Archive for September, 2021

LaunchBio Gets $750K From U.S. Department of Commerce’s $36.5M ‘Build to Scale’ Program

Posted by Alex Edwards

The U.S. Assistant Secretary of Commerce for Economic Development today unveiled the 50 organizations that will receive grants totaling $36.5 million as part of the U.S. Economic Development Administration’s Fall 2021 “Build to Scale” program. One North Texan made the cut: LaunchBio.

Plano-Based Tentacle Launches Tech Platform To ‘Transform the Information Security Space’

Posted by David Seeley

You wouldn’t walk down a street flashing a big wad of cash—that would just be asking for trouble. But if you work on a computer without adequate security, you’re doing the same thing: leaving yourself and your company open to attack.

Thermal Packaging Tech Innovator PTG Expands to Fort Worth with New Manufacturing Center

Posted by David Seeley

When biopharmaceutical companies ship vaccines, biologics, and other high-value medicines, they don’t reach for an envelope. The last thing they want is exposure to excessive heat or cold. That makes temperature-sensitive thermal shipping solutions a critical mission—one that Packaging Technology Group pursues every day. 

Two SMU Grads Create Eco-Friendly Products to Combat Single-Use Plastics

Posted by Maddie Preston

500 million plastic straws are used every day in the U.S. That’s 182 billion straws a year, creating tons of non-biodegradable plastic waste that hurt the environment. But the trendy answer to solving that problem—flimsy paper straws—can suck just as bad.

Addison’s Lone Star Analysis Preps for Growth With Fresh Funding, a Niche Team, and a Different Approach to Analytics

Posted by Alex Edwards

Lone Star Analysis is gearing up for an accelerated growth phase.

As a provider of leading-edge predictive and prescriptive analytics and artificial intelligence solutions, Addison-based Lone Star assists companies in making informed decisions in the face of uncertainty. They service customers in need of a highly specific prediction, or family of predictions, that accompany prescriptions, or various courses of action.…

Dallas’ Esposure Teams Up with Cryptomining Startup Salad to Help Gamers Earn Rewards By Computesharing

Posted by David Seeley

Gamers may seem like they’re always on a computer, but even they have to sleep sometimes. Now Esposure, a Dallas-based esports tech company, is teaming up with cryptomining software startup Salad to put those idle PCs to use.

The companies have entered a multi-year partnership to help gamers—many of whom have very powerful computers—leverage their PCs during downtime to earn redeemable rewards value through Salad’s computesharing software.…

Dallas-Area Startup ASD.ai Gets $1M Angel Investment for its Rootines App, a “Digital Diary” for the Neurodiverse

Posted by David Seeley

For people on the autism spectrum—especially kids—daily routines can be a lifeline. That’s why ASD.ai launched the Rootines app, to make tracking routines easy and insightful for parents and caregivers alike. Now the Dallas-area startup has gotten a boost with a $1 million angel investment from Pittsburgh-based Determined Capital.

Dallas Invents: 136 Patents Granted for Week of Sept. 14

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. 

6 Dallas Innovators You Need to Know Today—and Why

Posted by Alex Edwards

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 from startups to big-name corporations. Here are six recent c-suite moves need to know right now.…

GMC and General Motors Team Up With Dallas-Based Marcus Graham Project To Increase Diversity in Media, Marketing, and Advertising

Posted by David Seeley

GMC says its vehicles “have the power to get the job done.” Now the automaker and its parent company, General Motors, are teaming up with the Dallas-based nonprofit Marcus Graham Project on a very different job—helping aspiring leaders who are Black, indigenous, and people of color to find careers in marketing, media, and advertising.

Siemens Digital Industries Software Lays the Foundation for Its future Software Portfolio With Xcelerator as a Service

Posted by Alex Edwards

Siemens Digital Industries Software, the automation and digitalization arm of global tech giant Siemens AG that has its U.S. headquarters in Plano, has launched its Xcelerator as a Service—a move that the company says will build a foundation for a new digital future.

