These 5 Austin Tech Companies Raised June’s Largest Funding Rounds
Venture capital funding helped Austin tech companies across a variety of sectors last month. The Silicon Hills’ five largest tech funding rounds totaled $245 million in June, which is slightly less than the $258 million raised in May. Read on to find out which companies raised funds and how they plan to use their fresh capital.
#5. $38 million, June 7
L7 Informatics raised $38 million to accelerate product development, expand the reach of its enterprise science platform and build on its customer support, according to the company. L7 Informatics’ life sciences software gives customers an end-to-end platform for healthcare.
#4. $42 million, June 8
LibLab raised a $42 million Series A that will enable the expansion of its core software development kit (SDK) code generator services for engineering teams, according to the company. LibLab’s SDK development tools, with open-source code generator engines, will allow the addition of SDKs in multiple languages for API services.
3. $45 million, June 1
Austin-based WIN Reality raised an additional $45 million in growth equity investment from Spectrum Equity in June. Utilizing the Meta Quest headset, WIN Reality’s virtual reality-based training tool helps baseball batters get in more practice hours. It has a library of nearly two million different pitches from over 7,000 real-life pitchers.
1 (tied). $60 million, June 14
DealHub.io raised $60 million in a round led by Alpha Wave Ventures. According to the company, the funds will be used to accelerate the innovation of its Next-Gen CPQ, expand ecosystem partnerships and drive global expansion. DealHub has seen a fourth consecutive year of 250 percent growth.
#1 (tied), $60 million, June 15
Sana, an Austin-based health benefits startup, raised $60 million in Series B financing in June, bringing its overall fundraising to $107 million. Because it is a vertically integrated company, Sana is able to cut out middle-man costs by brokering and administering plans. Its technology auto-adjudicates claims, creates an intuitive enrollment process to reduce customer support calls and automates back-end services.
