Last year was filled with many ups and downs for tech companies across the globe. Despite the hardships, several businesses still raised high-dollar funding rounds. In Austin, the 10 largest funding round were spread amongst tech companies in different industries, including artificial intelligence, climate tech, e-commerce and much more. Some even hit tech unicorn status with valuations well over the $1 billion threshold.
#8. SparkCognition: $123 million, January 25
Austin-based SparkCognition develops artificial intelligence-enabled technology for various industries such as gas, oil and transportation. In January, the company secured $123 million in a Series D round and became a tech unicorn with a valuation of $1.4 billion. The new funding came after SparkCognition acquired several startups. The company also planned to hire 150 employees in 2022.
Read the full article in Built In Austin here.