Fintech, AI, student retention: These 5 Austin tech companies raised the most money in July

by Andreas Rekdal
August 1, 2017

 

Eleven Austin tech companies raised a total of $38 million in funding in July. That’s a dip from June’s massive $100 million, which saw three companies haul in more than $70 million combined. But with six companies raising more than $3 million each, this month’s funding should still provide a healthy boost to Austin’s thriving tech ecosystem.

 

5. SourceDay, $3.5M, July 11

Investors: Draper Associates, Silverton Partners and ATX Seed Ventures

Bio: SourceDay develops purchase order management automation software specifically for manufacturing. 

News:  The funding will be used fuel to grow the company's product development and sales teams to meet increasing demand. 

 

 

 

4. TeleStax, $4.7M, July 10

Investors: LiveOak Venture Partners

Bio: TeleStax makes open source software that lets companies build and deploy real-time communication applications. Thanks to its visual designer tools, customers can build their own communication workflows without needing to write any code of their own.

News: The startup will use the funding to grow its operational support team, expand market reach and accelerate its product roadmap. Lead investor LiveOak is a second-time investor in TeleStax.

 

 

 

3. Self Lender, $5M, July 18

Investors: Silverton Partners, Deepspace Ventures, Accion Venture Lab

Bio: Self Lender’s makes tech-driven financial products that help consumers build and maintain a credit score. The company lets consumers take out small loans for the purpose of building credit history. As the user’s credit score rises, Self Lender connects them with new financial products.

News: According to CEO James Garvey, Self Lender will use the funding to expand its 13-person team.

 

 

 

1. Cycorp, $10M, July 21

Investors: Undisclosed

Bio: Founded in 1994, Cycorp makes artificial intelligence software used for natural language processing, data integration, search and information management. The company was founded to commercialize technology developed by the Microelectronics and Computer Technology Corporation, an Austin-based research and development group.

News: Cycorp is currently hiring for engineering and ontologist roles.

 

 

 

1. Continuum Analytics, $10M, July 12

Investors: Undisclosed

Bio: Continuum Analytics builds Python-powered software that helps data scientists work more efficiently. The company’s Anaconda platform has been downloaded more than 13 million times to date.

News: The startup’s previous investors include General Catalyst and BuildGroup.

 

 

Images via social media and Shutterstock.

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