Jun
16

IDSA: Number of identities in the enterprise soared with remote work

Ekos, a Charlotte, N.C. startup that creates software to help craft breweries and other beverage companies organize their businesses, announced an $8 million Series A today led by Noro-Moseley Partners, an Atlanta  venture firm.

Prior to taking this funding, the company had bootstrapped for the previous five years, building a business with 1,700 customers in 40 countries. The company has created an entire suite of tools to track everything from what’s in the tank to recipes, raw materials, inventory and so on — everything you need to run a brewery, cidery or wine-making business.

Prior to launching the company in 2014, the founders were thinking about building software for this market niche, so they went around and asked brewers what they were using to track their businesses. Some were just tracking it manually using clipboards and whiteboards. Others were using ERP software like SAP, NetSuite or Microsoft Dynamics. Some were using Google Sheets.

McKinney said he couldn’t believe there wasn’t a set of tools specifically geared for this market, so he and co-founder and CTO Greg Forehand did what any good entrepreneurs would do: They built it. Today’s product includes an app to track the business on a mobile phone, and the ability to set up a drag and drop workflow for the entire operation.

He says he and Forehand actually came up with the business idea independently. He became aware of Forehand in an early sales call. It was certainly odd that two people in the same city came up with the same idea at the same time. Eventually the two met and decided to join forces and form a business together.

It turned out to be a good decision. Upon launching in 2014, the business took off immediately. They got covered in a brewing industry publication, Brewbound, which helped spread the message. By the end of the first year they had 100 breweries on the platform. He said that word also spread by word of mouth, and although they planned to concentrate on the U.S. market for starters, before they knew it they were getting calls from breweries in Canada, New Zealand and Australia. Today he says they have customers just about any place there is a brewery across 40 countries.

The company currently has 32 employees, including just two sales people, who also help the customers with initial setup for their particular needs. They have expanded from beer to cider to wine, and over time they hope to expand into other food and alcoholic beverage markets.

McKinney has big plans for the money. He wants to hire 40 new employees by the end of 2020, including sales and marketing folks, as well as software engineers. He says he recognizes that this will be a big change for his small operation, but it’s something they have been planning for and discussing over the last eight months as they went through the process to find funding.

“I believe very much in being transparent with our team internally, so that nothing is really a surprise. Our team is pretty pumped about the opportunity for our customers and the things we’re going to build, and also getting some new team members in place,” he said.

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Nov
05

Scanwell Health launches smartphone tests for UTIs in partnership with Lemonaid Health

Clay Wilkes had already been retired for six years when he launched Galileo Financial Services in 2000.

The serial entrepreneur, who had been an early pioneer in telecommunications technologies (like voice over internet protocols), saw the need for better connectivity between secondary services and financial institutions 19 years ago, just as new digital services around payroll processing, transit vouchers, store cards and other services were launching.

Now the company runs the backend integrations with financial institutions for some of the biggest names in financial technology and has just raised $77 million in financing from Accel Partners.

Not that Galileo necessarily needed the money. The company has been profitable for years since its bootstrapped beginnings and counts fintech giants like Chime Banking, Robinhood, Monzo and TransferWise among its customers. In fact, the debit and credit card service provider will process nearly $26 billion in financing by the end of the year, according to the company.

For financial services companies that are launching these days there are a few ways to get to market quickly. One is to partner with a financial institution that will handle the money for them in accounts that are FDIC assured; the other is to become a financial provider that’s fully regulated themselves.

Most companies have opted for the second route, and when they do, they need to find a way to hook into a bank’s financial system and the payment technologies that form the backbone of transaction processing through the debit and credit cards that a huge portion of the world relies on to buy things.

Accel partner John Locke, who is joining the Galileo board of directors, calls the company almost the flip side of the Braintree and Stripe investments that power transactions for most online merchants.

Rather than focus on the companies that are taking online orders and processing payments, Galileo deals with the consumers who are spending the money and powers the ways in which companies are trying to offer new services to get those consumers to switch from traditional banks to their upstart challengers (ironically still mostly powered by traditional banks).

“Through the API what they’re doing is creating and managing accounts, authorizing merchant transactions, monitoring fraud, initiating disputes and chargebacks, being able to configure products and a wide variety of product,” said Wilkes. “We support [direct deposit accounts] and we do credit products… all of these capabilities are capabilities that fit on our platform.”

Wilkes wouldn’t talk about the company’s valuation except to say that it’s worth “a substantial amount.”

What he will talk about is how Galileo will use the money it has raised. The Salt Lake City-based startup is planning to greatly expand its geographical reach beyond North America. It’s “actively pursuing opportunities in Brazil and Colombia and Argentina,” according to Wilkes. In fact, the company plans to open an office in Mexico City in the coming months to service new Latin American business.

Meanwhile, it already has something of a stranglehold on the market in the United Kingdom. “The top five largest fintechs in the U.K. are all clients today,” Wilkes said.

Unlike other companies in the market that take a fixed percentage of transactions, Galileo charges a variable amount of a few cents for every transaction that it processes to connect a startup with its banking back end.  

“We’re in a golden era of fintech innovation and Galileo has quietly built the API infrastructure layer powering the industry’s most innovative products,” said Locke in a statement. “Clay and his team have built a very impressive business with many parallels to companies like Qualtrics and Atlassian: bootstrapping first to build a quiet, profitable powerhouse and now, ready to go big globally. We’re excited to help Clay and team take Galileo to the next level.”

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Oct
17

Building a Mission-Driven Company from Sweden: Anders Ankarlid, CEO of A Good Company (Part 1) - Sramana Mitra

Anders is passionate about climate change. His fifth venture is one that explores his passion for sustainability. Sramana Mitra: Let’s start at the very beginning of your journey. Where are you from?...

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Original author: Sramana Mitra

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Jul
19

Adobe CIO talks about watching users to enhance customer experience

TruTag Technologies, a company that creates microscopic, edible barcodes to authenticate medications, food, vaping pods and other products, has raised a $7.5 million Series C. The funding, led by Pangaea Ventures and Happiness Capital, will be used to further commercialize its technology and develop new solutions.

Along with earlier rounds, this brings TruTag’s total funding to $25 million. Its clients include PwC, which uses the company’s technology in its Food Trust Platform quality assurance program for Australian beef exports.

A high magnification of TruTag particles, each of is an edible “chip” that authenticates the product it is applied to.

