A home typically represents the single largest asset that individuals or families have. Yet, there has not been much technology devoted to making the management of a home more seamless. Homeownership requires not only financial commitments but a significant investment in time. Humming Homes is on a mission to streamline the experience with technology. It’s an end-to-end home management platform that provides continual access to home service experts, a vetted marketplace of vendors for all home maintenance and renovation needs, as well as a console that provides data-driven insight to get a holistic understanding of your homeownership maintenance needs. The platform is currently servicing “mass-affluent” markets with single-family homes like the Hamptons, Westchester, and Greenwich, with imminent plans for expansion to South Florida, Los Angeles, Scottsdale, Austin, Houston. AlleyWatch caught up with Humming Homes CEO and Cofounder Adeel Mallick to learn more about the genesis for the business, the company’s strategic plans, and latest round of funding from investors that include Greycroft, AlleyCorp, Sound Ventures, Thrive Capital, New Valley Ventures (Vector Group LTD.), and Abby Levy.
3D geospatial models are superior to 2D models when it comes to planning purposes as 3D is able to effectively capture terrain, sites, buildings, vegetation, infrastructure, and landscape elements. These can also be layered with additional data sets for use in presentations, planning, exploration, analysis, and management applications in a dynamic format that can readily adapt to changing conditions. However, building these 3D models has traditionally been expensive and time-consuming. Geopipe is a deep learning-powered engine that creates what the company calls “digital twins” that are constructed from raw sensor data and then combined with data processed through a semantic engine to add further context to create the Metaverse, a “massively multi-use environment that replicates our real world”. The platform is versatile as it can be applied to a variety of use cases including training simulations, city planning, coastal resiliency planning, construction, and even gaming. Geopipe’s models can be integrated into existing workflows that use 3D software or gaming/VR engines and can be accessed for as low as $100/mo for commercial use. AlleyWatch caught up with Geopipe CEO and Cofounder Christopher Mitchell, Ph.D. to learn more about the genesis of the company, future plans, latest round of funding from investors that include Village Global, Matrix Partners, the Alexa Fund, and AME Cloud Ventures.
According to an analysis of Fakespot data, as much as 39% of online reviews and recommendations are fake. With an increasing number of bots, anonymous users, and incentivized reviews, would-be consumers are inundated with often inaccurate and unreliable information. RecSpot is a social recommendation platform that only displays recommendations from friends and trustworthy contacts. Users are able to curate their own personalized list in a centralized destination rather than sending individual messages and going through the disparate experience of visiting dozens of different channels. The company, which just launched, is focused on entertainment at launch, with recommendations focusing on television and film. The company will launch into new verticals including dining, hospitality, shopping, and more. The app is live and available for iOS and Android. AlleyWatch caught up with RecSpot Founder Ian O’Brien to learn more about the inspiration for the business, the company’s strategic roadmap, recent round of funding, and much, much more.
For many, the pandemic has made us reevaluate how we view our living situations and our possessions. As millions flocked to remote lifestyles, they were also forced to downsize and shed items including clothing. Wardrobe is a peer-to-peer fashion rental marketplace that allows users to rent out their fashion items to aspiring fashionistas and earn. For renters, they are able to access high-end and unique items while participating in a sustainable circular economy at a time where $400B+ of clothing is discarded each year. The company, founded in 2018, uses retail dry cleaning locations as hubs for its service where renters can pick up and drop off clothing if they are in NYC. The dry cleaners also provide storage and cleaning while earning incremental revenue. Items can also be shipped nationwide for those not near a hub. Wardrobe charges ~35% of the rental fee as a service charge. AlleyWatch caught up with Wardrobe CEO and Founder Adarsh Alphons to learn more about how Wardrobe is making fashion more sustainable, the company’s celebrities influencers, strategic plans, latest funding round from investors that include Slow Ventures, Foundation Capital, Neil Parikh, and Leon Bridges.
There has been a resurgence in the debate about the clinical use of Psychedelic therapies or psychedelic-assisted psychotherapy (PAP). There’s been increased legalization of substances and ketamine has been the most-studied psychedelic drug for its promising response to treating mental health conditions especially when it comes to healing patients from past trauma. Journey Clinical is a prescription service that allows Psychotherapists to prescribe ketamine-assisted psychotherapy to unlock a new care pathway for patients for whom traditional pharmacological routes have not worked. Psychedelics are said to increase suggestibility, making patients more open to concepts brought up in therapy as well as resulting in neurotransmitter changes causing an improvement in mood. AlleyWatch caught up with Journey Clinic CEO Jonathan Sabbagh to learn more about the company’s mission to make psychedelic therapy more accessible and mainstream, how his personal journey overworked in finance led the AHA moment, strategic plans, latest round of funding from investors that include Fifty Years Neo Kuma Ventures, Palo Santo, PsyMed Ventures, and Lionheart Ventures.
