Main image of article Austin: EA Bringing Jobs, VCs Bringing Money
Electronic Arts Brings 300 Jobs: Electronic Arts will create 300 jobs as it brings a branch of its Sports division to its Austin headquarters. Governor Rick Perry responded by announcing his goal of making Texas the nation's leader in video game development. Austin Companies Receive $120 Million in Funding: The venture capital dollars flowed freely into the area during 2011's second quarter. That's a 33 percent increase over the $89.8 million raised in the first quarter, and a 48 percent year on year. Six local startups received a total of $13.3 million in first-time funding during the period. Data Foundry Opens New Data Center: The Co-location company's new 250,000-square-foot facility will host IT systems for a range of companies. Data Foundry hopes it will lure more technology businesses to Austin, as well as larger corporations. Nuventix Receives $10 Million: Startup Nuventix received $10 million in an investment round from General Electric and Bergquist Co. Nuventix makes cooling systems that manage heat released from LEDs and devices. As part of the investment, GE and Nuventix signed a license agreement designed to promote the development of reliable, longer-lasting LED products and systems. Nuventix via MarketWatch Central Texas Gets Web Boost From Google: The company and its partners sent employees to help build free sites for hundreds of local shops, restaurants and other businesses with little or no Web presence. Valence Sees Strong Demand for Electric Batteries: The company expects to earn more revenue than expected because of significant shipments of its batteries to an undisclosed electric vehicle company.  Valence said it will post first quarter revenues of between $13.5 million to $14 million, up from its previous prediction of $8.5 million to $10.5 million. CNBC