While Austin's tech scene might be famous for tacos and boots, its real sizzle comes from adding over 12,000 new jobs in 2023 alone, cementing its status as America's second-biggest tech hub.
Key Takeaways
- In 2023, Austin's tech workforce grew by 5.2% year-over-year, adding over 12,000 new tech jobs
- Austin ranks #2 in the US for tech job concentration with 62 tech jobs per 1,000 residents as of 2023
- The average tech salary in Austin reached $118,500 in 2023, 28% above the national average
- Apple expanded its Austin campus to employ 15,000 tech workers by 2023
- Tesla Gigafactory Texas employs 20,000 in tech and engineering roles as of 2023
- Oracle's Austin campus hosts 10,000 employees focused on cloud tech in 2023
- Venture capital firms in Austin number 85, managing $15B AUM 2023
- Austin tech startups raised $2.8 billion in VC funding in 2023
- 312 VC deals closed in Austin tech sector during 2023
- Austin tech GDP contribution grew 12% to $52B in 2023
- Tech sector drove 28% of Austin metro GDP growth 2020-2023
- Austin tech job multiplier effect supports 1.8 indirect jobs per direct 2023
- Austin UT Austin CS graduates 2,800 entering tech workforce 2023
- Austin filed 1,200 AI-related patents in 2023, ranking #4 US metro
- UT Austin AI research funding $180M in grants 2023
Austin's thriving tech industry offers high salaries and rapid job growth.
Companies
- Apple expanded its Austin campus to employ 15,000 tech workers by 2023
- Tesla Gigafactory Texas employs 20,000 in tech and engineering roles as of 2023
- Oracle's Austin campus hosts 10,000 employees focused on cloud tech in 2023
- Google Cloud's Austin office grew to 7,000 tech staff by end of 2023
- IBM has 6,500 tech employees in Austin, specializing in AI and quantum
- Dell Technologies headquarters employs 14,000 in tech R&D in Austin 2023
- Amazon Web Services Austin team numbers 5,200 cloud engineers in 2023
- Meta opened a 1.1M sq ft data center in Austin employing 2,000 tech ops in 2023
- Samsung Austin Semiconductor employs 3,000 in chip design and tech
- Indeed HQ in Austin has 2,800 tech product and engineering staff 2023
- VR/AR firm OVR Technology based in Austin with 500 tech employees 2023
- BigCommerce e-commerce platform employs 1,200 developers in Austin 2023
- CrowdStrike cybersecurity HQ in Austin with 4,000 global tech staff 2023
- Atlassian expanded Austin engineering team to 1,000 in 2023
- Dropbox Austin office focuses on design with 600 tech creatives 2023
- HomeAway (Expedia Group) Austin HQ employs 1,500 in travel tech 2023
- SailPoint identity management acquired by Thoma Bravo, 800 tech staff in Austin 2023
- Everi Holdings gaming tech firm employs 900 in Austin 2023
- Aceable tech education platform has 400 developers in Austin 2023
- Austin tech startup density is 12.4 per 10,000 residents with 4,200 firms 2023
- 715 new tech startups founded in Austin in 2023
- Silicon Labs headquartered in Austin with 1,700 wireless tech employees 2023
- National Instruments (Emerson) Austin HQ 3,200 test/measurement tech staff 2023
- Bumble dating app HQ Austin employs 850 tech/marketing staff 2023
- Topfer Foundation supports 200+ Austin tech nonprofits with staff 2023
- Austin venture-backed tech companies number 1,856 as of 2023
- Capital Factory accelerator mentored 450 tech startups in Austin 2023
- RigUp (Workrise) energy tech unicorn HQ Austin 1,100 employees 2023
- Asana Austin engineering outpost 500 remote-first tech workers 2023
- Austin tech unicorns total 12, including 8 with HQ in city 2023
Companies Interpretation
While Austin's barbecue might be famous for brisket, it's clearly also in the business of grilling up a staggering array of tech giants, from the Apple-sized slabs to the spicy startup sausages, all crammed onto one very robust economic platter.