Called TruTags, the company’s tiny barcodes are made out of nano-porous silica, a material that has received GRAS (generally recognized as safe) notice from the U.S Food and Drug Administration, and can be placed directly on products or in packaging to track it through the supply and logistics chain.

TruTags are used with hyperspectral imaging technology, which is able to process much more wavelengths than other imaging methods, so it can collect more precise and detailed data from an image. When scanned, the barcodes provide information about where a product was manufactured, lot numbers, authorized distributors and safe use.

In email, TruTag chief executive officer Michael Bartholomeusz, who holds a PhD in materials engineering from the University of Virginia, told TechCrunch that the company sees the most growth opportunities in industries, such as pharmaceuticals, nutraceutical foods and cannabis, that deal with counterfeit products from the black market or the “grey market,” including products from unauthorized suppliers.

A conceptual photo of TruTags’ technology.

“TruTags material is an already approved excipient in pills by the FDA. Pharmaceuticals and food comprise a very large portion of the global counterfeiting problem, and given the very unique edible feature of TruTag’s solution, this is a core area of focus for the company,” he says.

For example, the technology can be used to lock vaping systems so they only work with authentic vaping pods, helping reduce the number of counterfeit pods on the market. Bartholomeusz adds that TruTags is close to coming to market in the CBD space.

TruTags’ ability to be placed directly on products, its edibility and instant authentication in one to five seconds differentiates it from other solutions. Bartholomeusz notes that other quality assurance tech include specialized symbols, inks and holograms, though many of those products have the disadvantages of being replicable by high-quality printers or relying on consumers’ ability to recognize them.

In a press statement, Matthew Cohen, director of technology at Pangaea, which focuses on investing in advanced materials technology, said “Pangaea is excited to partner with TruTag and help the company expand its team and product portfolio. We believe TruTag’s edible barcode technology will help increase consumer confidence and ultimately save lives. TruTag is making our world better by utilizing compelling advanced materials and advanced material process innovations to combat rising problems such as drug counterfeiting.”

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Oct
17

Winnow raises $12M Series B for its food waste solution for commercial kitchens

Winnow, the U.K. startup that has developed smart kitchen tech to help commercial kitchens reduce food waste, is disclosing $12 million in Series B funding.

Backing the round is Ingka Group (a strategic partner to the IKEA franchisee system), Mustard Seed, Circularity Capital, D: Ax and The Ingenious Group. It follows a recent $8 million loan from The European Investment Bank (EIB), meaning that Winnow has added $20 million of capital in the last month.

Counting global clients such as IKEA and the Armani Hotel in Dubai, Winnow is on a mission to offer the hospitality industry technology to help cut down on food waste by making commercial kitchens ‘smarter.’ Its latest Winnow Vision product automates waste tracking by using computer vision to track what food is being discarded and therefore enabling kitchens to make better inventory decisions.

Notably, the Winnow system claims to have already reached and surpassed human levels of accuracy in identifying food being thrown away. “This means for clients, over time, these systems will enable their kitchens to automatically register food waste without any human interaction. Food will be thrown in the bin and the data will be captured automatically,” says the company.

More broadly, the idea, as Winnow founder and CEO Marc Zornes likes to put it, is that what gets measured, gets managed. The startups says that kitchens using Winnow tend to see a 40-70% reduction in food waste within 6-12 months, driving food cost savings between 2-8% in total.

Citing its main costs as “hardware and service delivery for each unit deployed,” Zornes says Winnow will use the new cash injection to further improve its technology and focus on “doubling down” on product development. This will include investing in new QA engineers to enhance development, through to front end developers to improve its reporting features.

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Jan
13

1Mby1M Virtual Accelerator Investor Forum: With Francisco Jardim of SP Ventures (Part 1) - Sramana Mitra

Pensando, an edge computing startup founded by former Cisco engineers, came out of stealth mode today with an announcement that it has raised a $145 million Series C. The company’s software and hardware technology, created to give data centers more of the flexibility of cloud computing servers, is being positioned as a competitor to Amazon Web Services Nitro.

The round was led by Hewlett Packard Enterprise and Lightspeed Venture Partners and brings Pensando’s total raised so far to $278 million. HPE chief technology officer Mark Potter and Lightspeed Venture partner Barry Eggers will join Pensando’s board of directors. The company’s chairman is former Cisco CEO John Chambers, who is also one of Pensando’s investors through JC2 Ventures.

Pensando was founded in 2017 by Mario Mazzola, Prem Jain, Luca Cafiero and Soni Jiandani, a team of engineers who spearheaded the development of several of Cisco’s key technologies, and founded four startups that were acquired by Cisco, including Insieme Networks. (In an interview with Reuters, Pensando chief financial offier Randy Pond, a former Cisco executive vice president, said it isn’t clear if Cisco is interested in acquiring the startup, adding “our aspirations at this point would be to IPO. But, you know, there’s always other possibilities for monetization events.”)

The startup claims its edge computing platform performs five to nine times better than AWS Nitro, in terms of productivity and scale. Pensando prepares data center infrastructure for edge computing, better equipping them to handle data from 5G, artificial intelligence and Internet of Things applications. While in stealth mode, Pensando acquired customers including HPE, Goldman Sachs, NetApp and Equinix.

In a press statement, Potter said “Today’s rapidly transforming, hyper-connected world requires enterprises to operate with even greater flexibility and choices than ever before. HPE’s expanding relationship with Pensando Systems stems from our shared understanding of enterprises and the cloud. We are proud to announce our investment and solution partnership with Pensando and will continue to drive solutions that anticipate our customers’ needs together.”

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Oct
17

Rocket Lab successfully launches fifth Electron rocket this year

Rocket Lab has added another successful commercial launch to its track record: The rocket startup’s ‘As The Crow Flies’ mission took off today from its LC-1 launch site in New Zealand as planned. The rocket took off at 9:22 PM ET (6:22 PM PT), during its second launch opportunity of the day after the first window was pushed due to high altitude winds.

This is the ninth Electron launch for the company thus far, and the eighth mission for a commercial customer (the first was a test mission in 2017) since it began ferrying payloads for paying clients in 2018. Today’s launch carried a satellite called ‘Palisade’ for client Astro Digital, which is a technology demonstrator that will test the company’s next-generation geocommunications satellite design.

This mission was a late-stage substitute, swapping in for another Rocket Lab client who had to delay their own launch. Rocket Lab founder and CEO Peter Beck told TechCrunch that “Electron is a launch on demand service — we’re ready when the launch customer is,” highlighting the flexibility of the launch service they offer to adapt to the needs of their customers.

