Austin-based tablet computing manufacturer Motion Computing closed a $6M round of funding from New Enterprise Associates, Institutional Venture Partners, G-51, and other undisclosed investors. The company will use the funds to expand into the healthcare market, and continue overseas growth. The company has trimmed down recently, according to public reports. Definitely a necessary move to win the confidence of venture investors, and to convince them to put more money into the company. Especially in today’s [...]

Today’s guest blogger is Thom Singer, the director of business development for vcfo. He is also the author of several books on the power of business relationships and networking. Read his blog here. 2008 is coming to an abrupt close. This year in business will not soon be forgotten (although many will try). We have seen many ups and downs, and the economy has been rocked on several levels. As people begin to look toward [...]

Social Agency Inc., providers of configurable applications that enable clients to easily extend their brand reach and customer loyalty by building upon existing social networking audiences, today announced its membership with The Austin Technology Incubator, a program of the IC2 Institute and The University of Texas at Austin that accelerates early-stage technology companies. Founded in March 2008, Social Agency, Inc. plans to capitalize on the $1.6B+ spent annually on social networking sites through product and [...]

Intersil Corporation, a world leader in the design and manufacture of high-performance analog semiconductors, today announced that it has signed a definitive agreement to acquire Zilker Labs, Inc., a privately held, fabless semiconductor company with technology leadership in high efficiency digital power integrated circuits. Zilker Labs’ patented Digital-DC(TM) technology is an innovative mixed-signal power conversion and management architecture that combines an efficient digital loop synchronous switching regulator, adaptive MOSFET drivers and a digital control interface [...]

ProspX, a developer of collaboration and automation applications for the commercial insurance industry, today announced that it has secured $6.5 million in Series A funding. The funding round was led by Adams Capital Management and will be used by ProspX to expand development and marketing of its unique multi-party collaboration systems specifically designed to streamline processes for the commercial insurance industry. “The commercial insurance industry is ripe for technology solutions that improve collaboration and the [...]

Motion Computing, a leader in mobile computing and wireless communications, announced today that it has partnered with Goodwill Industries and TechTurn, an industry leader in technology resale, refurbishing and secure data retirement for the Motion Tablet PC recycling and donation program. The program allows for the free return of all Motion-branded products for donation or processing and disposal in an environmentally safe manner. TechTurn processes approximately one million electronic devices yearly and performs thorough data [...]

Website Eventful came out with their 2008 list of the most Eventful cities (defined by the number of events per capita). Austin was previously ranked #17 but dropped to #19 this year. Houston (#13) and Dallas (#7) were both ahead of us for the second year in a row. The top three cities in order were New York, Los Angeles, and San Francisco. You can find the complete list here. Does Austin really have less [...]

A few months back, I received a call from Blair Garrou of DJF Mercury in Houston with an idea. The Rice Alliance venture forum was coming up, and he thought it would be a great idea to put together a panel of the Texas Tech Bloggers.  It was really great to be a part of that, and Blair did a great job of moderating the session. Josh Tabin of StartupHouston is a great guy, whom [...]

BioStable Science & Engineering, a medical device company developing innovative cardiovascular implants, today announced its first round of venture capital funding. The $5.5 million in Series A equity financing was provided by Santé Ventures. BioStable was founded earlier this year by five members of CarboMedics’ senior management team, including former President, Charles Griffin, former VP Research and Development, Rusty Phillips, former VP Engineering, Al Beavan, former VP Quality Assurance, Doug Frank and former Senior Director [...]

SensorTran, the developer of the world’s most advanced distributed temperature sensing (DTS) technologies, today announced a $3.5 million round of venture capital financing, which will be used for working capital and to accelerate the growth of SensorTran’s Smart Grid and wellbore monitoring businesses. Participants in the round included Advantage Capital Partners, Expansion Capital Partners, WHEB Ventures, and Stonehenge Capital Company. SensorTran, the only North American DTS manufacturer, develops distributed asset monitoring solutions that offer real-time, [...]