Jan
16

It Can All Go To Zero

At the very beginning, there were 21 startups. After three days of incredibly fierce competition, we now have a winner.

Startups participating in the Startup Battlefield have all been hand-picked to participate in our highly competitive startup competition. They all presented in front of multiple groups of VCs and tech leaders serving as judges for a chance to win $100,000 and the coveted Disrupt Cup.

After hours of deliberations, TechCrunch editors pored over the judges’ notes and narrowed the list down to five finalists: CB Therapeutics, Forethought, Mira, Origami Labs and Unbound.

These startups made their way to the finale to demo in front of our final panel of judges, which included: Cyan Banister (Founders Fund), Roelof Botha (Sequoia Capital), Jeff Clavier (Uncork Capital), Kirsten Green (Forerunner Ventures), Aileen Lee (Cowboy Ventures) and Matthew Panzarino (TechCrunch).

And now, meet the Startup Battlefield winner of TechCrunch Disrupt SF 2018.

Winner: Forethought

Forethought has a modern vision for enterprise search that uses AI to surface the content that matters most in the context of work. Its first use case involves customer service, but it has a broader ambition to work across the enterprise.

Read more about Forethought in our separate post.

Runner-Up: Unbound

Unbound makes fashion-forward vibrators, and their latest is the Palma. The new device masquerades as a ring, offers multiple speeds, and is completely waterproof. And the team plans to add accelerometer features.

Read more about Unbound in our separate post.

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Jan
15

2018 IPO Prospects: WeWork on a Buying Spree - Sramana Mitra

Branch, the deep-linking startup backed by Andy Rubin’s Playground Ventures, will enter the unicorn club with an upcoming funding round.

The four-year-old company, which helps brands create links between websites and mobile apps, has authorized the sale of $129 million in Series D shares, according to sources and confirmed by PitchBook, which tracks venture capital deals. The infusion of capital values the company at roughly $1 billion.

In an e-mail this morning, Branch CEO Alex Austin declined to comment.

The Redwood City-based startup closed a $60 million Series C led by Playground in April 2017, bringing its total equity raised to $113 million. It’s also backed by NEA, Pear Ventures, Cowboy Ventures and Madrona Ventures. Rubin, for his part, is a co-founder of Android, as well as the founder of Essential, a smartphone company that, though highly valued, has had less success.

Branch’s deep-linking platform helps brands drive app growth, conversions, user engagement and retention.

Deep links are links that take you to a specific piece of web content, rather than a website’s homepage. This, for example, is a deep link. This is not.

Deep links are used to connect web or e-mail content with apps. That way, when you’re doing some online shopping using your phone and you click on a link to an item on Jet.com, you’re taken to the Jet app installed on your phone, instead of Jet’s desktop site, which would provide a much poorer mobile experience.

Branch supports 40,000 apps with roughly 3 billion monthly users. The company counts Airbnb, Amazon, Bing, Pinterest, Reddit, Slack, Tinder and several others as customers.

Following its previous round of venture capital funding, Austin told TechCrunch that the company had seen “tremendous growth” ahead of the raise.

“[We] have been fortunate enough to become the clear market leader,” he said. “There’s so much more we can accomplish in deep linking and this money will be used to fund Branch’s continued platform growth.”

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Sep
07

1Mby1M Virtual Accelerator Investor Forum: With Anshu Sharma (Part 5) - Sramana Mitra

Sramana Mitra: What did you do in the healthcare space? Anshu Sharma: In healthcare, I started a company along with other founders. They’re still in stealth mode. People can learn more by googling...

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Original author: Sramana Mitra

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Sep
07

Rigetti announces its hybrid quantum computing platform — and a $1M prize

Rigetti, a quantum computing startup that is challenging the likes of IBM, Microsoft and Google in this nascent space, today at our TechCrunch Disrupt SF 2018 event announced the launch of its new hybrid quantum computing platform.

While Rigetti already offered API access to its quantum computing platform, this new service, dubbed Quantum Cloud Services (QCS), offers a combination of a cloud-based classical computer, its Forest development platform and access to Rigetti’s quantum backends. Thanks to this, developers will be able to write and test their algorithms significantly faster than with the company’s previous approach.

In addition to the new platform, which is now in private testing, Rigetti also announced a $1 million prize for the first team that manages to show quantum advantage on this hybrid platform. Quantum advantage, at least according to Rigetti’s definition, is the milestone where a quantum system will be able to solve a real problem that is beyond the reach of classical computers. The company plans to announce more details around this prize at the end of October.

