GITNUXREPORT 2026

Texas Tech Industry Statistics

Texas tech industry booms with robust growth, high salaries, and strong venture capital investment.

Sarah Mitchell

Senior Researcher specializing in consumer behavior and market trends.

First published: Feb 13, 2026

Our Commitment to Accuracy

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Statistic 1

Texas has 2,150 tech companies founded in 2023, raising $12.5B total

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Austin hosts 1,200 tech startups, with 450 new incorporations in 2023

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Texas tech unicorns number 15 as of 2024, including A Cloud Guru and TopGolf

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Dallas tech firms grew 7% to 3,500 companies in 2023

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Houston added 320 energy-tech startups in 2023, total 1,100 firms

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Texas tech M&A deals reached 280 in 2023, valued at $45B

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68% of Texas tech companies are bootstrapped, per 2023 survey of 5,000 firms

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San Antonio cybersecurity firms: 250 active, 20% growth YoY

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Texas fintech companies: 650, processing $2.5T transactions annually

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Biotech tech firms in Texas: 420, with 110 new in 2023

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Texas SaaS companies generate $50B revenue, 1,800 firms strong

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Relocated tech HQs to Texas: 95 companies since 2020, including Oracle and Tesla

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Texas tech IPOs: 12 in 2023, raising $8.7B

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Edtech startups in Texas: 180, serving 5M students

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Texas gaming tech firms: 120, $1.2B revenue

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Proptech companies in Texas: 250, valued at $15B collectively

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Texas agritech startups: 90, innovating in 2M acres smart farming

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Cleantech firms: 350 in Texas, $3B revenue from renewables

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Texas tech accelerators incubated 450 startups in 2023

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Texas tech GDP contribution: $285B in 2023, 13.5% of state GDP

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Tech exports from Texas: $142B in 2023, 25% of total state exports

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Texas tech multiplier effect: $1.8 economic impact per $1 invested

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Property taxes from tech firms: $4.2B to Texas localities in 2023

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Tech-driven personal income: $180B for 5.2M households in 2023

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Austin tech GDP: $110B, 30% of metro GDP in 2023

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Dallas tech economic output: $85B, supporting 1.2M indirect jobs

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Houston tech sector sales tax revenue: $2.1B in 2023

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Texas tech venture returns: $35B to investors in 2023 exits

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Cost savings from Texas tech adoption: $15B in efficiency gains 2023

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Tech philanthropy from Texas firms: $1.5B donated in 2023

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Texas tech tourism boost: $2.8B from SXSW and tech events 2023

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Broadband investment ROI: $12B economic return on $3B spend in 2023

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Texas tech supply chain value: $95B in purchases from local vendors 2023

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Median home price uplift from tech jobs: 18% in Austin suburbs 2023

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Tech sector state sales tax: $8.7B collected in 2023

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Texas tech job creation multiplier: 3.2 indirect jobs per direct tech job

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Corporate income tax from tech: $3.9B to Texas treasury 2023

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Texas tech economic growth rate: 6.8% in 2023, double state average

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In 2023, Texas tech employment reached 1,456,000 jobs, representing 12.4% of the state's total employment

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Texas tech sector added 78,900 new jobs in 2022, a 5.7% growth rate surpassing the national average of 4.2%

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Austin's tech workforce grew by 9.2% year-over-year in 2023, totaling 220,000 employees in software and IT services

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Dallas-Fort Worth metro area hosts 450,000 tech workers, with cybersecurity jobs increasing 15% from 2021 to 2023

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Houston's tech employment stands at 180,000, driven by energy tech with 25,000 data science roles added since 2020

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Average tech salary in Texas is $118,500 annually as of 2023, 22% above the national average

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42% of Texas tech jobs are in software development, employing 612,000 professionals in 2023

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Tech occupations in Texas have a median wage of $102,000, with 15-1251 Computer Programmers earning $95,420

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San Antonio tech sector employs 95,000, with 12% growth in IT support roles from 2022-2023

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Texas ranks 2nd nationally with 1.4 million tech workers, behind only California, per 2023 CompTIA data

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Women hold 28% of Texas tech jobs, up from 25% in 2020, totaling 408,000 female tech workers

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Hispanic/Latino representation in Texas tech is 22%, employing 320,000 individuals in 2023

