These 5 Austin Tech Companies Raised More Than $120M in October

November 2, 2020
October funding roundup
Photo: Shutterstock

Last month, the five largest tech funding rounds in Austin grabbed a combined $120.8 million. DISCO took the top spot with a $60 million round. Read on for details of the top fundings in October.

 

#5. $3.8 million, October 29

The insurtech startup allows landlords to purchase insurance policies over the phone, without an agent. The company emerged from stealth on October 29 and plans to invest the funds in developing its business and quadrupling its team.

 

 

#4. $5 million, October 7

The industrial asset management platform helps customers like ExxonMobile standardize and digitize the maintenance processes for large pieces of equipment like oil refinery tanks. The Series A round brings total investment in HUVR to $9 million. The company plans to invest the funds in building technology for its green energy customers, refining its user interface and tripling its team.

 

#3. $12 million, October 15

The edtech startup helps colleges provide for-credit tech programs. Since launching this year, Podium has partnered with more than 20 colleges, and more than 1,000 students have enrolled in its courses. The company currently offers classes in data science and plans to use the funds to offer courses in web development and digital marketing too.

 

#2. $40 million, October 26

Eagle Eye Networks offers an AI-powered video management system that helps businesses and consumers monitor their properties remotely, alerting them of suspicious activity on site. The Series E round brings total investment in Eagle Eye to $95 million.

 

#1. $60 million, October 19

The legaltech startup offers an AI-powered platform that searches documents to identify if they’re relevant to a specific complaint. The latest funding round brings total investment in DISCO to $195 million, giving the Austin company a valuation of $785 million. With the funds, DISCO plans to expand overseas, refine its AI system and potentially acquire other legaltech systems with inlays into contract or corporate law.

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