Microbes are essential to all life on earth and, in fact, the most dominant form of life on Earth. The study of microbes has historically advanced society in numerous ways such as the creation of the first smallpox vaccine, identifying the causes of cholera, tuberculosis, and anthrax, and the discovery of penicillin. Today, microbes in controlled settings can improve healthcare, food production, and agricultural output. Kingdom Supercultures is a designer and supplier of microbial strains that are naturally found in food. By using experimental and computational approaches for formulation, the company is able to provide the raw ingredients for use in manufacturing plant-based food, fermented beverages, and personal care products. There are over 6000 food additives – flavoring, glazing agents, bleaching agents, improvers, etc. – that are used to process foods that we’re told are harmless but, in reality, are anything but and never found in natural food. Kingdom Supercultures offers a viable substitute, at scale, to these ingredients to ensure that the future of food production and consumer goods is with real, natural ingredients, free of manipulation and processing aids. AlleyWatch caught up with Kingdom Supercultures CEO and Cofounder Kendall Dabaghi to learn more about the company’s ambition mission to reframe the way we think about food production, strategic plans, latest found of funding from investors that include Shine Capital. In addition to Shine Capital, this funding round was supported by Valor, Tao, Lux, SALT, Reference, and Digitalis
Machine learning, when applied properly, enables manufacturers to optimize processes, reduce emissions, reduce costs, and optimize quality. ML also assists businesses with accurate forecasting and predictive maintenance, allowing businesses to understand the impact of decisions before time and resources are spent. The data found in factories is highly valuable and easier than ever to capture but the data needs to be processed effectively to have meaningful value. Fero Labs is an industrial explainable machine learning platform that helps manufacturers unlock efficiencies by focusing on process optimization. The pandemic led to a surge in the adoption of AI solutions across industrial applications and this trend is expected to continue. Plant operators without data science backgrounds are able to implement Fero’s platform and interpret findings to add immediate value to the manufacturing process. The company, founded in 2015, grew 400% in 2020. Customers, like Henkel, Volvo Trucks, and Covestro, were able to increase profitability by 10% on average while reducing their carbon footprints.
AlleyWatch caught up with Founder and CEO Berk Birand to learn more about how machine learning is transforming manufacturing, the company’s strategic plans, and recent round of funding from investors that include Innovation Endeavors and Deutsche Invest VC.
Just last month, shutdowns at Colonial Pipeline and meat producer JBS as a result of cyberattacks show how vulnerable our society is to these increasingly sophisticated attacks, leading to a greater emphasis on safeguarding critical infrastructure. Claroty is an end-to-end cybersecurity platform that’s focused on protecting the industrial economy from cybersecurity incidents. The company focuses on visibility, detection, risk and vulnerability management, and secure remote access in three areas operational technology (OT), Internet of Things, (IoT), and industrial IoT (IIoT) with solutions that integrate directly with an organization’s existing cybersecurity infrastructure. Claroty’s customers are some of the leading industrial organizations covering an array of use cases in applications like chemical manufacturing, airport management, oil & gas, utility companies, consumer goods, mining, and pharmaceuticals. In fact, Claroty is working with Pfizer to safeguard the supply chain for COVID-19 vaccine production. Through the pandemic, from the first half of 2020 to the first half of 2021 the company is expected to grow new ARR by 133% and grow the team by 50% by the end of the year. AlleyWatch caught up with CEO Yaniv Vardi to learn more about how Claroty is safeguarding the most critical infrastructure, the company’s strategic plans, latest round of funding from investors that include Bessemer Venture Partners’ Century II fund, 40 North, LG, I Squared Capital’s ISQ Global InfraTech Fund, Temasek, Team8, Rockwell Automation, Siemens, and Schneider Electric.
As you start your spring cleaning this year, it’s likely that you’ll end up throwing away large amounts of clothing. In fact, the volume of clothing that Americans dispose of annually has doubled in the last twenty years. Only 15% of textiles are presently recycled. AlgiKnit has developed a renewable yarn that’s made from kelp, a plentiful organism that rapidly regenerates. The yarn is extremely durable and compostable. The production process can be applied to an existing factor infrastructure so there isn’t a capital-intensive investment required to switch to using materials with a significantly lower environmental footprint. AlleyWatch caught up with Cofounder and CTO Aaron Nesser to learn more about the innovative process of turning seaweed into eco-conscious textile materials, the company’s future plans, and latest round of funding led by Horizons Ventures.
