Reporting on San Antonio’s Startups

Peterson Partners provides $50M in growth capital for Dura Software

4Apr

By Iris GonzalezNo Comments

Peterson Partners provides $50M in growth capital for Dura Software

Dura Software, a San Antonio-based holding company specializing in acquiring and scaling hyper-niche software products, has secured up to $50 million in investment from Peterson Private Equity.Peterson Partners is an independent investment firm with over $2 billion under management across private equity and venture capital. Peterson Partners has invested in more than 250 companies across a wide range of industries, including Allbirds, Vivint, Packsize, Lucid Software, and Azul.Dura is an entirely new type of software-focused company that acquires and operates B2B (business-to-business) software companies with the intent never to sell them. Founded by Paul Salisbury, Dura's CEO, San Antonio entrepreneur Michael Girdley, executive chairman, and chief financial officer Chris Burney, ...

Allosense joins TechStars Industries of the Future Accelerator

4Apr

By Iris GonzalezNo Comments

Articles, Featured

Allosense joins TechStars Industries of the Future Accelerator

Allosense, a San Antonio advanced technology startup producing advanced sensors and measurement solutions, announced Tuesday it would join the Techstars Industries of the Future program. This TechStars accelerator program supports world-class startups working on emerging technologies across industries, including artificial intelligence, advanced manufacturing, quantum information science, 5G/advanced wireless technology, biotechnology, and clean energy technology.Allosense is one of 10 startups selected for the second class of the Techstars Industries of the Future Program. Only 1% of applicants are chosen to be invited to the Techstars program.“I’m looking for breakthrough technologies that have the potential to change the world,” said Tricia Martinez, managing director of Techsta...

gener8tor startup Blocmount aims to protect industrial control systems

20Mar

By Iris GonzalezNo Comments

Articles, Featured

gener8tor startup Blocmount aims to protect industrial control systems

It’s not your imagination – cyber breaches in industrial control systems are rising.In February 2021, a hacker gained access to the computer system at the Oldsmar water treatment plant in Florida and briefly increased the level of sodium hydroxide in the water to a dangerous level. The breach was quickly detected, and no one was harmed, but it highlighted the vulnerability of critical infrastructure systems to cyber attacks. In May of the same year, the Colonial Pipeline, which supplies fuel to much of the eastern United States, was hit by a ransomware attack that forced the company to shut down its pipeline for several days. The attack caused widespread fuel shortages and panic buying in many parts of the country.These attacks represent the growing need for an innovative solut...

Allosense debuts new data fabric tech at SXSW

14Mar

By Iris GonzalezNo Comments

Articles, Featured

Allosense debuts new data fabric tech at SXSW

Allosense, a technology startup specializing in advanced sensors and measurement solutions, debuted a new product at SXSW this year. Allosense’s new data fabric technology called Dash has the potential to revolutionize how data is collected, analyzed, and shared in industries ranging from aerospace to healthcare.Data fabric technology is a way of managing data that combines different types of information from various sources, such as cloud, on-premises, and edge devices, into one centralized location. This technology enables data integration in real-time and at a large scale for analytical and operational purposes.Data fabric also helps to standardize data management practices, making it easier to access and analyze data consistently across different endpoints. With data fabric, b...

Hiring a Part-time or Fractional CTO for Your Startup

14Mar

By Iris GonzalezNo Comments

Articles, Featured, Guest Posts

Hiring a Part-time or Fractional CTO for Your Startup

Brandon Howard founded his software development agency Zelifcam to help businesses with software development, project management, and information technology. He discusses how startups can leverage a part-time or fractional chief technology officer.Have you considered hiring a fractional CTO?Starting a new business can be an expensive undertaking. One of the high costs can be hiring a full-time Chief Technology Officer (CTO). Some tech startups need a CTO in the early building stage of the company but decide to do without one and struggle as a result. A Fractional CTO is an experienced technology executive who can deliver high-impact advice to startups that may not need a full-time executive but are looking for help in a specific area of expertise. Fractional CTOs have a wea...

