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
1Apple expanded its Austin campus to employ 15,000 tech workers by 2023
Verified2Tesla Gigafactory Texas employs 20,000 in tech and engineering roles as of 2023
Verified3Oracle's Austin campus hosts 10,000 employees focused on cloud tech in 2023
Verified4Google Cloud's Austin office grew to 7,000 tech staff by end of 2023
Directional5IBM has 6,500 tech employees in Austin, specializing in AI and quantum
Single source6Dell Technologies headquarters employs 14,000 in tech R&D in Austin 2023
Verified7Amazon Web Services Austin team numbers 5,200 cloud engineers in 2023
Verified8Meta opened a 1.1M sq ft data center in Austin employing 2,000 tech ops in 2023
Verified9Samsung Austin Semiconductor employs 3,000 in chip design and tech
Directional10Indeed HQ in Austin has 2,800 tech product and engineering staff 2023
Single source11VR/AR firm OVR Technology based in Austin with 500 tech employees 2023
Verified12BigCommerce e-commerce platform employs 1,200 developers in Austin 2023
Verified13CrowdStrike cybersecurity HQ in Austin with 4,000 global tech staff 2023
Verified14Atlassian expanded Austin engineering team to 1,000 in 2023
Directional15Dropbox Austin office focuses on design with 600 tech creatives 2023
Single source16HomeAway (Expedia Group) Austin HQ employs 1,500 in travel tech 2023
Verified17SailPoint identity management acquired by Thoma Bravo, 800 tech staff in Austin 2023
Verified18Everi Holdings gaming tech firm employs 900 in Austin 2023
Verified19Aceable tech education platform has 400 developers in Austin 2023
Directional20Austin tech startup density is 12.4 per 10,000 residents with 4,200 firms 2023
Single source21715 new tech startups founded in Austin in 2023
Verified22Silicon Labs headquartered in Austin with 1,700 wireless tech employees 2023
Verified23National Instruments (Emerson) Austin HQ 3,200 test/measurement tech staff 2023
Verified24Bumble dating app HQ Austin employs 850 tech/marketing staff 2023
Directional25Topfer Foundation supports 200+ Austin tech nonprofits with staff 2023
Single source26Austin venture-backed tech companies number 1,856 as of 2023
Verified27Capital Factory accelerator mentored 450 tech startups in Austin 2023
Verified28RigUp (Workrise) energy tech unicorn HQ Austin 1,100 employees 2023
Verified29Asana Austin engineering outpost 500 remote-first tech workers 2023
Directional30Austin tech unicorns total 12, including 8 with HQ in city 2023
Single sourceCompanies 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
1In 2023, Austin's tech workforce grew by 5.2% year-over-year, adding over 12,000 new tech jobs
Verified2Austin ranks #2 in the US for tech job concentration with 62 tech jobs per 1,000 residents as of 2023
Verified3The average tech salary in Austin reached $118,500 in 2023, 28% above the national average
Verified4Women make up 28.4% of Austin's tech workforce in 2023, up from 25% in 2020
Directional5Austin added 15,300 tech jobs between 2021-2023, leading mid-sized metros
Single source642% of Austin tech workers are under 35 years old as of 2023
Verified7Tech unemployment in Austin was 1.8% in Q4 2023, below national rate of 2.5%
Verified8Austin's tech sector employs 184,000 people as of 2023, representing 15% of total employment
Verified9Remote tech jobs in Austin increased by 22% from 2022 to 2023
Directional10Austin ranks #1 for millennial tech workers per capita with 18.7% of population
Single source11H-1B visa approvals for Austin tech firms rose 35% in 2023 to 4,200
Verified12Austin's software developer median wage is $127,000 annually in 2023
Verified1365% of Austin tech jobs require a bachelor's degree or higher in 2023
Verified14Austin tech job postings grew 18% YoY in 2023
Directional15Black representation in Austin tech workforce is 7.2% as of 2023
Single source16Austin cybersecurity jobs increased by 24% from 2022-2023, totaling 8,500 roles
Verified17Data science roles in Austin pay average $135,200 in 2023
Verified1831% of Austin tech workers relocated from California in 2023
Verified19Austin's tech employment density is 1.2 jobs per acre in key districts
Directional20Entry-level tech salaries in Austin average $85,400 in 2023
Single source21Austin tech sector saw 9.1% wage growth in 2023, highest in Texas
Verified2252,000 Austin tech workers are in software development as of 2023
Verified23Hispanic/Latino tech workers comprise 19.5% of Austin's workforce in 2023
Verified24Austin AI/ML job openings surged 41% YoY to 3,200 in 2023
Directional25Tech job vacancy rate in Austin is 4.2% as of late 2023
Single source26Austin ranks #3 for tech job growth among large metros 2020-2023
Verified27Cloud computing specialists in Austin earn $142,000 median in 2023
Verified2827% of Austin tech firms report hiring challenges due to talent shortage in 2023
Verified29Austin's tech workforce diversity index improved to 0.68 in 2023 from 0.62
Directional30UX/UI designers in Austin average $112,500 salary in 2023
Single sourceEmployment 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
1Venture capital firms in Austin number 85, managing $15B AUM 2023
Verified2Austin tech startups raised $2.8 billion in VC funding in 2023
Verified3312 VC deals closed in Austin tech sector during 2023
