Tech startups in Austin pulled in sizable funding rounds last month to fuel new developments across a wide range of industries. From online classes to moon missions, read on to find out what the five companies that raised the most capital are planning to do with it.
#5. $18 million, February 17
Owl Ventures and S3 Ventures led the $18 million Series B round for the startup. The edtech company offers 3D and VR training simulations to electricians, plumbers and other trade workers. Interplay is planning to expand its catalog in both its current industries and into new areas, as well as increase its headcount.
#4. $25 million, February 11
With its platform that uses computer vision and algorithms to help homebuyers put down a cash offer, the proptech platform pulled in a Series A round worth $25 million. The raise, led by investor Next Coast Ventures, was a combination of venture debt and growth equity capital. UpEquity has plans to expand into new markets this year as well as increase its headcount as it works to disrupt the legacy home-buying process.
#3. $28.5 million, February 24
This startup uses graph algorithms to help businesses understand large quantities of their unstructured data. With $28.5 million in Series A funding, Katana will be able to fuel growth and accelerate its product. Enterprises within industries ranging from social networks to pharmaceutical research are raising the demand for Katana’s data analytics platform.
#2. $30 million, February 23
The financial industry is undergoing new digital transformations alongside everything else, and this startup that provides payment processing and banking infrastructure raised Series A funding to keep up with the pace. The $30 million round came from investors including Mastercard and will allow Episode Six to fuel global expansion and better support its clients.
#1. $93.3 million, February 5
With a $93.3 million investment from NASA, the Cedar Park-based aerospace company is planning to help the agency explore the Mare Crisium region of the moon. It plans to send up 10 NASA-sponsored payloads in its Blue Ghost lunar lander. As the vehicle is still under development, Firefly is looking to grow its headcount and is conducting a hiring search for executive talent as well as industry professionals to join its team.