As Rigetti founder and CEO Chad Rigetti told me, the reason the hybrid approach is faster is simply because the two systems are closely integrated — and you will likely always need a classical computer in parallel with a quantum computer for solving virtually any problem. And the company expects that this hybrid approach — and likely the 128-qubit machine that Rigetti plans to launch next year — will allow for running an algorithm that demonstrates quantum advantage. The current API Rigetti makes available to developers features 8-qubit and 19-qubit machines. Those machines are nowhere near powerful enough to show quantum advantage, but they do give developers the ability to start experimenting with using quantum computers.

On the old platform, Rigetti also noted, the kind of loops you need to run to use the quantum machine for machine learning, for example, had a latency on the order of a second or more. “A lot of these algorithms require thousands and tens of thousands of iterations,” Rigetti said. “And now we have reduced this down to the order of milliseconds.”

Rigetti also today announced that it is partnering with a number of leading quantum computing startups (the kind that work on the software, not the hardware side of this ecosystem). These startups, including Entropica Labs, Horizon Quantum Computing, OTI Lumionics, ProteinQure, QC Ware and Riverlane Research, will build and distribute the applications through the Rigetti QCS platform.

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Sep
07

1Mby1M Virtual Accelerator Investor Forum: With Ben Mathias of Vertex Ventures (Part 1) - Sramana Mitra

Responding to a popular request, we are now sharing transcripts of our investor podcast interviews in this new series. The following interview with Ben Mathias of Vertex Ventures was recorded in...

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Original author: Sramana Mitra

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Sep
07

413th Roundtable Recording on September 6, 2018 - Sramana Mitra

In case you missed it, you can listen to the recording here:

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Original author: Maureen Kelly

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Sep
16

PlayStation VR2 is not compatible with older PSVR titles

Starry, a Boston startup, wants deliver high-speed 5G internet in major cities at a reasonable price. Today, it announced it is expanding service from its initial launch in Boston to New York City. The company also announced a deal with Related Companies, a large national affordable housing owner, to host Starry equipment on its buildings and offer Starry service to its tenants.

The Starry solution consists of three parts: The beam sits on a high roof. The point sits on a lower roof and the consumer gets a Starry Station, which acts as a modem of sorts to deliver the internet service to the home. As they put it, internet access becomes an extension of the property.

Diagram: Starry

While the hardware solution is impressive in itself, it allows Starry to offer high-speed internet to consumers at a more affordable price point than traditional large providers. Company founder and CEO Chet Kanojia says his company can provide up to 200 Megabits per second service, up and down, for just $50 a month with no data caps or long-term contracts. Installation is free and the company includes 24/7 customer care at no additional cost.

While it’s hard to compare pricing across services, Starry should appeal to cord cutters, who have dropped cable TV for more affordable streaming alternatives and have been looking for a way to free themselves from large internet service providers. It’s fair to say that no other provider offers this kind of speed up and down for that price.

The solution requires high rooftops to place the enabling infrastructure and the arrangement with Related is particularly interesting in this context. The deal is good for both parties, giving Starry the infrastructure it needs to place its equipment in major cities, while providing Related tenants with low-cost internet access starting later this year.

“Our first strategic partnership is with Related’s properties, which is a big property ownership company in all the major cities. It allows us to basically extend our network using their infrastructure, rooftops and buildings,” Kanojia said.

The startup plans to provide service to other New York City residents starting in parts of Manhattan and Brooklyn this fall, and expanding to other parts of the city over time. They also available in Washington and LA with 18 other cities coming on board in the next year.

The company launched in 2014 and spent a couple of years developing the hardware part of the solution. It has raised $163 million, according to data supplied by the company. The most recent round was $100 million Series C in July. It’s worth noting that their new partner, Related joined that most recent investment.

Kanojia helped launched Aereo, a startup that wanted to deliver low-cost television by placing antennas on rooftops and letting consumers view broadcast TV over the internet. That idea was shot down by the US Supreme Court when broadcasters sued for copyright violations, and the company went out of business soon after. Starry could be seen as an extension of that idea, but delivering internet instead of the TV signals themselves.

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Sep
07

Sonatype raises $80 million to build out Nexus platform

Sonatype, a cybersecurity-focused open-source company, has raised $80 million from investment firm TPG.

The company said the financing will help extend its Nexus platform, which it touts as an enterprise ready repository manager and library, which among other things tracks code and helps to keep everything in the devops pipeline up-to-date and secure.

It’s that kind of technology that Sonatype says can prevent another Equifax -style breach of over 147 million consumers’ data. Earlier this year, the company found over dozens of Fortune Global 100 companies that downloaded outdated and vulnerable versions of Apache Struts, which Equifax failed to patch or update.

Sonatype’s chief executive Wayne Jackson his company can help prevent those type of breaches.

“We monitor literally millions of open source commits per day,” he told TechCrunch. “Last year hundreds of billions of components were downloaded by software developers, 12 percent of which had known security defects.”

The funding will go to extend the company’s Nexus platform, Jackson said.

