Austin Technology Incubator ‘Graduates’ Raise $220 M
ATI to Graduate 19 Companies Sept. 7 at AT&T Center
AUSTIN, Texas (August 23, 2016) — The Austin Technology Incubator (ATI) will celebrate the 19 “graduate” companies that have successfully completed its clean energy, IT/wireless, and biosciences programs on Sept. 7, 2016 at the AT&T Executive Education & Conference Center.
ATI, the startup incubator for the University of Texas at Austin, and a part of the university’s IC² Institute, has a 27-year track record of helping early stage technology companies achieve success in the capital markets. Over the past decade, ATI companies have added nearly $1 billion in economic value to the Austin area, creating approximately 7,000 jobs and generating more than $20 million in local tax revenue.
The 19 companies comprising the 2016 graduating class have collectively raised more than $220 million and have already recorded one IPO and two eight-figure mergers and acquisitions.
Wells Fargo is the lead sponsor for the graduation event, which will open with a cocktail reception to be followed by remarks from Austin Mayor Steve Adler, a recognition of the graduating companies, and a presentation of the Laura J. Kilcrease Award for Civic Entrepreneurship in honor of ATI’s founding director.
The 2016 graduating class includes:
- Admittance Technologies — an instrumentation design company with algorithms and associated hardware to enhance the performance of cardiac devices, including pacemakers.
- Aeglea BioTherapeutics (NASDAQ:AGLE) — a biotechnology company founded in 2013 committed to developing enzyme-based therapeutics in the field of amino acid metabolism to treat rare diseases and cancer.
- Alafair Biosciences — an emerging medical device company developing a novel suite of products based on a non-cell adhesive hydrogel technology that protects and manages advanced wound healing.
- AptamiR Therapeutics — a biotechnology company founded in 2012 with a revolutionary approach to cure obesity by converting fat-storing adipocytes into fat-burning adipocytes.
- Bractlet — a clean energy company offering the most advanced commercial building energy analysis platform to accurately forecast savings from energy efficiency projects.
- Circle Media — an IT/wireless company with data management and software solutions for the sports and entertainment industries.
- Curtana Pharmaceuticals — a preclinical-stage biopharmaceutical company developing small molecule therapeutics for cancer stem cells for the treatment of glioblastoma multiforme (GBM) and other brain cancers.
- Cyfeon — an IT/wireless company specializing in financial services compliance automation.
- EyeQ — an IT/wireless company providing shopper-aware and responsive in-store displays.
- InXero — an IT/wireless company providing a digital marketing hub for the indirect sales channel that helps distribution-centric businesses attract new customers and increase sales.
- JR Thermal — a clean energy company offering novel technologies for heat transfer and thermal energy.
- Lumos Pharma — a clinical-stage biotechnology company dedicated to developing a treatments for rare and neglected diseases, including Creatine Transporter Deficiency (CTD).
- Lynx Laboratories — this maker of mobile 3-D scanning technology (acquired by Occipital).
- Macrolynk — an IT/wireless company offering a social media platform to connect supply chain managers and suppliers.
- The Magazine Channel — an IT/wireless company with a platform to pull niche content from different magazines into easy-to-navigate topics that fit customer interests.
- Ridescout — this clean energy company with a mobile platform that aggregates user-specific public, private, and social transportation options was acquired by Daimler’s Moovel Group.
- Riskpulse — an IT/wireless company offering the market’s most sophisticated weather guidance in a one-stop shop to optimize clients’ weather-influenced trades and transportation.
- Seismos — a clean energy company that monitors oil and CO2 flow in reservoir in real time.
- Structured Polymers — an IT/wireless company is the world’s first colored ink manufacturer for industrial 3D printers.
About the Austin Technology Incubator
The Austin Technology Incubator, a program of the IC² Institute, is the startup incubator of The University of Texas at Austin. Since its founding in 1989, ATI has harnessed business, government and academic resources to provide strategic counsel, operational guidance and infrastructure support to its member companies to help them transition from early stage ventures to successful technology businesses. Over the past decade ATI companies have raised more than $890 million in investor capital and added nearly $1 billion in economic value to the Austin area, creating approximately 7,000 jobs and generating more than $20 million in tax revenue. For more information, visit ati.utexas.edu.