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Business
Sera—a SaaS service for small-to-large size HVAC, plumbing, and other field service businesses—said it closed the oversubscribed funding round with a market cap three times the value the company had at the close of its Series A round in November 2021.
Grapevine’s Sera Systems Reports ‘Eight-Figure’ Series B Funding Round
by Lance Murray | May 25, 2023
Sera—a SaaS service for small-to-large size HVAC, plumbing, and other field service businesses—said it closed the oversubscribed funding round with a market cap three times the value the company had at the close of its Series A round in November 2021.
by Lance Murray |
May 25, 2023
“The corners of I-75 and SH-121 are one of the last great undeveloped intersections in DFW," Lucy Billingsley, partner at Billingsley Co., said. "To do it justice, we intend to build something really spectacular here." The first phase of the project, Sloan Corners, will be a transformation "from hayfields to a regional employment hub," city of Allen officials said.
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by David Seeley |
May 25, 2023
"It’s beginning to look like the recent growth of Texas could have a lasting impact on the VC ecosystem," Carta says in its Q1 2023 report, noting that Texas now ranks No. 4 among all states in capital raised on its platform. "In the recent past, California, Massachusetts, and New York formed an unofficial Big Three states for startup investors. Thanks to Texas, it’s now looking more like a Big Four."
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by David Seeley |
May 25, 2023
If you drive down Royal Lane in Dallas near Harry Hines Boulevard, you'll see it at once: a business district thriving with the Korean language and places like Lee Dae Gam K BBQ & Shabu that offer mouth-watering hot pot dishes. On Tuesday—with a stroke of Gov. Greg Abbott's pen—Dallas' Koreatown gained official recognition.
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Photo: Dallas Innovates/Quincy Preston
Dallas City Council Approves $1B Plan To Tear Down I-345, Rebuild It Below Grade
by David Seeley | May 24, 2023
In a 14-0 vote, the Dallas City Council has approved a TxDOT-recommended $1 billion "hybrid trench" plan to reconfigure I-345, the sprawling elevated highway that separates downtown Dallas from the Deep Ellum neighborhood to its east. Take a look at the new plan, and get ready for the gridlock to come when the bulldozers roll up—in 2028 or 2029.
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by David Seeley |
May 24, 2023
The annual list from global nonprofit Points of Light showcases how leading U.S. companies are moving social impact, civic engagement, and community to the core of their businesses. Several that are either headquartered in North Texas or have strong presences here are among the honorees. See who made the list.
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by Dallas Innovates | Staff Report |
May 24, 2023
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: 7-Eleven's topview item tracking using a sensor array, Advanced Neuromodulation Systems' method for controlling neurostimulation according to user activity and automated rescheduling of stimulation programs, IBM's clustering a set of natural language queries based on significant events, Lennox Industries' error correction for predictive schedules for a thermostat, PWC's continuous machine learning method and system for information extraction, ShockWatch's impact indicator, Target's sports bra support testing, and Textron Innovations' aircraft for transporting and deploying UAVs.
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by David Seeley |
May 24, 2023
After years of delays, demolition is finally complete at the Valley View mall site at Preston Road and LBJ Freeway. Its rebirth as 'Dallas Midtown' is slated to begin with a groundbreaking as soon as December for a mixed-use building with 275 apartments and around 26,000 square feet of ground-floor retail and restaurants, said Beck Ventures CEO Scott Beck.
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The Hill Prizes, funded by Lyda Hill Philanthropies, will accelerate high-risk, high reward research ideas with significant potential for real-world impact.
New $500K Prizes Funded by Lyda Hill Will Promote Scientific Research and Innovation
by Glenn Hunter | May 24, 2023
Lyda Hill Philanthropies and TAMEST, the Texas Academy of Medicine, Engineering, Science, and Technology, have launched the Hill Prizes. The new program will provide $2.5 million in funding to support the research of Texas scientists.
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by Lance Murray |
May 23, 2023
The partnership with Crow Holdings Capital and a global institutional investor allows Crow Holdings to expand its retail investment strategy of acquiring small-format, convenience-oriented, open-air, food and service shopping centers. CEO Michael Levy says the partnership "serves as a powerful endorsement of CHC’s investment strategy in this attractive segment of the retail real estate market."
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by Lance Murray |
May 23, 2023
Dallas-based CBRE Group Inc.’s property management group has formed a global strategic partnership with Deepki that will bring Deepki Ready, one of the world’s most extensive landlord-focused real estate sustainability data-intelligence platforms, to the commercial properties CBRE manages for investors worldwide....
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by David Seeley |
May 23, 2023
If you want a seat in some of Dallas' hottest new high-end restaurants, you'd better get in line. And according to the New York Times, that's just what some of the top restaurant groups in the U.S. are doing as put Dallas at the top of the list for their expansion plans.
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BlueHopper permanent outdoor lighting powered by Dallas-based MeshTek Labs. [Photo: MeshTek]
Mark Cuban-Backed MeshTek Labs Wins Lightfair Innovation Award
by David Seeley | May 23, 2023
Supported by 35 issued patents, Dallas-based MeshTek builds next-gen lighting systems that turn buildings into show-stoppers. "Their patented, long-range Bluetooth mesh is the brilliance behind the solution and the future of outdoor device connectivity," says investor Mark Cuban.
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by Nicole Ward, DRC Data Journalist |
May 23, 2023
Lion's Den DFW recently brought together students, founders, and investors at Dallas Baptist University for a unique pitch competition. With DBU's Patriot Angel Network and Beyond Angels joining forces, the event highlights the growing influence of faith-driven businesses, where purpose and profit align for a higher plane of success.
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by Lance Murray |
May 22, 2023
The DEC Network is about to celebrate its 10th anniversary as a nonprofit entrepreneurship ecosystem builder in Dallas-Fort Worth. But instead of just throwing a party, it's launching even more innovation hubs to help entrepreneurs start, build, and grow their businesses—including The DEC's new RedBird Innovation Center. Besides housing The DEC's HQ, it will offer co-working space, provide business incubation, accelerator programs, podcasting rooms, an event space, and more.
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by Lance Murray |
May 22, 2023
The Fort Worth Local Development Corp. approved $500,000 over two years to create the Fort Worth Entrepreneurship Center. The center will be operated by The DEC Network in the city's Near Southside neighborhood, according to the Fort Worth Report.
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