{"id":43524,"date":"2022-05-28T11:23:29","date_gmt":"2022-05-28T15:23:29","guid":{"rendered":"https:\/\/sciencebusiness.technewslit.com\/?p=43524"},"modified":"2022-05-28T11:23:29","modified_gmt":"2022-05-28T15:23:29","slug":"infographic-emerging-u-s-tech-hubs","status":"publish","type":"post","link":"https:\/\/technewslit.com\/sciencebusiness\/?p=43524","title":{"rendered":"Infographic – Emerging U.S. Tech Hubs"},"content":{"rendered":"
\"Chart:<\/a>
Click on image for full-size view (CB Insights)<\/figcaption><\/figure>\n

28 May 2022. If it seems Science & Enterprise reports more often on developments in Boston, New York, and San Francisco\/Silicon Valley, you would be correct. Much of U.S. technology investment and business activity is centered in those urban regions. Data posted on Thursday by technology intelligence company CB Insights<\/a>, however, show over the past year, cities in Texas and Florida are now attracting more technology venture deals, if not dollars.<\/p>\n

The CB Insights data<\/a> indicate since the beginning of 2021 venture capital investments in tech companies are gaining in Austin and Dallas, and the number of deals is also on the rise in Miami. Start-ups in Austin and Dallas raised $1.8 billion and $2.3 billion respectively during the first quarter of 2022, in 105 deals for Austin and 54 deals in Dallas. New tech companies in Miami attracted a record 81 venture deals in Q1 2022, although the dollar volume of those deals dropped by half to $1.1 billion in the first quarter of 2022.<\/p>\n

CB Insights says, “Austin is now the fastest-growing major metro area in the US, with an estimated 184 new residents each day.” And, says the report, Austin is gaining tech workers at a higher rate than any other U.S. metro area, citing data from LinkedIn. Much of those gains, according to CB Insights, is at the expense of San Francisco and Silicon Valley, led by Tesla and Oracle that moved their headquarters to Austin during the pandemic.<\/p>\n

In Dallas, as shown in the chart, tech investment dollar volumes exploded in Q4 2021 and Q1 2022, while the number of venture deals are trending upward since the beginning of 2021. In Miami, the number of deals is steadily rising over the past five quarters, while total investment dollars dropped in from Q4 2021 to Q1 2022. CB Insights says for the U.S. as a whole<\/a>, venture investment dollars dropped from $92 billion in Q4 2021 to $71.2 billion in Q1 2022, while deals inched up from 3,225 to 3,261.<\/p>\n

More from Science & Enterprise:<\/p>\n