Blockchain cybersecurity startup ALTR raises $15M
ALTR, a four-year-old cybersecurity startup, burst out of stealth mode on Wednesday with a fresh $15 million in funding. The company develops blockchain solutions for enterprise clients to protect data access and security. CEO David Sikora leads its growing local team and said the funding will be used for new products and toward new market expansion. [Built In Austin]
101 Commerce collects $12.7M from investors
A new local startup that invests in and acquires small and medium-sized businesses that sell on Amazon’s marketplace just raised $12.7 million from eight investors, according to a filing with the state. Austin Inno reported that 101 Commerce secured an undisclosed Series A funding that will be used to finance acquisitions and turn the company profitable over the next year. Next Coast Ventures led the Series A, with participation from 3L Capital, HomeAway founder Brian Sharples and RetailMeNot founder Cotter Cunningham. [Austin Inno]
SeriesX secures $2M
Austin startup SeriesX, a blockchain company supporting security token offerings, raised $2 million toward the development of its platform from nine investors. Shasta Ventures, Next Coast Ventures, Capital Factory Fund 5, Yeoman’s Capital, Hampstead Park Capital, Rigel Asset Holdings, Array.VC, 11-11 Ventures and Insiders all participated in the seed round. The team will use the capital to expand its technical team. CEO Dave Hendricks and CTO William Baxter co-founded Series X this year. [Press Release]
Accruent acquires EMS Software
Accruent announced this week that it has acquired Colorado-based EMS Software for an undisclosed amount. EMS provides workplace and campus management solutions. This acquisition adds another tool to Accruent’s expanding portfolio of physical resource management applications that support clients from enterprises, higher ed, healthcare and the public sector. [Press Release]
Datical names new CRO, opens new HQ
Datical, a startup that makes automated database release solutions, recently appointed Hyrum Smith as CRO. Smith, a software sales expert with 20 years of experience, joins the team from OpenText, where he held the title of VP of North America for enterprise sales. In addition to Smith’s hiring, Datical announced it has opened a new, larger corporate headquarters in town, located in North Austin at 9211 Waterford Centre Blvd. [Press Release]
Trust Ventures raises $35M
Trust Ventures, a new local VC firm, secured $35 million for its initial fund to invest in startups across the transportation, energy, finance and insurance healthcare industries, as well as other sectors where legislative barriers block innovation. Led by Salen Churi and Brian Tochman, Trust Ventures launched earlier this year. [Press Release]
Convey makes 4 key hires, opens new HQ
Convey, the startup behind a platform enhancing delivery experiences, made four key hires following a reported 300 percent year-over-year increase in annual run rate. Kirsten Newbold-Knipp has been named CMO, Michael Miller joined Convey as VP of channels and alliances, Kellie O’Malley was appointed director of people operations and experience, and John Lebowitz has been named a senior advisor. With plans to double its employee headcount by the end of 2018, Convey also moved into a new downtown office in the historic Hannig Building. [Press Release]
