Mythic raises $40M Series B
Mythic, a startup developing button-sized chips loaded with AI capabilities to turn any device into a smart one, secured a $40 million Series B on Tuesday. The company splits its headquarters between Austin and Redwood City, CA, with the local team developing its hardware solutions. Mythic will use the funding to expand both teams and prepare for a product release scheduled for late 2018. [Built In Austin]
Umuse locks in $5M seed round
Umuse announced on Wednesday the beta launch of its workplace chat application along with the closing of a $5 million seed round. Spiceworks founder and former CEO Scott Abel founded the company, which enables users to scan, zoom, reply to, and search messages across all channels like Gmail and Slack. [Press Release]
Multicoin Capital secures part of $250M fund
Earlier this month, Multicoin Capital announced plans to raise a $250 million flagship fund by the end of the second quarter. This week, the crypto investing firm secured over $30 million of that goal from about 100 investors, according to an SEC filing with the state. Austin serial entrepreneur Kyle Samani co-founded the investment firm alongside fellow NYU alumni Tushar Jain. [FormDs]
Phlur collets $2.5M in funding
According to a filing with the state, Austin-based fragrance startup Phlur raised about $2.5 million in funding from three investors last Friday. The company launched in 2015 and develops eco-friendly accessories, fragrances and candles sold online. [FormDs]
Civitas Learning names new CRO
Bruce Jones joins edtech data analytics company Civitas Learning as the company’s new CRO. Jones previously served as VP of sales at Austin-based Micro Focus. As CRO, Jones will lead the Civitas sales team toward increased revenue. [Press Release]
JASK welcomes former Netflix exec to team
JASK, a cybersecurity startup based out of San Francisco with a growing presence in Austin, will welcome Rob Fry to its local team. Fry joins JASK as the company’s new VP of engineering from Netflix, where he helped lead migration of Netflix’s data center to Amazon Web Services. At Netflix, he also oversaw incident response, threat intelligence, compliance and IP security for 3,800 employees and data security for 100 million subscribers. The company has extensive hiring plans and has projected adding 50 Austin roles in engineering and marketing by the end of 2018. [Press Release]
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