Tech Startup News, powered by Zaphne for 08-31-2018

The Startups Factory for Tech Ideas

We believe that the barriers every startup is facing while entering an industry are still high. We want to support every small business that has a MVP to find new customers, investors and mentors and get him the chance to skyrocket his business idea. If you’re a startup looking for investors, customers, funding or media exposure, StarTech Factory offers you an unique opportunity to showcase your tech product or solution to the Romanian business & tech community within Internet & Mobile World, on 3-4 October. The registration is entirely free and open for every startup that meets the criteria for participation. StarTech Factory is a programme in which we will select 22 startups that we’ll exhibit without any costs during IMWorld, being supported by Raiffeisen Bank and the organizers of the event. 

Keywords: [“startup”,”business”,”every”]
Source: http://imworld.ro/startups

Georgia Tech News Center

The Georgia Institute of Technology has announced a new online cybersecurity master’s degree that will be offered for less than $10,000 and delivered in collaboration with edX. The Online Master of Science in Cybersecurity is designed to address a severe global workforce shortage in the field. The degree has existed on campus since 2002 and costs $20,000 for in-state students and $40,000 for those out-of-state. Applications for spring 2019 are open now until October 1, 2018. 

Keywords: [“degree”,”Master”,”cybersecurity”]
Source: https://www.news.gatech.edu

Atlanta Startup Village

The Atlanta Startup Village is a fun, informative, and inclusive forum for networking and feedback. A selected group of new or emerging startups get 5 minutes to pitch their business, with time for Q&A to discuss roadblocks, opportunities, and get feedback. This group is focused on startups, not just technology startups to broaden exposure and realize that all startups use technology and can benefit from one another. Beer starts flowing at 7! Parking and directions here. 

Keywords: [“Startup”,”Village”,”technology”]
Source: http://atlantatechvillage.com/events/upcoming/atlanta-startup-village-2…

UnternehmerTUM

Seeks and encourages talented people who are enthusiastic about new technologies and enjoy tinkering with pioneering products – from the idea to the start-up. Work hands-on and develop your own ideas and products. Become an active part of our student Community, consisting of experienced founders and developers. YOUR BENEFITS: Putting your own business, technology and/or design idea into practice. Practical courses and lectures plus empowerment and supervision. 

Keywords: [“idea”,”own”,”products”]
Source: https://www.unternehmertum.de/techtalents.html

Startup Crawl

Join Capital Factory as we take a walk through several Startup Crawl stops, have a couple drinks and share a few laughs! The ATX Startup Crawl is one of the biggest startup parties of the year. This is a fantastic opportunity to meet fellow techies, get visibility in the Austin startup community, launch your product, practice your pitch, or recruit talent. The ATX Startup Crawl is a celebration of technology and entrepreneurship in Austin! 

Keywords: [“Startup”,”Crawl”,”Austin”]
Source: https://www.austinshortfilm.com/tech/startup-crawl-spring-2018

Elevate Festival

As a founder or C-level executive at a startup, we know how valuable your time is. Attending a tech festival is a serious commitment; it requires a significant amount of planning, time, and money. It’s also one of the fastest ways to boost your career, stay up to date in the tech world, and make connections that can fuel your company’s growth. To save you some time, we’ve put together a list of top reasons to attend Elevate 2018. 

Keywords: [“time”,”attend”,”tech”]
Source: https://elevatetechfest.com/for-startups

Ethical Hacker

An Ethical Hacker is a skilled professional who understands and knows how to look for weaknesses and vulnerabilities in applications and systems and uses the same knowledge and tools as a malicious hacker, but in a lawful and legitimate manner to assess the security posture of the organization. Year technical degree or equivalent life experience….. 

Keywords: [“Hacker”]
Source: http://www.techlifecolumbus.com/job/ethical-hacker

Early Stage Venture Capital

Startup Florida Ventures started the first organized Angel Fund in the State of Florida in 2001. The fund was called the Startup Florida Dinner Club, and allowed local angel investors to group together and make investments into early stage companies. 

