Name: Mimica

Legal Name: Mimica

Location: London, UK

Founded: 2018

Founders: Raphael Holca-Lamarre and Tuhin Chakraborty

Website: https://mimica.ai/

Social Media Following: 190 followers on LinkedIn

Introduction

Imagine your computer learning to take care of your repetitive, administrative work for you. That’s the future Mimica is building. The company is developing a new software that learns to automate certain processes just by observing it, thus eliminating the need for developers and making the technology accessible to everyone. 

This approach dramatically broadens automation potential within a business as all the low-volume, bespoke tasks that never warranted attention suddenly become viable candidates for automation, opening up a previously untapped $5 trillion market.

The Product

The first product Mimica has brought out into the market is an automated process mapping solution. The platform’s algorithms learn by watching you work, observing clicks and keystrokes, and using machine learning to identify repetition and patterns within this dataset. 

The mapper sits on an employee’s computer and continuously records their process for 2-3 weeks. The machine learning algorithms then clean, analyze and merge the recordings into a single, elegant process map. These maps are used for RPA, time-and-motion studies, business process management and more.

Origin and Founding Team

Raphael Holca-Lamarre is Co-Founder and CSO. He holds a Ph.D. at the intersection of disciplines such as neuroscience and machine learning, developing brain-inspired learning algorithms for deep neural networks. 

Tuhin Chakraborty, Co-Founder & CEO, is a graduate from Stanford University. He comes with experience from earlier stints at LinkedIn and Pandora. 

With Mimica, the two co-founders aim to leverage their collective expertise and experiences in building enterprise applications, automation, and machine learning to help organizations move away from time-consuming and error-prone manual programming with more cost-effective solutions.

The post Mimica – Saving employee time by automating repetitive processes appeared first on Techweek.

Name: Dash Systems

Legal Name: Dash Systems

Location: Los Angeles, CA

Founded: 2016

Founders: Joel Ifill

Website: http://www.dashshipping.com/

Social Media Following: 50 followers on Facebook, 91 followers on LinkedIn, 114 followers on Twitter

Introduction

Dash Systems is a commercial UAV manufacturer that facilitates cargo delivery through drones. The aerial logistics company designs, manufactures, and deploys one-way delivery drones. These low-cost devices can be mounted to any commercial aircraft, helicopter or UAV, thereby allowing fast and rapid deployment into any environment. 

The Product

Dash Systems claims to be the first commercial aerial delivery technology that connects cargo airplanes to customers and does away with the need for an airport or runway. The technology has been developed by marrying aerospace engineering expertise with a cutting-edge UAV backbone, making them capable of delivering cargo to otherwise inaccessible and remote locations. 

The core belief of the company stems from the fact that cost, complexity, regulations and performance limitations are all barriers to autonomous delivery. Factors such as weather,  infrastructure, availability, and safety are the barriers air deliveries continue to face today. With their proprietary technology, Dash Systems thus improves the efficiency of deliveries while reducing the cost of delivery drones. Using Dash Systems proprietary technology, every airplane can be converted into a mobile drone launch platform capable of delivering over 1000 packages at one go. 

Origin and Founding Team

Founder and CEO of Dash Systems Joel Ifill has to his credit over a decade’s experience as an engineer work experience at Senior Aerospace SSP as a lead welding engineer (where he led the design and implementation of an automated welding quality system leading to a 98% reduction in welding record mistakes), and stints at WET Design, Bechtel Marine Propulsion Corporation.

Performance and Trends

Dash Systems is funded by Techstars and MiLA Capital (Make in LA). Their latest funding was raised in July 2019 as a part of a pre-seed round.

The startup was also covered by Fast Company for its support in relief activities after the hurricane in Puerto Rico in 2017. While still in its pilot phase at the time, Dash Systems used its proprietary navigation system to target affected areas andd deliver supplies using airdrops. 

The post Dash Systems – Delivering aerial logistics services with smart drones appeared first on Techweek.

Name: TrustaBit

Legal Name: TrustaBit, LLC 

Location: Los Angeles, CA

Founded: June 2017

Founder(s): Saritta Hines

Website: https://www.trustabit.io/ 

Social Media: 5838 likes on Facebook, 1184 followers on Twitter, 121 followers on LinkedIn

Industry: Global blockchain technology Market

Future: $57,641.3M by 2025 (Source: PRNewswire)

Introduction

TrustaBit, is a travel tech startup that automates flight delay compensation by harnessing blockchain technology. This white-label SaaS software is used by airlines to let passengers know of flight delays or cancellations, and then automatically offer compensation in the form of air miles, vouchers, or currency. 

“Trustabit will allow airlines to set scenarios and amounts into smart contracts, control how vouchers are sent to new or existing accounts, and create branded notifications for customers. This customization will allow them the opportunity to build positive brand experiences at every customer touchpoint,” said a press release. 

