Weekly Refresh: How Austin Stacks Up Nationally for Women-Led Businesses

by Tatum Hunter
October 28, 2019
Austin tech news jobs funding
photo via shutterstock

Shipwell secured $35 million to enhance its logistics platform. Shipwell’s AI-driven platform already offers features such as integration with FedEx and short-distance shipments. With this new funding, it will expand into ocean shipping and add to its teams in Austin and Chicago. [Built In Austin]

Austin ranked sixth in the nation for its number of women-led businesses. Three Texas cities made the list, while startup hubs like Boston, Seattle and Denver did not. Check out which city came in first. [Built In Austin]

Storable opened a new office in North Austin’s Stonelake Office Park with room for hiring. The converted warehouse space has room for Storable’s 100 existing employees, and the company is hiring across all divisions. Some notable office features include an open concept, a quiet room, lots of nearby dining and easy commutes for most employees. Storable was formed when self storage technology providers SpareFoot, SiteLink and storEDGE merged in June. 

Literati raised $12 million to mail books to kids’ doors. Literati is a subscription service for children’s literature. It sends a box of books monthly to subscribers at home, and families can choose to buy the books at Amazon’s listing price or send them back with free postage. The company has grown tenfold in the last 18 months and plans to hire heavily this year. [Built In Austin]

New Knowledge changed its name to Yonder. This company specializes in determining what’s real and what’s fake online so businesses can track the trends and narratives that impact them. The new name reflects employees’ hope for a more truthful internet in the future, the company told AustinInno. It plans to grow to 100 employees by the end of 2019. [AustinInno]

Silicon Laboratories acquired San Jose-based Qulsar’s time precision protocol software and modules. With Qulsar’s tech, which supports precisely synchronized mobile networks and sensor fusion applications, Austin-based Silicon Labs can make advancements in projects like small cells, optical transport, smart grid, automotive and 5G wireless infrastructure. [Press release]

AI company Hypergiant partnered with aerospace and defense company Dynetics to create a better way to collect and interpret space data. As more organizations pursue commercial and defense projects in space, they'll need efficient ways to leverage large amounts of space data. Hypergiant and Dynetics will work together to develop AI-driven operations systems using Amazon Web Services. [Press release]

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