With Austin's tech scene exploding and its skyline rising to match, a closer look at the 2023 data reveals a software industry that's not just growing but fundamentally reshaping the city's workforce and economy.
Key Takeaways
- Austin's software development workforce numbered 52,300 professionals in 2023, marking a 8.7% increase from 2022.
- The average salary for software developers in Austin reached $128,450 annually in 2023.
- Women comprised 28.4% of Austin's software engineering roles in 2023.
- Dell Technologies employed 12,000 software developers in Austin as of 2023.
- IBM's Austin campus hosted 8,500 software engineers in 2023.
- Apple expanded its Austin software team to 6,000 devs in 2023.
- The software industry contributed $18.7 billion to Austin's GDP in 2023.
- Software exports from Austin totaled $4.2 billion in 2023.
- Austin tech sector, led by software, added 7,200 jobs contributing $1.1B wages in 2023.
- Austin VC firms invested $1.9 billion in software startups in 2023.
- 142 software companies in Austin raised Series A funding averaging $12.4M each in 2023.
- Capital Factory Austin facilitated $850M in software investments in 2023.
- Austin filed 2,450 software-related patents in 2023.
- 68% of Austin software firms adopted Kubernetes for containerization by 2023.
- Austin led U.S. cities in blockchain software implementations with 340 projects in 2023.
Austin's software industry boomed in 2023 with strong job growth and major economic impact.
Company Profiles
- Dell Technologies employed 12,000 software developers in Austin as of 2023.
- IBM's Austin campus hosted 8,500 software engineers in 2023.
- Apple expanded its Austin software team to 6,000 devs in 2023.
- Google Cloud's Austin office had 3,200 software staff in 2023.
- Facebook (Meta) Austin software division employed 2,800 in 2023.
- Oracle's Austin headquarters featured 4,500 software developers in 2023.
- Tesla's Austin Gigafactory software team grew to 1,900 in 2023.
- Indeed.com's Austin engineering team numbered 1,200 software devs in 2023.
- Atlassian's Austin office had 900 software engineers in 2023.
- Dropbox Austin software staff reached 650 in 2023.
- HomeAway (Expedia Group) employed 1,100 devs in Austin 2023.
- SailPoint (now ForgeRock) had 850 software pros in Austin 2023.
- BigCommerce Austin HQ software team: 1,400 employees in 2023.
- Everi (gaming software) Austin staff: 700 devs in 2023.
- DISH Network software R&D in Austin: 950 engineers 2023.
- National Instruments (NI) Austin: 2,200 software devs 2023.
- Accruent software HQ in Austin employed 600 in 2023.
- RENTCafe (Yardi) Austin dev team: 450 in 2023.
- Silicon Labs Austin software: 1,500 employees 2023.
- Athlon Sports software (MHC) Austin: 300 devs 2023.
- VRstudios Austin VR software team: 250 in 2023.
- Top11 Austin office software staff: 180 in 2023.
- Aceable software Austin: 400 devs 2023.
- KLRD software team Austin: 220 in 2023.
- Austin software startups like Icon employed 150 devs in 2023.
- Cloudflare Austin opened with 400 software engineers in 2023.
- AMD Austin software R&D: 3,000 staff 2023.
- Samsung Austin semiconductor software: 1,100 devs 2023.
Company Profiles Interpretation
Austin's software scene is so saturated with talent that the city's unofficial motto should be "Keep Austin Coded," where even the tacos are probably written in Python.
Economic Impact
- The software industry contributed $18.7 billion to Austin's GDP in 2023.
- Software exports from Austin totaled $4.2 billion in 2023.
- Austin tech sector, led by software, added 7,200 jobs contributing $1.1B wages in 2023.
- Software development drove 15% of Austin's economic growth in 2023.
- Austin's software industry tax revenue was $1.45 billion in FY2023.
- Per capita income from software jobs in Austin: $92,400 in 2023.
- Software sector multiplier effect created 22,000 indirect jobs in Austin 2023.
- Austin software firms occupied 12.3 million sq ft of office space in 2023.
- Venture capital flowing to Austin software: $2.8B in 2023.
- Software R&D spending in Austin reached $9.5 billion in 2023.
- Austin software industry supported 5.2% unemployment reduction in 2023.