New Dominion Enterprises wins $2.2M in two Air Force SBIR awards for battery innovation

8Mar

By Iris GonzalezNo Comments

Articles, Featured

New Dominion Enterprises wins $2.2M in two Air Force SBIR awards for battery innovation

A San Antonio startup has received two Air Force funding awards for its proprietary battery additive that makes batteries safer and longer lasting.New Dominion Enterprises, Inc. (NDE), an energy technology company, won two direct-to-Phase Two Air Force Small Business Innovation Research (SBIR) contracts from the Air Force AFWERX program for its battery additive innovation in February. The Air Force’s program office that oversees commands using tactical radios has signed a memorandum of understanding with New Dominion. NDE was awarded $1.25 million over 21 months to develop improved wearable batteries and $962.5 million over 14 months for improved battery packs for tactical radios. New Dominion is commercializing inorganic electrolyte materials that stabilize organic lithium-ion...

Plus One Robotics raises $50M Series C for parcel robotics vision tech

7Mar

By Iris GonzalezNo Comments

Articles, Featured

Plus One Robotics raises $50M Series C for parcel robotics vision tech

Plus One Robotics, a San Antonio-based leading provider of advanced AI vision software and solutions for robotic parcel handling, closed a $50 million Series C funding round Tuesday. Scale Venture Partners led the round, with participation from Top Tier Capital Partners, Tyche Partners, and ROBO Global Ventures, along with previous investors.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. The Series C brings the San Antonio-based startup’s total funding up to $94 million to date, which includes their $33 million Series B funding in 2021.Plus One co-founders Nieves, Shaun Edwards, and Paul Hvass have combined several advanced technologies to automate warehouse operations for e-commerce comp...

VelocityTX signs UT Health San Antonio agreement to run TechNovum accelerator

21Feb

By Iris GonzalezNo Comments

Articles, Featured

VelocityTX signs UT Health San Antonio agreement to run TechNovum accelerator

VelocityTX, a San Antonio-based nonprofit innovation center, has signed an agreement with UT Health San Antonio (UTHSA) to run UT Health's TechNovum accelerator program. The TechNovum accelerator program launched in 2019 to support UT Health investigator entrepreneurs interested in commercializing their inventions. Read: UT Health San Antonio Launches New Accelerator for Researchers The contractual agreement outlines VelocityTX's compensation and responsibilities for executing UT Health's program. UT Health will help VelocityTX source program participants with continued support from John Fritz and Sean Thompson of UT Health's Office of Technology Commercialization. TechNovum's second cohort will run from March 20 to April 28 at VelocityTX. Demo Day will be held on April 26 on UT Health'...

SBIR Advisors lands $50M in military contracts for San Antonio businesses

1Feb

By Iris GonzalezNo Comments

Articles, Featured

SBIR Advisors lands $50M in military contracts for San Antonio businesses

The military contracting company forecasts roughly $200M in DoD contracts in 2023.SBIR Advisors helped five advanced technology companies in San Antonio — Braingu, Knight Aerospace, Elevate Systems, Renu Robotics, and Forward Edge — win almost $50 million in non-dilutive Small Business Innovation Research (SBIR) funding in 2022.SBIR Advisors also worked to win an additional $4.6 million for a nonprofit group of research institutions that includes The University of Texas at San Antonio’s (UTSA) National Security Collaboration Center. The San Antonio-based military contract consulting company has been instrumental in connecting innovators to the Department of Defense since its launch in late 2020.“Our clients are on track to secure $200 million in Department of Defense contracts ...

Turn Medical partners with U.S. Med-Equip to widen access to innovative hospital bed

25Jan

By Iris GonzalezNo Comments

Articles, Featured

Turn Medical partners with U.S. Med-Equip to widen access to innovative hospital bed

The San Antonio medical device company Turn Medical has partnered with the national provider of rented medical equipment US Med-Equip (USME) to widen access to the startup's first product for critically ill patients with severe respiratory issues. The partnership accelerates hospitals’ access to Turn Medical’s Pronova-O2 Automated Prone Therapy System, an automated hospital bed that rotates patients to a prone position onto their abdomen. The bed provides an effective and efficient way for clinicians to move patients into the prone position safely and easily. 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 consi...