The company said it’s had an 81 percent increase in year-over-year sales in the first-half of the year, and 1.5 million users added to its flagship Nexus platform since January. In all, the company has more than 10 million software developers and 1,000 enterprises on Nexus worldwide.

Sonatype’s last round of funding was in 2016, led by Goldman Sachs, snagging $30 million.

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Sep
16

Top 5 stories of the week: AI revelations and Apple moves to kill passwords

The music business is littered with stories about songwriters or studio contributors and session musicians who never get the credit — or money — they’re often due for their work on hit songs.

And for every storied session musician in “The Wrecking Crew” there are perhaps hundreds of other contributors who aren’t getting their just desserts.

That’s where Jammber comes in. The five-year-old company co-founded by serial entrepreneur Marcus Cobb has developed a suite of tools to manage everything from songwriting credits and rights management to ticketing and touring all from a group of apps on a mobile phone. And has just raised $2.4 million in funding to take those tools to a broader market.

Jammber “Muse” gives collaborators a single platform to exchange lyrics and song ideas, while the company’s “Splits” app tracks ownership and credits of any eventual product from a collaboration. The company’s nStudio tracks songwriting credits to assist with chart and Grammy submission — through a partnership with Nielsen Music — and its “PinPoint” helps organize touring. The recording applications even have a presence feature so session musicians, songwriters and artists can actually be tagged in the studio while they’re working. 

“I think we need to get attribution and monetization closer to the creators,” Cobb has said. “Why aren’t we doing that? The industry is growing and thriving. Are we making sure that performers and creators of all different tiers are being equally compensated?”

The answer, sadly, for many in the music industry is no. In fact, while Cobb had originally set out to make a networking tool for creatives with Jammber he wound up shifting the service to the management toolkit after visiting the offices of a music label.

Jammber chief executive Marcus Cobb

“I saw stacks and stacks of payroll checks that were returned to sender,” Cobb, told Crain’s Chicago Business. “These checks were taking three months to two years to print, and they were wrong addresses, or there were stage names instead of legal names.”

That experience convinced Cobb of the demand, but it was Nashville that gave the serial entrepreneur the crucible within which to develop the full suite of tools that now make up Jammber’s soup-to-nuts platform.

Cobb likes to say that Jammber was conceived in Chicago (where the company spun up from the city’s massively influential 1871 entrepreneurship center) and born in Nashville — the home of the multi-billion-dollar American country music industry. All of the tools in Jammber, Cobb says, were created with input from a local musician, producer, artist and repertoire person or a label executive.

In 2015, the company came down to Nashville as part of the first batch of companies in Project Music, a joint venture between the Country Music Association and the Nashville Entrepreneur Center meant to encourage the development of technology for the music industry.

For the 41-year-old Cobb, programming and entrepreneurship has literally been a life saver. Growing up in Texas and Nevada with an abusive, drug-addicted stepfather took a toll on Cobb and programming became an outlet — thanks to a particularly well-equipped computer lab at his high school. “I had moved 24 times,” Cobb said in an interview. “My stepfather was a full-blown crack addict. He would disappear with money; we got evicted a lot.”

But the experience with computers led to an early job out of high school, which launched Cobb’s tech career. He sold his first company, Eido Software in 2007 a year after launching it and has used that money to pursue other endeavors.

And while Cobb is a gifted programmer, that’s not his only interest. His next big foray into business was as the owner and lead designer of Marc Wayne Intimates, a boutique lingerie company that also provided the business-savvy Cobb with his first window into the music business — outfitting dancers in music videos for artists like Pitbull.

Cobb has invested $300,000 of his own money into Jammber and raised roughly $400,000 in early seed funding. The $2.3 million that the company raised in its most recent round came from a who’s who of music executives, including former Sony Nashville chief executive Joe Galante; Hootie and the Blowfish manager Clarence Spalding; and Kings of Leon manager Ken Levitan.

These investors know the tension at the heart of the music business better than anyone, Cobb says — which is that the creative act of making music can often be at odds with the mundanity of organizing and running an effective business to ensure that the music getting made is actually heard by an audience that then pays the musician for their work.

“The irony about making a living in a copyright industry like the music industry is you have to be very organized to make money in a timely manner or even get credit for your work,” said Cobb. “Over 40 percent of the money creators are owed is tied up by bad or wrong data because it’s very difficult to be organized while you create. These tools finally change that.”

Jammber’s services are currently in a closed, invite-only beta that will be capped at 10,000 users. There’s a basic set of services that will be available for free, with pricing for “unlimited” access to the toolkit starting at $10 per month. In addition to the applications, the company also has an online platform that integrates with the mobile suite. Pricing for that service starts at $25 per month.

