Texas is Becoming the Next Big Tech Hub in America
Last Updated on September 21, 2022 by Andrew
Watch out, Silicon Valley! America’s southernmost state capital, Austin, Texas, is nipping at the heels of what most people consider the world’s leading tech hub. Austin was a challenger before the pandemic began, but between the new investments and the way jobs have returned, there’s an argument that it’s a real tech contender.
Let’s take a closer look at what’s going on in the Texas tech world.
Tech Money and Giants in Austin
A basic inspection of the tech money circulating through Texas confirms it’s a region on the rise. Venture Capitalists invested more than $5.5 billion in 2021 spread across 412 deals, eclipsing the prior year’s total by more than double. The rounds are also getting larger. Each of the top 10 deals for Austin in 2021 was worth more than $100 million each.
The publication TechCrunch characterized Austin as “a city of unicorns and tech giants,” the former phrase referring to companies worth $1 billion without being listed on the stock market. 2021 was a great year for Austin unicorns, with companies like The Zebra, Firefly, Iodine Software, Aerospace, Abrigo, and ZenBusiness reaching the auspicious mark.
Local companies grew while established giants moved in. In 2020, Tesla moved into the Austin tech district known as Silicon Hills, while Oracle relocated its main headquarters from Silicon Valley.
Major companies opened secondary offices in Austin, such as Google, Apple, Oracle, Facebook, SpaceX, and Amazon. With local companies soaring and tech giants looking to establish roots, Austin is an enviable position.
Property Technology Disruptors
New offices aren’t the only major tech development to hit Austin. Now, homebuyers can use the disruptive consumer-centric tech platform Nobul Technologies, built by the innovator Regan McGee.
Nobul is available throughout Texas, including but not limited to Austin, Dallas, Fort Worth, San Antonio, Houston, and El Paso. Homebuyers list their budget and what they’re looking for in a home, then verified agents on the platform compete for deal flow by offering users free services and cash back.
Homebuyers can compare agent profiles and pick the one whose services, fees, incentives, experience, and user reviews they like best. The platform takes security and privacy seriously by ensuring agents never have sensitive personal user information, so it can’t fall into the wrong hands.
Giving homebuyers a free platform to make the biggest purchase of their life easier and more affordable is a no-brainer. Such a compelling value prop probably explains its popularity.
So far, Nobul has achieved billions in sales in over 100 North American markets. It’s been popular with buyers and sellers and it’s sure to grow as it continues expanding in the US in the months and years ahead.
Whether there’s an exodus from the expensive Bay Area, as tech workers increasingly work remotely, is hard to say. But clearly, Silicon Valley doesn’t have a stranglehold on all the tech talent. Given the rise in how major cities like Austin attract world-class tech talent and disruptive real estate tech platforms embodied by Nobul expand here, Texas has a very bright tech future.