Verified4Series A funding average in Austin tech hit $12.4M per deal in 2023
Directional5Austin ranked #8 US city for VC investment volume at $3.1B total 2023
Single source6Early-stage tech funding in Austin grew 15% YoY to $1.2B in 2023
Verified7Corporate VC investments in Austin tech totaled $450M from 45 firms 2023
Verified8AI startups in Austin secured $780M in VC rounds in 2023
Verified9Seed funding deals in Austin numbered 185, averaging $2.8M each 2023
Directional10Austin fintech VC funding reached $340M across 28 deals in 2023
Single source11Biotech tech crossovers raised $210M in Austin VC 2023
Verified12Late-stage VC rounds averaged $45M in Austin with 22 deals 2023
Verified13Women-led Austin tech startups received 12% of total VC at $336M 2023
Verified14Angel investment groups funded 120 Austin tech firms with $150M 2023
Directional15Austin's VC deal count per capita is 2.1 per 10,000 residents 2023
Single source16SaaS companies in Austin raised $950M in 45 VC deals 2023
Verified17Gaming/esports tech funding in Austin totaled $120M from 15 startups 2023
Verified18Cleantech startups secured $280M VC in Austin amid energy boom 2023
Verified19Austin VC firms deployed $2.1B into local tech ecosystem 2023
Directional20M&A exits for Austin tech firms valued at $4.2B in 12 deals 2023
Single source21IPO-bound Austin tech companies raised $560M pre-IPO in 2023
Verified22Diversity-focused VC funds invested $180M in Austin tech 2023
Verified23Austin tech funding rounds over $100M numbered 8 in 2023
Verified24Healthtech VC in Austin hit $410M across 32 deals 2023
DirectionalFunding 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
1Austin tech GDP contribution grew 12% to $52B in 2023
Verified2Tech sector drove 28% of Austin metro GDP growth 2020-2023
Verified3Austin tech job multiplier effect supports 1.8 indirect jobs per direct 2023
Verified4Tech exports from Austin reached $18.7B in 2023, up 14% YoY
Directional5Austin tech cluster expansion added 2.1M sq ft office space 2023
Single source6Tech-driven population growth in Austin at 2.8% annually 2021-2023
Verified7Austin tech patents filed increased 19% to 4,500 in 2023
Verified8Venture-backed revenue growth for Austin tech firms averaged 32% 2023
Verified9Austin tech occupancy rate in business parks hit 94% in 2023
Directional10Tech sector tax revenue to Austin city $1.2B in FY2023
Single source11Austin ranked #2 for tech hub growth index score 85/100 in 2023
Verified12Tech construction permits issued in Austin up 25% to 1,200 in 2023
Verified13Austin tech ecosystem valuation estimated at $150B in 2023
Verified14Remote migration boosted Austin tech firms' hiring by 16% 2023
Directional15Austin tech wage premium over non-tech jobs is 45% in 2023
Single source16Data center capacity in Austin grew 30% to 1.2 GW in 2023
Verified17Austin tech startups survival rate after 5 years is 72% in 2023 cohort
Verified18Tech R&D spend in Austin totaled $8.9B firm-reported in 2023
Verified19Austin metro tech employment CAGR 6.8% from 2018-2023
Directional20Proptech investments spurred $2.5B real estate tech growth 2023
Single source21Austin tech talent attraction index score 92/100 in 2023
Verified22Semiconductor fab investments $25B committed in Austin area 2023
Verified23Austin tech conference attendance 450K visitors generating $1.1B 2023
Verified24Tech supplier ecosystem supports 45,000 jobs in Austin 2023
DirectionalGrowth 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
1Austin UT Austin CS graduates 2,800 entering tech workforce 2023
Verified2Austin filed 1,200 AI-related patents in 2023, ranking #4 US metro
Verified3UT Austin AI research funding $180M in grants 2023
Verified4Austin hosts 15 quantum computing research labs with 850 scientists 2023
Directional5Number of Austin tech incubators grew to 28, supporting 1,200 innovators 2023
Single source6Austin R&D tax credits claimed by tech firms totaled $450M in 2023
Verified7Open source contributions from Austin devs top 2.5M commits in 2023
Verified8Austin cybersecurity innovation hub certified 45 startups in 2023
Verified9UT Austin launched 12 new tech spinouts commercializing IP in 2023
Directional10Austin blockchain startups developed 30 new protocols in 2023
Single source11Number of Austin tech hackathons held 52 events with 15K participants 2023
Verified12Austin AR/VR patents issued 320, focusing on enterprise apps 2023
Verified13Collaborative robotics research in Austin funded $95M in 2023
Verified14Austin edtech innovations reached 1.2M users via 25 platforms 2023
Directional15Sustainable tech prototypes from Austin labs 180 commercialized 2023
Single source16Austin machine learning models published on HuggingFace 4,200 in 2023
Verified17Tech transfer deals from Austin universities totaled $320M in 2023
Verified18Austin drone tech FAA approvals for 75 commercial ops in 2023
Verified19Biotech innovation corridor in Austin features 40 labs with 2,100 PhDs 2023
Directional20Austin 5G testbed developed 22 new applications in 2023
Single source21Female-led tech patents from Austin rose 22% to 850 in 2023
VerifiedInnovation 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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