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Infocyte cybersecurity startup acquired by Datto
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Infocyte cybersecurity startup acquired by Datto

Infocyte, a cybersecurity startup created by U.S. Air Force veterans in San Antonio, has been acquired by Datto, the world’s leading provider of cloud-based software and technology solutions for delivery by Managed Service Providers (MSPs). Infocyte is a cybersecurity startup specializing in managed detection and response (MDR) tools that detect and prevent cybersecurity threats evading an enterprise's organizational security controls.Datto, Inc. is a cybersecurity and data backup company founded in 2007 in Norwalk, CT. They purchased Infocyte to bolster its ability to protect, detect, and respond to cyber threats found within a client company's endpoints and cloud environments. Infocyte’s patented technologies continuously collect and correlate data to identify potential cyber threats...
Dura Software acquires telehealth software platform SecureVideo
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Dura Software acquires telehealth software platform SecureVideo

Dura Software, a San Antonio-based holding company specializing in acquiring and scaling hyper-niche software products, has acquired its ninth company. The latest to join Dura is SecureVideo, a leading secure software as a service (SaaS) telehealth platform for the healthcare industry. SecureVideo's CEO, Jonathan Taylor, will lead the company as it transitions into the Dura Software portfolio of companies. Based in Alameda, California, SecureVideo will move its headquarters to San Antonio, while its employees (nine, according to LinkedIn) will remain in their current locations.SecureVideo provides a flexible, reliable telehealth technology solution to behavioral health organizations, medical groups, hospitals, physician offices, specialty healthcare organizations, and other medical...
New fintech startup RocketOption helps founders get financing faster
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New fintech startup RocketOption helps founders get financing faster

Serial entrepreneur and startup founder Matt Wilbanks has launched RocketOption, a fintech company that gives business owners a fast way to get debt financing options.RocketOption uses your business metrics — revenue, cost of supporting the product, how fast the company is growing — and matches you with lenders interested in financing a startup."There is a new category of lender that have evolved from the venture capital world," Wilbanks said. "Many don’t take equity in the startups they lend to and they provide loans based on the recurring revenue a startup is generating."Software as a Service or SaaS startups can generate millions in revenue but have little in tangible collateral. To address this financing need, venture lenders who issue revenue-based loans have emerg...
Filestack SaaS startup acquired by Houston-based Idera, Inc.
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Filestack SaaS startup acquired by Houston-based Idera, Inc.

The San Antonio-headquartered Filestack has been acquired by Idera, Inc. for an undisclosed amount Tuesday. Filestack will join Idera’s developer tools business unit, which includes apilayer, Embarcadero, Froala, FusionCharts, LANSA, Sencha, UltraEdit, and Whole Tomato.A market leader in file upload and management services for developers, Filestack’s file hosting and management service helps app developers manage the flow of user-uploaded online content, such as images, videos, and other files. Filestack was founded in 2012 by Massachusetts Institute of Technology (MIT) graduates and acquired in late 2015 by Scaleworks, a San Antonio-based venture equity fund that acquires and operates business-to-business (B2B) software-as-a-service (SaaS) companies.Idera, Inc. is the parent compa...
Geekdom Will Launch New Cybersecurity Accelerator In 2022
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Geekdom Will Launch New Cybersecurity Accelerator In 2022

Geekdom announced Tuesday the launch of a new accelerator program for cybersecurity startups that will debut in 2022. The downtown San Antonio coworking community has partnered with gener8tor, a nationally ranked Wisconsin-based accelerator that invests in high-growth startups, to oversee the new startup program. The gener8tor platform offers more than 40 different programs such as accelerators, corporate programs, speaker series, conferences, upskilling, and fellowships. They operate in 29 U.S. cities, 16 states, and three countries. Troy Vosseller, co-founder and managing director of gener8tor, said the San Antonio program would be open to startups across the U.S. "Talent is growing in cybersecurity and it's growing in downtown San Antonio," San Antonio Mayor Ron Nirenberg said. “A cy...
Turn Medical Automates Patient Prone Positioning for Critical Care
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Turn Medical Automates Patient Prone Positioning for Critical Care

