merchant network contains more than 100,000 participants, and the company continues to add new partnerships daily. With the funding, the company plans to improve user experience and bring on more talent. The app is currently available on iTunes and Google Play and is close to an official public launch.
Remedy, $1.7M, June 15
Investors: 21 undisclosed investors
What they do: Remedy offers on-demand house doctor visits, bringing services and technologies from urgent care centers directly to patients who request visits with Remedy’s medical team through the app.
In the news: Remedy closed $1.7 million of planned $2.4 million. Dr. Jeremy Gabrysch, a former ER doctor here in town, launched Remedy following nearly four years living in Ethiopia and working as Chief Medical Officer for a teaching hospital. He and his team want to make urgent care more accessible and easier for patients.
Ambiq Micro, $23M, June 16
Investors: 33 undisclosed investors
What they do: Founded in 2010, Ambiq Micro designs technology that lowers the amount of power needed to fuel semiconductors. Their ultra-low products can save up to 13 times less power for wearable technology.
In the news: This round marks $23 million closed of a planned $35 million. Since launch, the company has raised almost $50 million.
Plum (Ube), $2.5M, June 20
Investors: 51 undisclosed
What they do: Plum’s Wi-Fi-enabled light pad allows for users to control their lights from their mobile devices and monitor energy usage.
In the news: Ube operates under the name Plum, and has raised about $5.5 million since its 2012 launch. This month’s uptick in funding is amended from a previous $50,000 investment back in late 2015. Within the past year, the company has integrated with IFTTT — which does things like flicker your lights when your Alexa timer sets off — as well as Google Assistant.
GenXComm, $1.5M, June 20
Investors: FAM Capital Partners, UT Horizon Fund
What they do: Founded in 2016 out of the electrical engineering department of the University of Texas at Austin, GenXComm’s platform doubles the usability of existing wireless networks. Their patented technology, called S-SIX, enables talk while listen, strengthens network performance by up to 30 times for dense environments while maintaining full backwards compatibility.
In the news: The company will use the capital to bring on key hires, leverage strategic partnerships and commercialize the technology for various applications and markets.
Images provided by social media and company websites.
Want to get in touch? Let us know with a tip or on Twitter @BuiltInAustin