After successful launch and kick stage separation, the Astro Digital satellite now awaits its final deployment into its target orbit, which should happen in the next few hours. We’ll update with the results of that maneuver.

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Jun
16

Introhive raises $100M for AI-powered sales tools to help companies build ‘relationship graphs’

MyGate, a Bangalore-based startup that offers security management and convenience service for guard-gated premises, said today it has bagged more than $50 million in a new financing round as it looks to expand its footprint in the nation.

Chinese internet giant Tencent, Tiger Global, JS Capital and existing investor Prime Venture Partners funded the three-year-old startup’s $56 million Series B financing round. The new round pushes MyGate’s total fundraise to $67.5 million.

MyGate offers an eponymous mobile app that allows home residents to approve entries and exits, communicate with their neighbors, log attendance and pay society maintenance bills and daily help workers.

The startup says it is operational in 11 cities in India and has amassed over 1.2 million home customers. Its customer base is increasing by 20% each month, it claimed. The service is handling 60,000 requests each minute and clocking over 45 million check-in requests each month.

The idea of MyGate came after its co-founder and CEO, Vijay Arisetty, left the Indian armed force. In an interview with TechCrunch, he said his family was appalled to learn about the poor state of security across societies in India.

“This was also when e-commerce companies and food delivery firms were beginning to gain strong foothold in the nation. This meant that many people were entering a gated community each day,” he said.

MyGate has inked partnerships with many e-commerce players to create a system to offer a silent and secure delivery experience for its users. The startup also trains guards to understand the system.

According to industry estimates, more than 45 million people in India today live in gated communities, and that figure is growing by 13% each year. The private security industry in the country is a $15 billion market.

Arisetty says he believes the startup could significantly accelerate its growth as its solution understands the price-sensitive market. Using MyGate costs an apartment about Rs 20 (28 cents) per month. Even at that price, the startup says it is making a profit. “Today, we are seeing more demand than we can handle,” he said.

That’s where the new funding would come into play for the startup, which today employs about 700 people.

The startup plans to use the fresh capital to expand its technology infrastructure, its marketing and operations teams and build new features. The startup aims to reach 15 million homes in 40 Indian cities in the next 18 months.

In a statement, Sanjay Swamy, managing partner at Prime Venture Partners, said, “It’s been great to see a fledgling startup execute consistently and holistically, and grow into a category-creating market-leader.”

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Jan
31

430th Roundtable For Entrepreneurs Starting In 30 Minutes: Live Tweeting By @1Mby1M - Sramana Mitra

Over the past few years, gig economy companies and the treatment of their labor force has become a hot button issue for public and private sector debate.

At our recent annual Disrupt event in San Francisco, we dug into how founders, companies and the broader community can play a positive role in the gig economy, with help from Derecka Mehrens, an executive director at Working Partnerships USA and co-founder of Silicon Valley Rising — an advocacy campaign focused on fighting for tech worker rights and creating an inclusive tech economy — and Amanda de Cadenet, founder of Girlgaze, a platform that connects advertisers with a network of 200,000 female-identifying and non-binary creatives.

Derecka and Amanda dove deep into where incumbent gig companies have fallen short, what they’re doing to right the ship, whether VC and hyper-growth mentalities fit into a sustainable gig economy, as well as thoughts on Uber’s new ‘Uber Works’ platform and CA AB-5. The following has been lightly edited for length and clarity.

Where current gig companies are failing

Arman Tabatabai: What was the original promise and value proposition of the gig economy? What went wrong?

Derecka Mehrens: The gig economy exists in a larger context, which is one in which neoliberalism is failing, trickle-down economics is proven wrong, and every day working people aren’t surviving and are looking for something more.

And so you have a situation in which the system we put together to create employment, to create our communities, to build our housing, to give us jobs is dysfunctional. And within that, folks are going to come up with disruptive solutions to pieces of it with a promise in mind to solve a problem. But without a larger solution, that will end up, in our view, exacerbating existing inequalities.

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Jul
21

Dear Sophie: Should we look to Canada to retain international talent?

&Open is a startup with an unusual name, and one that fills an unusual niche in the business world. It has built a gift-giving platform, so that businesses can reward loyalty with a small token of appreciation. The gift depends on the business and the circumstances, but it could be something like a book or a tea towel and a recipe.

Co-founder and CEO Jonathan Legge says the Dublin-based startup fits most easily in the corporate gift-giving category, but he sees the company handling much more than that. “We are more about gifting for loyalty and customer retention. We grew out of a B2C operation in which we got visibility on this market, and then quickly evolved &Open to fulfill this market,” Legge explained.

In fact, the company developed out of a business Legge had prior to launching &Open, producing high-end gifts. As part of that business, he was finding that he would get requests from CMOs of big companies like Google, Airbnb and Jameson’s to develop gifts for their events. From that, Legge saw the potential for a full-fledged business based on that idea and he launched &Open.

He sees a world in which transactions increasingly take place in the digital realm, yet consumers still crave physical interactions with businesses beyond an email or a text thanking them. That’s where &Open can help.

“We’re filling the space of helping businesses connect with their customers and showing they care, and not by kind of devaluing their own product and putting on sales. It’s more working with the customer support team, the loyalty team or the marketing team to watch the life cycle of the customer and make sure they’re being gifted at key moments in the life cycle and within their journey with a brand,” he said.

He says this definitely is not swag like you would get a conference, but something more personal that shows the brand cares about the customer. Nor is it a set of generic gifts that every &Open customer can select from. Instead it’s a catalog it creates with each one to reflect that brand’s values.

Image: &Open

“We will design a catalog of gifts for our clients, and then they will be grouped into subsets of situations based on price. For Airbnb, the gift set could depend on whether it’s for a host or guest, and there’s different gifts within those situations. So for a host, it will be more stuff for the home such as a recipe book, a tea towel with a recipe or a guest book,” Legge said.

The company has been around since 2017 and is already in 52 countries. To make this all work, it has developed a three-part system. In addition to building a custom catalog for each brand, it has a logistics component to distribute the gift and make sure it has been delivered, and finally a technology platform that brings these different systems together.

The way it works for most customers is that the customer service team or the social media team will see situations where they think a gift is warranted, and they will log into the &Open system and choose a gift based on whatever the circumstances are — such as an apology for bad service or a reward for loyalty.

Today, the company has 25 employees, most of whom are in Dublin. The company is self-funded so far and has not sought outside investment.

