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: ArrayStream Technologies

Legal Name: ArrayStream Technologies Ltd

Location: London, UK 

Founded: 2017

Founder(s): Ran Fan, Yu Zheng

Website: http://www.arraystream.com/

Social Media: 14 followers on LinkedIn

Industry: Global Mutual Funds Market

Size: $17.71T in 2018 (Source: Mordor Intelligence)

Future: $23.73T by 2024 (Source: Mordor Intelligence)

Introduction

We live in times where active mutual funds are struggling to perform. But a startup called ArrayStream Technologies now offers fund providers a chance to improve chances of beating the index, by reenergizing active funds with AI. 

What ArrayStream Technologies does is help asset management companies develop an AI-powered mutual fund using cloud computing. 

This new fund, thus created, will exhibit all the positive features of index funds; with a lot of added benefits.

The Product

Using high-performance cloud computing, ArrayStream technologies sorts through market signals to identify the ones that have the potential to perform best.

They also “transform single signals, such as GDP and company new, into new composite signals,” as outlined by Zheng at the EF9 demo day. Creating new, composite signals instead of only focusing on single signals opens up hitherto hidden profit opportunities. The company also doesn’t focus on one signal alone. Instead, it tracks multiple signals and switches off from those which are losing power – adapting to market information.

Additionally, ArrayStream Technologies’ website highlights the Polymorphic Diversification method, which they employ to reduce transaction costs and aid in better management of ex-ante risks.

Origin and Founding Team

ArrayStream Technologies was founded by Yu Zheng and Ran Fan, both alumni of Imperial College London. While Zheng’s expertise lies in machine learning, option pricing and portfolio construction; Fan has experience in building real-time automated trading systems, distributed high-performance computing clusters, and big data analytics platforms. They started working together on ArrayStream Technologies in September 2017.

Performance and Trends

In March 2018, ArrayStream Technologies received $100k from Entrepreneur First. 

Zheng also mentions that, around April 2018, they were in the process of creating a thematic fund for a potential customer. Based on ZoomInfo data, the startup clocked revenues of $2.8M in Q4 of 2019.

The post ArrayStream Technologies – AI-powered mutual fund solutions 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.

Name: Elude

Location: Greater Los Angeles Area, CA

Founded: 2015

Founders: Alex Simon and Frankie Scerbo

Website: http://www.elude.co/

Social Media Following: 27 Followers on Twitter, 832 Followers on Facebook, 7,800 Followers on Instagram, 81 Followers on Linkedin

Industry – Global Online Travel Market

Projections: $1091B by 2022 (Source: Allied Market Research)

Introduction

If you’re wondering where to head out for your next vacation, but the budget is a hindrance, Elude, a travel discovery and booking platform, is going to make the task a lot easier. Log on to the website and you are presented with a host of destinations – London, Morocco, Tokyo, Moscow, etc. – that would otherwise be impossible to visit on a tight budget. 

The Product

Elude is a spontaneous travel search engine, allowing people to discover and book unique travel packages based on budget and date. 

Elude asks users for their travel budget and dates and presents them with every city in the world they can afford to get to. The platform helps users book the trip through a truly transparent process by curating and presenting travel suggestions solely by keeping their budget in mind, unlike other mainstream travel platforms.

Origin and Founding Team

Elude is a two-member team comprising Co-founder and CEO, Alex Simon and Frankie Scerbo, who is the co-founder and the marketing and creative officer at the startup. Prior to founding Elude, Alex was a fellow at Kairos Society and has also worked at Morgan Stanley. Frankie, on the other hand, has previously worked GMB North America as an analyst and marketing specialist.

Performance and Trends

In May 2019, the company raised $50,000 as a part of the accelerator program at Expert Dojo. According to Alex Simon’s LinkedIn page, Elude is internationally backed by VCs in Singapore and LA with prominent angels in NYC and the UK. 

The post Elude – Spontaneous, budget-friendly travel recommendations platform appeared first on Techweek.