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News releases from Austin Business Journal
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What's next for cancer-fighting biotech Shattuck Labs after raising $232M in IPO
November 03, 2020
Biotech companies are rushing to the public markets. At the same time Austin-based Shattuck Labs went public, two similar companies were holding IPOs around the country. Investors seem to be keen on...
Tags
Banking & Financial Services
Cameron Brown
Insurance
From
Business Journals
Five Guys sells 27 locations across Texas to largest franchisee
November 02, 2020
Encore Restaurants now owns 49 Five Guys locations in Texas and 109 nationwide.
Tags
Matt Reid
Retailing & Restaurants
Dale Doerhoff
From
Business Journals
The top venture capital funding rounds for Austin tech startups in October 2020
November 02, 2020
A review of the top venture capital funding rounds for Austin tech startups in October 2020.
Tickers
INNO
Tags
Banking & Financial Services
Inno
Technology
From
Business Journals
Snap Kitchen closing 14 stores across Texas
October 31, 2020
The healthy prepared meals company is closing the majority of its stores in the state. It's unknown how many jobs will be affected, but the retail closures follow a years-long shift in emphasis away...
Tags
Food & Lifestyle
Retailing & Restaurants
Retailing
From
Business Journals
Workforce Solutions Capital Area launches rapid retraining program with city, county backing
October 30, 2020
Workforce Solutions Capital Area has launched a free, rapid retraining program for 260 Austinites displaced by the Covid-19 pandemic.
Tags
Elon Musk
Government & Regulations
Human Resources
From
Business Journals
National Instruments to cut 9% of worldwide staff; Covid takes part of blame at Austin-based tech giant
October 30, 2020
With 2020 revenue down about 9% from the prior year, NI is cutting a chunk of its global workforce. The Austin-based company recently went through a major rebranding.
Tags
Technology
Eric Starkloff
From
Business Journals
UT study finds construction workers more likely to be hospitalized with Covid-19
October 30, 2020
The University of Texas study found that construction workers in the Austin area were more than five times more likely to be hospitalized with the coronavirus, compared with workers in other...
Tags
Insurance
Commercial Real Estate
Residential Real Estate
From
Business Journals
Health-tech startup Remedy lays off 82 employees
October 29, 2020
An executive at the Austin startup, which raised $10 million in 2019, explained that many of the jobs cut were people added to help with increased demand during the pandemic.
Tickers
INNO
Tags
Insurance
Inno
Jeremy Gabrysch
From
Business Journals
Facebook CEO Mark Zuckerberg says 'Happy Thanksgiving' to employees, gives them that week off
October 29, 2020
Forget just one or maybe two days off. Facebook CEO Mark Zuckerberg is giving all its U.S. employees the full Thanksgiving week off.
Tags
Career & Workplace
Facebook Inc/
Mark Zuckerberg
From
Business Journals
Austin startup Slingshot Aerospace raises $8M to analyze data from satellites, drones and jets
October 29, 2020
The company uses advanced analytics, aerial imagery and partnerships with government agencies, including the U.S. Air Force and NASA, to visualize complex data and provide real-time locational...
Tickers
INNO
Tags
Technology
Inno
From
Business Journals
Surveillance startup Eagle Eye Networks raises $40M from Accel to expand AI applications
October 28, 2020
Eagle Eye Networks has raised a $40 million Series E round from Palo Alto-based VC firm Accel to accelerate its product development and hire about 100 new employees in engineering, sales, marketing and...
Tickers
INNO
Tags
Inno
Technology
From
Business Journals
Travis County bars still cannot reopen, county judge says
October 28, 2020
"Unfortunately, we have not seen significant improvement in our hospital bed utilization or in the utilization of ICU beds," Travis County Judge Sam Biscoe said in announcing that bars cannot yet...
Tags
Commercial Real Estate
Government & Regulations
Food & Lifestyle
From
Business Journals
Amazon aims to hire more than 1,200 in Austin area for seasonal positions
October 28, 2020
The initiative is part of a larger push to bring on about 100,000 people in the United States and Canada.
Tags
Logistics & Transportation
Transportation
Technology
From
Business Journals
More bike lanes, sidewalks coming to high-traffic Austin streets as part of 2016 mobility bond
October 27, 2020
It's "a critical milestone" toward construction for improvements to the major arterial roads of Lamar Boulevard and Burnet Road, a city worker said.
Tags
Transportation
Local Transit
Government & Regulations
From
Business Journals
2020 AUSTIN INNO ON FIRE
October 27, 2020
So, what exactly makes a company or individual on fire? Inno recognizes people and companies that have had a banner year – often based on new funding, recent product launches, big hires, and of course,...
