Last week we witnessed a significant amount of technical funding, a new joint headquarters and a new collaboration at Lone Star State Capital. Shown here is Austin’s built-in weekly update.
Austin now has a partner hub for the Q5iD. Q5iD provides businesses with cybersecurity solutions focused on identity management. The software company announced the opening of joint headquarters in Austin and Bellevue, Washington, in preparation for expansion. It plans to take advantage of the commercial and technological economies of the two cities. [PR network]
QUOTE OF THE WEEK FROM AUSTIN TECH
E-commerce companies are struggling to reach their full potential during this time of economic uncertainty. The global financial challenges we are facing right now make it difficult for e-commerce business owners to access the resources they need to be successful. These online merchants get the resources and financial assistance they need to succeed in any economic environment from 8fig. Yaron Shapira, co-founder and CEO of 8fig
$140 million was raised by 8fig. Fintech platform 8fig will continue its efforts to expand small and medium-sized e-commerce businesses with Series B funding from lead investor Koch Disruptive Technologies. The platform provides companies with the resources they need to manage their finances and secure ongoing financing to support their commitment to sustainable growth. After the final round, 8fig received $195.5 million in total capital. [Built in Austin.
Carahsoft and Nyriad became partners. Nyriad offers companies a storage solution designed to increase flexibility and accelerate innovation. The business has partnered with Carahsoft, a government IT solutions company, to make Nyriad’s storage system available to the public sector through Carahsoft’s dealer network. corporate wire