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Texas tech unemployment rate is 2.1% in 2023, below the state average of 3.9%

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65,000 tech jobs in Texas are remote-eligible, comprising 4.5% of total tech employment in 2023

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Entry-level tech jobs in Texas grew 8% to 120,000 positions in 2023

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Texas tech industry employed 1,456,000 in 2023 with projected 4.1% growth to 1,516,000 by 2027

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Cybersecurity jobs in Texas number 145,000, with 18% annual growth since 2021

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Data analytics roles in Texas tech reached 210,000 in 2023, up 11% YoY

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Cloud computing specialists in Texas: 98,000 employed, median salary $135,000

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AI/ML engineers in Texas: 45,000 jobs, 25% growth from 2022

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Patent filings in Texas tech sectors reached 45,200 in 2023, up 8% YoY

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Austin filed 12,500 tech patents in 2023, focusing on semiconductors

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Texas R&D spending by tech firms: $28B in 2023, 6th nationally

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AI patents granted to Texas entities: 3,200 in 2023

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Texas universities produced 15,000 tech graduates with patents in 2023

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Blockchain patents in Texas: 1,800 filed in 2023

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Texas tech R&D tax credits claimed $1.2B by 1,200 firms in 2023

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Quantum computing research papers from Texas: 450 in 2023

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Texas leads US with 2.1% of global tech patents in semiconductors

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Venture-backed patents: 8,500 from Texas startups in 2023

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Texas tech innovation score: 78/100 per 2023 Bloomberg index

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5G-related patents: 2,400 in Texas 2023

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Texas SBIR grants awarded: $250M for 450 tech projects in 2023

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Open-source contributions from Texas devs: 1.2M commits in 2023

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Texas tech incubators filed 1,100 patents collectively in 2023

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Robotics patents: 950 in Texas, leading Southern states

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Texas VC funding hit $25.4B in 2023, 2nd highest after California

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Austin VC deals: 620 in 2023, $8.2B invested

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Early-stage VC in Texas: $7.1B across 450 deals in 2023

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Texas Series A funding averaged $12.5M per deal in 2023, 180 deals

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Corporate VC in Texas tech: $3.8B from 45 firms in 2023

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Fintech VC in Texas: $2.9B raised by 85 startups in 2023

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Healthtech VC funding: $4.1B in Texas 2023, 120 companies

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AI startups in Texas secured $5.6B VC in 2023

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Texas seed funding: 1,200 rounds totaling $2.3B in 2023

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Late-stage VC: $10.2B in Texas, 65 megadeals over $100M

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Texas VC firms: 320 active, deploying $28B AUM

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Female-founded Texas startups raised $1.8B VC in 2023, 15% of total

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Texas gov grants for tech: $450M awarded to 200 startups in 2023

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Crowdfunding success: Texas tech raised $320M via platforms in 2023

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Energy tech VC: $3.2B in Texas, leading US states

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Exit value from VC-backed Texas tech: $18B in 2023

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Texas VC deal count up 12% to 1,850 in 2023

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Median VC round size in Texas: $6.8M in 2023

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Texas ranks 3rd in VC per capita at $85 per resident in 2023

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Forget everything you think you know about dusty cowboys and oil rigs; the Texas tech industry is now a colossal economic engine, adding jobs at a blistering pace, minting unicorns, and generating wealth that's reshaping the entire state.

Key Takeaways

In 2023, Texas tech employment reached 1,456,000 jobs, representing 12.4% of the state's total employment
Texas tech sector added 78,900 new jobs in 2022, a 5.7% growth rate surpassing the national average of 4.2%
Austin's tech workforce grew by 9.2% year-over-year in 2023, totaling 220,000 employees in software and IT services
Texas has 2,150 tech companies founded in 2023, raising $12.5B total
Austin hosts 1,200 tech startups, with 450 new incorporations in 2023
Texas tech unicorns number 15 as of 2024, including A Cloud Guru and TopGolf
Texas VC funding hit $25.4B in 2023, 2nd highest after California
Austin VC deals: 620 in 2023, $8.2B invested
Early-stage VC in Texas: $7.1B across 450 deals in 2023
Patent filings in Texas tech sectors reached 45,200 in 2023, up 8% YoY
Austin filed 12,500 tech patents in 2023, focusing on semiconductors
Texas R&D spending by tech firms: $28B in 2023, 6th nationally
Texas tech GDP contribution: $285B in 2023, 13.5% of state GDP
Tech exports from Texas: $142B in 2023, 25% of total state exports
Texas tech multiplier effect: $1.8 economic impact per $1 invested

Texas tech industry booms with robust growth, high salaries, and strong venture capital investment.

