Entrepreneurship

Where are they now: Catch 9 of MIT’s most innovative startups

FDA approvals, acquisitions, a nod from the United Nations and a Time100 honor. Here’s what some innovative members of Martin Trust Center for MIT Entrepreneurship society was up to this year.

Biobot Analytics

The wastewater analysis company, co-founded by Mariana Matus, PhD ’18, was named one of The most influential companies of the time by 2022. Biobot Analytics started in 2017 with the idea of ​​sampling, testing and analyzing municipal wastewater. In May, Biobot Analytics joined the US Centers for Disease Control’s National wastewater monitoring system, which tracks COVID-19 in wastewater. In September, the company announced it was relaunching a branch of its platform that helps municipalities measure opioids in wastewater.

Congo clothing

Congo Clothing donates 10% of its profits to upskill survivors of rape and other violent sexual assault through a partnership with Panzi Hospital in the Democratic Republic of the Congo. Co-founded by Milain Fayulu, SM ’22, Congo Clothing was mentioned in a United Nations White Paper on conflict-related sexual violence for “respectfully using her platform to speak about CRSV in a cause that reduces stigma and promotes empowerment initiatives and livelihood support for survivors.”

Iterative scope

Iterative Scopes uses machine learning and computer detection tools to help doctors detect signs of colon cancer. Founded by Jonathan Ng, SB ’12, this year the company closed a $150 million Series B funding round and received FDA approval for its AI-assisted SKOUT colorectal polyp detection tool.

Mori

Formerly Cambridge Crops, Mori is a food technology company that uses a water-based coating made from silk protein to preserve food for longer. Adam Behrens, PhD ’15, founded the company in 2018 with a mission to reduce food waste. In 2022, Mori closed a $50 million Series B funding round. It is also a portfolio company of The enginea hard tech venture firm founded by MIT.

SimpliFed

Andrea Ippolito, SM ’12, started SimpliFed in 2019 to democratize access to baby nutrition services and provide telehealth support to people feeding their babies. Ippolito raised $6 million in a seed round in 2022. In an interview, she said she juggled her own pumping logistics for her second daughter while she worked on the seed round.

Solstice Power Technologies

Solstice connects communities with developers who build solar gardens and onboard and manage solar customers through a digital platform. Sandhya Murali, MBA ’15, and Steph Speirs, MBA ’17, are among the founders. Solstice was acquired by MyPower Corp. in October 2022.

Spike

The analytics startup was acquired by Bain in February. Founded by Juan Pablo Garcia, SM ’17, Spike provides machine learning solutions to companies in a variety of industries. The acquisition of Spike, which is based in Chile, will contribute to Bain’s South American innovation efforts, the company said in a press release.

Tracflo

Khalid David, MBA ’19, grew up in a construction family, so he was familiar with the struggles of getting everyone involved in a project on the same page. To solve this problem, in 2014 David created Tracflo, a platform for real-time cost tracking. By the end of 2022, Tracflo has processed more than $17 million in change orders across 318 projects.

VideoHealth

VideaHealth’s AI technology is designed to help dentists more accurately detect and diagnose cavities. The company, founded by Florian Hillen, SM ’18, raised $20 million in Series A funding in 2022; in May, VideaHealth’s cavity detection algorithm received FDA approval.

For more on these alumni and startups, read the Martin Trust Center for MIT Entrepreneurship Annual report 2022.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button