Austin tech companies made headlines last week with product launches, company rebrands and new venture capital funding. Keep reading to catch up on the news you may have missed last week. This is the Built In Austin Weekly Refresh.
TAU Systems beamed in $15M. TAU System is developing smaller, more affordable particle accelerators to make X-ray free-electron lasers (XFEL) more accessible to researchers. XFEL technology is used to perform molecular or atomic analysis in the fields of biotech, chemistry or materials science. This seed funding will be used to develop an industrial prototype. The company hopes to provide XFEL analysis as a service by 2026 and to start selling XFEL systems as a product by 2027. [Built In Austin]
4M Analytics announced a new Austin headquarters. 4M Analytics will relocate its headquarters from Israel to Austin, where it recently opened an office with five employees. The company, which also raised a $30 million Series A extension in September, is creating a digital map of Texas’ underground utilities so engineers do not have to survey locations manually. [Email]
Austin Tech Quote of the Week
“Verification by phone is frustrating, time-consuming and oftentimes comes to a dead end. PayoffProtect allows us to feel comfortable, allows us to sleep better at night and hopefully reduces a bit of the gray tint in my hair.” — Rachel Petrach, chief closing and compliance officer at Knight Barry Title
CertifID launched PayoffProtect. CertifID is a cybersecurity startup that is working to prevent wire fraud in real estate transactions. Last week, the company introduced a new product, PayoffProtect, which prevents title companies from sending mortgage loan payoffs to imposters. The product was tested in beta by Knight Barry Title, Continental Title Company and Bluegrass Land Title. [Business Wire]
Five Austin companies joined Built In’s Future 5 list of up-and-coming startups. Each quarter, Built In Austin chooses five early-stage startups that are innovating in a unique way. In Q3, we featured the founding stories behind Ceresa, Cottage, Project Venkman, Sigo Seguros and Zeno Technologies. [Built In Austin]
Kazoo + WorkTango rebranded to WorkTango. Austin-based HRtech startup WorkTango briefly rebranded to Kazoo+WorkTango after acquiring Toronto-based Kazoo in April. The company recently rebranded as WorkTango just as it launched a holistic and enhanced version of its employee experience platform. [PR Newswire]