The first week of the new year was a busy time for Austin tech companies. Read more to find out which startups are making moves. This is the Built In Austin weekly refresh.
The wealthiest man in the world is also a new Austin resident. Having surpassed Amazon’s CEO Jeff Bezos, who is currently worth approximately $184 billion, SpaceX and Tesla CEO Elon Musk now has a net worth of over $185 billion. At the start of 2020, Musk was worth about $27 billion. His new status as the world’s richest person can be attributed to the rising share price of his automotive company. [CNBC]
Allegion acquired Yonomi. Austin-based cloud Yonomi creates IoT cloud platforms and previously developed a smart home ecosystem that can discover and coordinate devices automatically. Users across 150 countries currently employ its tech. With its acquisition of Yonomi, Irish security company Allegion plans to expand its capabilities in software development. [Business Wire]
Austin Tech Quote of the Week
Khoros raised equity funding. The company that develops customer engagement software received an undisclosed amount in funding from investor Vista Equity Partners. The round came alongside the announcement that the company acquired Topbox. With the added CX software, Khoros plans to help businesses more thoroughly analyze customer data so they can provide them with enhanced customer experience. [Built In Austin]
JobSiteCheck got new investors. It’s working to improve the health and productivity of construction site workers, as well as the cost and efficiency of construction projects. Backed by several new investors including Capital Factory and Supply Drop Online Inc., this startup is poised to continue building out its company, hoping to employ up to 15 people by the end of the year in engineering, sales, marketing and customer success. [Austin Business Journal]
Austin tech startups made bank in 2020. Ten companies in the Austin tech space secured a total of $767 million last year. The highest amount went to healthtech startup Everlywell with $175 million to invest in clinical research. Next is Homeward, which raised $105 million toward its real estate platform. Vapor IO was also a top earner with $90 million to fund advancements in edge computing. [Built In Austin]
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