Got Your Back End: Exis, 4 Other Startups in Gener8tor’s New Class
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fund both of its programs this year (gBETA is funded separately, by the Wisconsin Alumni Research Foundation and American Family Insurance).
Gener8tor’s programs, which alternate between Madison and Milwaukee, have produced 38 graduates that have gone on to create more than 400 jobs and raise nearly $75 million from investors, the accelerator says.
Nationally, companies that participated in startup accelerators captured more than 30 percent of all Series A rounds raised in 2015, according to Seattle-based venture capital data provider PitchBook.
Here are brief descriptions of the other four startups in Gener8tor’s latest cohort:
—23VIVI is a virtual storefront for limited edition digital art. An artist uploads a submission to the startup’s website, and, if accepted, 23VIVI makes 23 copies of the piece and attempts to sell them on its marketplace. Buyers receive encoded certificates of authenticity, which are created using blockchain encryption techniques to ensure users don’t have artwork stolen or purchase fakes. Madison-based 23VIVI was part of the latest class to graduate from gBETA.
—Allergy Amulet makes food allergen detectors that can be attached to jewelry and other accessories. These sensors use a disposable test strip, reportedly made of patent-pending polymer film, to analyze the chemistry of a sample. Both people behind the Boston-based company have severe food allergies, making the problem that they’re addressing a personal one. CEO and co-founder Abigail Barnes, who has a law degree, spent last summer in Madison working for the firm Foley & Lardner.
—Behold.ai has developed software that can sift through radiology and camera image data in order to identify diseases. Using deep learning and artificial intelligence technologies, the New York-based startup’s application can recognize patterns and distinguish between healthy body parts and unhealthy ones. Radiologists are able to evaluate predictions made by the software, helping to make its algorithms smarter over time.
—Dattus equips machines with sensors that can share data with Web-connected servers, and with each other. The Indianapolis-based company’s devices can detect any irregularities in temperature or weight, for instance, and automatically shut machines down. According to its website, Dattus’s sensor technology has applications in industries like manufacturing, mining, energy, and life sciences.