“This is an ecosystem play for us. I’ve been in software for a long time and the realization for me is that it’s not just mobile-first or cloud-first anymore, it’s simplicity-first. Independent artists and record labels generated $5.2 billion in revenues last year and the sector continues to grow — all while largely using paper and spreadsheets for their back office tools,” said Cobb. “This is a massive, underserved market and we believe we’ve figured out how to provide the value they’ve been waiting for.”

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Dec
13

Log4j exploits suggest attackers gearing up for ransomware

According to a Grand View Research report published earlier this year, the global human resource management market is projected to grow 10.4% annually to $30 billion by 2025. The growth is expected...

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Original author: MitraSramana

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Sep
16

Transforming the supply chain with unified data management

Sramana Mitra: Do they listen to your advice? Jonathan Pines: In some cases, they do. In some cases when someone’s offering money at a high price, it can be very tempting to take it. The other piece...

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Original author: Sramana Mitra

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Dec
13

Twitch cofounder Justin Kan is back with NFT gaming marketplace Fractal

I just did a search on LinkedIn for “Business Coach” and found over 175,000 results. A similar search for “Startup Mentor” yields close to 125,000 results. Well, if I could have a word with all the...

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Original author: Sramana Mitra

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Dec
13

Assassin’s Creed: Valhalla’s Year 2 plans include Ragnarök expansion and Odyssey crossover

Over the past two days, 21 companies have taken the stage at the Disrupt SF Startup Battlefield. We’ve now taken the feedback from all our expert judges and chosen five teams to compete in the finals.

These teams will all take the stage again tomorrow afternoon to present in front of a new set of judges and answer even more in-depth questions. Then one startup will be chosen as the winner of the Battlefield Cup — and they’ll also take home $100,000.

Here are the finalists. The competition will be livestreamed on TechCrunch starting at 1:35pm Pacific on Friday.

CB Therapeutics

CB Therapeutics is a new biotech company that aims to change the game with cannabinoids produced cleanly and cheaply in the lab, out of sugar. What it’s done is bioengineer microorganisms — specifically yeast — to manufacture cannabinoids out of plain-old sugars.

Read more about CB Therapeutics here.

Forethought

Forethought has a modern vision for enterprise search that uses AI to surface the content that matters most in the context of work. Its first use case involves customer service, but it has a broader ambition to work across the enterprise.

Read more about Forethought here.

Mira

Mira is a new device that aims to help women who are struggling to conceive. The Mira Fertility system offers personalized cycle prediction by measuring fertility hormone concentrations in urine samples, telling women which days they’re fertile.

Read more about Mira here.

Origami Labs

Origami Labs wants to bring voice assistants right to your ear without requiring you to wear a device like a Bluetooth headset or Apple AirPods. Instead, the startup is using a ring on your finger combined with bone conduction technology to allow you to use your smartphone’s built-in assistant – whether that’s Google Assistant or Siri – in an all-new way.

Read more about Origami Labs here.

Unbound

Unbound makes fashion-forward vibrators, and their latest is the Palma. The new device masquerades as a ring, offers multiple speeds, and is completely waterproof. And the team plans to add accelerometer features.

Read more about Unbound here.

 

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Jan
17

Reflections on Bored Meetings

Knowing what’s going on in your warehouses and facilities is of course critical to many industries, but regular inspections take time, money, and personnel. Why not use drones? Vtrus uses computer vision to let a compact drone not just safely navigate indoor environments but create detailed 3D maps of them for inspectors and workers to consult, autonomously and in real time.

Vtrus showed off its hardware platform — currently a prototype — and its proprietary SLAM (simultaneous location and mapping) software at TechCrunch Disrupt SF as a Startup Battlefield Wildcard company.

There are already some drone-based services for the likes of security and exterior imaging, but Vtrus CTO Jonathan Lenoff told me that those are only practical because they operate with a large margin for error. If you’re searching for open doors or intruders beyond the fence, it doesn’t matter if you’re at 25 feet up or 26. But inside a warehouse or production line every inch counts and imaging has to be carried out at a much finer scale.

As a result, dangerous and tedious inspections, such as checking the wiring on lighting or looking for rust under an elevated walkway, have to be done by people. Vtrus wouldn’t put those people out of work, but it might take them out of danger.

[gallery ids="1707207,1707205,1707204,1707202,1707209,1707002,1707003"]

The drone, called the ABI Zero for now, is equipped with a suite of sensors, from ordinary RGB cameras to 360 ones and a structured-light depth sensor. As soon as it takes off, it begins mapping its environment in great detail: it takes in 300,000 depth points 30 times per second, combining that with its other cameras to produce a detailed map of its surroundings.

It uses this information to get around, of course, but the data is also streamed over wi-fi in real time to the base station and Vtrus’s own cloud service, through which operators and inspectors can access it.