Keywords: [“Florida”,”Fund”,”Angel”]
Source: http://startupflorida.com

TechGCxSummer2018

Please join us for a festive private lunch for counsel at venture backed startups and venture capital firms, featuring a talk by Sarah Feingold, GC of Vroom. Limited to in-house counsel at venture backed startups and venture capital firms. 

Keywords: [“venture”,”firms”,”capital”]
Source: https://splashthat.com/sites/view/techgcxsummer2018.splashthat.com

10 Best Tech Startups in California – The Tech Tribune

The Tech Tribune staff has compiled the very best tech startups in California. All companies must be independent, privately owned, at most 10 years old, and have received at least one round of funding in order to qualify. 

Keywords: [“people”,”world”,”app”]
Source: http://thetechtribune.com/10-best-tech-startups-in-california

10 Best Tech Startups in Virginia – The Tech Tribune

The Tech Tribune staff has compiled the very best tech startups in Virginia. All companies must be independent, privately owned, at most 10 years old, and have received at least one round of funding in order to qualify. 

Keywords: [“Data”,”security”,”threat”]
Source: http://thetechtribune.com/10-best-tech-startups-in-virginia

Michigan Resources for Business

Here’s our list of the websites, resources, and assistance available for Michigan small business and startups. Please reach out to us if there’s anything helpful you’d like to add to this list and we’ll share. 

Keywords: [“list”]
Source: http://www.michipreneur.com/michigan-startup-resources

Sort on EMPLOYEES.LATEST FUNDING arrow upward. Sorted on LATEST FUNDING.LATEST FUNDING arrow upward. Sort on LATEST FUNDING.TOTAL FUNDING arrow upward. 

Keywords: [“upward”,”arrow”,”FUNDING”]
Source: https://www.nordictechlist.com

Tech Island Startups

I learned the beauty of island life not just from living at home but from living abroad. I’ve lived in the dry dessert and spent a few. 

Keywords: [“lived”]
Source: http://techislandstartups.com/living-on-guam

Personal Banking, Business Loans, and Mortgages

For transactions under $300 USD, standard fees apply. 

Keywords: [“USD”,”300″,”fees”]
Source: https://www.eastwestbank.com/…/Chinas-High-Flying-Tech-Startup-Scene

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Tech Startup News, powered by Zaphne for 08-30-2018

All eyes on Karachi, Pakistan for the Momentum tech and startup conference – Giga Startups

All eyes are on Karachi as the eighth-most populous city in the world is about to be home to the Momentum startup and tech conference, Pakistan’s leading entrepreneurial event. Pakistan’s startup and tech scene is exploding onto the global stage with an increase in foreign investment and home-grown startups. Now, over 15,000 attendees are expected to descend upon the Expo Centre in Karachi, Pakistan for the Momentum startup conference and exhibition. Taking place February 19 – 20, Momentum will consist of some 400 startups, over 50 speakers, 50 exhibitors, some 24 investors, and representatives from 20 incubators. Founded by Syed Amir Jafri, the main aim of the event is to help startups to get all the required resources to create a successful startup. 

Momentum is a global startup community designed to educate, inspire and connect Pakistani entrepreneurs who work on innovative and disruptive technologies to create the knowledge economy to drive Pakistan’s growth over the coming decade. For the conference, the leading incubation centers and accelerators will be bringing their best startups to the event from all over Pakistan, while companies such as IBM, Enclude, Microsoft and Acumen are also strategic partner of this ECO system. 

Keywords: [“startup”,”Pakistan”,”over”]
Source: https://gigastartups.com/karachi-pakistan-startup

Paytm acquires smart-savings management startup Balance.Tech

Paytm today announced that it has acquired Bengaluru-based Smart-savings Management Startup- ‘Balance. Tech team has great insights and track record in building such intelligent and elegantly designed products. The 6-member Balance team has joined Paytm’s product & design teams and is working on further enhancing the company’s user/merchant interfaces. Tech team will be an invaluable part of the journey. Neither of the companies have disclosed the financial aspects of the acquisition. 

