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Startup
[Illustration: Vitanovski via iStock]
Follow the Money: Actuate Therapeutics Raises $11.2M to Fight Cancer, TPG Real Estate Closes $6.8B-plus Fund, Mark Cuban Backs Storage Scholars, and More
by Kevin Cummings | Oct 24, 2022
In this week’s North Texas deal flow, you’ll also find news about Sinclair Digital Services’ $5 million fundraising effort; Energy Spectrum Capital helping to launch a new energy firm; Darling Ingredients’ $1.2 billion acquisition; the Dallas Cowboys’ official accounting firm merging with BKM Sowan Horan; and more.
Maintenance Marketplace Startup Stellar Has Eyes on ‘Next Phase of Growth’ With New Name and New CTO
by Kevin Cummings |
Oct 20, 2022
Dallas-based Stellar connects contractors with property managers in the single-family rental market. With $15M in funding to date, it's punching up its tech with new CTO Renaud Casanova—whose Silicon Valley background includes stints with Facebook and the San Francisco 49ers.
"We're on a continued trajectory to build world-class software to power one of the market’s top managed maintenance marketplaces," says Founder and CEO Dustin Marx.
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by Kevin Cummings |
Oct 19, 2022
UT Arlington students have bright business ideas—from hydrogen-powered drones to 3D-printed concrete homes to K-pop themed T-shirt lines. The university shone a light on 10 of them—along with $185,000 in total funding—at the finale of the MavPitch Business Competition.
“We use the generous awards and other resources to encourage, grow, and mentor these fledgling student-run firms,” says UTA's Jeffrey McGee.
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by Quincy Preston |
Oct 19, 2022
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros. Patents granted include: Bank of America's multi-tiered digital wallet security, Nike's ground-engaging structures for articles of footwear, Capital One's systems and methods for training machine learning models, Raytheon's policy engine for cyber anomaly detection, and more.
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Former Best Buy CEO Brad Anderson has joined the Spacee Advisory Board. [Courtesy of Brad Anderson]
Exclusive: Spacee, the Dallas-Based Computer Vision and AR Startup, Adds Former Best Buy CEO to Its Advisory Board
by Quincy Preston and David Seeley | Oct 18, 2022
Bringing 36 years of experience from his Best Buy days, Brad Anderson isn't just joining Spacee's advisory board. He's also investing in the startup—which aims to transform retail businesses with its HoverTouch interactive experiences, while helping industries track inventories with its Deming shelf-mounted robots.
"I was attracted to the company’s learners and adapters," Anderson tells Dallas Innovates. "They're a team of people that when you have a problem, they are unencumbered in their ability to innovate to solve the problem."
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by Dennis Cagan |
Oct 17, 2022
Entrepreneur, investor, and corporate governance authority Dennis Cagan shares insights on seldom-taught things an entrepreneur needs to know about equity and governance—before making needless mistakes—in The Shadow CEO series.
Part 11: Protecting Founders and Special Voting Preferences
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by Kevin Cummings |
Oct 17, 2022
In this week’s North Texas deal flow, you’ll also find news about Mavenir’s $155M raise, Pinnacle Realty Advisors raising $5M for ‘brokerage-as-a-service’ platform, Exela Technologies taking its European business unit public, American Airlines’ hydrogen fuel distribution investment, and more.
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by Kevin Cummings |
Oct 13, 2022
Launched last year with $100 million in debt-free equity capital, Dallas-based Foundry Brands is an acquisition platform that aims to amass a portfolio of 30 to 50 direct-to-consumer e-commerce brands. It's already acquired eight—most recently the Fort Worth-based men’s grooming product company, Supply. Co-founder Matt Rhodes told Dallas Innovates that Foundry seeks brands who've developed "micro-tribes."
“Ultimately, we're looking to be a multibillion-dollar business," Rhodes told us.
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Zyvex's Litho 1 sub-nm resolution lithography system [Photo: Zyvex]
Zyvex Labs Unveils ‘World’s Highest-Resolution Lithography System’ to Aid in Quantum Computing Research
by Kevin Cummings | Oct 12, 2022
To create a device for the world of quantum computing, you have to think small. Richardson-based Zyvex Labs has been developing a device since 2007 that acts as a type of microscope that can manipulate atomic structures on a surface. That's led to the ZyvexLitho1 system, which enables more precise, automated patterning at a sub-nanometer resolution. It's also led to $28 million in funding from agencies like DARPA.
John Randall, the company's CEO, says the new system will be "really useful for research that's going to lead to better quantum computers"—eventually leading to one "that can do the ridiculous number of fabulous things that they say it's going to do.”