Tickers
INNO
Tags
Inno
Technology
From
Business Journals
Fast 50: Helping small companies navigate social media has earned Planoly breakneck growth
October 26, 2020
Instagram can make or break a business. Austin startup Planoly wants to help other businesses navigate those sometimes turbulent waters. What started out as a side project now has dozens of employees...
Tags
Brandy Pham
Andy Hoang
Media & Marketing
From
Business Journals
Shiner Bock brewer fires ad agency as fallout continues over racist remarks
October 23, 2020
Since The Richards Group founder made racist comments during a client meeting, companies have been dropping the advertising firm left and right.
Tags
Manufacturing
Media & Marketing
Advertising & Public Relations
From
Business Journals
Giving back to community during pandemic provides myriad benefits, business leaders say
October 23, 2020
Hear some inspiring stories from companies leading the way during the coronavirus pandemic, from CEO of a restaurant chain feeding service workers out of jobs to companies supporting nonprofits.
Tags
Min Choe
Lloyd Armbrust
Dan Graham
From
Business Journals
SubjectWell finds funding via Geekdom
October 23, 2020
Geekdom Fund continues to raise funds for its third pooled investment fund, while also raising sidecar investments for startups. This time, an Austin venture is the beneficiary.
Tags
Startups
Technology
Joel Lucas
From
Business Journals
Report: Austin among top emerging life science cities in US
October 22, 2020
Austin has been the beneficiary of a resilient life science sector, according to a new report from CBRE. The report bolsters recent funding trends surrounding Austin's burgeoning life science sector,...
Tags
Pharmaceuticals
John Simard
Insurance
From
Business Journals
Austin security companies team up to monitor the dark web for stolen election and political data
October 22, 2020
SpyCloud continuously monitors the dark web for stolen credentials across the election landscape, including election staff, county officials and third-party suppliers who could be targeted because of...
Tickers
INNO
Tags
Technology
Inno
Government & Regulations
From
Business Journals
Viewpoint: Prop A would yield a traffic-fighting transit network for Austin
October 22, 2020
In this op-ed, community members argue for Prop A, which would fund Capital Metro's expansion of its transit network to add more rail lines in Austin.
Tags
Local Transit
Logistics & Transportation
Transportation
From
Business Journals
Another electric vehicle company, Volcon, launches in Austin with $6,000 dirt bikes
October 22, 2020
This business sees Austin becoming "the electric vehicle capital of the world." Between companies such as Tesla, Ayo and Hyliion, that doesn't seem like an unreasonable claim. Click through for the...
Tickers
INNO
Tags
Bruce Riggs
Technology
Andrew Leisner
From
Business Journals
Workforce retraining for a few hundred Austinites may be in the pipeline
October 21, 2020
Austin City Council will consider authorizing an agreement to create a workforce retraining program through Austin Community College for those displaced amid the Covid-19 pandemic.
Tags
Career & Workplace
Government & Regulations
Coronavirus
From
Business Journals
RVshare lands $100M as road tripping booms
October 21, 2020
While it has recently been booming, RVshare was all but shutdown in March as the pandemic set in.
Tickers
INNO
Tags
Inno
Food & Lifestyle
Technology
From
Business Journals
Coronavirus cases may soon spike again in Austin area, public health leaders warn
October 21, 2020
After a spike in infections and hospitalizations over the summer, coronavirus numbers had been improving for weeks in the Austin area. But now they are plateauing, and public health leaders warn...
Tags
Government & Regulations
Coronavirus
Insurance
From
Business Journals
Round Rock Donuts plans Cedar Park location
October 20, 2020
Round Rock Donuts was started in 1926 and is arguably world-famous for its yellow-colored glazed doughnuts and its Texas-sized doughnuts, which may be the culinary equivalent of a 10-gallon hat.
Tags
Retailing
Retailing & Restaurants
Food & Lifestyle
From
Business Journals
Torchy's Tacos to open first eatery in North Carolina
October 20, 2020
Born from a single taco trailer in the mid-2000s, Torchy's Tacos now has dozens of locations across the country. It plans to soon expand into eighth state.
Tags
Restaurants
Retailing
Retailing & Restaurants
From
Business Journals
M.D. Anderson Cancer Center launches investment fund for cancer therapies
October 20, 2020
The nation's top cancer hospital has a new fund set up to invest in novel treatments for cancer. Austin is home to a number of such companies.
Tags
Rice University
M/D/ Anderson Cancer Center
Hospitals
From
Business Journals
Warehouse District restaurant Holy Roller closing for good
October 20, 2020
Holy Roller chef Callie Speer garnered acclaim for the restaurant that combined irreverent style with decadent comfort food — think meatloaf sandwiches, fried chicken on biscuits and banana pudding.
Tags
Commercial Real Estate
Callie Speer
Matthew Odam
From
Business Journals
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