It was a busy week in the DFW tech scene. Companies announced strategic partnerships and acquisitions while others continued raising funds to fuel their growth. Read on to see who is making moves. This is the Built In DFW weekly refresh.
Linear Labs raises $17M Series A. Based in Fort Worth, Linear Labs manufactures high torque electric motors used on light electric vehicles such as single-passenger vehicles or scooters. The motors produce 250-newton meters of peak torque and weigh just 9.7 kilograms. With the new funding, Linear Labs will upscale its manufacturing capabilities and will also bring in new engineering talent to the company. [Business Wire]
MyndVR partners with Omega Healthcare. Providers of VR therapy for senior citizens, MyndVR announced that it partnered with Omega, a healthcare investment trust, to bring its groundbreaking therapy practices to over 1,000 senior care facilities in the U.S. and U.K. Currently, MyndVR provides VR therapy in 45 senior communities with many located in Florida and Texas. The company also serves communities in Canada and Australia. [Built In Dallas]
Worldspark raised $3M for blockchain gaming. Worldspark is one of a bevy of video game studios in the DFW. What sets it apart from others is that it is creating blockchain integrations for its games, specifically its inaugural game Edenbrawl. The studio describes the game as an online multiplayer fantasy in which players will be able to trade in-game items that are linked to NFTs. Edmundo Sanchez, Worldspark’s chief creative officer, said the funds will go towards the development of the game expand the studio’s team. [Built In Dallas]
DataBank acquired CyrusOne Data Centers. In a deal valued at $670 million, Dallas-based DataBank closed the acquisition of four data centers located in Houston. The centers were previously managed by CyrusOne. With the new facilities, DataBank is gaining 300,000 square feet and 42.5 megawatts of power that it can use to offer its customers interconnectivity services. [PR Newswire]
Kanarys partners with HubSpot to improve DEI. Kanarys is a Dallas-based HR startup that provides software to help companies improve workplace diversity. In the partnership, Kanarys will help HubSpot’s customers better track their current state of inclusive policies while also providing feedback on how to improve. The startup will also provide toolkits and guidebooks detailing steps leadership can take to create lasting change. [PR Newswire]