Last week was a busy one in the Austin tech scene. Several companies and equity firms raised multi-million dollar funding rounds, many of which will be used for hiring new talent. As we begin the third quarter, let’s take a look at last week’s biggest news out of the Austin tech community. This is the Built In Austin Weekly Refresh.
Upland Software raised $115M. The strategic investment was led by HGGC and will help the cloud software developer strengthen the company’s go-to-market capabilities. [Business Wire]
Andes STR raised $25M. The Austin startup uses machine learning technology to identify properties that will outperform the market. Its latest funding round will be used to hire new talent and buy over $25 million worth of single-family homes in Orlando. [Built In Austin]
Austin Tech Quote of the Week
Sumatra raised $1.5M. The Austin startup aims to democratize the use of machine learning by allowing data scientists to build their own streaming data pipelines. The company plans to use the funds to grow its team. [Built In Austin]
Atmosphere launched its entertainment news channel. Atmosphere Entertainment is a new channel from the TV streaming provider that will broadcast news content covering celebrities, movies, fashion and more. [Business Wire]
Multicoin Capital Management raised $430M. The crypto-focused firm plans to make investments from $500,000 to $25 million in early-stage crypto and Web3 companies. [Austin Inno]
