Oregon-based digital marketing agency opens Austin office
Logical Position, a digital marketing firm out of Oregon, opened its fourth office location at the Great Hills Corporate Center in Austin on Tuesday. The agency plans to immediately fill 20 full-time positions, expanding to 48 within one year. The company provides pay-per-click marketing, search engine optimization and website design. [Press Release]
Microsoft backs CognitiveScale with $25M funding round
Marking its second round of funding in 60 days, CognitiveScale collected $25 million from Microsoft Ventures in a Series B round to team up on mixed reality initiatives for Microsoft's HoloLens and Azure. In August, CognitiveScale closed a $21.8 million round to expand their global presence and portfolio. [Built In Austin]
Blockchain security developer Factom raised $4.2M Series A
Silicon Labs acquires third IoT company
On Monday, Silicon Labs announced its purchase of Florida-based Micrium Inc, a company that developed a real-time operating system allowing customer electronics and medical devices to connect online. Silicon Labs will absorb the Micrium team of about 30 employees. This acquisition follows Silicon Lab's purchases of IoT developers Telegesis Ltd. and Bluegiga Technologies Oy. [Austin Business Journal]
Austin's economy grew at the second-fastest rate in 2015
The Bureau of Economic Analysis released their 2015 data, showing Austin's metropolitan economy grew by 5 percent, the second fastest rate behind San Antonio's at 5.9 percent in the U.S. Professional and business services led the growth in Austin with 1.57 percentage points. [Bureau of Economic Analysis]
Able co-founder announces his exit following last week's $100M funding
Evan Baehr, co-founder of Able Lending, announced his departure from Able on Tuesday, leaving co-founder and CEO Will Davis to lead the fintech company. Baehr will continue to serve on the board and as an ambassador for the company as he leaves behind his daily operations and responsibilities. [Medium]
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