Telestax News

The Strangest Datasets On Data.World | Telestax Raises $4.7M

THE BIG ONE

WillTelestax, an Austin-based company that makes real-time messaging, voice and video apps, has raised a $4.7M funding round that comes on the heels of the launch of the company’s latest communications tool.

In late May, the company, which was founded in Palo Alto, Calif. in 2011, launched the RestcommOne Marketplace, which operates on on Telestax’s cornerstone platform. It lets Telestax’s existing service provider customers sell real-time apps that fit into the RestComOne platform they’re already using with their customers. That means you could move a text message conversation to a call and beyond all within the system.

Telestax plans to use the new funding announced on Monday to expand operational support and market reach. The $4.7M round was led by Austin’s LiveOak Venture Partners. And it adds to an $809,911 seed-stage round led by Pinnacle Ventures in 2015. [More Here]

MAKING MOVES

The Austin Business Journal is reporting that fast-growing logistics startup Arrive Logistics has beefed up its executive team, hiring Blaine Barnett as chief strategy officer and Chelsea Woodhead as executive vice president of people.

Barnett joins Arrive from Illinois-based logistics provider AFN, where he was the company’s president, and Woodhead comes from Austin-based custom sign manufacturer BuildASign.com, where she was its chief people officer. [More Here]

NEW MONEY

According to a Form D filing this morning, Upswing, an edtech platform that helps colleges and universities retain students through technology, raised $3.73M in equity.

IN THE COMMUNITY

Tomorrow, the Austin Business Journal is hosting its latest Face 2 Face meetup at Whole Foods HQ. The event will feature a conversation with the Dell Medical School’s Director of Commercialization Mellie Price, an eight-time entrepreneur who helped grow companies such as SoftMatchCapital Factory and Front Gate Ticketsinto successes before becoming an investor and mentor. [More Here]

This article originally appeared in The AustinInno Beat

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