We are excited to welcome Ankit, Abhishek and the Balance. They have created a fantastic product with real user engagement. As we constantly look to create customised and intuitive user experiences, the Balance. Tech team will be an invaluable part of this journey. Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways. 

Our conversational personal savings assistant nudges users to build a saving habit, and give purpose to their money as they go about their busy lives. We look forward to bring in computational intelligence, unique design and proprietary algorithms with Balance to help Paytm users accomplish more with their money. 

Keywords: [“team”,”Balance”,”product”]
Source: https://www.fonearena.com/blog/260493/paytm-acquires-balance-tech.html

Techstars Mentor

Kat Co-founded Five by Five, an upstart innovation consultancy, helping organizations of all stripes understand how to work both with and like startups. The young company’s portfolio includes blue chip players like Lufthansa, Google, Cap Gemini and The World Bank. As Founding Partner, Kat’s focus is on startup-corporate partnerships and organizational design for open innovation. She first fell into the startup rabbit hole upon arriving Paris in 2012, when she joined the award-winning civic startup Voxe.org. Her passion for the French tech ecosystem has brought her other hats: French Tech Ticket Ambassador, Google Expert, Director of the Open Data Institute Paris. 

Her passion projects remain at the intersection of tech and social good: She led the Filipino government’s 500-strong tech team against the super-typhoon Haiyan and more recently founded the Paris Civic Innovation Fellowship with the City of Paris. In a previous life, she was Reporters sans frontières’ youngest bureau director, a communication strategist at the United Nations and member of the French government’s open data expert committee. Kat holds degrees from Science Po Bordeaux and McGill University. 

Keywords: [“tech”,”Paris”,”French”]
Source: https://www.techstars.com/mentors/kat-borlongan

Startup Launch

Greg received his bachelor’s degree, Magna Cum Laude, in mechanical engineering from Georgia Tech in 1995, and he earned his master’s degree in business administration from Harvard University in 1999. Greg has most recently served as CEO of Experience, LLC, a division of Cox Enterprises. He retired from Cox in December and continues to serve on the board of Experience. He has served as an investor and advisor to The Onion, Automated Insights and SolidFire. Upon graduating from Tech, he worked at Deloitte Consulting, focusing on strategy development for clients. 

Greg began his career as an entrepreneur, working with companies such as iXL, Silverpop, Turner and Noro-Moseley. Foster established another company, BrightWhistle, and sold it to Silicon Valley-based private equity firm Silverlake Partners in 2015. While at Tech, Greg was involved in many groups including student government, ANAK, Phi Gamma Delta fraternity, and he was named Mr. Georgia Tech. Greg has served on the boards of The Georgia Tech Alumni Association and currently serves on the advisory boards of the School of Mechanical Engineering and the College of Engineering. 

Keywords: [“Tech”,”Greg”,”board”]
Source: https://create-x.gatech.edu/startup-launch

Techstars Startup Weekend Oberlin

TechStars Startup Weekends are 54-hour events designed to provide superior experiential education for technical and non-technical entrepreneurs. Beginning with Friday night pitches and continuing through brainstorming, business plan development, and basic prototype creation, Techstars Startup Weekends culminate in Sunday night demos and presentations. Participants create working startups during the event and are able to collaborate with like-minded individuals outside of their daily networks. All teams hear talks by industry leaders and receive valuable feedback from local entrepreneurs. The weekend is centered around action, innovation, and education. 

Whether you are looking for feedback on an idea, a co-founder, specific skill sets, or a team to help you execute, Techstars Startup Weekends are the perfect environment in which to test your idea and take the first steps towards launching your own startup. 

Keywords: [“Startup”,”weekend”,”TechStars”]
Source: https://www.jumpstartinc.org/events/techstars-startup-weekend-oberlin

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Tech Startup News, powered by Zaphne for 08-29-2018

How Does Your Tech Start-Up Toolbox Compare?

Starting any business is daunting, but launching a successful technology start-up is especially difficult. With all of the effort and energy that are required to start a new company, you should ensure that you are doing everything you can to be a part of the successful 29%. Here are five resources that will help you navigate the initial launch of your tech start-up and attain long-term success. Tech entrepreneurs should build a credible network of engineers and software sales representatives that can vouch for their product, and link them up with existing markets and consumers. If you need capital to fund your tech start-up, you had better do your homework. 