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Nov
05

The DeanBeat: Digging into the campaign design of Call of Duty: Vanguard

In our oceans the scale of disasters is measured in millions, billions, and trillions, while solutions amount to single digits: individuals or institutions working to impact a chosen issue with approaches often both brilliant and quixotic. Putting such individuals in close contact with both whales and billionaires is the strange alchemy being attempted by the Sustainable Ocean Alliance’s Accelerator at Sea.

I and a few other reporters were invited to observe said program, a five-day excursion in Alaska that put recent college graduates, aspiring entrepreneurs, legends of the sea, and soft-spoken financial titans on the same footing: spotting whales from Zodiacs in the morning, learning from one another in the afternoon, and drinking whiskey good and bad under the Northern lights in the pre-dawn dark.

The boat — no, not that big one, or that other big one… yes, that one.

In that time I got to know the dozen or so companies in the accelerator, the second batch from the SOA but the first to experience this oddly effective enterprise. And I also gathered from conversations among the group the many challenges facing conservation-focused startups.

(By way of disclosure, I should say that I was among four press offered a spot on the chartered boat; Those invited, from penniless students to deep-pocketed investors, could join provided they got themselves to Juneau for embarkation.)

The picture painted by just about everyone was one of impending doom from a multiplicity of interlinked trends, and as many different approaches to averting or mitigating that doom as people discussing it.

What’s the problem?

In Silicon Valley one grows so used to seeing enormous sums of money expended on things barely categorizable as irritations, let alone serious problems, that it is a bit bewildering to be presented with the opposite: existential problems being addressed on shoestring budgets by founders actually passionate about their domain.

Throughout the trip, the discussions had at almost every occasion, be it looking for bear prints in a tidal flat or visiting a local salmon hatchery, were about the imminent collapse of natural ecosystems and the far-reaching consequences thereof.

Overfishing, rising water temperatures, deforestation, pollution, strip mining, microplastics — everywhere we looked is a man-made threat that has been allowed to go too far. Not a single industry or species is unaffected.

It’s enough to make you want to throw your hands up and go home, which is in fact what some have advised. But the people on this boat are not them. They were selected for their dedication to conservation and ingenuity in pursuing solutions.

Of course, there’s no “solution” to the million of tons of plastic and oil in the oceans poisoning fish and creating enormous dead zones. There’s no “solution” to climate change. No one expects or promises a miracle cure for nature’s centuries of abuse at human hands.

But there are mitigations, choices we can make and technologies we can opt for where a small change can propagate meaningfully and, if not undo the damage we’ve done, reduce it going forward and make people aware of the difference they can make.

Small fish in a big, scary pond

The trip came right at the beginning of the accelerator, a choice that meant they were only getting started in the program and in fact had never met one another. It also meant in many cases their pitches and business models were less than polished. This is for the most part an early-stage program, and early in the program at that.

That said, the companies may be young but the ideas and technologies are sound. I expect to follow up with many as they perfect their hardware, raise money, and complete pilot projects, but I think it’s important to highlight each one of them, if only briefly. The accelerator’s demo day is actually today, and I wish I could attend to see how the companies and founders have evolved.

Some accelerators are so big and so general-purpose that it was refreshing to have a manageable number of companies all clustered around interlinked issues and united by a common concern. If young entrepreneurs trying to change the world isn’t TechCrunch business, I don’t know what is.

The problems may be multifarious, but I managed to group the startups under two general umbrellas: waste reduction and aquatic intelligence.

But before that I want to mention one that doesn’t fit into either category and for other reasons deserves a shout out.

Coral Vita grows corals at many times their normal rate and implants them in dying reefs.

Coral Vita is working on a special method of fast-tracking coral growth and simultaneously selecting for organisms resistant to bleaching and other threats. The founder, Gator Halpern, impressed the importance of the coral systems on us over the trip, as did filmmaker Jeff Orlowski, who directed the harrowing documentaries Chasing Ice and Chasing Coral. (He gave a workshop on storytelling — important when you’re pitching a film or a startup.)

Gator is using a special method to grow corals at 50 times normal rates and hopefully resuscitate reefs around the world, which is awesome, but I wanted to put Coral Vita first because of a horribly apropos coincidence: Hurricane Dorian, the latest in a historically long unbroken line of storms, struck his home and lab in the Bahamas while we were at sea.

It was literally battering the islands while he was supposed to pitch investors, and he used his time instead to ask us to help the victims of the storm. That’s heart. And it serves as a reminder that these are not armchair solutions to invented problems.

If you can spare a buck, you can support Coral Vita and victims of Dorian in the Bahamas here.

Waste reduction

The other companies were addressing problems equally as destructive, if not quite so immediately so.

Humans produce a lot of waste, and a lot of that waste ends up in the ocean, either as whole plastic bags scooping up fish, microplastics poisoning them, or heavier trash cluttering the sea floor. These startups focused on reducing humanity’s deleterious effects on ocean ecosystems.

Cruz Foam is looking to replace one of my least favorite substances, Styrofoam, which I see broken up and mixed in with beach soil and sand all the time. The company has created a process that uses an incredibly abundant and strong material called chitin to create a lightweight, biodegradable packing foam. Chitin is what a lot of invertebrates use to form their shells and exoskeletons, and there’s tons of it out there — but the company has been careful to find ethical sourcing for the volume it need.

Cruz Foam’s chitin-based product, left, and Biocellection’s plastic reduction process.

Biocellection is coming from the other direction, having created a process to break down polyethylenes (i.e. plastics) into smaller molecules that are useful in existing chemical processes. It’s actually upcycling waste plastic rather than repurposing it as a lower grade product.

Loliware was in SOA’s first batch, and creates single-use straws out of kelp material — a timely endeavor, as evidenced by the $6M round A they just pulled in, and backlog of millions of units ordered. Their challenge now is not finding a market but supplying it.

Dispatch Goods and Muuse are taking complementary approaches to reducing single-use items for take-out. Dispatch follows a model in use elsewhere in the world where durable containers are used rather than disposable ones for delivery items, then picked up, washed, and reused. Kind of obvious when you think about it, which is it’s common in other places.

Muuse (formerly Revolv) takes a more tech-centric approach, partnering with coffee shops to issue reusable cups rather than disposable ones. You can keep the cup if you want, or drop it off at a smart collection point and get a refund; RFID tags keep track of the items. Founder Forrest Carroll talked about early successes with this model on semi-closed environments like airports and college campuses.

Repurpose is aiming to create a way to go “plastic neutral” the way people try to go “carbon neutral.” Companies and individuals can sponsor individual landfills where their plastics go, subsidizing the direct removal and handling costs of a given quantity of trash.

