Tech roundup: Hypergiant’s AI fellowship, 3 startups get funding, and more

by Kelly O'Halloran
June 21, 2018
photo via Convey's facebook page.

Convey raises $10M to expand sales, client success and engineering teams

Fresh off the opening of a new downtown headquarters and a recent hiring spree of executives, Austin startup Convey announced it has raised $10 million. The Techstars alumnus will use the funding to enter the B2B space with its supply management solutions and to hire across its sales, engineering and client success teams. [Built In Austin]


photo via shutterstock.

Shelfbucks secures $1.6M in new funding

Following a $9 million Series B this past January, Shelfbucks raised an additional $1.6 million this week, according to a filing with the state. Six undisclosed investors participated in the round. The company, which develops IoT solutions to measure and optimize in-store merchandising campaigns, did not issue a statement. [FormDs]


groupby austin
photo provided by groupby

GroupBy raises Series B funding, plans to double Austin team

Toronto-based GroupBy raised a Series B funding this week that will impact the growth of the e-commerce company’s Austin office. “The funding will allow us to double the size of our operations in Austin,” CEO Roland Gossage said in an e-mail. He also added that the investment, led by PeakSpan Capital, will allow GroupBy to explore several acquisition possibilities. Wednesday’s announcement marks GroupBy’s first institutional funding round. [Press Release]




Hypergiant partners with Station Houston for new AI fellowship

Hypergiant, a new AI Austin startup led by Ben Lamm, John Fremont and Will Womble, shared that it has partnered with tech hub Station Houston to launch a new AI fellowship program. The two organizations hope to grow Houston’s AI ecosystem by leveraging the city’s deep science leadership expertise. The AI fellowship will support entrepreneurs by attracting investors to the area, offering resources to corporations interested in AI implementations and connecting students with career opportunities in AI. [Press Release]


drillinginfo austin
photo provided by drillinginfo.

DrillingInfo acquired by Genstar Capital

Following 10 acquisitions of its own, DrillingInfo has reached a definitive agreement to be acquired by California-based private equity firm Genstar Capital. When the transaction is finalized, Genstar will become the new majority shareholder of the business, making Insight Venture Partners a minority stakeholder. [Press Release]


photo provided by malauzai.

Mobile bank provider Malauzai acquired by London fintech firm

On Monday, Austin-based Malauzai announced that it has been acquired by London-based Finastra. The two companies are no strangers to working together. Finastra began partnering with Malauzai in 2015 by integrating Malauzai’s mobile banking solutions into its core banking platform. While details of the deal were not disclosed, the move supports Finastra’s strategy to grow its presence in the U.S. market. [Press Release]


asure austin
photo via shutterstock.

Austin-based Asure buys HRnext’s source code

Asure, a developer of workplace management and HR solutions, reported last week that is has acquired HRnext’s transfer software source code. Before bringing the software in house, Asure resold HRnext’s application as part of its small to mid-size business platform. The companies did not release details regarding the acquisition. HRnext will continue to operate under its current name. [Press Release]

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