Weekly Refresh: SambaNova Secured $250M, Favor Waives Fees, and More

by Anna Holmquist
March 23, 2020
austin
Photo: Shutterstock

SambaNova Systems secured $250M. The company builds AI acceleration software and hardware. BlackRock led the Series C funding. [The Burn-In]

Everlywell shipping COVID-19 tests to hospitals and healthcare companies. The startup, which provides at-home tests for a wide range of health and wellness purposes, told Fast Company that its current batch of COVID-19 tests will go to “hospitals and healthcare companies with workers on the front lines only.” Following the Food and Drug Administration approval of its tests last week, the company announced that it would ship tests directly to consumers starting Monday. However, on Friday, the FDA issued a clarification that its authorization does not cover testing processes that involve at-home sample collection. [Built In Austin]

Favor waived restaurant commission fees. The on-demand delivery service waived all fees for independent restaurants in Texas. This is in an effort to reduce the impact of COVID-19 on restaurant profits. [AustinInno]

Luminex aiming to improve coronavirus testing. The biotech startup created an Aries System, which can test several different samples at once and provide results in just about two hours. Four different independent clinical labs are deploying the machines. [Built In Austin]

Airtable opened Austin office. Its cloud-based platform lets people collaborate on spreadsheets. It plans to hire 100 people over the next 18 months. [Built In Austin]

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