Finless Foods hopes to indirectly reduce the huge amount of cost and waste created by fishing (“sustainable” really isn’t) by creating lab-grown tuna tissue that’s indistinguishable from the real thing. It’s a work in progress, but they’ve got a ton of money so you can probably count on it.

Intelligence and automation

The technology used in the maritime and fishing industries tends toward the “sturdy legacy” type rather than “cutting edge.” That’s changing as costs drop and the benefits of things like autonomous vehicles and IoT become evident.

Ellipsis represents perhaps the most advanced, yet direct, application of the latest tech. The company uses camera-equipped drones using computer vision to inspect rivers and bodies of water for plastics, helping cleanup and response crews characterize and prioritize them. This kind of low-level data is largely missing from cleanup efforts, which gave rise to the name, which refers to both the peripatetic founder Ellie and the symbol indicating missing or omitted information

Ellipsis uses computer vision to find plastic waste in water systems.

For larger-scale inspection, autonomous boats like Saildrone are an increasingly valuable tool — but they cost hundreds of thousands of dollars and have their own limitations.

EcoDrone is a lower-cost, smaller, customizable autonomous sailboat that costs more like $2,500. Plenty of missions would prefer to deploy a fleet of smaller, cheaper boats than put all their hopes into one vessel.

Sea Proven is going the other direction, with a much larger autonomous ship: 20 meters long with a full ton of payload space. That opens up entirely new mission profiles that use sophisticated, large-scale equipment and require long-term presence at sea. The company has two ships now embarking on a mission to track whales in the Mediterranean.

Nets and traps are notoriously dumb, producing a huge amount of “bycatch,” animals caught up in them that aren’t what the fishing vessel was aiming (or licensed) to collect. Smart Catch equips these huge nets with a camera that tracks and characterizes the fish that enter, allowing the owner to watch and monitor them remotely and respond if necessary.

Meanwhile “dumb” traps can still be smarter in other ways. Stationary traps in stormy seas are often lost, dragged along the sea bed to an unknown location, there to sit attracting hapless crab and fish until they fall apart centuries from now. Blue Ocean Gear makes GPS-equipped buoys that can be tracked easily, reducing the risk of losing expensive fishing kit and line, and preventing “ghost fishing.”

Connectivity at sea can be problematic, with satellite often the only real option. Sure, Starlink and others are on their way, but why wait? A system of interconnected floating hubs from ONet could serve as hotspots for ships carrying valuable and voluminous data that would otherwise need to be processed at sea or uploaded at great cost.

And integrating all that data with other datasets like those provided by universities, ports, municipalities, NGOs… good luck getting it all in one place. But that’s the goal of SINAY, which is assembling a huge ocean-centric meta-database where users can cross-reference without having to sort or process it locally. Clouds come from oceans, right? So why shouldn’t the ocean be in the cloud?

Accelerator at Sea

The idea of commencing this accelerator program with a trip to southeast Alaska is a fanciful one, no doubt. But an influx of support for the accelerator’s parent organization, the Sustainable Ocean Alliance, made it possible. The SOA raised millions from the mysterious Pine and not-so-mysterious Benioffs, but it also made a deep impression on the founder of Lindblad Expeditions, Sven Lindblad, who offered not just to host the event but to attend and speak at it.

He joined several other experts and interesting people in doing so: Former head of Google X Tom Chi, Value Act’s Jeff Ubben, Gigi Brisson and her Ocean Elders, including Captain (ret.) Don Walsh, the first man to reach the bottom of the Challenger Depths in the Marianas Trench. He’s hilarious, by the way.

I met SOA founder Daniela Fernandez at a TechCrunch event a few years ago when all this was just one of many twinkles in her twinkly eyes, and it’s been rewarding to watch her grow a community around these issues, which have passionate supporters around the globe if you’re willing to look for them and validate their purpose. It’s not a surprise to me at all that she has collected such an impressive group.

The boat, departing from Juneau, made a number of stops at local places of interest, where we would meet locals in the fishing industry, whale researchers, and others, or hear about the local economy ecology from one of the boat’s designated naturalists. In between these expeditions we did team-building exercises, honed pitches, and heard talks from the people mentioned above on hiring practices, investment trends, history.

These people weren’t just plucked from from the void — they are all part of the extended community that the SOA and Fernandez have built over the last few years. The organization was built with the idea of putting young, motivated people together with older, more experienced ones, and that’s just what was happening.

In a way it was what you might expect out of an accelerator program: Connecting startups with industry veterans and investors (of which there were several present) and getting them the advice and exposure they need. There was a pitch competition — the “Otter Sanctuary” (you had to be there).

But there was something very different about doing it this way — on a boat, I mean. In Alaska. With bears, whales, and the northern lights present at every turn.

“For the first time ever, we brought together a community of ocean entrepreneurs from all around the world and allowed them to become fully immersed in the environment that they have been working so hard to protect,” said Craig Dudenhoffer, who runs the accelerator program. “It was amazing to see the entrepreneurs establishing lifelong relationships with each other and with members of the SOA community. It might seem counter-intuitive for a technology entrepreneur, but sometimes you have to disconnect from technology in order to reconnect with your mission.”

In a normal startup accelerator, and in fact for the remainder of this one, aspiring entrepreneurs are living on their own somewhere, coming into a shared office space, attending office hours, meeting VCs in their offices or at demo days. That’s just fine, and indeed what many a startup needs — a peer group, a focal point in space and time, goals and advice.

On the boat, however, these things were present, but secondary to the experience of, say, standing next to someone under the aurora. I’m aware of how that sounds — “it was an experience, man!” — but there’s something fundamentally different about it.

In an office in the Bay Area, there is an established power structure and hierarchy. Schedules are adjusted around meetings, priorities are split, time and attention are devoted in formal 15-minute increments. On the boat there was no hierarchy, or rather the artificial one to which we would cleave in the city was flattened by the scale of what we were learning and experiencing.

You’d be in a zodiac or pressed against the railing with your binoculars, talking about whales and the threat of microplastics with whoever’s next to you in a normal fashion, only to find out they’re a billionaire who you’d never be able to meet directly with at all, let alone on equal terms.

Sitting at breakfast one day the guy next to me started talking about hydrogen-powered trucking — I figured I’d indulge this harmless idealist. In fact it was Jeff Ubben and Value Act was investing millions in an ecosystem they fully expect to take over the west coast. This sort of encounter was happening constantly as people engaged naturally, acting outside the established hierarchies and power structures.

