When one thinks of startup hubs in the USA, you'll normally think of Silicone Valley first- that is understandable, however, this causes a lot of incredible startup ecosystems to receive less attention than they rightly should. The ecosystem in Austin is worth an incredible $1.9 Billion and this is a result of the top startups that currently operate there. Austins startups are also supported by a significant amount of venture capital funding. Some of the most lucrative and startup heavy industries congregate in Austin, making it an ecosystem where startups can truly thrive.
1. Iris Telehealth
Year Founded: 2013
HQ: Austin, USA
Size: 251-500
Founders: Tarik Shaheen
Iris Telehealth is an Austin startup that was founded in 2013 and is currently based in Austin, USA. The company has developed a telepsychiatry service, which it provides on the behalf of numerous community mental health centers, health centers, hospitals, and other healthcare providers in the United States. The large growth seen by the business has been a virtue of the company having a 98% satisfaction rate with its clients.
The company has gone through a single round of investment since it was founded, however, this funding round was significant in scale. In April 2022, two investors backed the company with a total of $40 Million to be used for further growth and scaling of the operations of the company.
2. Season Health
Year Founded: 2019
HQ: Austin, USA
Size: 11-50
Founders: Josh Hix, Joshua Wolff, Mustafa Shabib
Season Health is a startup in Austin that was founded in 2019 and is currently headquartered in the city. The company provides a recommendation platform for food, providing its customers with nutrition and diet planning that is tailored to the needs of their customers. Breakfast, lunch, and dinner are all included and this can help people to reach their health goals much more quickly.
Since being founded, the company has gone through three rounds of startup funding, with the latest taking place in April 2022. These funding rounds have been supported by eight investors. Through the management team's successful pitches, the company has managed to raise a figure of $36.6 Million from these investors.
3. Wander
Year Founded: 2021
HQ: Austin, USA
Size: 1-10
Founders: John Andrew Entwistle
Wander is an Austin startup that was founded in 2021 and is currently based in the Texas city. The business operates a short-term rental business model specifically for luxury smart-home accommodation for work, vacations, and more. Currently, the company has properties in California, Arizona, Oregon, and New York, which is a nice blend of locations, each offering different attractions.
Since being founded, the company has gone through two rounds of startup funding. These funding rounds have been supported by a large group of 52 investors. This highlights the early excitement surrounding the startup's ambitions. From these investors, the company has raised $27.3 Million.
4. Diligent Robotics
Year Founded: 2017
HQ: Austin, USA
Size: 51-100
Founders: Andrea Thomaz, Vivian Chu
Diligent Robotics is a startup in Austin that was founded in 2017 and is still based in the bustling city. The company earns its income through the research and development of artificial intelligence-driven robot assistants. These robots are intended to develop by working alongside humans, consistently learning, and becoming better. The company's first product is a hospital assistant robot providing support for logistical tasks to free up time for healthcare staff.
Since the company was founded, it has gone through six rounds of funding, with the latest coming in April 2022. These funding rounds have been supported by a total of 17 investors and the support of these investors has allowed the company to raise a total of $45.9 Million in startup funding.
5. ICON
Year Founded: 2017
HQ: Austin, USA
Size: 251-500
Founders: Alex LeRoux, Evan Loomis, Jason Ballard
ICON is an Austin startup that was founded in 2017 and is currently based in the city where it was founded. The company operates in the construction technology market and is using a mixture of 3D robotics technology with software and new materials to create the next generation of homes using 3D printing. This is the cutting edge of innovation in the construction sector for residential purposes.
Since being founded, the company has gone through six rounds of startup funding, with the most recent round taking place in February 2022. These funding rounds have led to funding agreements with a total of 32 investors. The combined funds of these investments bring a total raise of $451.5 Million.
6. Tenant Cloud
Year Founded: 2014
HQ: Austin, USA
Size: 11-50
Founders: Joe Edgar, Vitaliy DeFranko
Tenant Cloud is a startup in Austin that was founded in 2014 and is currently headquartered in Austin, USA. The company provides a platform that allows both tenants and landlords to manage their rental agreements, with facilities for paying rent, accounting, maintenance requests, and fulfillment among other features. This makes the process of renting easier all around.
The company has gone through a series of seven funding rounds since it was founded, with the most recent round coming in June 2018. These funding rounds have seen support from a total of two investors and these investors have boosted the business with investments worth $6.6 Million.
7. Cart.com
Year Founded: 2020
HQ: Austin, USA
Size: 251-500
Founders: Jim Jacobsen, Omair Tariq
Cart is an Austin startup that was founded in 2020 and is currently based in the city of Austin in Texas. The business provides an "ecommerce-as-a-service platform", which has been designed to help brands increase the speed of their online growth and profitability through the use of this end-to-end platform.
