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down connectivity and response time. In his presentation, founding CEO Ashok Krishnamoorthy said, “For every bit sent to a data center, there are five bits generated within the data center.” Axalume, Krishnamoorthy said, has “the ability to take big, power-hungry switches, and convert them into chips”—energy efficient, high-speed, silicon-based optical chipsets. After raising $1 million in seed funding, Krishnamoorthy said Axalume is now raising a Series A round.
—DoWhop founder and CEO Rae Lietzau, a former U.S. Marine Corps captain, described DoWhop as “a marketplace for doing”—an online peer-to-peer market that connects people who want to meet in small groups for such adventures as aircraft rides, sailing, and musical performances. On one side of the online market are people offering experiences like a ride in a hot-air balloon, and on the other are people willing to pay it. DoWhop is currently raising $1.2 million in early stage funding, Lietzau said.
—Evasyst co-founder and CEO Justin Weissberg said the startup has been building an all-in-one online platform for gamers and e-sports enthusiasts. Evasyst’s online dashboard combines social media, online chat, and a marketplace that enables users to watch their friends play, buy and sell digital goods, and recruit others to play games. The startup has raised $880,000 of a planned $1.8 million funding round.
—MemComputing has focused on developing high-performance computing technology that accelerates so-called “optimization problems,” such as the most-efficient route a sales person should take to visit 50 different cities. With technology that unifies memory and processing components of conventional computers, MemComputing says its proprietary “self-organizing logic gates” rapidly accelerate solutions for optimization problems.
Founding CEO John Beane told the audience he is currently not raising capital for MemComputing, but he wants to talk to anyone who can introduce him to Elon Musk, the CEO at SpaceX and Tesla, or Amazon CEO Jeff Bezos.
—SimpleForms has developed software-as-a-service that targets corporate human resources departments with pre-formatted forms that enable employees to easily fill out, submit, and save common employment forms. Founder and CEO Emily Rotolo said SimpleForms has raised about $400,000 of a planned $600,000 round.
—USYNO founding CEO Jimmy Wu said his startup has created an online marketplace for exchanging currency in a “fast, cheap, and secure” way. The company is initially focused on currency exchange between the United States and China, but Wu told the EvoNexus audience, “We are a matchmaker instead of a money dealer.”
—VRAY founder and CEO Elan Mevasse has developed a business-to-business payment platform for making secure payments for online purchases and other transactions. The technology enables bio authentication by sending a notification message to the buyer’s smartphone that is capable of reading a thumbprint. “We’re selling directly to payment processors,” Mevasse said. After raising $500,000, VRAY is seeking $1.1 million in additional funding.