Part of that was the gravity of the issues the startups were facing, and which we were reminded of repeatedly by the impending hurricane, the hatchery warning of salmon apocalypse, the visibly collapsing ecosystems, and perhaps most poignantly by the changes seen personally by Don and Sven, who were been on the seas professionally long before I was even born.

“It’s like salmon eggs”

On the last night of the trip, I shared a glass of wine with Sven to talk about why he was supporting this endeavor, which was undoubtedly expensive and certainly unusual.

“From a business perspective, I depend on the ocean — but there’s a personal connection as well. I’m constantly looking for ways to protect what we depend on,” he began. “We have a fund that generates a couple million dollars a year, and we find different people that we believe in — that have an idea, a passion, intelligence. You meet someone like Daniela, you want to go to bat for them.”

“When you’re 21 or whatever, you have all these idealistic thoughts about making a difference in the world. They need support in a variety of ways — advice, finance, mentorship, all these things are part of the puzzle,” he said. “What SOA has done is recognize people that have a good idea. Left to their own devices most of them would probably fail. But we can provide some support, and it’s like with salmon eggs – maybe instead of one in a million surviving, maybe two, or five survive, you know?”

“Tech is a valuable tool, but it has to serve to support an idea. It isn’t the idea. Eliminating plastics and bycatch, making data more useful, putting sonar sensors on robotic boats, all very interesting. We need solutions, actions, ideas, as fast as we can, to accelerate the change in behavior as fast as we can.”

His earnest replies soon became emotional, however, as his core concern for the ocean and planet in general took over.

“We’re fucked,” he said simply. “We are literally destroying the next generation’s future. I’ve been with colleagues and we’ve wept over glasses of wine over what we’re doing.”

“I have two personalities,” he explained. “And most of my friends, associates, scientists have these dual personalities, too. One is when they look in the mirror and talk to themselves — that tends to be more pessimistic. But the other is the external personality, where being pessimistic is not helpful.”

“Something like this really activates that optimism,” he said. “At the end of the day young people have to grab their future, because we sure haven’t done a great job of it. They have to get out there, they have to vote, they have to take control. Because if the system really starts to collapse… I don’t think anyone even begins to understand the magnitude of it. It’s unfathomable.”

The Accelerator at Sea program was a fascinating experience and I’m glad to have taken part. I feel sure it was valuable for the startups as well, and not just because of the $25,000 they were each spontaneously awarded from the investors on board, who in closing remarks emphasized how important it is that startups like these and the people behind them are supported by gatekeepers like venture firms and press.

The combination of good times in nature, stimulating experts and talks, and a group of highly motivated young entrepreneurs was a powerful mixture, and unfortunately one that is difficult to describe even in 3,000 words. But I’m glad it exists and I look forward to following the progress of these companies and the people behind them. You can keep up with the SOA at its website.

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Oct
16

This brilliant app waits on hold for you

DoNotPay helps you get out of parking tickets and cancel forgotten subscriptions, and now it can call you when it’s your turn in a customer service phone queue. The app today is launching “Skip Waiting On Hold.” Just type in the company you need to talk to, and DoNotPay calls for you using tricks to get a human on the line quickly. Then it calls you back and connects you to the agent so you never have to listen to that annoying hold music.

And in case the company tries to jerk you around or screw you over, the DoNotPay app lets you instantly share to social media a legal recording of the call to shame them.

Skip Waiting On Hold comes as part of the $3 per month DoNotPay suite of services designed to save people time and money by battling bureaucracy on their behalf. It can handle DMV paperwork for you, write legal letters to scare businesses out of overcharging you and it provides a credit card that automatically cancels subscriptions when your free trial ends.

“I think the world would be a lot fairer place if people had someone fighting for them” says DoNotPay’s 22-year-old founder Joshua Browder. Indeed; $3 per month gets the iOS app‘s 10,000 customers unlimited access to all the features with no extra fees or commissions on money saved. “If DoNotPay takes a commission then we have an incentive to perpetuate the problems we are fighting against.”

Browder comes from a family of activists. His father Bill Browder got the Magnitsky Act passed, which lets the U.S. government freeze the foreign assets and visas of human rights abusers. It’s named after Bill’s Russian lawyer who was murdered in Moscow after uncovering a $230 million government corruption scheme linked to President Putin’s underlings.

“These big companies [and governments] are getting away with a lot,” Browder tells me. He hit a breaking point when frustrated with the process of appealing parking tickets. He built DoNotPay to cut through hassles designed to separate us from our money. In April it raised a $3.5 million seed round led by Felicis to develop an Android version after picking up early funding from Andreessen Horowitz. Surprisingly, the startup has never been sued.

For Skip Waiting On Hold, DoNotPay built out a database of priority and VIP customer service numbers for tons of companies. For legality, if you opt in to recording the exchanges, the app automatically plays a message informing both parties they’ll be recorded. A human voice detection system hears when a real agent picks up the phone, and then rings your phone. It’s like having customer service call you.

Not only can DoNotPay help you get in touch about cancelling subscriptions, scoring refunds or retrieving information, it’s like “a body camera for customer service calls,” Browder says. “Before they make a decision that rips off the customer, they’ll think ‘this could be made public and go viral and hurt our business.’ ” For example, an airline that jacks up prices for rescheduled flights surrounding hurricanes could be shamed for profiting off of natural disasters.

The full list of DoNotPay services includes:

Customer service disputes where it contacts companies about refunds for Comcast bills, delayed flights, etc.The free trial credit card that auto-cancels subscriptions before you’re actually chargedTraffic and parking appeals where it generates a letter for you based on answers to questions, like if signs were too hard to read or there was a mistake on the ticketHidden money discovery that finds refunds in your bank fees, identifies forgotten subscriptions, gets you free stuff on your birthday and moreGovernment paperwork assistance that can help you get DMV appointments and fill out formsSkip Waiting On Hold

Browder hopes that with time, companies and governments will make all these chores easier for everyone. To avoid putting itself out of a job, DoNotPay is constantly looking for new annoyances to eliminate. “I’m from the U.K. America seems to be a pay-to-play society. The more money you have, the more rights you have,” Browder concludes. But those rights could be restored for all by building a robot lawyer that’s affordable to everyone.

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Oct
16

Uber integrates electric moped service Cityscoot in Paris

Uber wants to become a super app by providing multiple services in a single app. That’s why the company is announcing an integration with French startup Cityscoot.

