Texas’ tech industry is growing on multiple fronts: venture-backed funding, new company formation, and expanding employment. You’ll see how Austin and other metros contribute to statewide tech GDP, exports, and job totals, alongside research momentum like patent filings and AI-related awards. The page compares key regions and metrics—so you can understand what drives innovation and where opportunity is taking root across Texas.
Key Takeaways
- 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 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
- 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
- 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 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 tech surged in 2023 with record funding, job growth, and $142B exports, powering $285B GDP impact.
Related reading
01 · Category
Company Growth19 stats
01
Texas has 2,150 tech companies founded in 2023, raising $12.5B total
02
Austin hosts 1,200 tech startups, with 450 new incorporations in 2023
03
Texas tech unicorns number 15 as of 2024, including A Cloud Guru and TopGolf
04
Dallas tech firms grew 7% to 3,500 companies in 2023
05
Houston added 320 energy-tech startups in 2023, total 1,100 firms
06
Texas tech M&A deals reached 280 in 2023, valued at $45B
07
68% of Texas tech companies are bootstrapped, per 2023 survey of 5,000 firms
08
San Antonio cybersecurity firms: 250 active, 20% growth YoY
09
Texas fintech companies: 650, processing $2.5T transactions annually
10
Biotech tech firms in Texas: 420, with 110 new in 2023
11
Texas SaaS companies generate $50B revenue, 1,800 firms strong
12
Relocated tech HQs to Texas: 95 companies since 2020, including Oracle and Tesla
13
Texas tech IPOs: 12 in 2023, raising $8.7B
14
Edtech startups in Texas: 180, serving 5M students
15
Texas gaming tech firms: 120, $1.2B revenue
16
Proptech companies in Texas: 250, valued at $15B collectively
17
Texas agritech startups: 90, innovating in 2M acres smart farming
18
Cleantech firms: 350 in Texas, $3B revenue from renewables
19
Texas tech accelerators incubated 450 startups in 2023
Interpretation
Company Growth Interpretation
Texas company growth is accelerating sharply in 2023, with 2,150 new tech companies formed statewide and $45B in tech M&A deals, reflecting a strong expansion pipeline that is also driving unicorn growth to 15 by 2024.
02 · Category
Economic Contribution19 stats
01
Texas tech GDP contribution: $285B in 2023, 13.5% of state GDP
02
Tech exports from Texas: $142B in 2023, 25% of total state exports
03
Texas tech multiplier effect: $1.8economic impact per $1 invested
04
Property taxes from tech firms: $4.2B to Texas localities in 2023
05
Tech-driven personal income: $180B for 5.2M households in 2023
06
Austin tech GDP: $110B, 30% of metro GDP in 2023
07
Dallas tech economic output: $85B, supporting 1.2M indirect jobs
08
Houston tech sector sales tax revenue: $2.1B in 2023
09
Texas tech venture returns: $35B to investors in 2023 exits
10
Cost savings from Texas tech adoption: $15B in efficiency gains 2023
11
Tech philanthropy from Texas firms: $1.5B donated in 2023
12
Texas tech tourism boost: $2.8B from SXSW and tech events 2023
13
Broadband investment ROI: $12B economic return on $3B spend in 2023
14
Texas tech supply chain value: $95B in purchases from local vendors 2023
15
Median home price uplift from tech jobs: 18% in Austin suburbs 2023
16
Tech sector state sales tax: $8.7B collected in 2023
17
Texas tech job creation multiplier: 3.2 indirect jobs per direct tech job
18
Corporate income tax from tech: $3.9B to Texas treasury 2023
19
Texas tech economic growth rate: 6.8% in 2023, double state average
Interpretation
Economic Contribution Interpretation
In 2023 Texas tech delivered $285B in GDP and drove $142B in exports, showing that the industry is a major economic contribution engine for the state rather than a niche sector.