- Consumer spending boosted by software wages: $3.4B in Austin 2023.
- Software sector venture returns averaged 3.2x in Austin 2023 exits.
- Austin software payroll taxes contributed $850M to local gov in 2023.
- Software-driven property values rose 11% in Austin tech districts 2023.
- Austin software industry attracted $1.2B in foreign direct investment 2023.
- Software sector generated 28% of Austin's high-tech GDP share in 2023.
- Austin software firms sponsored 1,200 local events boosting $200M economy 2023.
- Cost of living adjustment for Austin software salaries: 118 index in 2023.
- Software industry reduced Austin poverty rate by 2.1% in 2023.
- Austin software output per worker: $356,000 in 2023.
- Software sector venture-backed IPOs added $5.1B market cap to Austin 2023.
- Austin software firms invested $450M in local infrastructure 2023.
- Software wages inflated Austin housing demand by 14% in 2023.
- Austin software industry labor productivity grew 6.8% YoY in 2023.
Economic Impact Interpretation
While Austin's software industry is clearly minting money and creating jobs at an impressive clip, it's also quietly—and sometimes loudly—rewriting the city's economic and physical landscape, from its tax base and office skyline to its housing costs and even its social fabric, all with the intense productivity of a sector where each worker generates over a third of a million dollars in output.
Investment and Funding
- Austin VC firms invested $1.9 billion in software startups in 2023.
- 142 software companies in Austin raised Series A funding averaging $12.4M each in 2023.
- Capital Factory Austin facilitated $850M in software investments in 2023.
- Austin software seed rounds totaled 210 deals worth $420M in 2023.
- Geekdom Fund invested $65M across 18 Austin software startups in 2023.
- Series B software funding in Austin: 78 rounds averaging $28.7M in 2023.
- Austin Angels invested $22M in 12 software firms in 2023.
- 520 Capital led $45M round for Austin SaaS company in Q3 2023.
- Total software M&A deals in Austin: 34 valued at $3.2B in 2023.
- LiveOak Venture Partners deployed $180M into Austin software in 2023.
- Austin software late-stage funding: $1.1B across 22 deals in 2023.
- S3 Ventures closed $150M fund for Austin software investments 2023.
- Corporate VCs invested $320M in Austin software startups 2023.
- Austin software unicorns raised $900M combined in 2023.
- Silverton Partners led 9 software deals totaling $110M in Austin 2023.
- Grantchester Group funded 15 Austin software firms with $75M in 2023.
- Austin software crowdfunding raised $28M via platforms like SeedInvest 2023.
- Moonshots Capital invested $40M in 8 early-stage Austin software cos 2023.
- Total equity crowdfunding for Austin software: $15.2M in 2023.
- Austin software exits generated $4.8B in returns for investors 2023.
- Next Coast Ventures raised $100M Fund III for Austin software in 2023.
- Software grant funding from NSF to Austin firms: $32M in 2023.
- Austin software debt financing: $210M across 45 deals in 2023.
- Female-founded Austin software startups raised $180M in 2023.
- Austin software AI/ML funding: $650M in 2023.
- Capital Factory's accelerator funded 45 software startups $1.35M each avg 2023.
- Austin SaaS software funding dominated with $1.4B in 2023.
- Healthtech software in Austin secured $290M VC in 2023.
- Fintech software Austin funding: $380M across 25 deals 2023.
Investment and Funding Interpretation
Austin has officially upgraded from a music festival to a venture capital frenzy, where $4.8 billion in exits prove that the only thing hotter than the Texas sun is the competition to fund the next big thing before it even has a name.
Technology Trends
- Austin filed 2,450 software-related patents in 2023.
- 68% of Austin software firms adopted Kubernetes for containerization by 2023.
- Austin led U.S. cities in blockchain software implementations with 340 projects in 2023.
- Average Austin software project used 14 microservices in 2023 architectures.
- 52% of Austin devs integrated AI/ML into apps by end of 2023.
- Austin software firms averaged 2.8 CI/CD pipeline deployments daily in 2023.
- Quantum computing software R&D in Austin grew 25% with 120 projects 2023.
- 77% Austin software stacks included serverless computing in 2023.
- Austin ranked #4 for cybersecurity software innovations, 890 patents 2023.