Cityscoot is a free-floating electric scooter service (moped scooters). Just like other free-floating mobility services, you can open an app, locate the nearest vehicle around you, unlock it and ride.

And Cityscoot has been doing well, as the company now has 4,000 scooters in Paris. It has raised €40 million and expanded to Nice, Milan and Rome.

In the coming days, Uber will activate an integration with Cityscoot in the Uber app. You’ll be able to locate, get the unlock code and pay straight from the Uber app. A Cityscoot ride costs €0.29 per minute.

This could boost Cityscoot’s usage numbers and provide another source of revenue for Uber. I’m sure there’s some referral agreement between the companies.

Uber is now much more than a ride-hailing app in Paris. The company has already launched Jump bikes and scooters in Paris. And Uber also plans to launch public transport directions in Paris.

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Jan
10

Check out the trailer for Jordan Peele’s new YouTube series ‘Weird City’

Autify, a platform that makes testing web application as easy as clicking a few buttons, has raised a $2.5 million seed round from Global Brain, Salesforce Ventures, Archetype Ventures and several angels. The company, which recently graduated from the Alchemist accelerator program for enterprise startups, splits its base between the U.S., where it keeps an office, and Japan, where co-founders Ryo Chikazawa (CEO) and Sam Yamashita got their start as software engineers.

The main idea here is that Autify, which was founded in 2016, allows teams to write tests by simply recording their interactions with the app with the help of a Chrome extension, then having Autify run these tests automatically on a variety of other browsers and mobile devices. Typically, these kinds of tests are very brittle and quickly start to fail whenever a developer makes changes to the design of the application.

Autify gets around this by using some machine learning smarts that give it the ability to know that a given button or form is still the same, no matter where it is on the page. Users can currently test their applications using IE, Edge, Chrome and Firefox on macOS and Windows, as well as a range of iOS and Android devices.

Chikazawa tells me that the main idea of Autify is based on his own experience as a developer. He also noted that many enterprises are struggling to hire automation engineers who can write tests for them, using Selenium and similar frameworks. With Autify, any developer (and even non-developer) can create a test without having to know the specifics of the underlying testing framework. “You don’t really need technical knowledge,” explained Chikazawa. “You can just out of the box use Autify.”

There are obviously some other startups that are also tackling this space, including SpotQA, for example. Chikazawa, however, argues that Autify is different, given its focus on enterprises. “The audience is really different. We have competitors that are targeting engineers, but because we are saying that no coding [is required], we are selling to the companies that have been struggling with hiring automating engineers,” he told me. He also stressed that Autify is able to do cross-browser testing, something that’s also not a given among its competitors.

The company introduced its closed beta version in March and is currently testing the service with about a hundred companies. It integrates with development platforms like TestRail, Jenkins and CircleCI, as well as Slack.

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Oct
16

Thought Leaders in Healthcare IT: PatientMatters CEO David Shelton (Part 1) - Sramana Mitra

David discusses automation in the patient on-boarding process for hospitals to make the financial implications flow seamlessly. His company manages this for 300 hospitals. Sramana Mitra: Let’s start...

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Original author: Sramana Mitra

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Jul
21

WhenThen’s no-code payments platform attracts $6M from European VCs Stride and Cavalry

Canva, the Australian-based design tool maker, has today announced that it has raised an additional $85 million to bring its valuation to $3.2 billion, up from $2.5 billion in May.

Investors in the company include Mary Meeker’s Bond, General Catalyst, Bessemer Venture Partners, Blackbird and Sequoia China.

Alongside the new funding and valuation, Canva is also making its foray into enterprise with the launch of Canva for Enterprise.

Thus far, Canva has offered users a lightweight tool set for creating marketing and sales decks, social media materials and other design products mostly unrelated to product design. The idea here is that, outside of product designers, the rest of the organization is often left behind with regards to keeping brand parity in the materials they use.

Canva is available for free for individual users, but the company has addressed the growing need within professional organizations to keep brand parity through Canva Pro, a premium version of the product available for $12.95/month.

The company is now extending service to organizations with the launch of Canva for Enterprise. The new product will not only offer a brand kit (Canva’s parlance for Design System), but will also offer marketing and sales templates, locked approval-based workflows and even hide Canva’s massive design library within the organization so employees only have access to their approved brand assets, fonts, colors, etc.

Canva for Enterprise also adds another layer of organization, allowing collaboration across comments, a dashboard to manage teams and assign roles, and team folders.

“We’re in a fortunate place because the market has been disaggregated,” said Canva CEO and founder Melanie Perkins. “The way we think about the pain point consumers have is that people are being inconsistent with the brand, and there are huge inefficiencies within the organization, which is why people have been literally asking us to build this exact product.”

More than 20 million users sign in to Canva each month across 190 countries, with 85% of Fortune 500 companies using the product, according to the company.

Perkins says the ultimate goal is to have every person in the world with access to the internet and a design need to be on the platform.

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Nov
05

Solana, Lightspeed, and FTX announce web3 gaming investment initiative

One of the major challenges facing engineers as they develop more agile robots is helping them move through space while avoiding collisions, especially in a dynamic environment. Realtime Robotics, a Boston-based startup, announced an $11.7 million Series A investment to help solve this problem.

SPARX Asset Management led the round, with participation from some strategic investors, including Mitsubishi Electric Corporation, Hyundai Motor Company and Omron Ventures. Existing investors Toyota AI Ventures, Scrum Ventures and the Duke Angel Network also pitched in. Today’s investment is actually the culmination of a couple of investments over this year that the company is announcing today, and brings the total raised to $12.9 million.

Realtime Robotics CEO Peter Howard says the company’s solutions are grounded in advanced research on robotic motion planning. “We are based on research work done at Duke University in 2016 in the field of work called robotic motion planning, which is basically how a six or seven degree of freedom robot finds its way through space without hitting anything,” Howard told TechCrunch.

It’s an extremely difficult problem to solve, especially in dynamic environments where robots are interacting with humans and other robots, and you can’t necessarily predict with precision the kinds of movements the robot will have to make. The company has created a two-part solution to help, called RapidPlan and RapidSense, which it describes as, “allowing people and multiple robots to work collaboratively and cooperatively within the same work cell, without the need for expensive safety systems or time-consuming programming efforts.” The solution involves a combination of proprietary hardware and software working together to help robots move through space safely.

It’s still very early days for the startup. It’s currently working with 13 customers on proof of concept projects with a goal of having these customers act as OEMs and sell the products on behalf of the company. He said that major robotics companies are working with the technology, as well as several automotive companies, which would also have an interest in collision avoidance with self-driving cars. In fact, Toyota was one of its earliest investors and Hyundai is an investor in this round.

