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MedCognition positions for explosive growth in AR medical training
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MedCognition positions for explosive growth in AR medical training

Augmented reality (AR) can add a degree of realism to medical training, allowing students to feel like they are performing a procedure in real-time. Add in the COVID-19 pandemic, and it's understandable why on-demand medical training methods that reduce travel to training venues are on the rise.That's why San Antonio-based MedCognition is gaining traction with its users. The startup has a portable system that provides highly-realistic, clinically intuitive medical simulation training. Called PerSim, the startup's AR medical patient simulator leverages the holographic capabilities of the Microsoft HoloLens headset. The system is ultraportable for use in nearly any environment for in-place medical training.Physician and former medical training director Kevin King founded MedCognition...
Transect helps developers reduce infrastructure project backlog
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Transect helps developers reduce infrastructure project backlog

A water main breaks every two minutes in the U.S.Bridge collapses, dams past the end of service life, deteriorating public roadways and more reflect the poor condition of America's infrastructure, according to the American Society for Civil Engineers (ASCE). Their most recent annual comprehensive assessment of the nation’s 17 major infrastructure categories in the ASCE’s Infrastructure Report Card show the U.S. overall infrastructure grade is a borderline failing C-.One San Antonio startup has been working to address the massive number of U.S. infrastructure projects requiring permits, thanks to its streamlined technology solution. Transect streamlines the environmental due diligence process for developers working in the energy, infrastructure, and real estate industries.The T...
Fintech FloatMe closes $16.2 M Series A funding
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Fintech FloatMe closes $16.2 M Series A funding

FloatMe announced Monday it has closed $16.2M in Series A funding to help fuel the fast-growing fintech startup's expansion. Led by Foundry Group, the funding round had participation from ManchesterStory, San Antonio-based Active Capital, Samsung Ventures, and notable fintech leaders including Michal Cieplinski from Pipe, Jordan Wright from Atomic, and John Henry from Loop."The commitment and focus that FloatMe has towards solving a very real problem for millions of Americans and serving their members in ways that support their immediate and longer term needs really resonated," said Seth Levine, Managing Director at Foundry Group. "Coupled with their impressive growth since launch and their thoughtful and differentiated product roadmap, we couldn't be more thrilled to have them in our ...
Raising capital for your startup? Here’s a funding checklist
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Raising capital for your startup? Here’s a funding checklist

Matthew Duke is a San Antonio-based transactional business attorney specializing in mergers and acquisitions. He (and law clerk Connor McQuage, a student at St. Mary’s School of Law) shares a checklist for startups looking for funding. Follow Duke on Instagram, Facebook, and LinkedIn as @Stxbusinesslawyer and @STXbusinesslaw on Twitter.Getting funding for your business can be a daunting task. You’ll be quizzed by funding sources with no guarantee of an agreement. Investors will ask for equity in your business, and lenders will pressure you with interest.Lawyers like me and financial professionals can negotiate every detail of your proposed deals, but where should a founder focus if your startup needs funding? This simplified six-step checklist can guide you through the most signifi...
Healthtech startup Orchid launches at-home fertility testing
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Healthtech startup Orchid launches at-home fertility testing

Once Allison and Brandon Harding decided they were ready to have a baby, they quickly realized how challenging it would be to learn if they were both able to conceive."During the pandemic, we started talking about starting a family," Allison said. "I asked my OB-GYN if there are any tests we can take to make sure we're ready to start a family. He advised us not even to bother purchasing at-home tests because they weren’t able to provide accurate results or recommendations for what to do based on those results."The couple launched Orchid, a health tech startup that helps men and women access accurate fertility testing technology at home. Users can order fertility testing kits online, which come with educational resources that explain fertility testing results in easy-to-understand t...
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...