Archive for June, 2021

A Gen Z Willy Wonka Is Incubating At Dallas’ Envy Gaming—And His Golden Tickets Have a Twist

Posted by David Seeley

Updated July 1, 2021 at 10 a.m.

When most 11-year-olds start a business, they make lemonade and walk to the curb. Not Truman Wilson. In 2016 he was lying on the couch watching “Shark Tank” with his family, and saw a kid pitch a product to Mark Cuban.

Dallas Tech Fashion Innovator rewardStyle Rebrands as LTK

Posted by Bella Pinera

Known as the company that completely changed the lives of retail-obsessed fashionistas with the creation of the first-ever influencer-driven consumer shopping app, LIKEtoKNOW.it, it’s no surprise rewardStyle is ramping up for more growth. RewardStyle, the industry’s dominant monetization platform for influencers and the parent company of the popular LIKEtoKNOW.it

UNT Chancellor Lesa Roe, the First Woman to Lead the System, to Retire

Posted by Bella Pinera

Effective March 31, 2022, The University of North Texas System’s Chancellor Lesa B. Roe will retire following a career that spanned four years at the UNT System and 33 years as an electrical engineer and executive at NASA. She was the first woman named to lead the system.

Dallas Invents: 107 Patents Granted for Week of June 15

Posted by Quincy Preston

Dallas Fort Worth: U.S. Patents Granted in the Dallas Fort Worth region.Dallas Invents is a weekly look at U.S. patents granted with a connection to the Dallas-Fort Worth-Arlington metro area. Listings include patents granted to local assignees and/or those with a North Texas inventor. Patent activity can be an indicator of future economic growth, as well as the development of emerging markets and talent attraction. 

Aussie Data Startup Tape Ark Chooses Dallas for its U.S. Headquarters and Tape-to-Cloud Mass Migration Center

Posted by Alex Edwards

Australian technology company Tape Ark, which aims to “liberate the world’s largest collection of data,” has chosen Dallas for its U.S. headquarters after a rigorous selection process.

Locally, Tape Ark will set up its new U.S. mass data migration center and proprietary mass tape-to-cloud platform.

North Texas’ Hunt Perovskite Technologies Merges With 1366 Technologies to Form CubicPV

Posted by Alex Edwards

Two of the most innovative companies in solar—Hunt Perovskite Technologies and 1366 Technologies—have completed a deal to merge their businesses, bringing technology to market that could lead a rapidly growing industry.

The newly combined company, set to be named CubicPV, will receive $25 million in funding from Hunt Energy Enterprises (HEE), First Solar, Breakthrough Energy Ventures, North Bridge Venture Partners, and Polaris Partners.…

The Citizenry Raises $20M To Grow Its Dallas-Based Artisan Home Décor Brand

Posted by David Seeley

Local artisans in Morocco, India, Peru, and beyond used to have to wait for travelers to discover their wares. The Citizenry changed that by giving them a way to sell their hand-crafted, fair trade home décor over the Internet to customers worldwide.

Capital One Will Become a Hybrid Work Company, Impacting All 5,000+ DFW Associates and 52,000 Overall

Posted by David Seeley

If you’ve wondered whether the COVID WFH experience will change the office forever, wonder no more—another big shoe just dropped on the side of flexible work life. Capital One Founder and CEO Richard Fairbank announced in an internal memo released today that “Capital One will become a hybrid work company going forward, adopting a ‘flexible hybrid model’ that allows a significant majority of our associates to spend some of their time working in the office and some of their time working virtually.”

The DRC’s Inaugural State of DEI Calls on CEOs to Drive Inclusive Economic Growth

Posted by Gloria Salinas, Managing Director, Economic Development, DRC

Moved by the murder of George Floyd last year, more private sector leaders and corporations made public statements against racism and racial inequalities.

But a December 2020 McKinsey & Co. report shows public statements have not translated into systemic actions that close the gap in racial inequalities.…

Four North Texas Startups Chosen for MassChallenge’s 50th Cohort

Posted by Alex Edwards

To MassChallenge, “innovation is the heartbeat of progress.” And, the nonprofit organization believes that entrepreneurship is the process by which innovation comes to life—and how global problems are solved. That’s why, for more than a decade, MassChallenge has transformed ideas to impact, equipping founders with the resources to lead their own growth, create jobs, and generate wealth.

