Want to stay up to date on Austin’s latest startup funding, launches, and expansions? Startup Over Coffee’s weekly roundup of Austin startups to watch will keep you in the loop on the latest Austin tech news. 

Catch up on previous weekly roundups here.

Flash

Flash, an Austin-based startup smart parking solution provider, recently raised $250 million. This funding effort was led by Vista Equity Partners. Flash aims to solve congestion and lack of visibility for parking operators and cities. 

The company plans to use these funds to expand its mobility operating system, payment platforms, and digital services. They also continue to grow, hiring more than 200 employees this year. 

Triumvira Immunologics Inc

Founded in 2015 by Jonathan Bramson, Austin-based clinical-stage company Triumvira Immunologics Inc just announced expanding their series A funding investments to $100 million. 

Triumvira focuses on tumor treatments to help patients with different forms of cancer. Led by CEO Dr. Paul Lammers, Triumvira is working on T cell therapies to treat patients with solid tumors. They plan to use this new funding on preclinical and clinical development of their T cell Antigen Coupler program. 

Triumvira currently has 55 employees based in Austin, with a research facility in Ontario. 

Onuu

Onuu just announced raising $6 million in seed-stage funding to kickstart their financial tech company. Aimed at lower-income consumers, Onuu is an Austin-based startup that provides financial advice. This company will provide savings and credit card products, life insurance, and financial literacy lessons to lower-income communities in a subscription-based model. 

Founded by Felix Ortiz III and Ryan Wuerch, Onuu focuses on inclusivity, employing 60% minorities or women. 

Modern Intelligence

Austin-based startup Modern Intelligence announced raising $5 million in seed round funding. Modern Intelligence focuses on AI for maritime military operations and targeting. 

Their AI platform draws data from drones, satellites, and other sensors on military equipment at sea to help track and target potential enemies, drug traffickers, and fleet combat. Instead of requiring all-new technology, their AI communicates with old systems, allowing existing military systems to track and target enemies. 

Modern Intelligence was founded in 2021 by AI scientist Tristen Tager, software engineer John Dulin, and former CEO of Whiteboard dynamics Joe Cieslik. 

About Lara Tanner: Lara is an Account Associate Intern for Swyft, which is a tech PR firm in Austin and Houston and a top digital marketing and PR agency in Denver since its founding in 2011. Swyft also has a small satellite office where it offers tech PR in San Francisco. Swyft has been listed as one of the top tech PR agencies in Texas for two years running by the B2B services review site, Clutch.co.