SparkCognition achieved unicorn status earlier this year while ICON recently raised $185 million in a Tiger Global-led round that valued it at “nearly $2 billion.” In 2020, Tesla settled into the so-called Silicon Hills district and Oracle moved its headquarters from Silicon Valley. Several companies surpassed a $1 billion valuation in 2021, including The Zebra, Firefly Aerospace, Abrigo, ZenBusiness and Iodine Software.
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TechCrunch Live is a free weekly event featuring investors, founders, and startups with the goal of helping entrepreneurs build better venture-backed businesses. It’s a city of unicorns and tech giants.Īttend TechCrunch Live’s City Spotlight: Austin special event! Register here. Today, Austin is more than just the capital of Texas. Rounds are getting larger, too, signaling a further maturing of the market: All of the top 10 deals for Austin in 2021 amounted to $100 million or more. VCs invested over $5.5 billion across 412 deals in 2021, more than double the amount of capital invested in 2020, according to PitchBook data. That’s why TechCrunch has chosen to shine a spotlight on the city with a special episode of TechCrunch Live centered on the growing startup scene in Austin, Texas.Īs Austin’s skyline expands, the city continues to solidify its standing as a tech hub.
Austin made headlines in 2021 for being “the place” for startup founders and venture capitalists alike to set up shop.
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