Venture capital funding dropped sharply last week, but the companies that did receive money exemplify two of the hottest industries in Austin: cybersecurity software and consumer packaged goods.
Three companies reported raising a combined $5.14 million. Click on the link in each funding for more details.
Javelin Networks, an Austin startup that combines cybersecurity software with an artificial intelligence program to ward off hackers, raised a $5 million series A funding. The company, which relocated from Silicon Valley to Austin in 2016, also hired Greg Fitzgerald as chief operating officer — he previously was chief marketing officer at Cylance Inc., a Silicon Valley cybersecurity unicorn with a valuation of more than $1 billion.
• Sway Water Inc., a producer of bottled water with natural, sugar-free flavors such as “Grapefruit Basil,” raised a $105,000 debt funding from five investors. Albert Swantner started the company in 2013 and as of October it was sold in 52 stores plus 100 Austin Independent School District campuses. The company had previously raised $260,000 in May 2016.
• CipherLoc Corp., a cybersecurity firm that moved from Las Vegas to Buda, just south of Austin, in 2016, added $40,000 to a previous round of funding.