SXSW’s Virtual Comeback, Katana Raised $28.5M, and More ATX Tech News

March 1, 2021
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From fundraises to acquisitions, find out which Austin tech startups made headway toward their goals last week. This is the Built In Austin weekly refresh.

SXSW plans its 2021 comebackAfter last year’s cancelation of the widely anticipated tech and music festival, the conference this year will be returning as a virtual event. In striking a partnership with Brightcove, SXSW plans to stream content via online broadcast. After purchasing a ticket, attendees can tune in via laptops, smart TVs or other devices. [Austin Inno]

Sunroom Rentals got $11MThe real estate company’s platform helps renters find, tour, apply for and move into their new homes, be they apartments or houses. With the Series A funding led by Gigafund, Sunroom plans to expand its Texas presence and hire new talent. Currently, the company has served over 100,000 people across the state. [Built In Austin]

Katana Graph raised $28.5MBy using graph algorithms, Katana works to help businesses understand large quantities of their unstructured data. With the capital from its Series A, Katana will be able to fuel growth and accelerate its product. The startup has seen increased demand for its data management solution and plans to further that momentum moving forward. [Built In Austin]

Austin Tech Quote of the Week

“The Katana platform is a breakthrough solution that integrates data ingestion, querying, and analytics with unprecedented scale and performance to address the data deluge problem for unstructured graph data. We are also excited to back the company given Dell Technologies’ and Katana Graph’s shared roots in the University of Texas–Austin.” —Scott Darling, president of Dell Technologies

FloorFound secured $4MTo prevent oversized return items from being discarded, this startup is working on a circular commerce platform that will allow those items to be resold. It secured seed funding led by investor LiveOak Venture Partners and is looking to further its go-to-market initiatives, product development and hire new team members in engineering and data science positions. [Crunchbase News]

SparkCognition acquired AIM2In acquiring fintech company AIM2 from Brevan Howard and Nomura, SparkCognition will be able to expand its AI capabilities into the financial sector, as well as better meet the needs of its customers. The company will provide AIM2’s financial products in addition to its own suite of AI product offerings. [PR Newswire]

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