Snack Strong: Frito-Lay’s New $5M Doritos Campaign Is Amplifying the Voices of Black Founders and Creators

Posted by Bella Pinera

Last year, Doritos launched its #AmplifyBlackVoices initiative to take meaningful action and push for real change when it comes to social equity. To further this mission, Doritos—a brand from Plano-based Frito-Lay—is now launching SOLID BLACK to share stories of Black joy, strength, and resilience. 

Stars Do Dallas: How 11 Celebrity Deals and Endorsements Are Building Local Brands

Posted by David Seeley

Startups love star power. A celeb endorsement grabs attention and builds a brand fast. And if the deep-pocketed star wants to invest in your company or make a deal for a stake, it’s icing on the cake—the deeper the connection, the bigger the buzz and payoff.

Dallas Rideshare Alto Closes $45M Series B, Bringing Total Funding to $60M

Posted by Alex Edwards

Dallas’ own rideshare service, Alto, has completed a $45 million round of Series B financing—its largest yet—to continue propelling national growth and transforming the industry. The infusion of capital will fund a major pivot for the local startup: Going electric.

Alto has been on a fast expansion track since its founding in 2018.…

DI People: Southwest Airlines, RAVE Restaurant Group, Antuit.ai, Uplift Education Make Moves

Posted by Bella Pinera

Across North Texas, companies are promoting and hiring people to take on leadership positions within their organizations.

Dallas Innovates covers prominent personnel moves in Dallas-Fort Worth businesses and nonprofits—from the newest startups to well-established companies. Here are the people moves tied to innovation and technology in the region.…

Dallas-Based Edutainment Startup Banneky Has a New Way to Promote Diversity in STEM Careers 

Posted by Alyssa Mora

Local tech education platform Banneky has formed a new collaboration with Warner Bros. Pictures and Microsoft—called “Find Your Seat”—to educate and create diversity in STEM careers for the next generation in an entertaining way. 

The Dallas-based company is hyper-focused on middle and high school students who love art, sports, and gaming.

Dallas-Area Belluscura Breathes Lighter Life Into $23B Respiratory Care Devices Market

Posted by David Seeley

Millions worldwide are about to breathe easier—and much more lightly—thanks to Belluscura, a medical device startup with its U.S. headquarters in Plano. Listed on the London Stock Exchange last month with a valuation of $71 million, In July Belluscura will launch Its first product: X-PLO2R, a lightweight, FDA-cleared portable oxygen concentrator (POC) designed to replace larger, metal oxygen tanks and heavier competitor devices.

Dallas’ Envy Gaming Invests in ‘Livestream Sidekick’ Botisimo

Posted by Alex Edwards

Dallas-headquartered Envy Gaming, one of the world’s largest esports and entertainment organizations, has made a strategic investment in fellow Dallas local Botisimo, a provider of comprehensive tools for streamers, to extend the duo’s longtime relationship.

The move brings two major emerging players in the North Texas esports scene together.…

Vari’s New Global HQ Is a Proof of Concept for the Idea of ‘Building‑as‑Service’

Posted by Quincy Preston and Bella Pinera

Jason McCann and his team at Vari pioneered the vitality of wellness in the workplace with the introduction of their sit-stand desk in 2013. Fast forward through years of innovation, a name change, and industry expansions, and the Coppell company formerly known as Varidesk is ready to move into a new space that befits just how far it’s come—and where it’s going.

Size Matters: Want a Home Office? Renters See New‑Build Apartments Upsize in DFW Suburbs

Posted by Quincy Preston

Future apartments are getting bigger. RentCafé says new-build apartments in suburbs like McKinney, Lewisville, and Irving are growing in size. Three words explain why: Work from home.

How much bigger are they? About “one small home office bigger,” according to RentCafé.…

Dallas-Based Sentiero Ventures Makes Its First Investment From AI-Focused $10M Fund

Posted by Alex Edwards

Plano venture capital firm Sentiero Ventures has made the first investment from its new AI-focused fund: A $250,000 investment in Data Sentinel, an enterprise-sensitive data management platform with its U.S. headquarters in Texas. It kicks off a series of 10 investments for Sentiero Ventures’ $10 million fund.