As the summer continues to heat up, venture capital activity in Austin has cooled down. The tech companies that raised the most capital in July brought in a total of $153.5 million — slightly under June’s total of $175 million. Still, these local standouts have big plans for their newly earned millions. Keep reading to learn more.
Largest Austin Tech Funding Rounds, July 2023
- Hypergiant
- Steadily
- Verifiable
- Jirav
- Terminal Industries
#5. $17 million, July 20
Terminal Industries, a company that works to optimize manufacturing plant and distribution warehouse yards for problems like labor and capacity shortages, launched from stealth with $17 million in fresh seed funding. The round was led by 8VC and Prologis Ventures and will go toward expanding Terminal Industries’ operations and business reach.
#4. $20 million, July 11
Cota Capital led the Series B funding round for Jirav, a financial planning and analysis platform that serves finance and accounting teams. Its new funding will help Jirav fuel growth by accelerating product development and innovation. Jirav plans to add capabilities that leverage artificial intelligence, as well as features for capacity building and enhanced reporting.
#3. $27 million, July 10
Offering an API-first solution to companies in the healthcare space, Verifiable aims to help organizations speed up their network operations, save costs and streamline the provider experience. The company is fueling product innovation for its provider network management platform following a round of Series B funding led by Craft Ventures.
#2. $28.5 million, July 5
Steadily provides landlord insurance to individual rental property owners. The startup pulled in a $28. 5 million Series B funding led by Zigg Capital, bringing its total venture funding to $59.5 million. It plans to use the money to add new features to its mobile-first experience, including IoT devices that can prevent property damage from occurring.
#1. $61 million, July 18
Serving enterprise clients in sectors including space, defense and critical infrastructure, Hypergiant develops artificial intelligence-powered decision-making software. The company recently received a $61 million investment from the U.S. Airforce to further the development of a joint operating method that will help the military command and control its courses of action, while maintaining real-time situational awareness.