The SLAM technique they use was developed in-house; CEO Renato Moreno built and sold a company (to Facebook/Oculus) using some of the principles, but improvements to imaging and processing power have made it possible to do it faster and in greater detail than before. Not to mention on a drone that’s flying around an indoor space full of people and valuable inventory.

On a full charge, ABI can fly for about 10 minutes. That doesn’t sound very impressive, but the important thing isn’t staying aloft for a long time — few drones can do that to begin with — but how quickly it can get back up there. That’s where the special docking and charging mechanism comes in.

The Vtrus drone lives on and returns to a little box, which when a tapped-out craft touches down, sets off a patented high-speed charging process. It’s contact-based, not wireless, and happens automatically. The drone can then get back in the air perhaps half an hour or so later, meaning the craft can actually be in the air for as much as six hours a day total.

Probably anyone who has had to inspect or maintain any kind of building or space bigger than a studio apartment can see the value in getting frequent, high-precision updates on everything in that space, from storage shelving to heavy machinery. You’d put in an ABI for every X square feet depending on what you need it to do; they can access each other’s data and combine it as well.

This frequency and the detail which which the drone can inspect and navigate means maintenance can become proactive rather than reactive — you see rust on a pipe or a hot spot on a machine during the drone’s hourly pass rather than days later when the part fails. And if you don’t have an expert on site, the full 3D map and even manual drone control can be handed over to your HVAC guy or union rep.

You can see lots more examples of ABI in action at the Vtrus website. Way too many to embed here.

Lenoff, Moreno, and third co-founder Carlos Sanchez, who brings the industrial expertise to the mix, explained that their secret sauce is really the software — the drone itself is pretty much off the shelf stuff right now, tweaked to their requirements. (The base is an original creation, of course.)

But the software is all custom built to handle not just high-resolution 3D mapping in real time but the means to stream and record it as well. They’ve hired experts to build those systems as well — the 6-person team already sounds like a powerhouse.

The whole operation is self-funded right now, and the team is seeking investment. But that doesn’t mean they’re idle: they’re working with major companies already and operating a “pilotless” program (get it?). The team has been traveling the country visiting facilities, showing how the system works, and collecting feedback and requests. It’s hard to imagine they won’t have big clients soon.

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Jan
17

Arkadium brings its interactive content to the Associated Press

Don’t call Wingly the “Uber of the Sky” — Wingly co-fonder Emeric de Waziers would like to nip that little misinterpretation in the bud as the French startup looks to expand into the U.S. If anything, the startup’s mission is more akin to carpooling for small aircrafts, helping pilots fill up empty seats in small passenger planes.

The distinction is an important one, with regard to the company’s ability to operate. After all, allowing private pilots to turn a profit changes the math significantly, both with regard to specific licenses and the company’s ability to operate inside different countries. Ninety-five percent of pilots who use the service don’t have a commercial license.

“What often happens with hobby pilots is they set a budget for the year. They’re going to fly as many times as they can with this money. If they can fly four times cheaper, they can fly four times more. We have many pilots posting what we call ‘flexible flights,’ saying, ‘hey, I’m available for a roundtrip from San Francisco to Tahoe.’ The passenger says they’re interested and they book the flight.”

[gallery ids="1707186,1707183,1707184,1707180"]

Founded in July 2015, the company faced regulatory challenges early on in its native France. It was enough to cause Wingly to relocate operations, setting up shop in Germany in February of the following year. That launch was a sort of a proof of concept for the novel flight booking app. It was successful enough to convince Wingly to take on its home country again, pushing back against French regulatory bodies.

These days, it operates in Germany, France and the UK, with those markets composing 45, 30 and 20 percent of the company’s business, respectively (with the other five percent belonging to various parts of Europe). Wingly’s flight matching service currently hosts around 2,000 passengers a month, with each flight averaging about 1.8 passengers.

It’s not a huge number, but, then, these aren’t huge planes, with the prop and twin-engine crafts sporting between two and six seats each. Profitability for Wingly means pushing into high volume numbers, but the current pace has been successful enough for the startup to begin pursuing the U.S. as its next major market — a move the company plans to begin in earnest as a Battlefield contestant at Disrupt today in San Francisco.

Currently, Wingly takes a 15-percent commission on each flight, along with a €5 charge. The company has also raised €2.5 million including a €2 million seed round back in December. It’s been enough funding to help the company thrive in Europe, but coming to the States will require additional cash, particularly its current launch time frame of early 2019. From there, Wingly hopes to reach numbers comparable to the business it’s doing in Europe by August/September of next year.

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Sep
07

Kinta AI uses artificial intelligence to make factories more efficient

Kinta AI aims to make manufacturers smarter about how they deploy their equipment and other factory resources.

The company, which is presenting today at TechCrunch’s Startup Battlefield in San Francisco, was founded by a team with plenty of experience in finance, tech and AI.

