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  4. Richardson technology company raises more than $12M in new funding effort

Richardson technology company raises more than $12M in new funding effort

June 13, 2019
 
by Brian Womack
Staff Writer | Dallas Business Journal 
 
A Richardson startup has some more cash after a fresh investment.
 
Theatro raised recently raised $12.1 million, according to a filing with the U.S. Securities and Exchange Commission. The equity-based funding is part of a total offering amount of $15.1 million, the filing said.
 
Already, the company has raised more than $20 million, according to Crunchbase. That includes $8.8 million it landed in a round from Silicon Valley’s Khosla Ventures and others in a 2014 deal.
 
Theatro provides what it calls a “workforce communication platform.” Its apps are designed to enable hourly employees to access information quickly with a simple voice command, according to its website. The company uses an artificial-intelligence powered technology to help power its products.
 
The company has accumulated customers that include Cabela’s, Neiman Marcus and The Container Store. The overall industries its serves include hospitality, retail, distribution and casinos and resorts, the company's website said.
 
 
 
To read this article on the Dallas Business Journal website, click here. 
 
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Richardson, Texas is a vibrant and diversified business community, strategically located in one of the brightest economic regions in the world the Dallas/Fort Worth Metroplex. Whether your company seeks the latest technological breakthrough, provides the highest level of financial service or thrives upon the synergy of a great business and research university, Richardson is where excellence is the expectation.
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