Last week, Austin tech companies announced a large funding round and a potential acquisition. Catch up on the $7.6 billion acquisition bid for National Instruments, or read about ThriveCart’s multi-million dollar raise. This is the Built In Austin Refresh.
National Instruments received an acquisition bid. National Instruments is one of Austin’s largest tech employers, and last week, it received a $7.6 billion bid to be acquired by Emerson Electric. The deal proposed purchasing outstanding National Instruments shares at $53 each. National Instruments employs over 2,243 local tech workers. [Built In Austin]
Austin Tech Quote of the Week
“We have an ambitious product roadmap, including a significant release planned for the first half of this year. The investment puts those efforts into overdrive, allowing us to bring new features and technology to our affiliates and customers even faster.” — Kevin McKeand, ThriveCart CEO
ThriveCart raised $35M. Austin-based ThiveCart develops tools for e-commerce businesses that sell digital goods and services to optimize their operations. LTV SaaS Growth Fund provided the new funding, which will be used to create new tools for ThiveCart’s platform and grow its team. [Built In Austin]
CesiumAstro acquired TXMission. CesiumAstro is an Austin-based company that develops communication technology for space and airborne platforms. The company recently acquired TXMission, a United Kingdom-based communications business that was founded in 2018. Terms of the acquisition were not made available to the public. [CesiumAstro]
Hypori secured a $10M Series B. Led by Hale Capital Partners, this Series B round will allow Hypori to expand its zero-trust technology. Hypori’s technology allows its customers to protect its data on any device. The tech company is headquartered in Reston, Virginia, and has a technology hub in Austin. Hypori, which was recently named one of the best places to work in Austin, is hiring for a handful of local positions. Martin M. Hale, Jr., a managing partner at Hale Capital, will join the Hypori board of directors as part of the funding. [Hypori]
