TX Roundup: New Money, Texas Venture Labs, Aceable, & Roverpass

The new year is progressing at a rapid pace, as are Texas’s innovators. Here’s the latest on new products, a shout-out to Houston and Austin as meccas of STEM jobs, and a slew of fresh money being invested into startups.

—Got a traffic ticket? Aceable in Austin, TX, says you can now take a defensive driving class on your iPhone via its app. The startup also offers driver’s ed.

—The Geekdom Fund in San Antonio has raised $3 million to invest in tech startups, Silicon Hills News reported this week.

—Move over Silicon Valley, Houston and Austin top a new survey of best places to land a job in science, technology, engineering, and math (STEM).

—RideScout CEO Joseph Kopser—West Point graduate and U.S. Army veteran—has established a veteran-focused incubator in Austin.

—Austin’s Roverpass wants to become the Kayak for campers.

Texas Venture Labs at the University of Texas at Austin has hatched some of the state capital’s successful recent startups.

—Billionaire entrepreneur Mark Cuban will emcee South By Southwest’s first pediatric health pitch contest.

Texas startups also began the new year with welcome injections of new cash:

Wireless Seismic, a suburban Houston company that uses seismic imaging to pinpoint the size and location of underground oil and gas formations, has raised $10.2 million in equity funds.

Alert Logic, a Houston-based provider of cloud security, raised an equity round of $4.2 million.

—Austin’s Appconomy, which makes a smart shopping app, has raised $9 million. The startup has a special focus on the retail market in China.

Neos Therapeutics, a Dallas-area biotech that is making a drug for a controlled release of ADHD medications, has raised $8 million in equity financing.

Finally, let’s take one more look back at 2014.

Author: Angela Shah

Angela Shah was formerly the editor of Xconomy Texas. She has written about startups along a wide entrepreneurial spectrum, from Silicon Valley transplants to Austin transforming a once-sleepy university town in the '90s tech boom to 20-something women defying cultural norms as they seek to build vital IT infrastructure in a war-torn Afghanistan. As a foreign correspondent based in Dubai, her work appeared in The New York Times, TIME, Newsweek/Daily Beast and Forbes Asia. Before moving overseas, Shah was a staff writer and columnist with The Dallas Morning News and the Austin American-Statesman. She has a Bachelor's of Journalism from the University of Texas at Austin, and she is a 2007 Knight-Wallace Fellow at the University of Michigan. With the launch of Xconomy Texas, she's returned to her hometown of Houston.