Creating an effective, functional business plan is crucial to your survival. Much like a regular road map, a business plan will show where you are now, where you hope to arrive, the required path to get there, and milestones to track your progress. If you are unsure how to write a business plan, or what it should include, there are ample resources on government, education, and business websites. Effective cost management is one of you most important considerations when it comes to establishing a successful business. As you approach your tech start-up, remember that you’re not just building a start-up; you are building a company and a brand. 

An effective catchy name will help set your business apart from others. It likely goes without saying that social media is a vital part of doing business these days, but this especially true for a tech start-up. While no two businesses are the same, there are critical components that your business needs to survive and succeed. 

Keywords: [“business”,”start-up”,”tech”]
Source: https://www.businessgatewayinc.com/businessblog/tech-start-up

Electric Car Startup Faraday Future Secures $2 Billion Investment

Faraday Future has been in dire financial straits for the past year or so, but late last year reports began to circulate that the electric-car startup had secured a new source of financing. It said finalization of the deal was delayed for several months pending regulatory approval. The deal, with Season Smart Limited, was actually closed on November 30, 2017. In exchange for its $2 billion investment, Season Smart Limited received a 45-percent stake in Faraday. In April, The Verge reported that Season Smart had also taken the place of Faraday as assignee on the automaker’s patents and trademarks in the United States. 

The deal quickly grew more complicated, which explains the delay. Following its investment, Season Smart Limited turned around and sold its stake to Evergrande Healthy Investment Group Limited, a Hong Kong Stock Exchange-listed company. That transaction had to be investigated and approved by the Committee on Foreign Investment in the United States. Faraday hopes to begin deliveries of its FF 91 electric SUV before the end of this year, but that will be a tall order. After scrapping plans for a brand-new factory in North Las Vegas, Nevada, Faraday decided to repurpose an old Pirelli tire factory in Hanford, California. 

The company only recently began construction work at the new factory site. Faraday also claims to have a manufacturing facility in Guangzhou Nansha, in China’s Guangdong Province, but it’s unclear what the status of that factory is. 

Keywords: [“Faraday”,”Season”,”Smart”]
Source: http://www.thedrive.com/tech/21799/electric-car-startup-faraday-future…

Three tech startups tapped for inaugural Savca Industry Awards

Three SA tech startups – fintech i-Pay, on demand cleaning platform SweepSouth, and meal delivery site Ucook – are among nine companies that have been shortlisted for the inaugura Southern African Venture Capital and Private Equity Association Industry Awards. The awards, which recognise portfolio companies that have thrived from private equity and venture capital investment in the region, will take place on 8 November. The shortlisted companies range from startups to large companies, and represent various sizes of private equity and venture capital investments. To be nominated for the awards, companies have to be beneficiaries of private equity and venture capital investment within the last two years. The shortlist of this year’s nominees was drawn up based on analysis by research firm Intellidex. 

Fidelity Security: An integrated security solutions provider. Kwikot: Manufacturer and supplier of geysers, heat pumps, water heaters. Royal Schools: Low cost private education provider managing four independent schools. Tessara: Manufacturer of table grape preservation sheets. I-Pay Security Payment: Electronic fund transfer processing system that automates EFT transactions and allows users to make instant, secure payments. 

SweepSouth: Home cleaning platform that connects households with domestic workers. Ucook: Meal kit business that provides fresh foods to households to cook with innovative recipes. 

Keywords: [“companies”,”shortlist”,”Private”]
Source: http://ventureburn.com/2018/08/three-tech-startups-tapped-inaugural-savca…

Tech startup eyes the future of car repairs and servicing

There is more than meets the eye to tech startup, AutoGuru. On its surface, car servicing seems like a mundane, very basic, have-to-have-it service. The car servicing website, which closed Series A funding round in February this year and secured $6 million in funding from OUTsurance in May, has already transformed the way consumers book a car service. This is just the beginning for the ambitious business, which likens itself to booking.com for auto servicing. Already, AutoGuru has become the first car servicing provider in Australia to offer AfterPay. 