Most independent retailers don’t have much time to source products for their stores. Instead, they are reliant on distributors that visit the store with products or on attending tradeshows. There are a number of emerging brands that would like to be on these shelves but don’t have the huge sales staff necessary to visit these retailers independently. Abound connects the two with its online wholesale marketplace. Retailers get access to a curated selection of products from vetted brands spanning various product categories like Accessories, Baby & Kids, Beauty, Food & Drink, Home, and Jewelry while getting flexible payment and return terms; the brands are able to secure retail placement through the platform. In 2020 despite the pandemic, Abound grew rapidly, registering a 20x growth in monthly sales volume, adding 180,000+ products to the marketplace. AlleyWatch caught up with CEO and Cofounder Bill Shope to learn more about the business, future plans, and the company’s latest funding round from investors that include Left Lane Capital, RiverPark Ventures, All Iron Ventures, and Red Antler.
Industrial companies are constantly seeking new ways to keep their workforces safe and KINETIC has been one of the key solutions. The company’s patented wearable device, Reflex, detects unsafe postures and provides real-time alerts to employees whenever they are engaging in high-risk motions. The company’s dashboard layers software so that managers and safety personnel can have a bird’s eye view into safety and incident data; now address workplace issues with a data-driven approach. AlleyWatch caught up with CEO and Cofounder Haytham Elhawary to learn about KINETIC’s technology is keeping workforces globally safe, how warehouses are able to leverage the platform, and the company’s recent funding round from investors that include Crosslink Capital, Primary Venture Partners, Nationwide Ventures, Prologis Ventures, and Ubiquity Ventures.
The importance of agile supply chains has never before been more important as companies need to adjust quickly to respond to market volatility, economic uncertainty, and shifts in consumer behavior. Gooten is an e-commerce supply chain platform for the on-demand manufacturing of printed items that allows merchants to quickly route and fulfill orders from over 45 global manufacturers seamlessly. This is done through a simple API that allows e-commerce stores to turn images into print-ready files, verify addresses, list products, optimize shipping, and more. AlleyWatch caught up with CEO Brian Rainey to learn more about Gooten, the impact it’s making in expanding online commerce, and the company’s future plans.
We often forget to listen more and talk less when dealing with problems. The same happens to be true for industrial machinery. Augury is the predictive maintenance platform that “listens to machines” to detect what is wrong using IoT sensors to understand acoustic signals to troubleshoot. Augury has compiled the largest library of machine fault data and uses this data to train its AI model. The company is on pace to triple its contracted revenue this year AlleyWatch caught up with Cofounder and CEO Saar Yoskovitz to learn more about Augury’s platform, impressive, growth in this trillion-dollar industry, and latest funding from investors that include Qumra Capital, Insight Venture Partners, Eclipse Ventures, Munich Re Ventures, Qualcomm Ventures, and Lerer Hippeau.
Additive manufacturing has disrupted the entire manufacturing process paving the way for the rapid adoption of 3D printing to create stronger, lighter, more complex parts and systems. nTopology is the first engineering design software built natively for this shift. CEO Bradley Rothenberg offers some insight into how manufacturing has changed as a result of 3D printing, how the company raised 33% more than its target in less than weeks (all during the pandemic) from notable investors that include Insight Partners Root, Canaan, DCVC, and Haystack, and much, much more…
Generation Z is all about individuality and customization, and according to studies 55% of Gen Z’ers rather have the ability to design products that nobody owns. King Children is the latest eyewear company – powered by 3D printing technology- that is giving full design power to consumers. Purchasing a pair of glasses from King Children […]
Remember how you styled your first apartment directly from an IKEA catalog? That’s no longer necessary thanks to The Inside, the direct-to-consumer custom brand for home décor. This company caters to those who want to personalize their spaces, fueled by technology while not breaking their bank accounts and not having to wait months for a custom order. […]