These 5 Austin Tech Companies Raised $318M+ in February

Find out how the local innovators that secured last month’s largest venture sums are investing the fresh capital.

Written by Ashley Bowden
Published on Mar. 01, 2024
These 5 Austin Tech Companies Raised $318M+ in February
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Photo: Shutterstock

Last month, venture capital investments went to industries across the board in the Lone Star State capital. Companies in sectors including fintech, cloud software and artificial intelligence are flush with fresh funding. Read on to learn how these companies are growing.

Austin’s Largest Tech Funding Rounds, February 2024

  1. NinjaOne
  2. Uhnder
  3. HALO
  4. Closinglock
  5. Perigon

     

    #5. $5 million, February 8

    Perigon uses AI to consolidate information from thousands of data sources across the web. It provides customers with insights to help them fuel new AI applications across industries. Perigon secured a round of seed funding from lead investor LiveOak Ventures to expand its technology and presence.

     

    #4. $12 million, February 8

    Headline led a round of Series A funding for Closinglock, a real estate tech company offering fintech tools and working to protect transactions against fraud. The company’s $12 million will go toward expanding its technology infrastructure and enhancing its ability to streamline and safeguard real estate transactions.

     

    #3. $20 million, February 27

    Offering a bodycam recording and cloud-based asset management solution, HALO announced a Series A capital raise that will help fuel product development. The company serves customers in sectors like healthcare, transportation and law enforcement and will also invest in market expansion, use case development and team growth in the U.S. and Europe.

     

    #2. $50 million, February 21

    Uhnder develops radar sensor technology for applications in the automotive, industrial and defense industries. The company raised $50 million in a Series D round spearheaded by ACME Capital to put toward materially expanding its market presence.

     

    #1. $231.5 million, February 6

    Endpoint management solution NinjaOne pulled in a Series C funding round led by ICONIQ Growth. With a valuation of $1.9 billion, the IT platform plans to invest in fueling customer success, product innovation and overall growth as it continues to scale.

    Methodology: Built In tracked the largest funding rounds of the month using previous reporting, data from Crunchbase and articles from other publications and companies. This list highlights the five largest funding rounds raised in February by tech companies with a headquarters in Austin. We only include venture capital and equity raises and do not include debt or post-IPO funding rounds in this list.

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