Mavs owner and angel investor Mark Cuban is making moves again in the DFW metro. This week he announced the launch of a pharmaceutical startup that provides a new method to order prescription medicine. The local tech scene was also filled with news of expanded headquarters and new investments, so read on to keep up with the latest tech news. This is the Built In Dallas weekly refresh.
Mark Cuban launched a digital pharmaceutical startup. In November, Built In reported that Cuban would be investing $11 million in a new pharmaceutical venture — the Mark Cuban Cost Plus Drug Company (MCCPDC), now the company has officially launched and is taking online orders. MCCPDC partnered with Truepill to sell common medicine at reduced prices for uninsured individuals. The company is also set to open its facility later this and according to Dallas Innovates could hire up to 80 employees. [Built In DFW]
DataBank expanding to Houston. The Dallas-based data management and security firm announced that it would purchase four data centers in Houston for a combined $670 million. The deal would grow the company’s portfolio to a total of 65 data centers located in the U.S., United Kingdom and France. It will also afford DataBank an additional 300,000 square feet of retail space and 42.5 MW of IT power load according to the company. DataBank also named Amazon’s Joe Minarik as its chief operating officer. [Built In DFW]
DFW Tech Quote of the week:
Xpressdocs moves into larger HQ. The new office and production space will help the company speed up production for its marketing products. The space features over 300 workspaces for corporate staff and several new printing machines. Xpressdocs is an all-in-one marketing firm that creates everything from branded merch to digital ads, in a statement the company stated the move was to keep with expected growth in 2022. [Built In DFW]
LTAS secures government subcontract. LTAS, a subsidiary of COMSovereign Holding Corp., a Dallas-based telecommunications corporation, was awarded an $8.4 million governmental subtract for its Winch Aerostat Small Platform (WASP). WASP is a mobile day and night surveillance system that can record via a drone system at altitudes up to 1,500 feet. There were no additional details provided on how the governmental entity providing the investment will use the technology. [PR Newswire]