A San Antonio medical device company is coming out of stealth mode to launch its first product for critically ill patients with severe respiratory issues. Turn Medical is commercializing its automated hospital bed that rotates the patient safely and easily to a prone position onto their abdomen.Prone positioning is recommended for critically ill patients with severe acute respiratory distress syndrome (ARDS), which accounts for about 10% of all admissions to intensive care units (ICUs) worldwide. Prone therapy is now considered the standard of care for those with severe ARDS to reduce lung trauma and improve outcomes, especially for those on a ventilator.Tara Psencik, CEO and co-founder of Turn Medical, told Startups San Antonio they are looking to launch its bed, called the Pronov...
How Many Shares Should Your Startup Authorize Upon Launch?
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How Many Shares Should Your Startup Authorize Upon Launch?

José Padilla is an attorney and the owner of Padilla Law PLLC, where he represents startups and investors. His practice focuses on the formation, seed and VC financings, private equity, acquisitions, strategic corporate transactions, and general advisory regarding corporate and financing strategy. New startups often launch with 10 million authorized shares. Founders often ask me, “Why 10 million shares?”Before answering how many shares of stock a new startup should issue, founders must first understand the difference between authorized, issued, and outstanding shares. What is the difference between authorized, issued, and outstanding shares? The number of authorized shares is the maximum number of shares that a corporation is legally allowed to issue to its investors and stockhol...
Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day
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Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day

Thummi, a healthtech startup originally from Brazil, won the $25,000 prize at the VelocityTX Demo Day pitch competition Thursday.Since summer, six early-stage bioscience companies from Texas, Brazil, and Chile have participated in VelocityTX's 16-week BioGlobal Accelerator program. VelocityTX is an innovation center that runs an accelerator program designed to help startups in the medical devices, biotech, and healthcare technology spaces.The founders pitched to five judges and a Tobin Center audience Thursday evening. Mentors, judges, and audience members voted for the six teams using an app. VelocityTX provided the $25,000 in equity-free funding.Thummi's founder and CEO Dr. Alessandra Morelle became an oncologist after her tuberculosis diagnosis at the age of 13. She experien...
Boerne Launches Startup Incubator Program in Public-Private Partnership
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Boerne Launches Startup Incubator Program in Public-Private Partnership

The City of Boerne, Texas, is supporting startups and the region's economic development with plans for a new incubator program to launch in 2022.The nonprofit public-private partnership between the City of Boerne and the recently formed Boerne Kendall County Angel Network or BKCAN is behind efforts to build a local entrepreneurial ecosystem, starting with an incubator program located in the former Boerne Public Works building, next door to the former Boerne City Hall."The 6,700 square foot building is in good shape and it's centrally located," said Amy Story, president and CEO of the Boerne Kendall County Economic Development Corp. "We're focused on creating opportunities for our residents to pursue careers where they grew up in a space where entrepreneurs can build a successful st...
Mind Science Awards $30,000 to BrainStorm Pitch Winner from Stanford Univ.
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Mind Science Awards $30,000 to BrainStorm Pitch Winner from Stanford Univ.

Mind Science, a San Antonio-based nonprofit organization, announced the winner of its virtual 2021 neuroscience pitch competition Wednesday evening. Ben Rein, a Stanford University neuroscientist, won the first-place prize of $30,000 for his research on how social development impacts brain development.Launched in 2018, the BrainStorm Neuroscience Pitch Competition is designed for early‐career neuroscientists teamed with senior primary investigators. The equity-free funding helps support pilot studies so young researchers can demonstrate a proof of concept when applying for grants that can support further investigation. Rein's Ph.D. dissertation focused on autism and the brain.  The researcher was "studying genetic risk factors for autism, but now I'm focused on how social experienc...