FileCloud announces expansion to India; new partnership
Earlier this week, enterprise file-sharing service FileCloud announced a key partnership with India-based BESTIR Software Services. The companies anticipate that the meeting of the minds will change the way Indian companies do businesses by bringing them the speed and security of FileCloud with the local IT support of BESTIR. India’s tech industry is poised for rapid growth, and FileCloud has likely seized a key opportunity in this exciting market. [Press Release]
Banyan has reportedly saved more than 2.6B gallons of water
Just in time for World Water Day (or do you not follow Beyonce's every move?), Banyan Water announced they have saved their enterprise clients a staggering 2.6 billion gallons of water. In 2017 alone, more than 400 leaks were detected and nearly 70 million gallons saved. Banyan, founded in 2011, uses data and analytics to help companies monitor their water use and make more eco-friendly choices. [Business Wire]
Algebraix closes two funding rounds; launches cryptocurrency
Algebraix, a data-driven marketing solution, recently closed two separate funding rounds for a total of $2.4 million. The latest funding appears to be accompanied by the launch of ALX tokens, a new form of cryptocurrency. Recently, Algebraix has incorporated blockchain technology into their product to increase privacy and control of personal data. Get your ALX tokens while they’re hot! [Form Ds]
Leading gas and oil industry data firm scores major funding round
Drillinginfo, a data and analytics solution for the gas and oil industry, recently closed an $8.7 million funding round. It’s been a boom year for the company, who has made key acquisitions, in addition to the unveiling of new products, like their MarketView CurveBuilder tool, announced just earlier this month. [Form Ds]
Oracle unveils shiny, amentiny-filled Austin office with room for 10,000
California-based IT firm Oracle cut the ribbon on it’s truly impressive new Austin office, which has room for 10,000 employees. The 560,000-square-foot space has no shortage of killer amenities including a Starbucks, food truck parlor, full restaurant, fitness center, basketball court and more (if that’s possible). Oracle’s leadership reaffirmed their interest in growing with the Austin tech community, and it’s safe to say Austin tech is happy to have them. [Built In Austin]
This company just raised $16M to make clinical trials more accessible
The development of new medical therapies is a notoriously drawn out process. Elligo, an Austin-based healthtech company, works to connect new treatments with physicians and clinics. The company just raised an impressive $16 million Series B round to expand their already-successful programs. [Business Wire]
Successful entrepreneur scores $7.5M investment in mystery business
A filing on Form Ds indicates that serial entrepreneur Stan Woodward has successfully raised $7.5 million for a company called U-MVP Holdings. While it remains unclear precisely what this mystery company does, Woodward has stood at the helm of several other successful business in the tech sector with an emphasis on sports and retail. [Frisco Fastball]
