The Austin tech scene has been making waves with several investments and expansions. Read on to learn how these startups are changing the tech industry. This is the Built In Austin weekly refresh.
UpEquity gained $50M. UpEquity is working to change the housing industry by automating the mortgage writing process, which allows companies to offer competitive rates by cutting extra costs and the ability to make a cash offer. UpEquity plans to hire product managers and developers to close mortgages at a faster rate. [Built In Austin]
Gotransverse landed $25M in private investment. Gotransverse announced it raised $25 million from German private equity investors. The company offers a cloud-based software that allows companies to operate as a subscription business model. The funding will be used to expand globally and increase marketing and sales efforts. [GlobeNewswire]
AUSTIN TECH QUOTE OF THE WEEK
Invicti Security raised $625M. Summit Partners grabbed a major stake in Invicti Securty after leading the company’s $625 million funding round. Invicti is composed of two products, Acunetix and Netsparker, which allow companies to scan its web footprint for any security vulnerabilities. The company expects to increase its 350-person team to 500 employees by the end of 2022. [Built In Austin]
InsiteFlow brought in $2.3M for its tech. The Austin tech company raised $2.3 million for its product that allows health record platforms to use third-party plug-ins. The money will go towards expanding its customer base and technology. [Built In Austin]
Every Health acquired Natalist. Health tech company Every Health acquired Natalist, a women’s health company that focuses on conception and pregnancy offering products such as pregnancy and ovulation tests. Every Health, the parent company of Everlywell, was formed in March when Everlywell acquired PWNHealth and Home Access Health Corporation. Following this latest acquisition, Everly Health will grow into four subsidiaries. [Built In Austin]
These startups could make the next big thing in Austin tech. Austin is buzzing with tech startups and several are hard at work innovating new solutions for a variety of industries. Featured this quarter, here are the tech startups to watch Austin. [Built In Austin]
- Airheart is a travel tech company that allows travelers to use an Explorer tool to see what destinations are accessible and what is required for travel, including Covid-19 protocols.
- Andes STR focuses on fully-furnished short-term rentals and making the units an investable assets. The company has purchased 200 properties in the U.S., Canada and Chile.
- Fundr, founded by the women who founded Black Women Talk Tech, aims to eliminate bias and maximize returns on investment portfolios made by people of color.
- Journey Foods is a cloud-based software company that focuses on making food more sustainable, nutritious and affordable.
- Tend, created to help Mexican-Americans achieve financial freedom, is an all-in-one platform that combines checking, debit and credit accounts with a forum that helps promote financial literacy.