Since being founded, the company has gone through a total of eight funding rounds, with the latest being completed in March 2022. These funding rounds have seen support from a total of 19 investors. These investments have allowed the company to raise a collective total of $499.8 Million.
8. Localuer
Year Founded: 2013
HQ: Austin, USA
Size: 1-10
Founders: Chase White, Joah Spearman
Localuer is a startup in Austin that was founded in 2013 and is currently based in the city in Texas. The company has facilitated the creation of a global group of experts in their local areas, who provide recommendations to help travelers and tourists to find the best places to eat, drink and have some leisure time. The company has already partnered with household names like Nike.
Since being founded, the company has gone through seven rounds of startup funding. The business has successfully negotiated agreements with four investors from these funding rounds. Overall, this has helped Localuer to raise $5.7 Million in startup funding.
9. Upswing
Year Founded: 2013
HQ: Austin, USA
Size: 51-100
Founders: Alex Pritchett, Chris Webb, Melvin Hines
Upswing is an Austin startup that was founded in 2013 and is still currently based in the Texan city. The company provides a student services solution to education providers that allows for students to get responses and assistance with their concerns much more quickly. This is achieved through the digitization of existing student service processes. This helps these institutions to increase their retention rates.
The business has gone through eight funding rounds since it was founded and has also made two acquisitions. These funding rounds saw deals agreed with a total of 30 investors to support the business. This has resulted in Upswing raising a total of $10 Million.
10. ZenBusiness
Year Founded: 2015
HQ: Austin, USA
Size: 251-500
Founders: JC Glancy, Rafael Lopez, Ross Buhrdorf, Ryan Pitylak, Shanaz Hemmati
ZenBusiness is a startup in Austin that was founded in 2015 and maintains its headquarters in the city in which it was founded. The company focuses on the creation of technology and related services to provide to other businesses, such as Identity Theft Protection, Business Management, and Compliance. Using these, the company helps others to easily form their own businesses and helps them to do so in a legal manner,
The company has gone through seven rounds of funding since it was founded, with these funding rounds leading to successful deals with a series of 21 investors. From these investors, the business has managed to raise a figure of $274.5 Million. ZenBusiness has also completed a successful acquisition.
11. Trend
Year Founded: 2017
HQ: Austin, USA
Size: 1-10
Founders: Ramon Berrios
Trend is an Austin startup that was founded in 2017 and is still headquartered in the city where it was founded. The company makes its money by helping businesses to secure great quality user-generated content and penetration to target markets through the use of social media influencers at scale.
Since the company was founded, it has gone through three rounds of startup funding, with the most recent taking place in July 2021. These funding rounds have seen the company gain investment from seven sources and these investors have allowed the company to raise a figure of $150,000.
12. Data World
Year Founded: 2015
HQ: Austin, USA
Size: 51-100
Founders: Brett Hurt, Bryon Jacob, Jon Loyens, Matt Laessig
Data World is a startup in Austin that was founded in 2015 and is currently based in Austin, Texas. The company has created a cloud-native data catalog platform to assist anyone with getting clear and concise answers to any business question. The company also has a global data community that interacts and assists each other with pressing questions.
Since the company was founded, it has gone through seven rounds of startup funding. The last of these funding rounds took place in April 2022. As it stands, 36 investors have agreed to deals with the company for investment. The end result of these deals is that Data World has managed to secure $132.3 Million in funding.
13. Kazoo
Year Founded: 2013
HQ: Austin, USA
Size: 101-250
Founders: Autumn Manning, Kenny Tomlin
Kazoo is an Austin startup that was founded in 2013 and is currently based in Austin, Texas. The company provides an employee experience platform for organizations so that they can get the best out of their employees and it also allows for the recognition of good performance and overall engagement from employees in one solution.
Since being founded, the company has gone through four rounds of startup funding, with these funding rounds being supported by a total of nine investors. Through the efforts of these investors, the company has managed to raise a figure of $8 Million. The company has also made two acquisitions.
14. Strangeworks
Year Founded: 2018
HQ: Austin, USA
Size: 11-50
Founders: David Cardona, Justin Youens, William Hurley
Strangeworks is an Austin startup that was founded in 2018 and is currently based in the Texan city. The company aims to make quantum computing technology available to everyone by creating a platform where people can learn, teach, create and collaborate on quantum computing projects. This will help the next generation of computer experts with the next stage in computing.
Since the business was founded it has gone through a single round of startup funding, with this funding round being supported by nine investors. These investors have allowed the company to raise a figure of $4 Million.
