One of the biggest mistakes startups make when looking to lease office space is not being financially prepared. Just like a bank, Landlords want to be reassured that you qualify financially before leasing you office space, especially in hot markets like Austin, Tx. Gathering this info and positioning your company to look financially strong takes more time than you think so make sure you do this well in advance of beginning the office space search process. By doing this you will not only gain the Landlord’s confidence but you will also increase your chances of getting office lease concessions (tenant improvements, rent abatements, etc.)
Experiment Engine, an Austin-based SaaS start-up, proudly announces the close of a $1 million seed round. Founder Collective, based in NY and Boston, joined the seed stage round with other notable support from Texas-based Mercury Fund. Two former E&Y Entrepreneur of the Year award recipients also participated: Dan Graham, CEO of BuildASign, and Rony Kahan, Co-founder of Indeed.com.
Infocyte, Inc., a San Antonio-based cyber security startup, has secured $500k in additional seed funding to accelerate development of its’ assessment platform, Pulse. Led by Austin-based LiveOak Venture Partners, the funding will be used to expand Infocyte’s development team ahead of their planned 1st Quarter 2015 product launch.
There has been a new technological advancement for PHP developers and the developer community as a whole. For the very first time PHP and HHVM (HipHop Virtual Machine), an open-source project created by Facebook, can now run side-by-side on the same server, vastly increasing speed, performance and stability for websites in production environments. By doing so, modern websites and applications with dynamic content built on HHVM can see an average response time increase of 560%.
When you feel the chill in the air, you know the end of the year is approaching. We are kicking off the holiday party season with our December 4th happy hour at The Dogwood. Come celebrate a fantastic year for the Austin technology community with a frosty beverage and some great networking.
Austin continues to make “Top 10″ lists for everything, and break new records. Here’s one for you from the legandary DEMO conference in San Jose this week. A record-breaking six Austin companies launched at DEMO this week, and three of the six are being incubated at Capital Factory with one being an ATI graduate.
Bigcommerce Raises $50 Million in Growth Equity; Investors Include SoftBank Capital and Telstra Corporation
Bigcommerce, the ecommerce platform of choice for fast-growing brands, today announced it has raised $50 million in Series D funding. The company will use the funds to invest in product development, aggressively grow sales and marketing, and expand its business to new markets. The financing was led by SoftBank Capital, a venture firm affiliated with SoftBank Corp., and included Telstra Ventures and American Express, as well as existing investors General Catalyst and Revolution Growth. Steve Murray, a partner at SoftBank Capital, will join the Bigcommerce board.
Tempo Semiconductor Launches with Focus on Low Power, High Fidelity, Mixed Signal Audio Semiconductor Solutions
On December 20, 2013, Tempo Semiconductor acquired the assets of IDT’s Audio Business Unit, along with a highly skilled engineering and technical support organization committed to providing innovative solutions. Tempo is reigniting the value of these audio products, delivering new ultra low power, high fidelity, mixed signal semiconductor solutions to the handheld and portable devices market, as well as continuing audio support for PCs.
Rivet Works, Inc., a technology company that inspires consumers with user-generated content (UGC) solutions, today announced its launch as the first content marketing solution that promotes active engagement between people and their favorite brands. Rivet’s cloud-based platform captures the experience of the consumer by individualizing user-generated content marketing programs to produce thought-provoking and experiential content. With easy integration and implementation across both mobile and web channels, Rivet drives customer engagement, promotes brand awareness, enhances brand loyalty, and increases conversion rates.
Austin-based Ambiq Micro, a leader in ultra-low power integrated circuits for power-sensitive applications, today announced that is has closed a $15 million Series C funding round to accelerate the development and marketing of its SPOT™ (Subthreshold Power Optimized Technology) platform. The funding round was led by Kleiner Perkins Caufield & Byers (KPCB) and was supported by existing investors including Austin Ventures, Mercury Fund, and ARM Holdings. KPCB partner Wen Hsieh will be joining Ambiq Micro’s board.