These 5 Austin Tech Companies Raised March’s Top Rounds

Learn how the companies that secured last month’s largest venture funding sums are investing their fresh capital.

Written by Ashley Bowden
Published on Apr. 01, 2024
These 5 Austin Tech Companies Raised March’s Top Rounds
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Photo: Shutterstock

Industries spanning foodtech, cybersecurity, AI and more all saw fresh funding in Austin last month. Investors led small and medium-sized venture rounds in the Lone Star State’s capital throughout March. Learn how the city’s tech scene is growing.

Largest Austin Tech Funding Rounds, March 2024

  1. Serenity Kids
  2. Sevco
  3. BrainCheck
  4. Tiny Health
  5. RapidCanvas

 

#5. $7.5 million, March 13

Working to help businesses build AI solutions faster, RapidCanvas launched from stealth with a round of seed funding led by Accel. The company provides an automated interface that helps businesses turn their raw data into actionable predictions. Its goal is to make the application of AI more approachable for everyday business tasks.

 

#4. $8.5 million, March 5

Working to prevent chronic conditions like asthma, diabetes and autoimmune diseases in children, Tiny Health offers an infant gut health test to detect microbiome imbalances early on. The company raised $8.5 million in a funding round led by Spero Ventures to expand its health test offerings into more areas.

 

#3. $15 million, March 7

Healthtech company BrainCheck offers digital cognitive assessment technology. Its solution works to identify cognitive impairments in patients. BrainCheck raised $15 million in its latest financing round led by Next Coast Ventures. The capital will help fuel commercial growth, product development and enhance the company’s clinical evidence base.

 

#2. $17 million, March 21

Cybersecurity company Sevco announced $17 million in recent funding led by SYN Ventures. The company offers a cloud-native cyber asset attack surface management platform that autonomously identifies and closes security gaps while helping companies improve their incident response. Its latest funding will help Sevco fuel its existing momentum and brings the company’s total capital to $38 million.

 

#1. $52 million, March 11

Foodtech company Serenity Kids offers shelf-stable, nutrient-rich baby food pouches. The company pulled in $52 million in a minority investment from Stride Consumer Partners. Currently available in 18,000 stores, including Whole Foods Market, Walmart, Target, Publix and other retailers, the capital will help Serenity Kids fuel marketing, talent acquisition and product innovation.

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 March 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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