The Austin tech scene is continually growing busier by the day. Read more about last week’s latest developments. This is the Built in Austin weekly refresh.
Bumble buzzes into the public sector. The dating app made for women to make the first move has grown in popularity over the past year having pulled in approximately $377 million in revenue between last January and September. The company is reportedly targeting an early February IPO underwritten by Goldman Sachs and Morgan Stanley. Bumble plans to list on the Nasdaq under the ticker BMBL. [Crunchbase News]
Bold Commerce got $27M. With its platform-agnostic solution, Bold helps e-commerce brands create transaction opportunities for customers throughout any point in their experience. With plans to expand its solution and create a consolidated marketplace for all its networks, Bold closed on a Series B round led by OMERS Ventures. To date, its total equity funding reaches $44 million. [Built In Austin]
Austin Tech Quote of the Week
Quali pulled in $54M. The company’s platform helps to make cloud infrastructure easy, allowing users to develop, test and deploy applications on any cloud at any time in an accessible and secure way. Quali’s latest funding round was led by investors Greenfield Partners and JVP, and the company plans to put it toward expanding its customer base and fueling new partnerships. [Built In Austin]
Digital Realty relocates to Austin. The digital data company plans to set up shop for its new headquarters near MoPac, a close distance from downtown Austin. It currently employs around 1,300 people, has about 30 data centers across the state of Texas and caters to approximately 4,000 enterprises worldwide. As it follows the trend of companies moving out of the Bay Area, Digital Realty is positioning itself for long-term growth. [CultureMap Austin]
Loop raised $3.25M. The startup is looking to launch its AI-based insurtech platform soon in Texas. Loop is aiming to offer drivers equitable insurance options based on metrics that differ from those of traditional providers. It determines individual pricing based on accident and driver location data. The funding round was led by Freestyle VC. [Austin American-Statesman]
