Roundup: Compare Metrics, Zebra Imaging & Cypress Raise New Funds

5/14/14Follow @angelashah

A rare cool front has blown through Texas—it’s in the low 60s and breezy in Houston in mid-May—so here’s a quick-and-dirty roundup of innovation news so you can spend the rest of your time outside and enjoy the weather.

Compare Metrics in Austin, TX, announced it had completed a $3.8 million fundraise Wednesday. The company, which has a software platform that it says helps retailers better connect with their customers, has raised a total of $8 million since its founding in 2012. Investors included Austin Ventures, Julie Allegro of Allegro Venture Partners, and Bob Greene of Contour Ventures.

Cypress Growth Capital, a Dallas-based investment management firm, said last week it had raised a $50 million royalty-based fund.  The firm said it was looking to make investments in the $1 million to $5 million range in technology companies with revenues of $3 million to $20 million.

Zebra Imaging last week completed a $5 million fundraise. The Austin, TX-based company, founded in 1996, produces technology that allows 3-D images to be seen without special glasses. Its first customers were in the automotive industry and the company has since branched out into military and retail applications.

Angela Shah is the editor of Xconomy Texas. She can be reached at ashah@xconomy.com or (214) 793-5763. Follow @angelashah

By posting a comment, you agree to our terms and conditions.