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With new funding and a company looking to go public, find out how the Austin tech scene is growing and evolving with developments over the past week. This is the weekly update from Built In Austin.

Austin is the top destination for California technology companies. So far this year, about 53 companies have relocated their headquarters from California to Texas, 11 of which are based in Austin. With opportunities like lower costs for businesses moving there, Austin continues to attract more tech talent and cement its status as one of the largest tech hotspots in the country. [Austin Business Journal]

Founding Institute Austin announced its 2021 program graduates. With over 120 applicants, the accelerator’s four-month program for pre-seed startups announced the latest graduates. Six companies have completed the program and now have access to the Founder Institute’s global network of support programs as they grow their businesses. The…

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