Last week was a busy one in the Austin tech scene. Several companies and equity firms have raised multi-million dollar funding rounds, many of which will be used to recruit new talent. As we begin the third quarter, let’s take a look at the biggest news from the past week out of the Austin tech community. This is the Built In Austin Weekly Refresh.
Upland Software Raises $115M. The strategic investment was led by HGGC and will help the cloud software developer strengthen the company’s go-to-market capabilities [Business Wire]
Andes STR raises $25M. The Austin startup uses machine learning technology to identify features that will outperform the market. Its latest funding round will be used to hire new talent and buy a $25 million single-family home in Orlando. [Built In Austin]
Austin Tech Quote of the Week
“We’ve seen firsthand how much value real-time ML can create when teams have the tools to iterate and ship quickly. We see organizations struggling to build these capabilities internally as they focus on their core business.” — Greg Kuhlman, Sumatra Co-Founder and CEO
Sumatra raised $1.5 million. Austin startup aims to democratize the use of machine learning by allowing data scientists to build their own streaming data pipelines. The company plans to use the funds to grow its team. [Built In Austin]
Ambion launched its entertainment news channel. Atmosphere Entertainment is a new channel from the TV streaming provider that will air news content covering celebrities, movies, fashion and more. [Business Wire]
Multicoin Capital Management raised $430M. The crypto-focused firm plans to invest $500,000 to $25 million in early-stage crypto and Web3 companies. [Austin Inno]