DealHub Raised $60M, Knit Pulled in Seed Funding, and More Austin Tech News

Catch up on the Austin tech news you may have missed last week with the Built In Austin Weekly Refresh.

Written by Jeff Rumage
Published on Jun. 20, 2022
DealHub Raised $60M, Knit Pulled in Seed Funding, and More Austin Tech News
Photo: DealHub/LinkedIn
Photo: DealHub / LinkedIn

The first day of summer is almost here, and Austin’s tech scene is almost as hot as the triple-digit temps outside. Local startups of all sizes raked in capital to grow their teams last week. Keep reading to catch up on what you might have missed. This is the Built In Austin Weekly Refresh.

Sana pulled in $60MSana provides small and medium-sized businesses with health insurance plans that are 20 percent cheaper on average. Since it was founded in 2017, the Austin-based startup has grown its market coverage to eight states, its headcount to 170 employees and its total venture funding to $107 million. The Series B round will be used to expand its market reach and its customer success team. [Built In Austin]

The WRST NFT Gallery opened. Matt and Deanna Wursta unveiled the 3,500-square-foot NFT gallery as part of their new WRST Collabs project, which strives to push Web3 innovation through collaboration with other NFT thought leaders in the area. The gallery is located next to Wursta, Matt Wursta’s cloud transformation consultancy at 1021 E. 7th St. [Built In Austin]

DealHub secured $60M. DealHub is the developer of a configure, price and quote (CPQ) platform that helps sales teams quickly generate accurate price quotes, among other functions. DealHub was founded in Israel, where the bulk of its employees are based, but claims Austin as its headquarters. This fresh capital brings the company’s total funding to $90 million and will be used to innovate the platform, expand ecosystem partnerships and drive global expansion. A company representative told Built In that DealHub is prioritizing the hire of customer success and sales professionals in Austin. [Business Wire]

austin tech quote of the week

“To turn the financial challenges they faced into an opportunity to serve millions of people who are in a similar position is not only an honor, it’s a responsibility.” — Felix Ortiz III, co-founder and CEO of Onuu

Onuu was featured in the Built In Future 5 series. Austin entrepreneurs Felix Ortiz III and Ryan Wuerch are poised to launch an app that uses machine learning to offer personalized life insurance and banking products and to underwrite lines of credit and insurance products for underserved communities. The app, which has more than 100,000 people on its waitlist, is slated to launch this summer. [Built In Austin]

Knit raised $3.55M. Knit’s platform allows brands to upload custom research questions, which Knit then sends out to hundreds of Gen Z consumers who share their opinion in short “selfie” videos. Knit’s video analysis AI allows brands to analyze hours of video feedback in a matter of minutes. Knit has more than 30 enterprise customers, including NASCAR, the WNBA and Moët Hennessey. [Business Wire]

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