In coming months, the startup also hopes to communicate directly with cars for predictive marketing. Until those lofty goals are reached, AutoGuru, which quotes over $10 million in car servicing and repairs every month, is busy testing its above-the-line marketing. Its head of growth, Elise Peate, said the key objective for the Series A funding earlier this year was to help expand its marketing wings. The reason AutoGuru chose South East Queensland to test its marketing is due to simple supply and demand. This is somewhat of an incongruity, as AutoGuru’s marketing strategy is highly comprehensive and forward-looking. 

This then gets circled back into marketing and communications. Once more funding has come in to take the business national, predictive marketing is squarely in the sights of the AutoGuru team. 

Keywords: [“car”,”service”,”marketing”]
Source: https://www.cmo.com.au/article/645012/tech-startup-eyes-future-car…

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Tech Startup News, powered by Zaphne for 08-28-2018

Southeast Asia’s top 30 tech startup founders

At the heart of these opportunities are a group of smart and inspirational founders who have started companies that have gone on to fetch millions or even billions of dollars in funding. Latest funding stage: US$30 million series B led by Square Peg Capital. Latest funding stage: US$19 million series B led by Provident Capital Partners and JD.com. Cheung was part of the first wave of startup exits in Singapore, selling mobile antivirus company tenCube for several millions of dollars. Latest funding stage: US$125 million series E led by Boyu Capital. 3 million in revenue and US$41 million in profit, according to the Hanoi Times. 

Latest funding stage: US$60 million late stage round led by Kamet Capital Partners and CLSA Capital Partners. Consumer-to-consumer marketplace Carousell is present in several Southeast Asian countries, as well as in Taiwan, Hong Kong, Australia, and the US. As of May 2018, over 50 million items had been sold on the platform. Latest funding stage: US$85 million series C led by Rakuten Capital and EDBI. Robin Khuda, AirTrunk, Singapore/Australia. 

The company made US$132 million in revenue and was US$14 million shy of profitability in 2016, according to its financial statement. Now, Grab’s ride-hailing platform is used by 36 million passengers in eight countries across Southeast Asia. Latest funding stage: US$350 million late stage round led by Expedia. 

Keywords: [“million”,”fund”,”company”]
Source: https://www.techinasia.com/southeast-asias-top-30-tech-startup-founders

Inside Cornell Tech, Ivy League graduate school for tech & startups

Cornell Tech, a joint partnership between Cornell University and the Technion-Israel Institute of Technology, the oldest university in Israel, was born from a public competition launched in 2010 by then-Mayor Michael Bloomberg to develop an elite graduate school of engineering and applied sciences in New York City. Bloomberg aimed to expand the city’s growing Silicon Alley scene and develop the kind of virtuous cycle that exists between Stanford University and Silicon Valley. His administration estimated that the school would generate $23 billion in economic activity, 8,000 permanent jobs, and hundreds of new companies over the next several decades. The school, now in its sixth year, is a new kind of graduate school – multidisciplinary, hands-on, and explicitly tech-focused – that is still building its reputation. While it teaches a combination of graduate course heavyweights – business, computer science, law, and electrical engineering, among them – it also has newly-invented disciplines. 

Like all startups, it’s nothing if not ambitious. For Cornell Tech, that future is dependent on bringing its vision of world-leading research on digital technology and innovative, impactful companies to fruition. Last year, the school moved into its permanent home on Roosevelt Island, a gleaming campus of high-tech buildings. 

Keywords: [“school”,”Cornell”,”build”]
Source: https://www.businessinsider.com/inside-cornell-tech-ivy-league-graduate-school-for-tech-and-startups-2018-2

High Tech Startup Jobs, Employment

You will have the opportunity to jump-start your career in tech while working one-on-one with our top producing senior sales manager. These positions have a paid training program, a high level of opportunity for growth and future advancement, and we are looking for candidates that have high… Customer Support. You will be wearing multiple hats in a startup environment. This is a perfect position for college student looking to get into sales,… 

Sales Development Representative. Conduct high level conversations with senior executives in prospect accounts. You are also very tech savvy, comfortable working towards targets and have an…. Scouted AI.San Francisco, CA. CHINATOWN BUREAU.New York, NY. 

