June 26, 2022

Mythic seized $70 million, new Literati book clubs and more

photo: mythical / facebook

These companies are growing and taking new initiatives, some in a more literal sense than others. Find out which tech company is moving to Austin right now and which innovations are getting funded recently. This is Built In Austin’s weekly refresh.

Literati added new book clubs. The online literary platform offers subscription-based book clubs for readers of all ages. He announced the addition of clubs hosted by a wide range of authors, including Roxane Gay, Elin Hilderbrand, Austin Kleon, Kelly McGonigal, Cheryl Strayed and Jesmyn Ward. Registration is currently open for these clubs ahead of their launch on June 1. The company last raised a $40 million Series B funding round in January. [PR Newswire]

Mythic got $70 million. After closing its C-series of investors like BlackRock and Hewlett Packard, Mythic is looking to ramp up production and grow its team across a variety of positions. It offers a hardware and software platform that makes it simpler and more cost-effective to use AI in everything from drones to smartphones to video surveillance. [Built In Austin]

Austin Tech Quote of the Week

“‘Dude, this is how it always should have been.’ This is the experience our customers have when they use AnthemIQ. It’s so much better than the traditional method of sending emails and PDFs and making multiple phone calls and then the data is outdated. —Kenny Tomlin, co-founder and executive chairman of AnthemIQ

AnthemIQ raised $10 million. Its end-to-end platform serves tenants, listing agents and landlords by simplifying the transaction management process. With capital from its Series A round led by Staubach Capital, AnthemIQ plans to add new features to its platform and hire up to 50 new additions to its team. He currently has open roles in engineering, product, design, sales and more. [Built In Austin]

Austin FC launched a startup competition. The football club is teaming up with fintech company Q2 and non-profit organization DivInc to organize the Dream Starter Competition. It aims to support underrepresented entrepreneurs in the Central Texas region. The contest is accepting entries until May 18, and the winner will receive $100,000 for their startup. [Built In Austin]

Green Dot moves to Austin. Another tech company heading to the Lone Star State is prepaid debit card provider Green Dot. The fintech plans to move its headquarters from its former home in Pasadena by the end of this year. It plans to invest in its four corporate centers, including coworking spaces in California, Florida and Ohio, as it remains a permanently remote workplace. [CultureMap Austin]