Company Growth

Texas has 2,150 tech companies founded in 2023, raising $12.5B total
Austin hosts 1,200 tech startups, with 450 new incorporations in 2023
Texas tech unicorns number 15 as of 2024, including A Cloud Guru and TopGolf
Dallas tech firms grew 7% to 3,500 companies in 2023
Houston added 320 energy-tech startups in 2023, total 1,100 firms
Texas tech M&A deals reached 280 in 2023, valued at $45B
68% of Texas tech companies are bootstrapped, per 2023 survey of 5,000 firms
San Antonio cybersecurity firms: 250 active, 20% growth YoY
Texas fintech companies: 650, processing $2.5T transactions annually
Biotech tech firms in Texas: 420, with 110 new in 2023
Texas SaaS companies generate $50B revenue, 1,800 firms strong
Relocated tech HQs to Texas: 95 companies since 2020, including Oracle and Tesla
Texas tech IPOs: 12 in 2023, raising $8.7B
Edtech startups in Texas: 180, serving 5M students
Texas gaming tech firms: 120, $1.2B revenue
Proptech companies in Texas: 250, valued at $15B collectively
Texas agritech startups: 90, innovating in 2M acres smart farming
Cleantech firms: 350 in Texas, $3B revenue from renewables
Texas tech accelerators incubated 450 startups in 2023

Company Growth Interpretation

Texas isn't just playing with cowboy hats anymore; it's built a shockingly diversified tech empire where bootstrapped grit meets unicorn glamour, from Austin's startup factory to Houston's energy revolution, proving the Lone Star State is writing the next chapter of innovation with a very big, very lucrative pen.

Economic Contribution

Texas tech GDP contribution: $285B in 2023, 13.5% of state GDP
Tech exports from Texas: $142B in 2023, 25% of total state exports
Texas tech multiplier effect: $1.8 economic impact per $1 invested
Property taxes from tech firms: $4.2B to Texas localities in 2023
Tech-driven personal income: $180B for 5.2M households in 2023
Austin tech GDP: $110B, 30% of metro GDP in 2023
Dallas tech economic output: $85B, supporting 1.2M indirect jobs
Houston tech sector sales tax revenue: $2.1B in 2023
Texas tech venture returns: $35B to investors in 2023 exits
Cost savings from Texas tech adoption: $15B in efficiency gains 2023
Tech philanthropy from Texas firms: $1.5B donated in 2023
Texas tech tourism boost: $2.8B from SXSW and tech events 2023
Broadband investment ROI: $12B economic return on $3B spend in 2023
Texas tech supply chain value: $95B in purchases from local vendors 2023
Median home price uplift from tech jobs: 18% in Austin suburbs 2023
Tech sector state sales tax: $8.7B collected in 2023
Texas tech job creation multiplier: 3.2 indirect jobs per direct tech job
Corporate income tax from tech: $3.9B to Texas treasury 2023
Texas tech economic growth rate: 6.8% in 2023, double state average

Economic Contribution Interpretation

In 2023, Texas tech didn't just drive the state's economy; it sat in the driver's seat, gunned the engine, paid for the gas, and still had enough left to buy the whole road and tip the tollbooth attendant generously.