Proper Cloth. New York, NY New York, NY +4 locations Demonstrated ability to solve problems, prioritize decisions, and successfully manage multiple assignments concurrently in a high pressure environment…. Desired Experience: JavaScript, Bilingual, HTML5, Adobe After Effects, Adobe Photoshop, Driver’s License, CSS, Adobe Premiere. We are a fast growing startup based in Venice, CA, working on bringing the…. Desired Experience: Driver’s License. 

Keywords: [“high”,”working”,”Adobe”]
Source: https://www.indeed.com/q-High-Tech-Startup-jobs.html

Startup Launch

Greg received his bachelor’s degree, Magna Cum Laude, in mechanical engineering from Georgia Tech in 1995, and he earned his master’s degree in business administration from Harvard University in 1999. Greg has most recently served as CEO of Experience, LLC, a division of Cox Enterprises. He retired from Cox in December and continues to serve on the board of Experience. He has served as an investor and advisor to The Onion, Automated Insights and SolidFire. Upon graduating from Tech, he worked at Deloitte Consulting, focusing on strategy development for clients. 

Greg began his career as an entrepreneur, working with companies such as iXL, Silverpop, Turner and Noro-Moseley. Foster established another company, BrightWhistle, and sold it to Silicon Valley-based private equity firm Silverlake Partners in 2015. While at Tech, Greg was involved in many groups including student government, ANAK, Phi Gamma Delta fraternity, and he was named Mr. Georgia Tech. Greg has served on the boards of The Georgia Tech Alumni Association and currently serves on the advisory boards of the School of Mechanical Engineering and the College of Engineering. 

Keywords: [“Tech”,”Greg”,”board”]
Source: https://create-x.gatech.edu/startup-launch

Tech startup Unlockd gets non-binding takeover offer

Whether the deal comes to fruition or not, McGrathNicol has bought a little time to sort out Unlockd’s affairs after winning an extension of the period before the next creditors’ meeting to October 10 from the Victorian Supreme Court. The court documents revealed that the administrators have brought in boutique corporate advisory Adara Partners to manage any sales process, but that it had needed longer to fully understand the operations and its value. It said Unlockd had a number of unnamed potential purchasers, which include foreign parties. The court proceedings had involved getting approval for the main Unlockd holding company to loan $500,000 to a separate entity that ran the day to day business. This money was needed to ensure some staff remained at Unlockd, who know how its technology works. 

When contacted about Invigor’s interest in Unlockd on Monday night, Cohen declined to comment. 

Keywords: [“Unlockd”,”Court”,”operations”]
Source: https://www.afr.com/street-talk/tech-startup-unlockd-gets-nonbinding-takeover-offer-20180702-h125rf

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Tech Startup News, powered by Zaphne for 08-27-2018

Heartland Tech Weekly: Searching for the Midwest’s overlooked startup cities

Despite spanning the South, the Midwest, and the Mountain West region, I sometimes feel like I’m covering startups in the same handful of cities. That’s why I was pleased to see a report out this week from Chicago-based VC firm M25 on the Best Startups in the Midwest that doesn’t cover just the usual suspects. Rather, it judges the 54 most populated metro areas in the Midwest based on three categories: the presence of startups and the overall startup environment; access to talent and other resources; and the overall friendliness of the business climate. The takeaways from the report are limited, as M25 doesn’t share their entire methodology, but it’s a good starting point to think about how different cities in the Midwest stack up against one another – particularly smaller cities that are often overlooked. While larger cities like Chicago, Minneapolis, and Pittsburgh will of course have more startups, smaller cities can offer a lower cost of living, or more hands-on support from the government for startup organizations. 

