The new year is upon us and Austin tech companies are making the most of it. Catch up on the latest local acquisitions announced last week or read up on the largest funding rounds of 2022. This is the Built In Austin Weekly Refresh.
Austin tech companies raised billions in 2022. Built In Austin compiled the 10 largest funding rounds of 2022, totaling $2.4 billion in venture capital. Elon Musk’s underground drilling company, The Boring Company, raised the most money in 2022 having secured $675 million in a Series C round co-led by Vy Capital and Sequoia Capital. Read on to see which other Austin companies raised large rounds last year. [Built In Austin]
360training acquired Advanceonline. Austin-based online training platform 360training acquired Houston-based AdvanceOnline. AdvanceOnline is also an online training platform with courses that provide OSHA course completion cards. The terms of the deal were not made publicly available. [360training]
Austin Tech Quote of the Week
“Abrigo has been helping its customers with portfolio risk for the better part of 20 years. The addition of Valuant reinforces our commitment to preparing customers for all types of credit risk and any challenges the economy might bring.” — Abrigo CEO Jay Blandford
Abrigo acquired Valuant. Abrigo provides compliance, credit risk and lending solutions to over 2,300 financial institutions. Last week, the Austin-based company acquired South Carolina-based Valuant, a developer of accounting software for banks and financial institutions. The terms of the deal were not made public. [PR Newswire]
