Raised $98M, Cloudflare Expands, and More Austin Tech News

August 16, 2021

A number of industries are experiencing growth, and these companies are poised to follow suit. With their fresh rounds of venture funding, find out what these Austin tech companies are working on. This is the Built In Austin weekly refresh.

Cloudflare expands its Austin footprintOperating in the internet security space, Cloudflare is looking to fill over 170 Austin-based positions across a wide range of teams, like engineering, design and product. It also just signed a lease for a 125,000-square-foot office space to accommodate its growing team. With the addition of these new hires, Cloudflare will employ about 530 people in the Austin area. [Built In Austin] got $98MWith its e-commerce platform, the Houston company with a large Austin presence provides software and digital marketing services for sellers, as well as offers tools for things like payments, customer service, sales and fulfillment to support the growth of online retailers. With its Series B funding led by Oak HC/FT, wants to expand its headcount by 75 across engineering, product, sales and marketing. [Built In Austin]

Austin Tech Quote of the Week

“Government agencies are tasked with creating and enforcing thousands of policies every year, but lack a coordinated operating system to manage their work. Esper serves as a single source of truth for our customers to collaboratively create policy. Rich regulatory data, intimate knowledge of the regulatory process, and reliable workflow infrastructure is what sets us apart from legacy systems and outdated processes.” —Maleka Momand, Esper co-founder

Esper pulled in $8MThe company offers local government agencies a cloud-based platform that helps them create and manage public policies. Esper just closed on a Series A round led by Cota Capital that brings its total venture funding to date to $14 million. With the cash, it’s planning to scale its operations and grow its team with a dozen positions currently listed. [Built In Austin]

Kronologic secured $20MProviding enterprises with a calendar tool that automates workday scheduling and prioritization, Kronologic raised its seed funding round led by Signal Peak Ventures to fuel continued expansion of its operations and business reach. Other participants in this round include Silverton Partners, Next Coast Ventures and Geekdom Fund. [FinSMEs]

Buildforce raised $4MProviding construction firms with a mobile-first platform that helps identify, screen, place, and manage construction professionals, Buildforce just closed on its latest injection of funding led by TDF Ventures. It’s investing in product innovation as well as expanding its go-to-market efforts. [PR Newswire]

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