Living Security Raised $14M, Upswing Got $5M, and More Austin Tech News

April 5, 2021
upswing
photo: upswing / Facebook

A handful of Austin tech startups pulled in funding last week to further their products, and Tesla is bringing new jobs to the city’s tech scene. Read more on the latest. This is the Built In Austin weekly refresh.

Tesla to make hundreds of Austin hiresElectric vehicle producer Tesla is driving forward with the construction of its Texas Gigafactory manufacturing facility. With its completion projected for the end of this year, Tesla is proactively hiring for at least some 300 roles across departments like engineering, design, management and more. Where will the local hiring stop? Elon Musk also tweeted last week that the company will need more than 10,000 employees in Austin through 2022. [Built In Austin]

Upswing raised $5MThe online engagement organization uses technology to provide academic and nonacademic support for college students. It plans on investing its oversubscribed Series A led by Imaginable Futures and JP Morgan Chase in scaling its services as well as its mental-health and wellness module features. [EIN Presswire]

Austin Tech Quote of the Week

“What we’re trying to do is really focus on proven lasting change in behavior for organizations. Unify brings cybersecurity behavioral data that exists within other security platforms into Living Security’s platform to be able to deliver insight and essentially quantify human risk for senior leaders, for the CEO, for the CFO, for board members.” —Ashley Rose, Living Security CEO and co-founder

Living Security got $14MThe cybersecurity startup works to help companies mitigate the risk of security breaches caused by human error. It offers solutions like gamified training and management platforms. Living Security closed on its Series B funding round with plans to grow its platform and launch a new human risk management tool called Unify. [Built In Austin]

Acadeum pulled in $5MWith new funding from investors including Rethink Education and Socratic Ventures, Acadeum is equipped to further develop its marketplace platform for college courses. Its software allows students to access courses from hundreds of post-secondary education institutions across the country. [FinSMEs]

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