Howard says once it establishes itself in these markets, he could see looking at other industries that could make use of this technology, such as agriculture, food service and construction. “Anywhere where people are currently employed principally for their motor skills, you can think of as a market that’s fairly ripe for [this type of technology],” Howard said.

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Nov
05

Rony Abovitz’s Sun and Thunder teases Yellow Dove — Misbeliever short film

According to a report by MGI Research, the total addressable market of contract lifecycle management companies is estimated to grow at a CAGR of 31% to $20 billion over the next five years. Bellevue,...

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Original author: MitraSramana

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Nov
02

Fortnite is shutting down in China

Data privacy for apps is typically part of the purview of compliance teams — a model that isn’t always perfect, judging by the number of breaches and the extensive regulation that’s been (and is still being) put in place to force companies and organizations to behave better. Now, in an effort to improve how apps manage data privacy, a startup called Evervault — founded by a 19-year-old in Dublin, Ireland — is building a data protection solution aimed at developers, by way of an API, which aims to bake data protection into the app from the start.

To help get its product out to market, the company today is announcing that it has raised $3.2 million in seed funding from a high-profile set of investors. Led by Sequoia, the round also includes Kleiner Perkins, Frontline, SV Angel and other unnamed backers.

Ultimately, the aim will be to sell Evervault into any app or piece of software that uses PII (personally identifiable information), to help developers build encrypted “data cages” to handle the information from the moment it’s ingested.

“I believe that once data has been ingested, it should be encrypted and never decrypted again,” founder Shane Curran said in an interview. “There’s a philosophical argument to be made over offering privacy at different levels, but we’re looking at the holistic side of things. If your app gets breached, the data will not leak.”

The investor list in this seed round is impressive, but also all the more notable when you consider that Evervault’s product has yet to be released.

Curran, the company’s CEO — and as of the time of writing, only full-time employee — said in an interview that Evervault’s API has been built, but the startup is still working on how to run it efficiently at scale. The funding will be used to help with that, as well as to hire more people for the team. (There are two others joining Curran soon, he said.)

Evervault’s product is notable because it represents a shift in how companies are approaching data privacy.

“It’s moving away from compliance teams because it should be in products from day one,” said Evervault’s 19-year-old founder, explaining why it’s focusing on developer tools.

“Originally, I thought of how to solve data protection from the developer side as a mathematical problem, but it was only having done the research and getting exposed to others in that space that it became something interesting to me,” he added.

A lot of the early work in building so-called “data cages,” Curran noted, was targeted at “crypto anarchists,” but that idea has evolved as data breaches have grown and the concept of data protection has entered the mainstream consciousness. This has opened up an opportunity to build solutions so that companies can continue to operate online as they do but in a way that your data stays private.

“It should be something more reasonable beyond the idea of ‘companies should never touch our data,’ ” he said. The aim with Evervault, he said, is to make a service more secure with regards to personal data, but in a way that doesn’t compromise the experience for the user, or the app/software company itself.

The idea of building a completely new way of handling data protection, while using a method that will let businesses continue operating as they do, is part of what compelled some of this investment.

“Data is king, and the team at Evervault is on a mission to solve the ‘how’ of ensuring data privacy,” said Mamoon Hamid, partner, Kleiner Perkins. “Their developer-first approach ensures that data privacy becomes part of the development fabric, instead of an afterthought left for compliance to troubleshoot. We’re thrilled to partner with Evervault and help build the new internet infrastructure for data privacy.”

On another level, the idea of baking data protection into the app’s code itself also follows on from a bigger trend in building apps, where components are brought in from outside by way of APIs rather than built from the ground up when they are not part of the team’s core competency, or commoditised processes.

It’s the same model we see when apps with voice interfaces might, for example, use NLP from Amazon rather than building that function in-house; or an e-commerce service integrates a payment API from Stripe for transactions.

The Stripe comparison, it turns out, is relevant in more ways than one.

Curran first conceived of the idea that became Evervault when he was just 17, as the basis of what became his top-prize-winning submission for the BT Young Scientist & Technology Exhibition, an annual competition in Ireland. (His original description of the tech was this: “qCrypt: The quantum-secure, encrypted, data storage platform with multijurisdictional quorum sharding technology.”)

This happened to be the same competition that brought attention to Patrick Collison, Stripe’s co-founder and CEO, who in 2005 also won first prize in the Young Scientist Exhibition, when he was also still a student, for having developed a new computer language, CROMA, as a dialect of LISP to simplify coding.

Putting CROMA to one side, Collison went on to co-found and sell one company, Auctomatic, and then start the extremely successful Stripe.

And that is where the two (for now at least) have diverged. Since winning the competition in 2017, Currant has stayed with his original concept to see how much further he could take it.

Jetting off to the Bay Area to pitch it to what he referred to as the “Irish mafia” in Silicon Valley, one coffee led to another, and, before he knew it, he was meeting with tier-one VCs and angels. They not only convinced him to develop his prize-winning idea into a business, but gave him money to do it.

For the record, Curran did finish high school but told me he spent only “a few days” at university before deciding to take a leave of absence to pursue Evervault.

“Shane has a special combination of clear vision, deep thoughtfulness and insatiable curiosity,” said Stephanie Zhan, partner at Sequoia, in a statement. “We are thrilled to partner with Evervault at the seed, to solve for today’s massive data breaches and build simple developer tools for data privacy.”

It’s a pretty classic Silicon Valley story: gifted, young founder starts out with a curious, pure interest in a subject, has a coding breakthrough, turns entrepreneur to leverage that into a startup, then finds funding and business success.

But as with all stories that follow this essentially fairy-tale format, it glosses over some of the challenges: Curran is still only 19, he’s building a company from scratch and his idea remains, essentially, untested as the product has not launched.

“Imposter syndrome is very real,” Curran said, before backtracking a bit. “I mean, I always knew what I wanted to do, but I would have never thought that Sequoia or the others would invest in me. Very spontaneously, this thing just fell together, but then I think, I couldn’t have done it any better. This does set the bar very high, but I’m not complaining.”

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Jan
21

Skylo raises $103 million to affordably connect the Internet of Things to satellite networks

Mark Mullison: What was so exciting to us is that the AI engine not only decided to deal with the cafeteria at lunch and the trips on the loading dock, but also with the laptop thefts in the lab. It...

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Original author: Sramana Mitra

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