Report: Dallas Makes List of Top-Ranked Global Startup Ecosystems for Second Straight Year

Posted by David Seeley

From Mumbai to Montevideo, Busan to Bern-Geneva, and Sao Paulo to Shenzhen, the global startup rankings are out once again. The 2021 Global Startup Ecosystem Report (GSER) from Startup Genome and the Global Entrepreneurship Network was released last week at London Tech Week, with Dallas ranking as a leading startup ecosystem for the second straight year.

Follow the Money: Gramercy Raises Nearly $10M; German Pharma Acquires Abexxa Biologics; and Surge Private Equity Invests in Contractor Connect

Posted by Alex Edwards

What companies are finding funding or having a big exit? From startup investments to grants and acquisitions, Dallas Innovates tracks what’s happening in North Texas money. Sign up for our e-newsletter to stay in the loop.

Have a deal we should know about?…

‘The Upstart Entrepreneurs’: Locals Recognized on the Third Installment of the Forbes Next 1000

Posted by Alex Edwards

At the beginning of 2021, Forbes launched its Next 1000 initiative to spotlight entrepreneurs and small business owners across the country who are battling to survive—and thrive—amidst the COVID-19 pandemic.

The year-round program, which highlights those with under $10 million in revenue or funding, has released periodic installments of “sole proprietors, self-funded shops, and pre-revenue startups” that represent the country’s resilience and adaptability.…

The Dallas Foundation Awards a Total of $50K to Seven Local Nonprofits

Posted by Alex Edwards

The Dallas Foundation, the 92-year-old organization that’s best known as the first community foundation in Texas, has awarded seven local nonprofits its 2021 Community Impact Prize as part of Sept. 23’s North Texas Giving Day. 

The Foundation said that each winner aligns with its strategic priorities: Partnerships that reduce intergenerational poverty, meet today’s most pressing needs, and position the Dallas region for a more equitable future.…

ClubCorp CEO on Dallas as a ‘Golf Mecca,’ the $100M BigShots Golf Expansion, and How Tech Is Changing the Game

Posted by David Seeley

If you think golf is taking over Dallas, join the club. No, literally, join the club—at least, that’s what David Pillsbury hopes you’ll do. As the CEO of Dallas-based ClubCorp, America’s largest owner and operator of private golf and country clubs, Pillsbury thinks high-tech “golf entertainment” is great news for his 200+ clubs and venues nationwide.

Life Science Is Booming in Dallas-Fort Worth. The BioNTX iC3 Summit Is the Place to Connect

Posted by Dallas Innovates | Staff Report

The BioNTX iC3 Life Science Summit at the Gaylord Texan in Grapevine will bring together biotech leaders and changemakers.

The in-person event on September 30 and October 1 will host startups through large multinationals representing industry sectors like biotech and pharma, as well as healthcare companies, academic research institutions, innovators, investors, vendor partners, and other leaders.…

Trive-Backed Karman Systems Acquires Systima Technologies, Speeding Its Push Into Space and Hypersonic Markets

Posted by David Seeley

Trive Capital-backed Karman Missile & Space Systems has acquired Mukilteo, Washington-based Systima Technologies as part of Karman’s aggressive push into the space and hypersonic markets. 

Financial terms of the acquisition were not disclosed. Systima’s leadership team will continue as equity holders and senior leaders of Karman.…

DI People: Tuesday Morning, Complexity Gaming, Caris Life Sciences Make Moves

Posted by Alex Edwards

Across North Texas, companies are promoting and hiring people for leadership positions.

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.…

Raytheon Intelligence & Space Opens a New Intelligent Manufacturing Center at Its McKinney Campus

Posted by David Seeley

Raytheon Intelligence & Space (RI&S) has opened a new intelligent manufacturing center at its McKinney campus. The 178,000-square-foot facility is a result of a $100 million investment and collaboration with the McKinney Economic Development Corporation (MEDC)—which included an already-complete commitment to generate 500 skilled jobs.