Startups on the Austin tech scene pulled in venture sums of all sizes last week, and innovations are in the works from healthtech to the home repair industry. Read more for the latest. This is the Built In Austin weekly refresh.
Cognite raised $150M. With fresh capital by way of TCV, the Norwegian digitalization company has reached unicorn status, boasting a $1.6 billion valuation. Cognite is planning to advance its software and further company growth. It’s also hiring for positions based out of its Austin office with roles available in engineering, project management and operations. [Built In Austin]
Workrise raised $300M. Helping connect skilled laborers to companies, Workrise just closed on a Series E funding round led by Baillie Gifford. It’s planning to use the money to expand into new markets, and it’s currently hiring for 70 remote-friendly positions based in Austin across data, analytics, operations, engineering and more. [Built In Austin]
Austin Tech Quote of the Week
Hypergiant announced a new CEO. As the company’s new CEO and president, Mike Betzer is planning to scale up Hypergiant’s tech to serve enterprise customers. Alongside its latest executive hire, the company, which provides an AI-based platform for businesses, is planning to expand into the Austin metro area. [Built In Austin]
Wheel pulled in $50M. Following its largest growth period to date, the healthtech company pulled in a Series B funding round led by Lightspeed Ventures. It’s planning to invest in expanding its network of clinicians as well as their training resources to better serve patients in the telehealth space. The company is also looking to grow its own team across several departments. [Built In Austin]
Hearth got $23M. The company’s SaaS platform enables contract workers to quote home repair services as monthly payments. Hearth just closed on a Series B round led by Human Capital alongside other contributors including The Chainsmokers. It hopes to double its 100-person team by year’s end in departments like engineering, product and data analytics. [Built In Austin]
