Austin-based collaboration and insurance company Liveoak Technologies has secured $8 million in Series A funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced June 4 and led by S3 Ventures.
According to its Crunchbase profile, "Liveoak is a virtual customer engagement and business platform that enables your representatives to connect, engage and complete work with customers in a seamless way. Liveoak seamlessly combines modern conferencing, forms collaboration, e-Signature and efficient data/I.D. capture combined with bank-grade security and a complete System-of-Audit™"
The five-year-old startup has raised six previous funding rounds, including a $2.5 million seed round in 2017.
The round brings total funding raised by Austin companies in sales and marketing over the past month to $55 million, an increase of $44 million from the month before. The local sales and marketing industry has produced 19 funding rounds over the past year, yielding a total of $133 million in venture funding.
In other local funding news, machine learning company Hypergiant announced a corporate round on June 5.
According to Crunchbase, "Hypergiant Industries is the AI industrial complex for leading global enterprises and governments. We help major institutions innovate with breakthrough machine intelligence-driven technology, and make sense of data at the intersection of critical infrastructures through our integrated approach of AI products and services. The solutions, products, and companies Hypergiant Industries create support its customers on their mission to speed beyond norms and realize an exploded potential of the future we were promised through AI."
The company also raised a seed round in 2017.
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