Allstate Launches Tech Startup Arity to Power Transportation Analytics and Innovation
NORTHBROOK, Ill., – As a company with deep expertise in usage-based insurance, connected cars and telematics, Allstate is taking the next step in its digital journey by launching Arity, a technology startup. Built on Allstate’s 20 billion miles of driving data and more than a million active telematics connections, Arity’s technology uses data to create insights that help businesses and their customers make smarter decisions every day. The new tech company has offices at Allstate’s Innovation Hub in Chicago’s Merchandise Mart. Arity’s sophisticated software capabilities will empower businesses with more meaningful, individualized and impactful solutions. Beginning with the insurance industry, Arity will enable insurers to turn driving data into actionable ideas for improved risk assessment and management. Arity’s technology will increase a company’s understanding of risk and help them be more nimble with usage-based telematics solutions. Arity’s technology will provide the operating system for this new era, enabling better awareness, risk management and innovation in the insurance community and beyond. Allstate Insurance Company, Esurance and Answer Financial are currently using Arity’s software and analytics, and the service will be commercially available to other customers in 2017. The Allstate Corporation is the nation’s largest publicly held personal lines insurer, protecting approximately 16 million households from life’s uncertainties through auto, home, life and other insurance offered through its Allstate, Esurance, Encompass and Answer Financial brand names. In 2015, The Allstate Foundation, Allstate, its employees and agency owners gave $36 million to support local communities. Arity is a technology company that analyzes billions of miles of driving data and other information to generate insights and scores that help our partners better evaluate risk and revolutionize driver safety, connectivity and value. Arity’s growing team, with offices in Allstate’s Innovation Hub in Chicago’s Merchandise Mart, is focused on bringing new technology, products and services to market that enhance the consumer driving experience and help increase safety on the road. # # #..
Women Startup Challenge: Emerging Tech
Stay tuned for the announcement of the 10 finalists for the Women Startup Challenge Emerging Tech, one of the largest pitch competitions to showcase and fund top early-stage women-led technology startups focused on Agriculture Tech, Augmented Reality, Biotech, Health Tech, Blockchain, Energy, IoT, Robotics, Space, Transportation, and/or Virtual Reality. 10 finalists will be selected to pitch their emerging tech ventures before a panel of prominent investors such as Nisha Dua, Partner at BBG Ventures, Rebecca Kaden, Partner at Union Square Ventures, and Hoolie Tejwani, Vice President at Obvious Ventures. The grand prize winner will receive $50,000 as a cash grant for their startup. All 10 finalists will receive pitch coaching and participate in our mentoring day with top investors and more. Criteria Your startup product and mission must be focused on Emerging Technologies, for example: Agriculture, Augmented Reality, Biotech and/or Health Tech, Blockchain, Energy, IoT, Robotics, Space, Transportation, and/or Virtual Reality. Your startup must be located within the United States, or Canada, and have a US or Canadian bank account. Your venture can be at the concept stage, prototype, or have already launched. Your startup must incorporate technology into the approach of your product, which allows the company to rapidly and massively scale in a manner that traditional, independent small businesses cannot. Please note that using tech does not qualify as using tech to scale on a mass level nationally and globally. No applicant may reach out to judges, sponsors, and/or partners in advance of the Women Startup Challenge advocating for their startup. We reserve the right to select and reject winners at any time, and we may add finalists to any round of the competition to give more entrepreneurs access to the Women Startup Challenge. All finalists must pay their own travel and accommodations to the live pitch in NYC. Women Who Tech has been supported by Craig Newmark, founder of craigslist and Craig Newmark Philanthropies, Google, Blanc & Otus, Fred and Joanne Wilson, LinkedIn, Office of London’s Mayor Sadiq Khan, Mozilla, General Assembly, IBM, Microsoft, Rad Campaign, and Invisu.
Finance tech startup Robinhood to take over former Sunset headquarters
The Sunset gardens on Oct. 29, 2015, before the gardens were closed to the public and the publication left Menlo Park for Oakland and Sonoma. After sitting vacant for more than two years, a new tenant for the former Sunset Publishing headquarters has been announced: finance tech startup Robinhood. Robinhood, which offers free stock trades, will be relocating its headquarters from Palo Alto to the Menlo Park building located at 85 Willow Road. The company currently has about 100 employees and plans to expand – its website listed openings for 19 positions in Palo Alto and more at an office in Orlando, as of March 19. Menlo Park Mayor Peter Ohtaki said he was glad the former Sunset headquarters won’t sit vacant and that he hopes the company preserves the gardens. The company was co-founded by two former Stanford roommates, Vlad Tenev and Baiju Bhatt, and launched its app in December 2014. The publication reports the company is now set to be valued at about $5.6 billion. In February, the company launched trading for the cryptocurrencies bitcoin and Ethereum in California, Massachusetts, Missouri, Montana, and New Hampshire, according to the company’s blog. The company’s new headquarters has been vacant since the 120-year-old Sunset Publishing Corp. left Menlo Park for Oakland and Sonoma in December 2015. In 2017, the company was sold by Time, Inc. to Regent L.P., a Los Angeles-based private equity firm. Sunset’s seven-acre campus was purchased by Embarcadero Capital Partners in December 2014, after Menlo College had briefly explored the option of buying the land to preserve and use for additional student housing. Robinhood expects to move in to the new offices when renovations are completed, sometime in the spring. When asked whether the company would continue Sunset’s tradition of an open house for the public to access the gardens annually, the company stated it was not familiar with that tradition.