Island Secured $115M, Digit7 Launched, and More DFW Tech News

Catch up on the latest developments from the Dallas-Fort Worth tech sector.

Written by Ashley Bowden
Published on Mar. 28, 2022
Island Secured $115M, Digit7 Launched, and More DFW Tech News
Photo: Shutterstock

Dallas-based tech companies pulled through last week with plenty of news including a nine-digit funding round and the launch of new tech platforms. Read on to see what these North Texas companies have been working on. This is the Built In Dallas weekly refresh. 

Island pulled in $115M. Having developed a web browser purpose-built for enterprise companies, Island is furthering its work with its latest funding round. The Series B was led by Insight Partners and brings the unicorn’s total funding to over $200 million. With the capital, Dallas-based Island will be able to accelerate its business momentum and hire across departments including engineering, product, sales and marketing. [Built In Dallas]

AmplifAI raised new capital. The Plano-based company secured a new investment from Breyer Capital as an extension of its previously announced Series A funding round. AmplifAI’s solution uses artificial intelligence to monitor employee performance and provide feedback and suggestions as to how to improve it. The round will go toward helping the com[any further its growing business momentum. [Business Wire]

Dallas Tech Quote of the Week

“The speed of technology evolution in the past decade and particularly in the last two years have made technology the most important differentiator for businesses — every company has to be a technology led company. We aim to enable businesses to get that technology edge with our products.” — Digit7 CEO Chithrai Mani

Digit7 announced its launch. Spun out of digital transformation company InfoVision, Digit7 announced its launch as an independent company. It works to help organizations build out next-gen tech solutions using AI and ML, drone robotics, blockchain, IoT and more. The company operates out of a 15,000-square-foot innovation lab in Richardson and has developed products like a smart self-checkout store and an auto-image annotation platform. [Built In Dallas]

Match Group to launch a new app. Match Group, the Dallas-based developer of popular dating apps, Tinder and OkCupid, announced plans to release a new platform geared specifically toward single parents. Named Stir, the app will also feature a scheduling tool called Stir Time. Its target user base consists of 20 million people across the United States who’ve generally expressed that the most challenging part of dating for them is coordinating schedules. [Axios]

Integrity acquired Western Marketing. Dallas-based Integrity develops tech solutions for things like life and health insurance and wealth management and retirement planning. It announced its acquisition of Western Marketing, an Iowa-based marketing firm. The deal will expand Western Marketing’s access to resources like IT and HR, as well as enable the companies to further their work optimizing insurance and financial processes for consumers. [PR Newswire]

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