CEO Steven Glinert has held management and AI roles at fintech startups, CTO Rob Donnelly is studying the intersection of machine learning and economics as a Ph.D. candidate at Stanford and VP of Engineering Ben Zax has worked at both Facebook and Google.

Glinert told me that when factory owners are making production decisions, they’re usually relying on “dumb software” to decide which machines should be used when, which can result in machines being deployed at the wrong time or in the wrong sequence, or sitting idle when they shouldn’t be. As a result, he said that scheduling errors account for 45 percent of late manufacturing orders.

So Kinta AI tries to solve this problem with artificial intelligence, specifically reinforcement learning. Glinert said the company will run “millions and millions of factory simulations,” where the system gains “a statistical understanding of how your factory works and learning what actions you do to get what result” — and it can then use those simulations to choose the best schedule.

“We run through, not every possible scenario, but we try to go through some of those,” he said.

Glinert added that Kinta AI works with its customers to understand the nuances of each factory. He also compared the technology to Google’s AlphaGo AI and OpenAI’s Dota 2 neural networks — except that instead of using AI to play Go or Dota 2, Gilnert said Kinta AI is utilizing it “to do these detailed production planning decisions that are being made on the factory floor.”

“Not all factories are that dissimilar from each other,” he said — similar to how “if you learned how to play Go, you can easily teach that neural net how to play chess or other game of that type.”

And Kinta AI already has some customers, including chemical manufacturer BASF and a medical device manufacturer.

Ultimately, Glinert said Kinta AI could become a crucial part of the manufacturing process. He predicted that “in the factory of the future, there will be fewer people and more automation, with a vast environment of Internet of Things devices.”

In that environment, he wants Kinta AI to be “the manufacturer execution system.”

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Sep
18

The metaverse: Land of opportunity for retailers

Mira, launching today at TechCrunch Disrupt SF 2018, is a new device that aims to help women who are struggling to conceive. The Mira Fertility system offers personalized cycle prediction by measuring fertility hormone concentrations in urine samples, telling women which days they’re fertile. The system is more advanced and accurate than the existing home test kits, the company claims, which can be hard to read and aren’t personalized to the individual.

The company behind Mira, Quanovate, was founded in late 2015 by a group of scientists, engineers, OBGYN doctors, and business execs to solve the problem of the unavailability of advanced home health testing.

“I have a lot of friends who, like me, [prioritized] their career advancement and higher education, and they tended to delay their maternal age,” explains Mira co-founder and CEO Sylvia Kang. “But there’s no education for them about when to try for a baby, and they have no awareness about their fertility health,” she says.

Kang received an MBA at Cornell Johnson, went to Columbia for an MS in Biomedical engineering and received at PhD in Biophysics from University of Pittsburgh, before working as a Business Director at Corning where she was responsible for $100 million in global P&L, which she left to start Mira.

She says that women’s hormones are changing daily, and everyone’s profiles differ due to their lifestyle, stress levels and other factors. The only way to accurately track fertile days, then, is through continuous testing – something that’s been difficult to do at home.

To solve this problem, the team worked to develop the Mira system, which includes a small home analyzer, urine test strips, and an accompanying mobile application. The home analyzer miniaturizes lab equipment for home use, and brings down the cost.

To use the system, the woman places the test strip into the device which then uses immunofluorescence technology to read the results. Currently, the device tests for the presence of luteinizing hormone (LH), which is an indicator of ovulation. However, the company has already has plans to update the device so it can test for other hormones in the near future. (It’s FDA-cleared to detect estrogen, for example, but that won’t be available at launch.)

The system instead is $199 and ships with 10 test strips. After analyzing the strip, information about the hormone levels is displayed on the screen and sent to the Mira app via Bluetooth.

[gallery ids="1707151,1707152,1707150,1707149,1703272,1703255,1703270,1703268"]

The app offers women more information about what this data means – like whether they should attempt to conceive today or wait. A subscription service will also offer them access to doctors so they can ask questions, but this will be free at launch.

“This technology is completely different from all the test strips on the market. It’s more accurate, but more importantly, this one is quantitative – that means we give you your actual, formal concentrations,” says Kang. “The [existing] tests strips only give you positive or negative. Since we have your numbers, our A.I. can do pattern recognition. Our algorithm prediction is based on your pattern specifically, not the average of all the population.”

What this means, in practice, is that women struggling to conceive will have more accurate, more actionable, and more personalized results with Mira. During a clinical trial with 400 patient samples, Mira reached 99 percent accuracy, compared with lab equipment, the company says. They also have 18 IPs covering hardware, software, database management and more, including utility patents and models, design patents, trademarks and copyrights.

