Arrive Logistics raises more than $10M
Arrive Logistics, the Austin startup behind a tech-driven freight brokerage platform, completed a Series A worth over $10 million. The funding news follows a year of record growth, which included aggressive hiring initiatives and a pace of more than doubling year-over-year revenue between 2017 and 2018. The company will use the uptick in funding to continue fueling its growth strategies. [Built In Austin]
Newchip secures $2M in funding
Newchip raised a $2 million seed round last week. The young company is building a new platform for investors at all levels to invest in startups. JadeValue Fintech, Yeoman’s Capital, Sputnik ATX, Youbi Capital and Polymath led the funding. CEO Ryan Rafols launched the fintech startup in 2016. It recently opened its investment marketplace to blockchain and securitizes tokens and continues to add new investment streams and opportunities monthly. [Press Release]
Skipper announces Austin launch
Skipper, formerly The Waggle Company, launched its second market in Austin last week. The Charlotte-based startup and Techstars Austin alum provides on-demand, customized dog sitting and walking services. Launched in 2016, Skipper plans to expand its services to include mobile grooming in the near future as well. [Press Release]
WP Engine makes first tech acquisition
WP Engine announced that it has acquired StudioPress, a leading theme framework provider for millions of WordPress sites. As part of the deal, WP Engine will invest in the ongoing development of StudioPress’ Genesis Framework, which will be integrated into WP Engine’s Digital Experience Platform. This marks WP Engine’s first technical acquisition. [Press Release]
Oracle’s new Austin accelerator launches
Oracle will continue deepening its Austin footprint with the opening of its first U.S. startup accelerator program called the Oracle Startup Cloud Accelerator. Applications are now open for enterprise-serving startups. The program will begin in September, and those accepted will work out of Capital Factory. [Built In Austin]
Siemens acquires Austin-based Austemper Design Systems
Siemens announced on Friday that it will acquire the Austin-based software maker Austemper Design Systems. CEO and founder Sanjay Pillay launched Austemper Design Systems in 2015. The startup creates auto-correction and simulation technology that provides companies with a safety testing platform for automotive, industrial and aerospace systems. [Press Release]
