The Beat

Funding

Who's raising, who's writing the checks, and what the term sheets really say.

Funding3 min read

Fab2 raises $500M to turn chip factories into a product

The Austin semiconductor startup, formerly Atomicsemi, wants to stand up fab capacity in months instead of years, and investors just handed it one of the year's largest Series A rounds to prove it.

Mara WhitfieldSep 10

FundingSep 1

AI and defense tech swallow the week's biggest venture rounds - and Austin keeps showing up

Mara Whitfield

More Funding

FundingMara Whitfield · Jun 26

Medical-device maker Dyme raises a $10M Series A

The Austin company, which builds commercial medical products for healthcare providers, drew a Series A led by Umami Capital.

FundingMara Whitfield · Jun 24

Austin's Ollin Biosciences lands oversubscribed $330M to take eye-disease drug into Phase 3

The clinical-stage Austin biotech says the round will fund global Phase 3 trials of a drug it is positioning against Roche's blockbuster Vabysmo.

FundingMara Whitfield · Jun 22

NinjaOne hits a $12.3B valuation on more than $400M in new funding

The Austin IT-operations software maker stayed founder-led and profitable as it raised secondary capital from Wellington, Sequoia, ICONIQ and others.

FundingMara Whitfield · Jun 22

MaverickX lands $8M, with an oil producer leading the round

The Austin startup's chemistry-based technology aims to squeeze more crude out of existing shale wells, and Chord Energy led the funding.

FundingMara Whitfield · Mar 19

Austin neuromodulation startup raises $25M Series A for non-invasive ultrasound therapy

The company is developing non-invasive ultrasound treatments aimed at immune-mediated diseases.

FundingMara Whitfield · Mar 12

Ontic raises $230M Series C as KKR bets on Austin's connected-security platform

The protective-intelligence company plans to fold AI and automation into its software as corporate physical-security budgets grow.

FundingMara Whitfield · Mar 6

Nominal hits $1B valuation as Founders Fund leads $80M round for its engineering data platform

The Austin company that powers hardware testing for mission-critical programs says it grew revenue sevenfold and tripled its headcount.

FundingMara Whitfield · Mar 5

Founders Fund leads $80 million bet on Austin's Nominal at a $1 billion valuation

The hardware-testing software company became a unicorn on a Series B extension led by Founders Fund.

FundingMara Whitfield · Feb 25

Ownwell raises $50 million Series B to take its property-tax appeals national

The Austin fintech, backed by Alpha Edison and Mercato Partners with Intuit Ventures participating, is expanding a service that helps homeowners challenge overassessed property values.

FundingMara Whitfield · Feb 13

Apptronik's Series A swells past $935 million as humanoid-robot race heats up

A February extension co-led by B Capital and Capital Factory, with Google participating, pushed the Austin robotics company's Series A near $1 billion total.

FundingMara Whitfield · Feb 4

Texas Instruments to buy Austin's Silicon Labs for $7.5 billion

The all-cash deal is TI's largest acquisition since 2011 and would fold an Austin wireless-chip pioneer into the Dallas semiconductor giant.

FundingMara Whitfield · Feb 4

Saronic raises $600 million Series C at $4 billion valuation for autonomous warships

The Austin defense-tech company's round, led by Elad Gil, quadrupled its valuation as it builds an autonomous shipyard called Port Alpha.

FundingMara Whitfield · Feb 2

CesiumAstro closes $470 million to scale satellite communications and a new Austin HQ

The space-comms company combined a $270 million equity Series C led by Trousdale Ventures with $200 million in financing from EXIM and J.P. Morgan.

FundingMara Whitfield · Jan 6

NinjaOne hits $5 billion valuation with $500 million in Series C extensions

The founder-controlled Austin IT-management company raised funding led by ICONIQ Growth and CapitalG to fund autonomous endpoint features and an acquisition.

FundingMara Whitfield · Dec 22

Truemed raises $34 million Series A to route HSA and FSA dollars to lifestyle health

Andreessen Horowitz led the Austin fintech's round as it expands access to tax-advantaged spending for preventive products.

FundingMara Whitfield · Dec 17

Mythic raises $125 million to challenge Nvidia with analog AI chips

The Austin chip company, led by DCVC with Honda and Lockheed Martin participating, capped a turnaround with an oversubscribed round.

FundingMara Whitfield · Dec 2

Curative becomes a unicorn with $150 million Series B for its zero-cost health plan

The Austin health insurer reached a $1.275 billion valuation on a round led by the Upside Vision Fund as it plans a national expansion.

FundingMara Whitfield · Nov 19

Function Health hits $2.5 billion valuation with $298 million Series B

The Austin preventive-health testing company raised an oversubscribed round led by Redpoint Ventures and launched a medical intelligence lab.

FundingMara Whitfield · Oct 8

Base Power closes $1 billion Series C, plans downtown Austin battery factory

The Austin home-battery company raised one of the largest private rounds in city history and is building its first factory on the old Austin American-Statesman printing site.