Weekly Refresh: Facebook’s New Office and UT’s Very Intimidating Supercomputer

by Tatum Hunter
September 9, 2019
Austin tech startup news jobs
photo via shutterstock

Facebook opened a new office in Austin with room for 1,550 employees. The new space takes up floors 14 through 24 of the Third + Shoal building downtown and features 10 outdoor decks, a jam room for musicians and a yoga space. Facebook currently has 1,200 employees in Austin, so the new space has room for more hires. [Built In Austin]

On-demand delivery service Favor appointed Fernando Trueba chief marketing officer. Trueba has a stacked resume that includes eBay, Microsoft, Johnson & Johnson and Red Bull. He also founded the fashion tech company Luv.it. Favor is currently hiring across divisions. [Press release]

University of Texas unveiled Frontera, the world’s fifth-fastest supercomputer. Researchers will use the machine to analyze particle collisions and model climate patterns, among other projects. For reference, it would take a human one billion years to accomplish what Frontera computes in one second. Feeling inadequate? [Austin Business Journal]

Hero Digital named Razorfish veteran Patrick Frend as its first president. The San Francisco-based digital marketing company recently established an Austin presence and acquired Austin B2B marketing firm Bulldog Solutions. Frend has held leadership positions at digital agencies GALE Partners and Razorfish. [Press release]

E-commerce platform provider BigCommerce expanded its headquarters by more than 80 percent. This comes on the heels of a $64 million funding round led by Goldman Sachs last year. [Austin Business Journal]

Fashion tech heavyweight Stitch Fix has snapped up the IP and tech from a fashion startup with Austin roots. Finery, which was co-founded by Austin actor Brooklyn Decker, sold its intellectual property and tech for an undisclosed amount. The startup raised $5 million in venture capital funding in 2018, much of which came from Austin-based Next Coast Ventures. [Austin Business Journal]

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