The company is now working on a portal for doctors, so they could access their own patients’ data for further analysis. Mira may also eventually make its collected data, once anonymized, available to researchers, as well. But Kang says no formal decisions have been made on that front yet.

Longer-term, Kang explains that the same system can be adapted to track pregnancy and menopause, and eventually similar technology could be put to use for analyzing other conditions, like those related to kidney problems or the thyroid.

The Pleasanton, Calif.-based company, is currently a team of 36 and has raised $4.5 million from investors including Gopher Ventures, and two other cross-border investors Mira doesn’t want to disclose publicly.

At Disrupt, the company announced the Mira device is now available for pre-order and will begin shipping in October 2018.

It’s sold online via the Mira website, but is in discussions with doctors and retailers to broaden its availability going forward.

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Sep
06

Roundtable Recap: September 6 – Bootstrapping Using Services Works Great for Many - Sramana Mitra

During this week’s roundtable, we had three interesting pitches. Hexaform Technologies First up, we had Sri Raghunath, visiting California from Bangalore, India, pitching Hexaform Technologies. The...

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Original author: Sramana Mitra

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Sep
06

Kadho debuts Kidsense A.I., offline speech-recognition tech that understand kids

Kadho, a company building automatic speech recognition technology to help children communicate with voice-powered devices, is officially exiting stealth today at TechCrunch Disrupt SF 2018 where it’s launching its new technology, Kidsense Edge voice A.I. The company claims its technology can better decode kids’ speech as it was built using speech data from 150,000 children’s voices. The COPPA-compliant solution, which is initially targeting the voice-enabled devices and voice-enabled toys market, is already being used by paying customers.

As anyone with an Echo smart speaker or Google Home can tell you, today’s devices often struggle to understand children’s voices. That’s because current automatic speech recognition technology has been built for adults and was trained on adult voice data.

Kidsense.ai, meanwhile, was built for kids using voices of children from different age groups and speaking different languages. By doing so, it believes it can outperform the big players in the market like Google, Samsung, Baidu, Amazon, and Microsoft, when it comes to understanding children’s speech, the company says.

The company behind the Kidsense AI technology, Kadho, has been around since 2014, and was originally founded by PhDs with backgrounds in A.I. and neuroscience, Kaveh Azartash (CEO) and Dhonam Pemba (Chief Scientist). Chief Revenue Officer, Jock Thompson, is a third co-founder today.

Initially, the company’s focus was on building conversational-based language learning applications for kids.

“But the biggest pain point that we encountered…was that the devices that we were using or apps on – either mobile phones, tablets, robotics, or smart speakers  – they’re not built to understand kids,” explains Azartash. He means the speech recognition technology wasn’t built on kids’ data. “They’re not designed to communicate or understand kids.”

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The team realized there was a bigger problem to solve. Teaching kids new language using conversational techniques couldn’t work until devices could actually understand the kids. The company shifted to focus instead on speech recognition technology, using a data set of kids voices (which it did with parents’ consent, we’re told), to build Kidsense.

The initial product was a server-based solution called Kidsense cloud AI in late 2017. But more recently, it’s been working on an embedded version of the same platform, where no audio data from kids is collected, and no data is sent to cloud-based servers. This allows the solution to be both COPPA and GDPR-compliant.

This also means it could address the needs of device makers who have been previously come under fire for their less than secure toys and robotics, like Mattel’s Hello Barbie, or its canceled A.I. speaker Aristotle. The idea today is that toy makers, smart speaker manufacturers, and others catering to the kids’ market will need to be compliant with more stringent privacy laws and, to do so, the processing has to be done on the device, not the cloud.

“All the decoding, all the processing is one on the device,” says Azartash. “So we’re able to offer better efficacy and better accuracy in converting speech to text…the technology does not send any speech data to the server.”

“We’ve figured out how to put this all onto the device in an efficient way using minimal processing power,” adds Thompson. “And because we’re embedded we can charge a flat fee depending on the product anywhere to a subscription model.”

For example, a toy company working with thin margins on a product with a really small lifespan might want a flat fee. But another company may have a product with a longer lifespan that they charge their own customers for on subscription. They may want to be able to update their product’s voice tech capabilities over-the-air. That’s also possible here.

The company says its technology is in several toys, robotics, and A.I. speaker products around the world, but some of its customers are under NDA.

It’s also testing its technology with chip makers and big-name kids’ brands here in the U.S.

On stage, the company also showed off its latest development – dual language speech recognition technology. This is the first technology that can decode two languages in one sentence, when spoken by kids. This is an area smart speakers and their related voice technology are only now entering, within the adult market that is. For example, Google Assistant is preparing to become multilingual in English, French and German this year.

Currently, the company has approximately $1.2 million in revenue from customers on annual contracts and its SaaS model. It’s been operating in stealth mode, but is now preparing to reach more customers.