Apart from building customer loyalty, it also helps airlines reduce costs related to issuing flight vouchers and call center running costs. 

Additionally, TrustaBit ensures compliance with the European Union regulation that requires passengers to be compensated for delays in flights greater than 2 hours. 

The Product

With TrustaBit, updates on flight cancellations or delays and compensation details are delivered directly and automatically to each flyer’s smartphone. The app even features a detailed history of each user’s claims and redemption.

“What we’re providing airlines is a way to improve the passenger experience and speed up the compensation process that happens when flight disruptions occur,” Saritta Hines said to Fora.

Now, what sets TrustaBit apart from the competition is that they use a private blockchain called Hyperledger Fabric that safeguards sensitive airline API data. Using this technology, all the flyer and their flight details can be collected without having a customer service agent call fliers and manage the delays. And it does so by integrating with partner airlines’ existing apps and customer management tools.

“We needed a way to provide a low-touch application that would allow passenger self-service and enable airline personnel to focus on escalations, rather than repetitive tasks,” Hines told APEX Media. “Smart contracts are the answer to this, as they code the business rules to be carried out on the blockchain. Because our clients deal with high volumes of passenger data, we elected to use Hyperledger Fabric, an enterprise blockchain solution boasting all of the technological benefits, such as heightened security, not just the hype.”

According to StartEngine, TrustaBit charges $8 as transaction fee for the first 50,000 vouchers issued. After this threshold is crossed, the startup receives $5 per new voucher issued. 

Currently, it is focused on the European market, versus the US market; as the former has more operating airline carriers. 

Origin and Founding Team

As Hines, an industry expert in data analytics, was building an Ethereum mining rig with her grade-schooler daughter she began thinking of how blockchain technology can help solve real-world problems. That’s when she noted that the airline industry had quite archaic means of flight disruption notification and compensation management. On conducting further research, she saw that several European airlines have entire departments that dedicatedly handle repetitive tasks pertaining to flight delay management. In a move to automate such mundane roles, she birthed the white-labeled flight disruption management solution – TrustaBit.

In the autumn of 2018, Hines launched the proof-of-concept app. Following this, she participated in the Propeller Shannon startup program from January to April 2019, as mentioned in Fora. This helped her meet new clients and build her industry contacts.

Performance and Trends

According to Crunchbase, in January 2019, TrustaBit secured $50k from Expert Dojo. Prior to that, in October 2018, the startup received $16.6K from an equity crowdfunding initiative.

Its revenue in Q2 and A3 of 2019 was $2.8M, according to Zoominfo.

As told to Phocuswire, the startup hopes to widen its revenue avenues by including ride-share companies, hotels, and airport vendor partners to its blockchain network.

The post Cancelled Flight? TrustaBit offers automatic updates and compensation appeared first on Techweek.

Name: CrossnoKaye

Legal Name: CrossnoKaye

Location: Santa Barbara, CA

Founded: 2017

Founders: Bryan Kaye, Jesse Crosno

Website: www.crossnokaye.com

Social Media Following: 139 Followers on Linkedin, 12 Followers on Twitter 

Industry – Global Market for Intelligence Power Distribution Systems

Size: $833M in 2019 (Source: Technavio)

Projections: CAGR of 8% between 2019 and 2025 (Source: Technavio)

Introduction

CrossnoKaye develops control systems and fully-automated energy strategies for industrial facilities. By using physics-based models, machine learning, and predictive analytics, their products are developed specifically for the modern energy landscape. The company also offers a vast catalog of advanced process control applications designed to optimize economic returns.

The Product

CrossnoKaye’s modern Atlas Platform has been developed for industrial processes that enable the safe implementation of complex and multi-component model and data-driven strategies.

The platform’s secure cloud-connectivity enables faster prototyping and access to real-time data analysis on facility behavior. The virtual sensors monitor the key metrics relevant to the industrial unit using model-driven edge computing, while the model predictive controls ensure the smooth implementation of complex, multi-input, multi-output process controls. 

By stabilizing the electrical load using the Atlas Modules, industrial facilities can save megawatts off their demand charge. The company’s research has also proven that by automatically shifting power usage to different times of the day, their partners’ facilities have reduced electricity costs by approximately 40%.

Origin and Founding Team

CrossnoKaye was founded by Harvard PhDs Bryan Kaye and Jesse Crosno, who between the two of them have backgrounds in diverse subjects such as physics, statistics, machine learning, numerical optimization, data science, and thermodynamics. Bryan Kaye is the CEO at CrossnoKaye, while Jesse Crosno serves as the CTO, with the two leading a team of interdisciplinary experts to develop predictive industrial controls for more efficient energy consumption infrastructures. 

Performance and Trends

CrossnoKaye was chosen for its 2019 cohort by the cleantech startup accelerator Los Angeles Cleantech Incubator.

The post CrossnoKaye – Building predictive systems for industrial energy distribution appeared first on Techweek.