Sustainability is top-of-mind for Austin-based tech innovators, as several companies developing eco-friendly solutions secured sizeable capital raises last month. The top round went to a company developing greener industrial motors. Find out which other companies secured funding last month and which ones are looking to grow their teams.
Top Austin Tech Funding Rounds, November 2023
- Infinitum
- Black Ore
- Talus Renewables
- Virdee
- Handraise
#5. $6.4 million, November 12
Handraise wants to leverage AI to help brands increase the impact of their press coverage. Its platform will use large language models to deliver insights, enabling media professionals to focus on strategy and impact. The company, founded by the former founder and CEO of TrendKite, pulled in $6.4 million to develop its solution.
#4. $12.4 million, November 15
Backed by a round of Series A funding from lead investor Moneta Ventures, Virdee plans to fuel tech innovation for its guest check-in automation solution. Serving the hospitality industry, Virdee connects guests and hotels through digital applications and AI to expedite front desk transactions. The capital will help Virdee add new product features and functionalities as well as grow its workforce.
#3. $22 million, November 2
Renewable energy company Talus developed a commercial, zero-carbon ammonia system that works to make producing and distributing the raw material cheaper and cleaner. The company announced a Series A funding round spearheaded by Material Impact and Xora Innovation to increase the production of its tech.
#2. $60 million, November 7
Operating in the fintech space, Black Ore recently launched from stealth with its AI-powered platform that works to streamline federal and state tax compliance for individual tax forms. The company also announced a $60 million round of funding that it will invest in acquiring new customers, growing its team and developing additional financial services products.
#1. $185 million, November 1
Infinitum, a company that developed a sustainable air-core motor, pulled in a Series E funding round spearheaded by Just Climate. The company’s solution aims to reduce motor energy usage by running at lower speeds. The capital, which brings Infinitum’s total funding to $350 million, will go toward increasing production.
