Austin-based audio company Backtracks has secured $2.1 million in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced May 30 and led by Moonshots Capital.
According to its Crunchbase profile, "Backtracks is an audio-oriented, highly technical team that have worked on 30+ albums, voted in the Grammy Awards, worked on NASA space station software, hold multiple patents, built massive e-commerce and payments systems (for the likes of Dell, American Express, Visa, etc. ), and tell horrible puns that are so bad you start to think they're funny."
The company also raised a $100,000 seed round in 2018.
The round brings total funding raised by Austin companies in data and analytics over the past month to $4.3 million. The local data and analytics industry has produced 63 funding rounds over the past year, capturing a total of $542 million in venture funding.
In other local funding news, health care company MAP Health Management announced a Series A funding round on May 23, financed by Triton Pacific Capital Partners.
According to Crunchbase, "MAP provides telehealth services, extended treatment support programs and revenue cycle management to a client base of nationally recognized addiction treatment providers and behavioral health professionals. From its inception in 2011, MAP’s mission has been to improve the outcomes of the millions of people treated for addiction and behavioral health illnesses and reduce healthcare expense while doing so. MAP is recognized as the leader of data-driven technology for the behavioral health field and empowers clients with tools to collect, analyze and demonstrate treatment outcomes using advanced technologies."
The company also raised a $25 million Series A round earlier this year.
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