03 · Category
Employment Statistics20 stats
01
In 2023, Texas tech employment reached 1,456,000 jobs, representing 12.4% of the state's total employment
02
Texas tech sector added 78,900 new jobs in 2022, a 5.7% growth rate surpassing the national average of 4.2%
03
Austin's tech workforce grew by 9.2% year-over-year in 2023, totaling 220,000 employees in software and IT services
04
Dallas-Fort Worth metro area hosts 450,000 tech workers, with cybersecurity jobs increasing 15% from 2021 to 2023
05
Houston's tech employment stands at 180,000, driven by energy tech with 25,000 data science roles added since 2020
06
Average tech salary in Texas is $118,500annually as of 2023, 22% above the national average
07
42% of Texas tech jobs are in software development, employing 612,000 professionals in 2023
08
Tech occupations in Texas have a median wage of $102,000,with 15-1251 Computer Programmers earning $95,420
09
San Antonio tech sector employs 95,000, with 12% growth in IT support roles from 2022-2023
10
Texas ranks 2nd nationally with 1.4 million tech workers, behind only California, per 2023 CompTIA data
11
Women hold 28% of Texas tech jobs, up from 25% in 2020, totaling 408,000 female tech workers
12
Hispanic/Latino representation in Texas tech is 22%, employing 320,000 individuals in 2023
13
Texas tech unemployment rate is 2.1% in 2023, below the state average of 3.9%
14
65,000 tech jobs in Texas are remote-eligible, comprising 4.5% of total tech employment in 2023
15
Entry-level tech jobs in Texas grew 8% to 120,000 positions in 2023
16
Texas tech industry employed 1,456,000 in 2023 with projected 4.1% growth to 1,516,000 by 2027
17
Cybersecurity jobs in Texas number 145,000, with 18% annual growth since 2021
18
Data analytics roles in Texas tech reached 210,000 in 2023, up 11% YoY
19
Cloud computing specialists in Texas: 98,000 employed, median salary $135,000
20
AI/ML engineers in Texas: 45,000 jobs, 25% growth from 2022
Interpretation
Employment Statistics Interpretation
Texas tech employment reached 1,456,000 jobs in 2023, making up 12.4% of the state total while the sector added 78,900 new jobs in 2022 with 5.7% growth outpacing the national average, underscoring sustained expansion for Texas’s Employment Statistics.
More related reading
04 · Category
Innovation Metrics16 stats
01
Patent filings in Texas tech sectors reached 45,200 in 2023, up 8% YoY
02
Austin filed 12,500 tech patents in 2023, focusing on semiconductors
03
Texas R&D spending by tech firms: $28B in 2023, 6th nationally
04
AI patents granted to Texas entities: 3,200 in 2023
05
Texas universities produced 15,000 tech graduates with patents in 2023
06
Blockchain patents in Texas: 1,800 filed in 2023
07
Texas tech R&D tax credits claimed $1.2B by 1,200 firms in 2023
08
Quantum computing research papers from Texas: 450 in 2023
09
Texas leads US with 2.1% of global tech patents in semiconductors
10
Venture-backed patents: 8,500 from Texas startups in 2023
11
Texas tech innovation score: 78/100 per 2023 Bloomberg index
12
5G-related patents: 2,400 in Texas 2023
13
Texas SBIR grants awarded: $250M for 450 tech projects in 2023
14
Open-source contributions from Texas devs: 1.2M commits in 2023
15
Texas tech incubators filed 1,100 patents collectively in 2023
16
Robotics patents: 950 in Texas, leading Southern states
Interpretation
Innovation Metrics Interpretation
In 2023, Texas tech innovation surged with 45,200 patent filings, up 8% year over year, alongside major R and D investment of $28B and 3,200 AI patents granted, signaling accelerating momentum across the state’s research and commercialization pipeline.
05 · Category
Venture Capital19 stats
01
Texas VC funding hit $25.4B in 2023, 2nd highest after California
02
Austin VC deals: 620 in 2023, $8.2B invested
03
Early-stage VC in Texas: $7.1B across 450 deals in 2023
04
Texas Series A funding averaged $12.5M per deal in 2023, 180 deals
05
Corporate VC in Texas tech: $3.8B from 45 firms in 2023
06
Fintech VC in Texas: $2.9B raised by 85 startups in 2023
07
Healthtech VC funding: $4.1B in Texas 2023, 120 companies
08
AI startups in Texas secured $5.6B VC in 2023
09
Texas seed funding: 1,200 rounds totaling $2.3B in 2023
10
Late-stage VC: $10.2B in Texas, 65 megadeals over $100M
11
Texas VC firms: 320 active, deploying $28B AUM
12
Female-founded Texas startups raised $1.8B VC in 2023, 15% of total
13
Texas gov grants for tech: $450M awarded to 200 startups in 2023
14
Crowdfunding success: Texas tech raised $320M via platforms in 2023
15
Energy tech VC: $3.2B in Texas, leading US states
16
Exit value from VC-backed Texas tech: $18B in 2023
17
Texas VC deal count up 12% to 1,850 in 2023
18
Median VC round size in Texas: $6.8M in 2023
19
Texas ranks 3rd in VC per capita at $85per resident in 2023
Interpretation
Venture Capital Interpretation
In 2023, Texas venture capital totaled $25.4B with Austin leading at 620 deals for $8.2B, showing that the state’s VC momentum is being driven by both sheer deal volume and strong regional concentration.
Reference
Cite This Report
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APA
David Kowalski. (2026, February 13). Texas Tech Industry Statistics. Gitnux. https://gitnux.org/texas-tech-industry-statistics
MLA
David Kowalski. "Texas Tech Industry Statistics." Gitnux, 13 Feb 2026, https://gitnux.org/texas-tech-industry-statistics.
Chicago
David Kowalski. 2026. "Texas Tech Industry Statistics." Gitnux. https://gitnux.org/texas-tech-industry-statistics.
Sources & references
81 datasets cited across this report · attribution is report-level