Archive for July, 2022

Dallas Unicorn Adds Cisco Investments as New Backer

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After raising more than $200 million since its launch in February, Dallas-based enterprise browser platform startup Island announced a new investment by Cisco Investments for an undisclosed amount. Formed in 2020, Island’s enterprise-focused browser is built upon Chromium, which powers

Dallas Startup TestFit Lands $20M for AI-powered Building Configurator Technology

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Co-Founder Clifton Harness says TestFit is the first company to connect pro forma, construction cost, and asset design through building configurator software. The technology allows companies to “de-risk decisions” and log critical time savings when they develop new real estate.

BILT Gets $1.7M Air Force Grant for 3D Instructions App

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Grapevine-based BILT has landed $1.7 million from the USAF’s venture capital fund. The Tactical Funding Increase (TACFI) award builds on its previous SBIR Phase II work with the Air Force. Bilt, the developer of an immersive 3D intelligent instructions app,

Qualia Oto Lands New Funding for Its Mission to Restore Hearing in Patients

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With new funding, Qualia Oto says it’s entering the “next stage of corporate growth” and is one step closer to its mission of restoring hearing to those who have lost it. While not disclosing names of its new backers, the

Fort Worth Biotech Raises $16M

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Publicly traded Fort Worth biotech firm Sanara MedTech, which focuses on surgical and wound care technologies, reported raising $16 million in equity from a single investor, per an SEC filing. Based on previous filings, the company, which trades on the

Dallas Real Estate Startup Raises $5.7M as it Expands

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After moving from Uptown to the Oak Lawn area earlier this year in an effort to quadruple its headcount, real estate tech startup Nada has reported raising more than $5.7 million in equity from 19 investors.

https://dallasinnovates.com/follow-the-money-fort-worth-biotech-raises-16m-vc-firm-raises-25m-for-debut-fund-s2-capital-surpasses-blackstone-as-regions-most-active-multifamily-investor/

Video Game Developer Raises $5.53M

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Wonder Works Studios, an Arlington-based developer of immersive gaming experiences, reported raising more than $5.5 million in two separate SEC Filings. In one, the creator of titles like “Overlook RP” and “TIMMEH” reported raising $2.7 million in options and securities

Quiltt Raises $4M to Increase Engineering Power

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Quiltt, a Dallas-based company offering turnkey consumer fintech infrastructure for small businesses has raised $4M in funding co-led by Greycroft and Newark Venture Partners and including participation by entities like Motivate Ventures, Abstraction Capital, Tectonic Capital and Bridge Investments. Quiltt