Employment
- In 2023, Austin's tech workforce grew by 5.2% year-over-year, adding over 12,000 new tech jobs
- Austin ranks #2 in the US for tech job concentration with 62 tech jobs per 1,000 residents as of 2023
- The average tech salary in Austin reached $118,500 in 2023, 28% above the national average
- Women make up 28.4% of Austin's tech workforce in 2023, up from 25% in 2020
- Austin added 15,300 tech jobs between 2021-2023, leading mid-sized metros
- 42% of Austin tech workers are under 35 years old as of 2023
- Tech unemployment in Austin was 1.8% in Q4 2023, below national rate of 2.5%
- Austin's tech sector employs 184,000 people as of 2023, representing 15% of total employment
- Remote tech jobs in Austin increased by 22% from 2022 to 2023
- Austin ranks #1 for millennial tech workers per capita with 18.7% of population
- H-1B visa approvals for Austin tech firms rose 35% in 2023 to 4,200
- Austin's software developer median wage is $127,000 annually in 2023
- 65% of Austin tech jobs require a bachelor's degree or higher in 2023
- Austin tech job postings grew 18% YoY in 2023
- Black representation in Austin tech workforce is 7.2% as of 2023
- Austin cybersecurity jobs increased by 24% from 2022-2023, totaling 8,500 roles
- Data science roles in Austin pay average $135,200 in 2023
- 31% of Austin tech workers relocated from California in 2023
- Austin's tech employment density is 1.2 jobs per acre in key districts
- Entry-level tech salaries in Austin average $85,400 in 2023
- Austin tech sector saw 9.1% wage growth in 2023, highest in Texas
- 52,000 Austin tech workers are in software development as of 2023
- Hispanic/Latino tech workers comprise 19.5% of Austin's workforce in 2023
- Austin AI/ML job openings surged 41% YoY to 3,200 in 2023
- Tech job vacancy rate in Austin is 4.2% as of late 2023
- Austin ranks #3 for tech job growth among large metros 2020-2023
- Cloud computing specialists in Austin earn $142,000 median in 2023
- 27% of Austin tech firms report hiring challenges due to talent shortage in 2023
- Austin's tech workforce diversity index improved to 0.68 in 2023 from 0.62
- UX/UI designers in Austin average $112,500 salary in 2023
Employment Interpretation
Austin isn't just keeping pace with the tech boom; it's sprinting ahead with well-paid, in-demand jobs that are reshaping the city, yet it’s still grappling with how to make its success story one that truly includes everyone.
Funding
- Venture capital firms in Austin number 85, managing $15B AUM 2023
- Austin tech startups raised $2.8 billion in VC funding in 2023
- 312 VC deals closed in Austin tech sector during 2023
- Series A funding average in Austin tech hit $12.4M per deal in 2023
- Austin ranked #8 US city for VC investment volume at $3.1B total 2023
- Early-stage tech funding in Austin grew 15% YoY to $1.2B in 2023
- Corporate VC investments in Austin tech totaled $450M from 45 firms 2023
- AI startups in Austin secured $780M in VC rounds in 2023
- Seed funding deals in Austin numbered 185, averaging $2.8M each 2023
- Austin fintech VC funding reached $340M across 28 deals in 2023
- Biotech tech crossovers raised $210M in Austin VC 2023
- Late-stage VC rounds averaged $45M in Austin with 22 deals 2023
- Women-led Austin tech startups received 12% of total VC at $336M 2023
- Angel investment groups funded 120 Austin tech firms with $150M 2023
- Austin's VC deal count per capita is 2.1 per 10,000 residents 2023
- SaaS companies in Austin raised $950M in 45 VC deals 2023
- Gaming/esports tech funding in Austin totaled $120M from 15 startups 2023
- Cleantech startups secured $280M VC in Austin amid energy boom 2023
- Austin VC firms deployed $2.1B into local tech ecosystem 2023
- M&A exits for Austin tech firms valued at $4.2B in 12 deals 2023
- IPO-bound Austin tech companies raised $560M pre-IPO in 2023
- Diversity-focused VC funds invested $180M in Austin tech 2023
- Austin tech funding rounds over $100M numbered 8 in 2023
- Healthtech VC in Austin hit $410M across 32 deals 2023
Funding Interpretation
Austin is rapidly evolving from a laid-back music hub into a serious tech powerhouse, where a staggering $15 billion in managed venture capital fuels everything from AI's $780 million surge to biotech crossovers, proving the city's vibrant ecosystem is now a major league player that's both funding big ideas and grappling with the familiar challenge of ensuring those opportunities reach everyone, as seen in only 12% of funding going to women-led startups.
