Phantom Neuro’s $6M Raise, Shipwell’s New Partnership, and More Austin Tech News – LLODO



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Fresh funding, partnerships and personnel moves are just a few of the developments coming from the Austin tech world last week. Keep reading to catch up on the tech news you may have missed. This is the Built In Austin Weekly Refresh. 

Phantom Neuro raised $6M. Phantom Neuro is developing technology to give amputees lifelike control of prosthetic limbs. The company’s implantable sensor translates electrical signals from muscles, sends them wirelessly out of the body and then decodes the signals into movements that are enacted by the prosthetic limb. [Built In Austin]

First Dollar partnered with DriveWealth. First Dollar’s technology allows health plans, financial institutions and third-party administrators to provide HSAs and other health benefits with its Health Wallet platform. This new partnership will allow HSA users to buy fractional shares of stocks, as well as equities and ETFs from that same Health Wallet. [Built In Austin]

austin tech quote of the week

“We’re the first company that can understand Spanish speakers from click to sale to claim.” — Nestor Solari, co-founder and CEO of Sigo Seguros

Sigo Seguros was featured in Built In’s Future 5. The Austin startup launched its auto insurance platform for Spanish-speaking customers in Texas last year and plans to expand to other states in 2023. In addition to onboarding customers entirely in Spanish, the mobile-first platform does not require a credit score or a U.S. driver’s license to enroll in auto insurance. [Built In Austin]

Hyliion appointed a new CFO. Hyliion, an Austin company that provides electric powertrain systems for commercial semi-trucks, appointed Jon Panzer to replace Sherri Baker as CFO. Panzer worked for 26 years at Union Pacific Railroad Company, where he most recently served as senior vice president of intermodal operations. [Transport Topics]

Shipwell partnered with NMB Solutions. Shipwell, an Austin company that uses AI and cloud computing to automate and optimize supply chains, partnered with NMB Solution to bring its Transportation Management System to Microsoft Dynamics 365. The two platforms integrate seamlessly, according to the companies, enabling clients to automate, optimize and streamline their supply chains. [Business Wire]

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