Austin tech companies were at it again last week. While some were raising millions in capital to scale their offerings, others were busy preparing to launch their tech locally or expand into the Web3 and blockchain industries. Catch up on the latest with the Built In Austin Weekly Refresh.
Unchained raised $60M. The Austin-based financial services company is geared for long-term Bitcoin holders. It offers users self-custody and mitigates their risks by sharing “private keys” between users, Unchained and other financial services providers. The Series B round will go toward expanding its product offerings and growing its client base. Founded in 2016, Unchained has raised $105.5 million to date, including a $25 million Series A round in June 2021. [Business Wire]
DivInc set to launch blockchain and Web3 accelerator. Local startup accelerator DivInc is expanding its reach beyond early-stage companies led by people of color and women. It will launch an accelerator program for Web3 and blockchain companies led by underrepresented founders. The 12-week program will begin in September and accommodate up to 10 companies. [Axios]
Austin Tech Quote of the Week
“When setting out to build Halcyon, we started with the premise that all cybersecurity solutions are inevitably bypassed. We engineered Halcyon to embrace failure as a core concept of protection. Stopping ransomware requires multiple prevention and detection techniques, all trained extensively on years of actual ransomware attacks.” — Jon Miller, Halcyon CEO and co-founder
Halcyon secured $50M. Halcyon claims to be the world’s first cyber resilience platform. It works with enterprises to conquer and undo extortion and ransomware attacks. Led by SYN Ventures with participation from Dell Technologies Capital, this funding will help Halcyon quickly scale to help more enterprises around the globe. [Business Wire]
Rainwater Tech will bring its tech to the U.S. Rainwater Tech helps intensify rain by using large towers or antennas to create an ion plume. The company said its tech supercharges water cycles and can increase rain by 10 to 20 percent in some areas. Its solutions have been used for the last 10 years in Australia and the Middle East and may soon make its way to the U.S., including Lake Travis, which supplies drinking water for most of Austin. [KXAN]