Growth
- Austin tech GDP contribution grew 12% to $52B in 2023
- Tech sector drove 28% of Austin metro GDP growth 2020-2023
- Austin tech job multiplier effect supports 1.8 indirect jobs per direct 2023
- Tech exports from Austin reached $18.7B in 2023, up 14% YoY
- Austin tech cluster expansion added 2.1M sq ft office space 2023
- Tech-driven population growth in Austin at 2.8% annually 2021-2023
- Austin tech patents filed increased 19% to 4,500 in 2023
- Venture-backed revenue growth for Austin tech firms averaged 32% 2023
- Austin tech occupancy rate in business parks hit 94% in 2023
- Tech sector tax revenue to Austin city $1.2B in FY2023
- Austin ranked #2 for tech hub growth index score 85/100 in 2023
- Tech construction permits issued in Austin up 25% to 1,200 in 2023
- Austin tech ecosystem valuation estimated at $150B in 2023
- Remote migration boosted Austin tech firms' hiring by 16% 2023
- Austin tech wage premium over non-tech jobs is 45% in 2023
- Data center capacity in Austin grew 30% to 1.2 GW in 2023
- Austin tech startups survival rate after 5 years is 72% in 2023 cohort
- Tech R&D spend in Austin totaled $8.9B firm-reported in 2023
- Austin metro tech employment CAGR 6.8% from 2018-2023
- Proptech investments spurred $2.5B real estate tech growth 2023
- Austin tech talent attraction index score 92/100 in 2023
- Semiconductor fab investments $25B committed in Austin area 2023
- Austin tech conference attendance 450K visitors generating $1.1B 2023
- Tech supplier ecosystem supports 45,000 jobs in Austin 2023
Growth Interpretation
Austin's tech scene is on such a ferocious heater that it's essentially building a second, shinier city right on top of the first one, complete with its own economy, real estate market, and gravitational pull on both people and capital.
Innovation
- Austin UT Austin CS graduates 2,800 entering tech workforce 2023
- Austin filed 1,200 AI-related patents in 2023, ranking #4 US metro
- UT Austin AI research funding $180M in grants 2023
- Austin hosts 15 quantum computing research labs with 850 scientists 2023
- Number of Austin tech incubators grew to 28, supporting 1,200 innovators 2023
- Austin R&D tax credits claimed by tech firms totaled $450M in 2023
- Open source contributions from Austin devs top 2.5M commits in 2023
- Austin cybersecurity innovation hub certified 45 startups in 2023
- UT Austin launched 12 new tech spinouts commercializing IP in 2023
- Austin blockchain startups developed 30 new protocols in 2023
- Number of Austin tech hackathons held 52 events with 15K participants 2023
- Austin AR/VR patents issued 320, focusing on enterprise apps 2023
- Collaborative robotics research in Austin funded $95M in 2023
- Austin edtech innovations reached 1.2M users via 25 platforms 2023
- Sustainable tech prototypes from Austin labs 180 commercialized 2023
- Austin machine learning models published on HuggingFace 4,200 in 2023
- Tech transfer deals from Austin universities totaled $320M in 2023
- Austin drone tech FAA approvals for 75 commercial ops in 2023
- Biotech innovation corridor in Austin features 40 labs with 2,100 PhDs 2023
- Austin 5G testbed developed 22 new applications in 2023
- Female-led tech patents from Austin rose 22% to 850 in 2023
Innovation Interpretation
Austin is no longer just a charmingly weird oasis of tacos and tunes, but a serious intellectual forge where a torrent of graduates, a blizzard of patents, and a mountain of grant money are being hammered into the very tools that will build—and defend—our future.
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