Austin Startup Fundings: May 2019

It comes as no surprise to anyone, but Austin startups have yet again received millions of dollars in venture capitalist funding during May of 2019. Below are the tech startups in Austin, according to, that should be celebrating all year long!

1.  Overhaul

  • Funding Date: May 9, 2019
  • Funding Amount: $7M
  • Funding Type: Venture – Series Unknown
  • Website:
  • Address: 6801 N Capital of Texas Hwy Suite 225, Austin, TX 78731

Overview From Their Profile: “The first real-time visibility & risk management system designed to bring compliance to the trucking industry.”

2.  Vybe Software

  • Funding Date: May 13, 2019
  • Funding Amount: $250,000
  • Funding Type: Pre-Seed
  • Website:

Overview From Their Profile:Initiating productive conversations between man and machine.

3.  Keystone Bank

    • Funding Date: May 14, 2019
    • Funding Amount: $31M
    • Funding Type: Venture – Series Unknown
    • Website:
    • Address: 11500 Bee Caves Road, Suite 150, Austin, TX 78738

Overview From Their Profile:Keystone Bank provides a vast array of services to companies of all sizes. From business checking and savings accounts to a range of financing options.”

4.  Novi Labs

    • Funding Date: May 15, 2019
    • Funding Amount: $7M
    • Funding Type: Series A
    • Website:
    • Address: 1905 Aldrich Street, Suite 220, Austin, TX 78723

Overview From Their Profile: “Novi builds artificial intelligence driven business applications that help the Oil & Gas industry optimize the economic value of drilling programs.

Discover pre-drill insights in production, completions and geological data. Their machine learning and advanced analytics software is designed for petroleum engineers to optimize shale field development planning. Experiment with data, not the drill bit.

5.  Upswing

    • Funding Date: May 20, 2019
    • Funding Amount: $2M
    • Funding Type: Ventures – Series Unknown
    • Website:
    • Address: 210 Barton Springs Road,Suite 100, Austin, TX 78704

Overview From Their Profile: “Upswing is redefining what it means to support student success. We partner with colleges to provide an easy-to-use virtual learning center for students, and real-time comprehensive analytics to their administrators. Each day, over 250,000 students have 24/7 access to live tutoring, advising, and mentoring via Upswing. Sessions take place within Upswing — complete with audio, video, document sharing, and a virtual whiteboard.

Each session is recorded, aggregated, and reported back to admins so they can become equipped with the tools necessary to help fight student attrition. The data science behind our sessions enables early alerts and predictive measures to better ensure student success.

With just a little more than two years under our belt, already more than 500,000 students now have access to Upswing, and this is just the beginning of the impact that we’re planning to make.”

6.  Interplay Learning

    • Funding Date: May 21, 2019
    • Funding Amount: $5.5M
    • Funding Type: Series A
    • Website:
    • Address: 1400 W 5th St, Austin, TX 78703

Overview From Their Profile: “Interplay Learning develops online digital learning and testing products for students and professionals to build career skills and technical aptitude. Interplay’s specialty is 3-D interactive life-like simulation which allows a learner to accelerate practical understanding and application. Interplay products can be found in education, government, career certification and industry.”

7.  THG Energy Solutions

    • Funding Date: May 22, 2019
    • Funding Amount: $4M
    • Funding Type: Seed
    • Website:
    • Address: 811 Trinity Street, Suite B, Austin, TX 78701

Overview From Their Profile:THG Energy creates cost-savings, conserves resources, and lowers client’s risk through actionable energy analytics, sustainability reporting, and automated energy management. THG’s core team comes from diverse backgrounds in energy marketing, building controls, engineering, and data management. THG’s clients and industry partners benefit from our broad range of expertise, and our ability to take on projects with the customer’s best interest in mind.”

8.  MAP Health Management

    • Funding Date: May 23, 2019
    • Funding Amount: $Undisclosed
    • Funding Type: Series A
    • Website:
    • Address: 1114 Lost Creek Blvd., Fifth Floor, Austin, TX 78746

Overview From Their Profile:MAP provides telehealth services, extended treatment support programs and revenue cycle management to a client base of nationally recognized addiction treatment providers and behavioral health professionals.

From its inception in 2011, MAP’s mission has been to improve the outcomes of the millions of people treated for addiction and behavioral health illnesses and reduce healthcare expense while doing so. MAP is recognized as the leader of data-driven technology for the behavioral health field and empowers clients with tools to collect, analyze, and demonstrate treatment outcomes using advanced technologies. MAP endorses the practice of extending the continuum of care for patients with chronic diseases based on studies and empirical data that have shown this approach to be most effective in maintaining long-term recovery.”

9.  Phlur

    • Funding Date: May 29, 2019
    • Funding Amount: $Undisclosed
    • Funding Type: Series A
    • Website:
    • Address: 2400 E. Cesar Chavez St., Suite 320, Austin, TX 78702

Overview From Their Profile:Based in Austin and founded in 2015, PHLUR is reimagining fragrance from scent inspiration to production to purchase. Made by and for uncompromising people, the inaugural line of products was created with a unique balance of premium ingredients and environmentally responsible practices. And with an immersive digital experience, each scent is explored through visual narratives that represent the inspiration and feeling of the fragrances. Since the line was specifically designed for skin and not strips of paper, PHLUR has introduced a novel sampling process that lets customers audition the scents in their real lives, the way it should be. All to help share the love of fragrance.

10.  Backtracks

Overview From Their Profile:Backtracks is an audio oriented highly technical team that have worked on 30+ albums, voted in the Grammy Awards, worked on NASA space station software, hold multiple patents, built massive e-commerce and payments systems (for the likes of Dell, American Express, Visa, etc.), and tell horrible puns that are so bad you start to think they’re funny.

11.  TFF Pharmaceuticals

    • Funding Date: May 30, 2019
    • Funding Amount: $8.2M
    • Funding Type: Series A
    • Website:
    • Address: 2801 Via Fortuna, Suite 425 Austin, Texas 78746

Overview From Their Profile:TFF Pharmaceuticals, Inc., an early-stage biopharmaceutical company focused on developing and commercializing innovative drug products for the treatment of lung diseases and conditions. TFF Pharmaceuticals has generated numerous formulations for faster and more complete dry powder delivery to the lungs.

12.  Agara Labs

  • Funding Date: May 31, 2019
  • Funding Amount: $2.5M
  • Funding Type: Seed
  • Website:

Overview From Their Profile:Deep learning powered predictive customer support solution.

Share this post:

Share on facebook
Share on twitter