15. Boom & Bucket
Year Founded: 2021
HQ: Austin, USA
Size: 1-10
Founders: Aaron Kline, Adam Lawrence, Samir Shah
Boom & Bucket is a startup in Austin that was founded in 2021 and is currently based in the city. The company operates an online marketplace where users can get access to an array of heavy equipment. This makes it easier for construction and manufacturing companies to get the gear they need to run their operations.
Since the company was founded, it has gone through two rounds of startup funding. From these funding rounds, the company has secured investment deals with seven investors. The total income from these deals is $5.5 Million.
16. Living Security
Year Founded: 2017
HQ: Austin, USA
Size: 51-100
Founders: Ashley Rose, Drew Rose
Living Security is an Austin startup that was founded in 2017 and is currently still based in the city. The company helps other businesses to prevent cybersecurity breaches by focusing on employees and using human risk factors to improve the overall security of these businesses.
Since being founded, Living Security has gone through four rounds of startup funding, with the most recent round being completed in March 2021. These funding rounds saw deals being agreed with nine investors and the result from these investors was that Living Security managed to raise $20.3 Million in funding.
17. Royal
Year Founded: 2021
HQ: Austin, USA
Size: 11-50
Founders: JD Ross, Justin David Blau
Royal is a startup in Austin that was founded in 2021 and is currently still headquartered in the Texas city. The company has developed an NFT-based music platform, it works by allowing people to come on the platform and pay to take ownership of songs. This helps artists to make more money and allows fans to take a more personal approach to support the artists they love.
Since Royal was founded, it has gone through two rounds of startup funding with the most recent taking place in November 2021. The business has garnered financial backing as a result of successful pitches to 14 investors. The efforts in fundraising have allowed the company to raise a figure of $71 Million.
18. Outdoor Voices
Year Founded: 2013
HQ: Austin, USA
Size: 101-250
Founders: Matt McIntyre, Tyler Haney
Outdoor Voices is an Austin startup that was founded in 2013 and is currently based in Austin, Texas. The company is a lifestyle brand and makes recreational clothing that is both stylish and sustainable for the planet. The ethos of the business is to get people back out there doing the things that they love, whilst looking great.
Since the company was founded, it has gone through eight rounds of startup funding, with the last coming in June 2020. These funding rounds have seen the company agree to deals with 22 investors, which has allowed Outdoor Voices to raise a figure of $64.4 Million to scale its operations.
19. Sigo Seguros
Year Founded: 2018
HQ: Austin, USA
Size: 1-10
Founders: Júlio Erdos, Nestor Solari
Sigo Seguros is a startup in Austin that was founded in 2018 and is currently based in the city. The company provides a mobile-first insurance experience, to make the process of applying for insurance easier. One of the unique aspects of this business is that it specifically seeks to service the Latinx market. This is achieved through getting lower-cost policies through automation and data analysis.
Since the company was founded, it has gone through four rounds of startup funding, with the latest funding round taking place in April 2022. From these funding rounds, the company has secured funding from 17 investors and the total funding achieved has reached a figure of $7 Million.
20. Smarter Sorting
Year Founded: 2015
HQ: Austin, USA
Size: 51-100
Founders: Charlie Vallely, Chris Ripley
Smarter Sorting is an Austin startup that was founded in 2015 and is currently headquartered in Austin, Texas. The company helps a number of global consumer brands to make and move their products in a more effective and efficient way to remain compliant and avoid fines, as well as reduce environmental damages.
Since Smarter Sorting was founded, it has gone through four rounds of startup funding, and the most recent of these rounds were conducted in February 2022. These funding rounds have allowed the business to facilitate deals with five investors for financial support. From these investments, the business has raised $55.2 Million.
21. Slingshot Aerospace
Year Founded: 2016
HQ: Austin, USA
Size: 11-50
Founders: David Godwin, Melanie Stricklan, Thomas Ashman
Slingshot Aerospace is a startup in Austin that was founded in 2016 and is currently based in the city it was founded in. The business earns its money through the creation of AI solutions for signal processing and analytics for use on satellites, aerials, and drones. The company allows for the scaled utilization of global imaging data.
Since Slingshot Aerospace was founded, it has gone through ten rounds of startup funding, with the last round taking place in March 2022. The ten funding rounds have been attended and supported by 23 investors and these investors have allowed the company to raise a figure of $69.7 Million in startup funding.
FAQs
What is the Average Investment in Austin?
The average seed funding round in Austin is worth $640,000 and the average Series A is worth $5.4 Million. Both of these numbers are considerably above the global averages.
What Are The Strongest Markets in Austin?
The main sectors in Austin are business and financial services, aerospace and defense, IT, telecommunications, and manufacturing.
How Many Startups Are There In Austin?
The city of Austin is home to around 5500 startups.
