Home Small business financing SEON named its US headquarters, Striveworks’ Hiring Push and more tech news from Austin

SEON named its US headquarters, Striveworks’ Hiring Push and more tech news from Austin

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Photo: Striveworks

With temperatures nearing triple digits, Austin’s weather is heating up almost as much as the local tech scene. Several decent-sized funding rounds have bucked the VC downtrend, and one company is leaving Europe to expand its operations in Silicon Hills.

Keep up to date with all the local tech news you may have missed in the past week with the weekly Built In Austin refresh.

WIN Reality scored $45 million. The Austin startup has developed virtual reality technology that allows baseball players to practice hitting more than two million different virtual pitches, using a Meta Quest headset and an accessory that slips on their bat. WIN Reality will use the funding to expand its team, improve its technology and develop a product for young gamers at all skill levels. [Built In Austin]

Onramp funds pocketed $42 million. The Austin-based startup provides e-commerce businesses with working capital to cover shipping and fulfillment costs so they can shift resources to other areas of their business. Onramp’s new financing includes a line of credit for small business financing as well as equity financing to build a customer acquisition engine and hire additional staff. [TechCrunch]

austin tech quote of the week

“I feel like I can hand off the responsibilities that I’ve been dealing with for years, and I can focus on getting back to this early stage of growing a team from zero to about 20 people. It will be like in the beginning when we were a team of 20 here in Hungary. — Bence Jendruszak, co-founder and COO of SEON

SEON has designated Austin as its US headquarters. SEON co-founder and COO Bence Jendruszak leaves his hometown of Budapest to establish a US headquarters in Austin after raising $94 million in Series B in hopes of expanding his North American business. and the South. Jendruszak is currently looking for office space as he plans to hire a team of 20 employees, most of whom are in business development and customer success roles. [Built In Austin]

Spot Insurance raised $25 million. The Austin-based startup has found its niche by partnering with ski resorts and other sporting venues to offer customers short-term insurance coverage to cover any injuries they might sustain while on the property. . Spot Insurance will use its latest funding to establish new partnerships and expand its reach. [Austin Inno]

Striveworks announces it will double its workforce. The Austin-based machine learning operations company is hiring engineers to support the ongoing development of Striveworks’ core product, the Chariot MLOps platform, as well as other projects. [PR Newswire]