AmplifAI Secured $18.5M, Otto Announced App Launch, and More DFW Tech News
From fresh funding to a new blockchain hosting data center, it was a busy week tech in the DFW metro. Catch up with the latest. This is the Built In DFW weekly refresh.
AmplifAI pulled in $18.5M. The Plano-based company makes software that monitors and tracks employee performance and also makes customized courses to improve productivity among workers. AmplifAI has partnerships with large companies like The Home Depot and Samsung, and will use its new funds to make further improvements to AmplifAI’s services. With the recent investment, AmplifAI has now raised over $22.4 million since its founding in 2014. [Built In DFW]
Otto raised $4.5M. The Dallas-based startup is reimagining car-title loans and plans to launch its new app in early 2022. The app will allow users to open a credit line against their car title but will have similar interest rates to a traditional credit card. The company is also planning to partner with financial literacy institutions to offer features that would help users better understand things like credit, budgeting and investing. One of the company’s early investors is an angel investor and Mavericks owner Mark Cuban. [Built In DFW]
DFW Tech Quote of the Week
Core Scientific announced a new data center in Denton. The blockchain hosting company is looking to cash in on Texas’ relatively low energy cost and open a 300-megawatt data center in Denton. The center would be used to provide blockchain hosting for companies needing better data optimization and will also mine cryptocurrencies such as Bitcoin and Ethereum. The Core Scientific facility will also be 100 percent net carbon-neutral through the purchase of energy credits. [Built In DFW]
1to1 Plans launched an immersive construction studio. 1to1 Plans, a side venture of Plutus21 Capital, will soft launch its immersive design studio on Oct. 16. The space is outfitted with mock furniture and walkable displays that will allow builders to walk, tour and inspect their future homes before starting construction. The idea began as a way to help builders save money and avoid construction delays. [Built In DFW]