- Low-code/no-code adoption in Austin software dev hit 41% in 2023.
- Austin software IoT integrations numbered 1,200 enterprise projects 2023.
- Edge computing usage in Austin software apps: 35% penetration 2023.
- Austin devs reported 89% cloud-native app development in 2023 surveys.
- AR/VR software development projects in Austin: 450 active in 2023.
- 61% of Austin software firms used Rust for systems programming 2023.
- Austin software GitHub commits averaged 2.1M monthly in 2023.
- 5G-enabled software apps launched by Austin firms: 210 in 2023.
- Austin software sustainability metrics tracked in 73% of projects 2023.
- Metaverse software prototypes from Austin: 180 in 2023 hackathons.
- Austin software firms averaged 4.5 security scans per code commit 2023.
- Go (Golang) usage in Austin backend dev: 48% adoption 2023.
- Austin led in open-source contributions to Apache projects with 15K PRs 2023.
- 39% Austin software projects incorporated Web3 tech in 2023.
- Austin software mean time to recovery (MTTR) averaged 45 minutes 2023.
- Robotic Process Automation (RPA) bots deployed by Austin software: 8,200 2023.
- Austin software firms' API economy generated $2.1B revenue 2023.
- 56% Austin devs used GraphQL over REST in new projects 2023.
- Austin software NFT/blockchain apps: 290 launched 2023.
- Progressive Web Apps (PWA) adoption in Austin software: 67% 2023.
Technology Trends Interpretation
Austin's 2023 tech scene was a frenetic symphony of brains and bytes, where over two thousand patents proved they think deep, while daily deployments and security scans proved they move fast, all while casually pioneering everything from blockchain to the metaverse between Kubernetes clusters.
Workforce Statistics
- Austin's software development workforce numbered 52,300 professionals in 2023, marking a 8.7% increase from 2022.
- The average salary for software developers in Austin reached $128,450 annually in 2023.
- Women comprised 28.4% of Austin's software engineering roles in 2023.
- Austin ranked #3 in the U.S. for software developer job postings per capita with 2,450 monthly listings in Q4 2023.
- Entry-level software developer positions in Austin saw a 15.2% growth in openings from 2022 to 2023.
- 62% of Austin software developers hold a bachelor's degree in computer science or related fields as of 2023.
- Remote software development jobs in Austin increased by 22% in 2023, totaling 11,200 roles.
- Austin's software dev unemployment rate stood at 1.8% in late 2023, below national average.
- Hispanic/Latino software professionals made up 19.5% of Austin's tech workforce in 2023.
- Senior software engineers in Austin earned a median of $162,300 in 2023.
- Austin hosted 4,200 software development interns in summer 2023.
- 71% of Austin software devs reported high job satisfaction in 2023 surveys.
- Software QA testers in Austin numbered 3,800 with 10% YoY growth in 2023.
- Austin's software workforce diversity index improved to 0.67 in 2023 from 0.62 in 2022.
- Full-stack developers comprised 34% of Austin's software job market in 2023.
- Austin software devs averaged 4.2 years of experience in 2023.
- 45% of Austin software roles required cloud computing skills in 2023 postings.
- Austin's software dev attrition rate was 12.3% in 2023.
- Black/African American software pros were 7.2% of Austin's workforce in 2023.
- Austin saw 1,250 software dev certifications issued by AWS in 2023.
- Data scientists in Austin's software sector totaled 6,500 in 2023.
- 55% of Austin software devs used Python as primary language in 2023.
- Austin software job growth projected at 9.1% for 2024.
- Mobile app developers in Austin reached 4,100 roles in 2023.
- Austin's software workforce median age was 32.4 years in 2023.
- 28% of Austin software jobs were contract-based in 2023.
- DevOps engineers numbered 5,200 in Austin software industry 2023.
- Austin software devs with AI/ML skills grew 18% YoY in 2023.
- Female software leads in Austin increased to 14.5% in 2023.
- Austin's total software-related jobs hit 68,000 including support in 2023.
Workforce Statistics Interpretation
While Austin's tech scene thrives with booming jobs, soaring salaries, and hopeful growth projections, it still feels a bit like a well-funded frat party that's slowly realizing it should've sent more invitations to everyone outside the clubhouse.
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