Spruce Picked up $26M, Tecovas’ New CEO, and More Austin Tech News – Built In Austin

Photograph: Tecovas

The Austin tech scene was hopping final week with current capital, new office openings and An monumental enlargement proposal from A worldwide electronics huge. Make amends for the information You can have missed final week with the Inbuilt Austin Weekly Recurrent.

Spruce picked up $26M. The Austin startup provides house residents with on-demand housekeeping, pet care and laundry from expert and vetted contractors. Spruce currently expanded past house communities To inagency single-household householders in Austin and brief-time period leases listed with a enterprise companion. The agency furtherly introduced that board member Steven Pho will Discover your self to be Spruce’s new CEO. [Inbuilt Austin]

InKind opened its first office. With A mannequin new downtown office, inKind is Making an try to develop the staff of its hospitality financing and advertising startup. The agency presently has 50 staff however expects to develop to 70 later this yr. InKind provides eating places with needed capital by buying for meals and beverage tickets from the enterprise, permitting the restaurant to repay its mortgage by honoring the meals and beverage tickets. [Inbuilt Austin]

HiddenLayer launched with $6M in seed funding. The cybersecurity startup launched with what it claims is the enterprise’s first and solely machine studying detection and response reply that identifies and prevents cyberattacks in the direction of machine-studying-powered methods. The seed funding spherical was led by Ten Eleven Ventures. [PR Newswire]

austin tech quote of the week

“We presently Do not have particular plans To assemble Presently, however, the Chapter 313 purposes to the State of Texas are An factor of An prolonged-time period planning Method of Samsung To guage the viability Of in all probability constructing further fabrication crops …….

Source: https://www.builtinaustin.com/2022/07/25/austin-tech-news-072522