5 Startups You Should Know About

Aurora Insight

With wireless connectivity becoming omnipresent it is very important to make data-driven decisions in identifying the best ways to build and use wireless infrastructure. Aurora Insight provides data-driven decision ability to providers and users (device manufacturers) of wireless infrastructure. Smart cities require well-planned wireless infrastructures and so do connected cars. Aurora Insight’s solution is focussing on a high-growth and big market — wireless connectivity is slated to reach $100 Billion by 2023. The team has raised 18 million dollars in series A. The team behind Aurora Insight is very strong with several years of industry experience in hardware and software domains. The all-star board members provide Aurora a strategic edge. What remains to be seen is which markets geographically Aurora can capture and how the solution can stand the test of technological evolution or how Aurora can evolve its products over time.

Ryvit Technologies

The construction industry is under-utilizing technology. There is a huge market for solutions in the construction industry. Ryvit’s platform helps companies experience the ease of intelligent integrations. Ryvit’s application network is impressive. Ryvit is based in the Midwestern USA, which is an upcoming startup hub and there is a huge market for startups to serve traditional industries in the mid-west. Ryvit seems to have offered it’s solutions to several renowned construction companies. With $3.5 M in seed investment so far, Ryvit is a promising capital-efficient startup with a good product-market fit.

Infimind

Clothing retail and clothing eCommerce are due for a Computer Vision update. This is where Infimind’s suite of products comes in. Image recognition technology, similar clothing search, fashion matching recommendations, fashion knowledge map, marketing copy generation, intelligent SAAS system and other products independently developed by Extreme Technology (Infimind) have been applied in the field of clothing retail and e-commerce data analysis. With Tsinghua University, NUS, MIT professors contributing their expertise to the project as well as strategic cooperation with Microsoft, Huawei and NVIDIA give this startup the right business and technological edge. Further. having raised 14 million dollars in its series A round with Sequoia Capital China and Tuling Capital as investors, this looks like a promising startup. What remains to be seen is how effective it’s pricing and customer acquisition model is globally and what sort of technology competitors develop.

Dave — Banking for Humans (dave.com)

Fintech startups are challenging big banks and giving users better control of their finances. Dave banking, backed by the likes of Mark Cuban, has raised a total of $183 Million. Dave Banking is a product focussed startup which has identified the biggest pain points of its users. Dave Banking’s most awesome feature is it allows rent payments to be used for credit building. Dave’s ideal user profile can be described as anyone wanting more control of their finances, wanting to easily integrate services like Gusto, wanting to build credit history but not having enough ways to do so. Dave also offers a virtual credit card which helps prevent loss of sensitive data in case of a security breach. Given Dave is acquiring more users in the US and is hyper-focused on this market with a bulls-eye product-market fit, it is positioned for a very successful future.

LabGenius

AI’s use in drug discovery opens up a world of possibilities. LabGenius’s EVA is an autonomous machine learning-driven evolution engine. EVA is used to evolve novel therapeutic proteins. It is capable of designing, conducting and learning from its own experiments. EVA’s team is comprised of synthetic biologists, data scientists, and engineers. This is the future of medicine — inter-disciplinary with greater penetration of AI. To date, LabGenius has raised 13.7 million dollars. Given that drug discovery is currently a 25 billion dollar market, slated to reach close to 70 billion dollars by 2028 there are very good chances for a phenomenal startup such as LabGenius to capture a sizable portion of this market.