Next Coast Ventures closed $130M fund. With their new fund, called NVC II, the Austin-based VC firm now has over $215M under management. [AustinInno]
Pensa Systems raised $10M. The company has created a system of drones that monitor retail shelves and alert employees in real time when items are out of stock. The funds will allow them to expand their offering to more retailers. [Built In Austin]
Juniper Square gained $75M. The company’s tech platform for commercial real estate allows users to manage their investments. The company plans to double the size of its team in Austin in 2020, and the Series C funding will allow the company to do that. [Built In Austin]
REX raised $40M to expand. The company’s core offering is an AI-enabled real estate brokerage. The funding will help REX expand to new markets and grow. [Built In Austin]
OJO Labs announced CPO. Charles Myslinsky will be joining the company, which uses AI tech and industry expertise to act as a personal advisor for complex decision-making. Myslinsky will be leading growth and take charge of the product roadmap. [Globe Newswire]
