Spring has sprung, and Austin tech is wasting no time shaking off the cold and getting back to business as usual. This month, the city raised tens of millions of dollars across a range of industries.
While some tech cities may thrive due to an industry niche or two, Austin once again proves how truly multi-faceted it is, with major rounds going to companies in industries like aerospace, e-commerce, media, information technology and more.
Want to learn more about the five biggest rounds from this past month? Read on.
What they do: HyperSciences uses highly advanced sonic technology to develop breakthroughs in fields like drilling and aerospace. The company has previously received grants from NASA and Shell, and will be performing field tests for the latter company later this month.
Funding details: Earlier this month, HyperSciences announced it had reached its crowdfunding goal, with the closure of a $9.6 million Reg A round on April 4. The company, which operates on a family business mentality, chose to source investors via SeedInvest, and quickly became the most successful campaign on the platform to date.
$10M, April 23
What they do: Born out of successful Austin-based company Chive Media Group, Atmosphere is an entertainment platform specifically designed to provide ambient visuals in otherwise noisy spaces like bars, salons, gyms and more. With a variety of channels and topics, Atmosphere is designed to replace muted televisions and confusing closed captions with programming that fits each establishment’s vibe.
Funding details: On April 23, Atmosphere announced that it had secured $10 million in its Series A funding round. The round was led by Austin’s S3 Ventures, with additional participation from Capstar Capital. The funding will be used to help kickstart distribution of the Atmosphere platform to spaces like bars and gyms across the country.
What they do: KERV’s adtech software lets marketers turn videos into virtual malls, with clickable smart objects that can take viewers directly to e-commerce listings. Its clients include Bloomingdale’s, Maytag and eBay.
Funding details: KERV raised $11 million on April 30 from Vestech Partners, Bessemer Venture Partners, Blume Ventures, Lightpeed, Magma Ventures and Samsung Ventures. April’s round is the startup’s first institutional investment.
$33M, April 29
What they do: A Cloud Guru guides companies into the cloud by offering certification courses and other forms of digital learning on the subject. The company launched in 2015, and its platform has been used to train more than 850,000 people.
Funding details: The company’s most recent funding, a $33 million round announced on April 29, comes courtesy of Summit Partners, AirTree Ventures and Elephant. A Cloud Guru plans to double its team of 45, with new hires focused in finance, sales, marketing and customer success.
$50M, April 16
What they do: Founded in 2015 by Harvard Business School alum Julia Cheek, EverlyWell offers a range of at-home test kits for everything from HPV to Lyme Disease and more. The company allows users to access tests and results in the privacy and comfort of their homes. The company is also gearing up to offer more directed medical advice and prescription options, depending on the outcome of the tests.
Funding details: Everlywell clocked a $50 million Series A funding round on April 16. Leading the funding was Goodwater Capital and Highland Capital Partners — both returning investors — with Next Coast Ventures, NextGen Venture Partners and other, unnamed investors participating in the round. The company plants to use the surge of capital to continue expanding its services in both size and scope.