GUEST: Cisco’s announcement this month that it intends to acquire Ann Arbor-based cybersecurity startup Duo Security for a whopping $2.35 billion shines a light on the Midwest’s increasing strength in the cybersecurity space. Facebook acqui-hires Utah startup Vidpresso for its interactive live video tools. As Facebook is putting more resources behind its video content, the company announced today that it is ‘acquihiring’ a small Utah startup that specializes in adding social features to video. Pittsburgh VC firm introduces teens to the startup life with hardware accelerator Startable. Since its launch in 2013, Scanalytics has become one of the most notable tech startups in the state of Wisconsin. 

Flyover – a venture capital firm whose mission is to fuel the next generation of tech startups in the Midwest – is enjoying the sizable exit of Agrible, an Illinois-based ag tech startup, said Flyover partner Keith Molzer. Universities, chasing the startup economy, reshape urban real estate. 

Keywords: [“startup”,”city”,”Midwest”]
Source: https://venturebeat.com/2018/08/15/heartland-tech-weekly-searching…

7 Water Tech Startups Helping Keep You Alive

The good news is that we’ve come across quite a few water tech startups that are finding ways to plug leaks, clean water and even monitor the health of underground aquifers. Startup accelerator ImagineH2O is one of the few firms out there directly supporting water tech startups. Like many of these roundups, our water tech startups list isn’t meant to be comprehensive: so unless you’re Jesus turning wine into water, please don’t whine to us that we forgot XYZ company unless they’re doing something of biblical proportions. Not surprisingly-and to continue on our blasphemous pilgrimage-quite a few water tech startups are based in Israel, like Utilis, which uses satellite imagery to detect underground leaks in water supply infrastructure. The water tech from Utilis is based on research developed for detecting water on other planets. 

The trial run earned the water tech startup a three-year service contract to monitor the city’s 27,000 kilometers of water networks from outer space. Another water tech startup out of Israel, Tel Aviv-based Desalitech has raised $22.25 million funding to develop reverse osmosis systems. Desalitech is a water tech startup that has developed a closed-circuit reverse osmosis water filtration system that has earned its customers like Coca-Cola and Archer Daniels Midland. Calgary-based FREDsense Technologies is definitely one of those water tech startups working off a shoestring. The water tech startup has also raised money through crowdfunding and by entering about eight tech competitions to earn $75,000. 

The water tech startup raised a $3.5 million Series A in January. Apana’s platform relies on grabbing data from sensors and water meters to provide a minute-by-minute account of how much water a building is using. 

Keywords: [“water”,”Startup”,”tech”]
Source: https://www.nanalyze.com/2017/06/7-water-tech-startups

Alphabet invests $375M in tech-focused health insurance startup Oscar

In recent years, more and more startups have worked to disrupt traditional industries by leveraging technology and big data. Oscar was founded in 2012 to improve health insurance, and today it received a $375 million investment from Alphabet. Similar to other startups, Oscar Health applies new technologies to an infamously static field. The company is applying big data and machine learning for preventative care and making sure patients get in touch with doctors ahead of time. In a Wired interview, CEO Mario Schlosser noted how 80% of Oscar members that end up in an ER have used the app or talked to Concierge in the previous week. 

The goal is to get patients in front of doctors before emergency care is needed. Earlier this year, Alphabet’s late-stage investment fund CapitalG and Verily Life Sciences participated in a $165 million investment round that valued the company to the tune of $3.2 billion, according to CNBC. Alphabet is now investing an additional $375 million, which according to Wired results in a 10% stake. The investment will help Oscar expand to more cities, hire more staff, and provide more plans, notably Medicare Advantage aimed at senior citizens in 2020. A rumor from earlier this year pegged Verily as also looking into a part of the health insurance market. 

Specifically, the Alphabet company wants to apply data analysis to drive down cost by finding various efficiencies through home visits from nurses and making sure patients fill out prescriptions. For Alphabet, the investment reflects how the influx of technology into health care is very lucrative. Other parts of the company, like Google Cloud, are well suited to become a big player by providing data infrastructure and analysis capabilities. 

Keywords: [“investment”,”Alphabet”,”more”]
Source: https://9to5google.com/2018/08/14/alphabet-oscar-health-insurance…

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