Employment Statistics

In 2023, Texas tech employment reached 1,456,000 jobs, representing 12.4% of the state's total employment
Texas tech sector added 78,900 new jobs in 2022, a 5.7% growth rate surpassing the national average of 4.2%
Austin's tech workforce grew by 9.2% year-over-year in 2023, totaling 220,000 employees in software and IT services
Dallas-Fort Worth metro area hosts 450,000 tech workers, with cybersecurity jobs increasing 15% from 2021 to 2023
Houston's tech employment stands at 180,000, driven by energy tech with 25,000 data science roles added since 2020
Average tech salary in Texas is $118,500 annually as of 2023, 22% above the national average
42% of Texas tech jobs are in software development, employing 612,000 professionals in 2023
Tech occupations in Texas have a median wage of $102,000, with 15-1251 Computer Programmers earning $95,420
San Antonio tech sector employs 95,000, with 12% growth in IT support roles from 2022-2023
Texas ranks 2nd nationally with 1.4 million tech workers, behind only California, per 2023 CompTIA data
Women hold 28% of Texas tech jobs, up from 25% in 2020, totaling 408,000 female tech workers
Hispanic/Latino representation in Texas tech is 22%, employing 320,000 individuals in 2023
Texas tech unemployment rate is 2.1% in 2023, below the state average of 3.9%
65,000 tech jobs in Texas are remote-eligible, comprising 4.5% of total tech employment in 2023
Entry-level tech jobs in Texas grew 8% to 120,000 positions in 2023
Texas tech industry employed 1,456,000 in 2023 with projected 4.1% growth to 1,516,000 by 2027
Cybersecurity jobs in Texas number 145,000, with 18% annual growth since 2021
Data analytics roles in Texas tech reached 210,000 in 2023, up 11% YoY
Cloud computing specialists in Texas: 98,000 employed, median salary $135,000
AI/ML engineers in Texas: 45,000 jobs, 25% growth from 2022

Employment Statistics Interpretation

Texas is not merely riding the tech wave but skillfully steering it, with one in eight of its workers now powering an industry whose booming growth, impressive salaries, and evolving diversity are steadily reshaping the state's economic landscape.

Innovation Metrics

Patent filings in Texas tech sectors reached 45,200 in 2023, up 8% YoY
Austin filed 12,500 tech patents in 2023, focusing on semiconductors
Texas R&D spending by tech firms: $28B in 2023, 6th nationally
AI patents granted to Texas entities: 3,200 in 2023
Texas universities produced 15,000 tech graduates with patents in 2023
Blockchain patents in Texas: 1,800 filed in 2023
Texas tech R&D tax credits claimed $1.2B by 1,200 firms in 2023
Quantum computing research papers from Texas: 450 in 2023
Texas leads US with 2.1% of global tech patents in semiconductors
Venture-backed patents: 8,500 from Texas startups in 2023
Texas tech innovation score: 78/100 per 2023 Bloomberg index
5G-related patents: 2,400 in Texas 2023
Texas SBIR grants awarded: $250M for 450 tech projects in 2023
Open-source contributions from Texas devs: 1.2M commits in 2023
Texas tech incubators filed 1,100 patents collectively in 2023
Robotics patents: 950 in Texas, leading Southern states

Innovation Metrics Interpretation

Texas isn't just keeping up in the tech race; with a torrent of patents, billions in R&D, and a fresh army of inventive graduates, the state is methodically building the intellectual fortress from which the next generation of industry will be commanded.

Venture Capital

Texas VC funding hit $25.4B in 2023, 2nd highest after California
Austin VC deals: 620 in 2023, $8.2B invested
Early-stage VC in Texas: $7.1B across 450 deals in 2023
Texas Series A funding averaged $12.5M per deal in 2023, 180 deals
Corporate VC in Texas tech: $3.8B from 45 firms in 2023
Fintech VC in Texas: $2.9B raised by 85 startups in 2023
Healthtech VC funding: $4.1B in Texas 2023, 120 companies
AI startups in Texas secured $5.6B VC in 2023
Texas seed funding: 1,200 rounds totaling $2.3B in 2023
Late-stage VC: $10.2B in Texas, 65 megadeals over $100M
Texas VC firms: 320 active, deploying $28B AUM
Female-founded Texas startups raised $1.8B VC in 2023, 15% of total
Texas gov grants for tech: $450M awarded to 200 startups in 2023
Crowdfunding success: Texas tech raised $320M via platforms in 2023
Energy tech VC: $3.2B in Texas, leading US states
Exit value from VC-backed Texas tech: $18B in 2023
Texas VC deal count up 12% to 1,850 in 2023
Median VC round size in Texas: $6.8M in 2023
Texas ranks 3rd in VC per capita at $85 per resident in 2023

Venture Capital Interpretation

While California may still wear the venture capital crown, Texas is busy building a sprawling, well-funded kingdom of its own, proving that everything from seed to exit really is bigger where early-stage bets, AI ambition, and energy tech dominance fuel a booming ecosystem that's no longer just riding coattails but sewing its own gilded western wear.

Sources & References

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