Last week in the Lone Star State capital, we saw a major tech funding, a new co-HQ and a new partnership. This is the Built In Austin Weekly Refresh.
Q5iD opened a co-HQ in Austin. Q5iD provides enterprises with cybersecurity solutions focused on identity management. The software developer is gearing up for growth and announced the opening of its co-headquarters locations in Austin and Bellevue, Washington. It aims to capitalize on the two cities’ enterprise business tech economies. [PR Web]
Austin Tech Quote of the Week
“During this period of economic uncertainty, e-commerce businesses are struggling to reach their full potential. The global macroeconomic challenges we are experiencing make it difficult for e-commerce business owners to access the resources they need to succeed. 8fig is providing these online sellers with the financial support and tools necessary to thrive in any economic climate.” — Yaron Shapira, co-founder and CEO of 8fig
8fig raised $140M. Equipped with Series B funding from lead investor Koch Disruptive Technologies, fintech platform 8fig will further its work to grow e-commerce SMBs. The platform offers businesses tools for financial management and continuous funding with the goal of helping them achieve sustainable growth. 8fig’s total funding is $195.5 million following its latest round. [Built In Austin]
Nyriad partnered with Carahsoft. Nyriad outfits companies with a data storage system that aims to help them enhance agility and accelerate innovation. The company teamed up with Carahsoft, which provides IT solutions to public sector organizations, to make Nyriad’s storage system available to the public sector through Carahsoft’s reseller network. [Business Wire]
