From the latest funding announcement to a new executive appointment, catch up on the latest tech news from Silicon Hills. Read up on ProsperOps’ $72 million funding raise or catch up on Kroger’s e-commerce plans. This is the Built In Austin Weekly Refresh.
Favor appointed a new CEO. Austin-based Favor appointed Keith Duncan as its new CEO. Duncan has over two decades of experience in the tech industry and had a previous stint at Favor from 2015 to 2021. Favor is an on-demand delivery platform that H-E-B acquired in 2018. [PR Newswire]
Austin Tech Quote of the Week
“Cloud waste is rampant and holistic optimization requires an automated approach. The scale and complexity of this problem necessitate an algorithmic rather than a human solution. We’ve been profitably growing the business by triple digits, and the backing from our investors enables us to fully pursue the market opportunity. We look forward to expanding our customer reach and cost optimization platform so every business can prosper in the cloud.” — Chris Cochran, CEO of ProsperOps
ProsperOps raised $72M. ProsperOps’ digital platform helps clients lower their Amazon Web Services cloud costs, and last week it raised $72 million in funding. The funding round was led by H.I.G. Growth Partners. With the new capital, the company will expand its engineering and go-to-market teams and integrate other cloud service providers into its platform. [Built In Austin]
Kroger opened a delivery center. Kroger is getting into the e-commerce business, and to provide grocery delivery services in Austin, it opened a local delivery center. The center is located in Northeast Austin and will service both Austin and San Antonio. The facility totals 70,000 square feet. [PR Newswire]