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by David Seeley |
Oct 11, 2022
The Central Intelligence Agency has invested in Colossal through its nonprofit VC investment arm, In-Q-Tel, reports The Intercept. Named in honor of Q—the tech genius from the James Bond novels and movies—the VC firm was founded in 1999 to keep U.S. intelligence agencies on the cutting edge of "innovative and impactful technologies coming out of Silicon Valley and beyond."
So why Colossal? "Strategically, it’s less about the mammoths and more about the capability," In-Q-Tel says.
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by Lance Murray |
Oct 7, 2022
CEOs of the 100 fastest-growing privately held companies in the Dallas region joined the SMU Cox Caruth Institute for Entrepreneurship for the kickoff of its annual celebration of the entrepreneurial spirit on Thursday.
Now the countdown begins for the institute's Nov. 2 reveal of which one is THE fastest-growing privately held company in Dallas-Fort Worth. Here are the contenders.
Now the countdown begins for the institute's Nov. 2 reveal of which one is THE fastest-growing privately held company in Dallas-Fort Worth. Here are the contenders.
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by Kevin Cummings |
Oct 5, 2022
Founded in 2020, Dallas-based Sonara Health has a big mission: "We want to end the opioid epidemic and save lives." To help tackle it, Sonara secured a patent last month for a take-home methadone monitoring system. With the new funding and earlier support from backers including Mark Cuban, the startup has raised $5M to date.
"In a world where we send billionaires to space in reusable rockets, I thought we ought to be able to create a solution that helps patients with opioid use disorder to get their daily medication in a way that does not disrupt their daily lives," said CEO Michael Giles, M.D.
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Photo: AccelerateHER
Creative Retail to Cold-Pressed Soap: Denton’s AccelerateHER Aims to Help Eight Local Small Businesses Grow
by Kevin Cummings | Oct 4, 2022
AccelerateHER—a partnership between the Texas Woman’s University Center for Women Entrepreneurs and Stoke Coworking—has named eight local small businesses to its female founder-focused incubator program. Next up: The program aims to expand beyond Denton to Dallas, Houston, and Abilene.
“Members will be walking away with stronger foundations to their businesses, and the tools they need to grow,” says Stoke Executive Director Heather Gregory.
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by Quincy Preston |
Oct 3, 2022
• AT&T’s 5G edge cloud network design
• Recaro Aircraft Seating’s life vest device
• Berg’s treating or preventing tumors of the central nervous system
• Chirp Systems’ access control for property management
• Apple’s message mapping via frequency and/or time indexing
• USAA's monitoring of data to predict road conditions
• Omnitracs’ integration of hours of service and navigation
• Atlas Global Technologies’ doppler mode in a wireless network
• STMicroelectronics’ robotic device with time-of-flight proximity sensing system
• Textron Innovations’ autonomous hydrogen refueling
• Recaro Aircraft Seating’s life vest device
• Berg’s treating or preventing tumors of the central nervous system
• Chirp Systems’ access control for property management
• Apple’s message mapping via frequency and/or time indexing
• USAA's monitoring of data to predict road conditions
• Omnitracs’ integration of hours of service and navigation
• Atlas Global Technologies’ doppler mode in a wireless network
• STMicroelectronics’ robotic device with time-of-flight proximity sensing system
• Textron Innovations’ autonomous hydrogen refueling
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by Quincy Preston |
Oct 3, 2022
Dallas-Fort Worth ranked No. 10 for patents out of 250 metros.
• Frito-Lay’s plant protein snack with meat-like texture
• Treble Innovations’ portable wireless endoscope
• Toyota’s systems and methods for automatically cleaning wheels
• Good Sportsman Marketing’s communication device for hearing protection devices
• Panacea Quantum Leap Technology’s bidirectional sensor circuit
• Badge’s biometric public key system providing revocable credentials
• AMS International AG’s method and device for estimating ambient light
• Heart Test Laboratories’ quantitative heart testing
• Futurewei Technologies’ transaction-based hybrid memory
• Treble Innovations’ portable wireless endoscope
• Toyota’s systems and methods for automatically cleaning wheels
• Good Sportsman Marketing’s communication device for hearing protection devices
• Panacea Quantum Leap Technology’s bidirectional sensor circuit
• Badge’s biometric public key system providing revocable credentials
• AMS International AG’s method and device for estimating ambient light
• Heart Test Laboratories’ quantitative heart testing
• Futurewei Technologies’ transaction-based hybrid memory
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by Sandra Engelland |
Oct 3, 2022
Dallas-based unicorn o9 Solutions is using its Digital Brain technology to predict weather patterns, transportation hiccups, and employment fluctuations months before problems occur. Then its digital twin technology can recommend solutions.
CEO Chakri Gottemukkala says o9's new Supply Sensing tool applies longstanding methods to "predicting and steering clear of future supply disruptions."
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