Disco 40m, DISCO, and CS Disco Expand in North America
Founded in 2005, Austin-based Disco 40m has grown to become a global brand with offices in London, San Francisco, and Sydney. The company plans to expand in North America and has new products on the horizon. In this article, we will discuss about Austinbased Disco 40m 235m 785m.
Investors own a large part of the company
CS Disco has a long history, from the time it debuted to its current state as a high tech startup. Its flagship electronic discovery software helps lawyers gather evidence. The company also has a small but impressive staff of 200 employees, and a slew of customers including a gaggle of Fortune 500 companies. The aforementioned VC’s may have a small but not insignificant sliver of the pie, with Geogrian Partners owning a whopping 12%.
As for the rest of the company, Bessemer Venture Partners and LiveOak Ventures own a lion’s share of the company. Other notable investors include Insight Partners, and the aforementioned UT Horizon Fund. There are also a slew of smaller angel funds like the Central Texas Angel Network, which has been the hub of Austin’s tech renaissance for several years now.
It’s no secret that the tech industry in Austin is hot, and VC activity in the city is off the charts, with the highest number of deals in the state. There are a number of companies in the city with a revenue of more than $10 million, and 10 have topped the $20 million mark.
Plans to expand in North America
Several Austin-based discos have announced plans to expand in North America, with more announcements to follow. These new locations will provide the companies with the opportunity to hire talent for sales, marketing, operations, and more.
One of the newest additions is Amazon, which is expanding its Austin Tech Hub to a new 250,000-300,000 square foot building in the Domain area. Amazon already has a presence in Austin with 1,000 employees, and will continue to grow that number, creating 800 jobs.
Brightpearl, a leading retail management system for high growth omnichannel retailers, recently opened its second U.S. office in Downtown Austin. The company currently occupies 20,000 square feet of temporary space in CapitalFactory, and will add leadership, business development, and consultancy positions. The company will hire 40 new employees over the next year, expanding from its 30 employees in Downtown Austin.
The company also plans to hire a team of technical professionals to support its business development efforts. They’re looking for people in engineering, computer science, and data science.
New products on the horizon
Touted as the next best city for tech companies, Austin is the epicenter of a growing breed of innovators. In short order, the locals are putting their money where their mouth is. It’s not surprising that the city boasts one of the nation’s most attractive work environments, where employees are encouraged to get down to business. The city also boasts a plethora of high-paying tech startups, as well as a smattering of more traditional firms, such as IBM, Apple, and Microsoft. The Austin tech scene isn’t short on talent, and Disco, along with its cohorts, will continue to make waves as they build out their empire. The company boasts 336 full-time workers at the end of March. They are likely to be adding to that number over the next few months, and more are expected on a quarterly basis. As of last count, the company has nearly 900 paying customers.
Offices in Austin, San Francisco, London, Sydney, and New Delhi
Founded in 2012, DISCO is an Austin, Texas-based company that develops cloud-based artificial intelligence solutions for legal documents and workflow. With a team of experts in AI, machine learning, and data science, the company helps attorneys and their staff search, review, and find the most relevant document materials for their cases. After acquiring two products, Request360 and Hold360, in February, DISCO plans to expand its business and introduce new tools that will further help legal professionals in their daily work.
The company, which went public last year, recently opened a new U.S. office in New York, and is currently hiring for marketing, sales, human resources, engineering, and professional services roles. It also plans to add offices in Canada and continental Europe in the future.