With several mid-size funding rounds on the Austin tech scene last week, these companies are developing modern solutions for modern problems. Find out what’s in the works. This is the Built In Austin weekly refresh.
Brinqa pulled in $110M. The company offers a cybersecurity solution that tackles risk management for mid-to-large size enterprises. Insight Partners led the startup’s Series A round of funding. Amid increasing demand in the cybersecurity market, Brinqa is furthering its hiring methods to fuel company growth with 11 positions available now. [Built In Austin]
Hyliion is expanding its HQ. Focusing on developing electrified powertrain systems for commercial automotive vehicles, Hyliion is building out the size of its Cedar Park headquarters from 82,800 to just about 124,100 square feet. Plans for all the new space include increasing product production as well as growing its headcount. It aims to grow from 136 employees to 500 with the additional 20,000 square feet of office space. [Built In Austin]
Austin Tech Quote of the Week
“If you look at what’s happened in the market in the last year and a half, and especially with the accelerant of COVID…, from the perspective of digital growth, things just happened really fast. We surpassed what we anticipated happening in terms of demand and awareness of ‘headless’ content management. And we essentially found that we were leaving money on the table by not being able to address the demand fast enough.” — Neha Sampat, CEO and co-founder of Contentstack
Contentstack raised $57.5M. The company’s platform is designed for marketers and developers to manage content across a variety of digital channels, as well as encourage collaboration between each other. With its Insight Partners-led Series B funding, SF-headquartered Contentstack is looking to expand its European presence and hire several new additions to its Austin team. [Built In Austin]
Overhaul got $35M. With the funds from a Series B round led by Macquarie Capital, the supply chain company is planning to fuel its growth, from establishing new partnerships to pursuing hiring initiatives. It’s also launching its risk management app TruckShield with some of the capital. Currently, Overhaul employs about 130 people, and it’s looking to double that number over the next 12 months. [Built In Austin]
Unchained Capital secured $25M. Providing bitcoin investors the option of buying and storing bitcoin in a secure vault, Unchained Capital closed on its Series A round led by NYDIG. The firm also committed to a $100 million addition to the round later on. The raise enables Unchained Capital to upgrade its bitcoin custody solution, create additional financial products and expand its OTC services and lending desks into more states. [Built In Austin]