Month: April 2021

Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises Series A Funding for Traumatic Brain Injury Device

Head injuries — whether from a fall, car accident, during sports, or on the battlefield — can happen to anyone at any time, causing a traumatic brain injury (TBI). According to the National Institute of Neurological Disorders and Stroke, little can be done to reverse the initial brain damage caused by swelling after head trauma. That's why one San Antonio medical device company is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain. Renovo Concepts is commercializing its Mechanical Tissue Resuscitation (MTR) device. Surgeons use the device to prevent the secondary impacts from reduced blood flow and tissue death caused by inflammation in cases of severe traumatic injuries to the brain, heart, and spine. The Mechanical ...
Plus One Robotics Raises $33M for Expansion into Global Markets
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Plus One Robotics Raises $33M for Expansion into Global Markets

Plus One Robotics, a San Antonio-based leading provider of vision software for logistics robots, closed a $33 million Series B funding round Tuesday. The funding will support Plus One’s ongoing expansion in the U.S. and Europe and product development driven by the global boom in e-commerce. McRock Capital, an industrial Internet of Things (IoT) fund and early-stage Silicon Valley venture capital firm TransLink Ventures, co-led the round. Existing investors joined automotive industry-focused BMW i Ventures and Kensington Capital Partners, along with innovation investors Perot Jain and Ironspring Ventures, to participate in the Series B round. Whitney Rockley of McRock Capital and Toshi Otani of TransLink will join Plus One's Board of Directors. The fundraising started just before t...
Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics
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Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics

An engineering graduate has gone from a prototype bionic hand to pre-seed funding to produce an affordable medical device for the market in less than a year. Alt-Bionics announced Friday a $25,000 investment from Alamo Angels, a San Antonio-based accredited angel investor network. The funding gets Alt-Bionics closer to helping thousands of individuals access one of the most inexpensive prostheses available in the marketplace. "Alt-Bionics mission is to create highly affordable prosthetic devices for below-elbow amputees," founder and CEO Ryan Saavedra said. "We plan to expand our line of prosthetics over time to produce bionic upper and lower extremities." The University of Texas at San Antonio (UTSA) electrical engineering graduate's robotic hand won second place at the univ...
Trinity University Virtual Stumberg Venture Competition Selects 5 Finalists
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Trinity University Virtual Stumberg Venture Competition Selects 5 Finalists

Ten Trinity University student entrepreneur teams pitched business ideas to judges via a Zoom video call Monday evening in the seed round of the annual Louis H. Stumberg Venture Competition. Trinity University president Danny Anderson said the venture competition enables "students to thrive as they express their creativity" while building new businesses. The five finalists pitched "Shark Tank-style" their ideas for wide-ranging businesses, from social justice to bioscience, art, and esports. Commuv founders Jalen White ‘23 and Michael Marquez ‘22 came up with the idea to develop software that connects police officers and drivers during low-level traffic stops via short-range technology and a mobile application. Using an app can help reduce the need for direct contact during traffic sto...
Soilworks Launches Grassroots Carbon, a Carbon Credit Company
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Soilworks Launches Grassroots Carbon, a Carbon Credit Company

Soil Value Exchange and PastureMap merged Thursday to create Grassroots Carbon, the latest company Soilworks Natural Capital is launching. Grassroots Carbon is a public benefit limited liability company that provides certified soil carbon storage credits for organizations or individuals buying credits to offset greenhouse gas emissions. Grassroots Carbon sells its credits by working with ranchers and farmers using regenerative farming practices that help the soil capture more carbon. Soilworks Natural Capital founders Lew Moorman and Ed Byrne, who also launched software company Scaleworks, have been investing in, acquiring, and incubating companies that accelerate the adoption of regenerative land management, a system of farming principles and practices that increases biodiversity, ...
IMG Studio Wins Air Force Contract for Video Game Training
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IMG Studio Wins Air Force Contract for Video Game Training

The U.S. military is leveraging video gaming to recruit young people, not just train them once they join military service.  That need for engaging video content presented an opportunity for The IMG Studio. The San Antonio-based company won a U.S. Air Force Phase I Small Business Innovation Research (SBIR) contract to develop a flight simulation video game for the Air Force to train and recruit its personnel. Owned by Emmy Award-winning documentary filmmaker Heather Chandler, the video and software development company proposed building a physics-based video game that goes beyond the simulated video game training environments often used to train military personnel. The San Antonio-based company specializes in software and video game development that frequently incorporate advanced virtual...
Port San Antonio Innovation Center on Track to Open by Early 2022
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Port San Antonio Innovation Center on Track to Open by Early 2022

On an overcast Monday morning, Sundt Construction crew members installed large 40-foot concrete walls into place for the Port San Antonio innovation center. Port San Antonio CEO Jim Perschbach confirmed the new facility would open by February or March of 2022.   Port San Antonio board members committed $60 million in August 2020 to build a state-of-the-art facility that will connect people with employment, educational, and entrepreneurial opportunities. The 130,000 square-foot innovation center will be a multi-purpose building with a 2,500-seat state-of-the-art technology arena capable of flexible configurations for hosting esports (competitive multiplayer video gaming) competitions, concerts, product launches, large training programs, and conferences. The expanded home for the San Anton...