To date, Kadho has raised $2.5 million from investors including Plug and Play Tech Center, Beam Capital, Skywood Capital, SFK Investment, Sparks Lab, and other angel investors. It’s preparing to raise an additional $3 million before moving to a Series A.

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Sep
06

Lori Systems is launching a service with the Kenyan government for last-mile haulage from railroads

For Lori Systems chief executive and co-founder Josh Sandler, deals like the one between his company and the Kenyan government to solve last-mile solutions around the national railroad are about far more than just logistics.

Sandler, whose family battled apartheid in South Africa as social workers, township doctors and (more dangerously) as financiers for the Spear of the Nation (the armed wing of the African National Congress), looks at logistics as an economic cornerstone for building more stable and democratic societies in sub-Saharan Africa.

His parents had immigrated to the U.S. in 1990 when Sandler was still a young child to escape the violence that accompanied the negotiations to dissolve South Africa’s apartheid state. Sandler’s father had worked as a doctor in township hospitals, while his mother was a social worker who was setting up a support network for abused children.

A lot of the family was getting arrested and the country was breaking up and people feared a civil war and my dad got a fellowship in America and moved to Florida,” Sandler says. 

But South Africa remained the touchstone for Sandler’s family life and he would often return to visit those activist relatives who remained to help shepherd the country through its early years as a democracy. It was during one visit to the country — when Sandler was working in a refugee camp — that the need for better economic solutions to the region’s problems became clear.

In the aftermath of the economic collapse of Zimbabwe and the long-simmering civil war in the Congo in 2008, refugees from the region were flooding into South Africa — and it triggered a response in the country’s citizens. Xenophobic violence resulted in rioting, looting and the murder of immigrants at camps — and Sandler had gone to volunteer at the shelters that were caring for these refugees.

“I had been debating between investment banking and the peace corps and went with investment banking because there needs to be a macroeconomic solution for this,” Sandler said. “Finding the core challenges from a macro perspective and preventing this from occurring by establishing strong systems and an economy that can prevent… all of these crises.”

So Sandler studied development economics. His work focused on supply chains — specifically working with the Kenyan government to analyze what went into the dramatic cost increases that are attendant with the sale of every good and service in the country. “When you buy a mango on a farm, it’s half a penny and then in the supermarket it’s 80 cents,” said Sandler.

From Kenya, Sandler moved to study Nigeria and worked on problems with supply chain management in pharmaceuticals. “I did a lot of trips and treks back to the continent and what I kept seeing is challenges in the supply chain — part of it is middlemen and part of it is haulage.” Sandler said. “That’s a big issue that’s due to a lack of flexibility and coordination in the system.”

After seeing the elegance of the marketplace model that Uber had set up for ride-hailing and given the penetration of smart and feature phones in Africa, Sandler thought he could do something to create a marketplace for the trucking industry.

“Before, providers were managing individual trucking companies with a difficult marketplace and no transparency,” says Sandler. “By driving that through our system and having more pricing visibility we’re able to bring down the cost of bringing bulk grains to Uganda by 17.3 percent.”

Lori Systems first launched in Kenya and started working with a network of trucking companies. Around that time the company also came to the attention of TechCrunch.

Yes, Lori Systems has been on a TechCrunch stage before — as competitors (and eventual winners) of our inaugural TechCrunch Battlefield competition in Nairobi.

Since appearing on stage at our Nairobi event, Lori has grown quickly. The company counts 70 employees on staff — up from 20 — and now has 70 cargo operators responsible for a network of 2,500 trucks using its service.

The staffing changes at Lori include some big new executive hires, including Andrew Musoke, who has come on board as director of commercial products, and a former director of Maersk, Mehul Bhaat, who will be running operations in East Africa for Lori, Sandler says.

Lori has also expanded internationally — working with fleets in Kenya, Uganda, Rwanda and South Africa while also increasing the types of cargo that its fleet operators are transporting. “We went from just doing grain and fertilizer to now we do all freight bulk,” says Sandler.

Not everything about the TechCrunch experience was positive for Sandler and the company. After their victory, Lori, and Sandler, were subjected to criticism from some African press. “There were really bizarre implications with the underlying tone being white male privilege,” says Sandler. “It’s an important conversation to have around white male privilege… [but] it was coming out on a very personal level on a gossip column.”

The accusations aside, Sandler said the victory in the Startup Battlefield Africa competition validated the company with potential new hires.

As for the opportunity, Sandler says there’s $180 billion in hauling income across the African continent, and very little of it has been optimized with software. Ultimately, if Lori succeeds it will mean lower prices and increased spending power for consumers across Africa.

“If you’re earning a dollar a day and 40 percent or 60 percent is going to logistics that could be going somewhere else, that’s a problem,” Sandler said. It’s exactly the problem that Lori is setting out to solve.

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