Texas has been drawing the attention West Coast companies, and names across all industries have recently made a presence for themselves in the Lone Star State. Check out the latest addition with the Built In Austin Weekly Refresh.
Several Austin companies raised VC funding in March. Spanning industries like artificial intelligence and fintech, five Austin-based tech companies secured last month’s largest venture capital sums. Totaling $175.5 million, these companies are enhancing their products, and some are growing their teams. [Built In Austin]
Austin Tech Quote of the Week
“This is a really exciting integration for Striveworks and our customers. Chariot’s flexible deployment means customers can access its ML capabilities where they need it, including in austere environments where GPUs are scarce.” — Eric Korman, Striveworks’ chief science officer
Striveworks joined forces with Neural Magic. In a new partnership, Striveworks — which specialized in machine learning operations for sectors like national security — is joining forces with Neural Magic, a Massachusetts AI company. The combination allows Striveworks to integrate Neural Magic’s offerings into its Chariot MLOps platform’s training and model services for developers’ custom models. Striveworks is also currently hiring new talent to its team. [PR Newswire]
RK Logistics expanded into Kyle. Freemont, California-based third-party logistics company RK Logistics is expanding with 200,000 square feet of space in Kyle, a city just south of Austin. The move aims to help the company service automotive and semiconductor manufacturing businesses in Central Texas. The new facility will eventually employ 25 warehouse associates and material handlers. [Austin Business Journal]