There are countless tools that are designed for engineers to monitor infrastructure whether it be for the cloud, applications, or IT. But what happens when it comes to operations, which effectively governs goods, services, and people and how they interact within a company’s customer journey from first contact to service delivery. Avenue is an observability platform that allows operations teams to build alerts from their database or data warehouses to identify critical business issues in real-time. Non-technical teams can easily set up these alerts on a myriad of data, without extensive knowledge of code, and the alerts flow directly into existing workflows like Slack or other channels. This brings versatility and usability to the platform as use cases can range from monitoring inventory levels to identifying churn risk. Any incidents can be tracked to ensure they are being handled from acknowledgment to resolution. AlleyWatch caught up with Avenue CEO and Cofounder Justin Bleuel to learn more about the founding team’s experience at ops-driven companies led to the AHA moment that sparked the company, the company’s experience at Y Combinator, strategic plans, recent round of funding led by Accel.
COVID threw the corporate event planning industry into a tailspin. Uncertainty around in-person gatherings, restrictions, and health protocols has solidified that the future of events will likely not be similar to what we were accustomed to before the world changed in the late Winter of 2020. The Vendry is a marketplace and professional social network for corporate event planners to navigate the future of their industry with its tech-enabled platform. With so much uncertainty around the industry, one this is certain – events of the future will have some technology-powered hybrid component and The Vendry is able to offer vetted solutions to its growing community (~18K+) whether it’s outdoor venues or event staff that’s fully vaccinated. Aside from vendor procurement, the platform also offers the exchange of best practices through discussion forums, a job board, and also serves as a trusted information provider showcasing key industry news and resources. AlleyWatch caught up with The Vendry Founder and CEO Daphne Hoppenot to learn more about building an events-focused business in the midst of a pandemic that shut down in-person activity, strategic plans, latest round of funding from investors that include Peter Boyce of Stellation Capital, Founder Collective, Primary Venture Partners, WGI Group, Leadout Capital, Operator Partners, Brilliant Friends, Howard Lerman, Brian Distelburger, Jason Harinstein, Geoff Yang, and Ed Zimmerman.
The online sports betting industry generated over $1B in revenue in 2020 in the US and that is expected to increase sixfold by 2023 as the legalization of wagering continues to spread throughout the nation. Sports have become an American obsession with sports fandom defining how people view themselves over religious, political, and regional affiliations. However, not all fans are interested in gambling but would like to engage with sports with something on the line. PredictionStrike makes investing in sports accessible with its simulated stock exchange that allows users to buy and sell virtual shares in professional athletes. Share prices are determined by not only supply and demand but also real-time athlete performance. The company plans to give athletes a percentage of their respective market caps to have interests aligned as well as deepen engagement. Technology has forged new possibilities in the athlete-fan relationship and PredictionStrike’s exchange creates a new avenue for fans to monetize their passions AlleyWatch caught up with CEO and Cofounder Deven Hurt to learn more about the Aha moment for the business, the state of sports engagement, the company’s strategic plans, and recent round of funding from MaC Venture Capital and New Age Capital.
Half of Americans rely on friends and family for restaurant recommendations but your inner circle may not have the same tastes as you. Some turn to social media to discover what influencers are recommending. Others are reliant on static review sites like Yelp. But lost in these exchanges is a centralized, trusted destination to organize and access consistent recommendations that are relevant to the specific user. Seek seeks to change this with its social recommendation platform that connects consumers with like-minded curators that provide recommendations across six different segments – restaurants, cafes and sweets, nightlife, attractions, events, and activities. Users can discover, save, and share consumer leisure recommendations from curators that share similar tastes rather than relying on anonymous reviews. The newly-launched platform, currently focused on NYC, is designed for curators to build audiences and interact with their followers, offering monetization options that preserve authenticity but also allow the curators to earn a living. AlleyWatch caught up with Cofounder and CEO Shanna Liu to learn more about the inspiration to build a social discovery platform for consumer leisure that actually works for users and curators, the company’s strategic plans, and recent round of funding from investors that include Valar Ventures, QED Investors, Western Technology Investment (WTI), Entree Capital, Breyer Capital, and Goodwater Capital.
Cannabis sales eclipsed $17B in 2020, setting a new record for annual sales and the economic impact of the marijuana industry is expected to surpass $92B in 2021. CAGR for annual sales is estimated to be at least 20%+ by most estimated until 2030 with more and more jurisdictions, including New York, moving towards legalization. Sophisticated specialized services to cater to the needs of cannabis brands and businesses are emerging to address this nascent but ballooning market. Surfside is an end-to-end customer acquisition platform built specifically to address the needs of the cannabis industry. The company prioritizes the collection, use, and synthesis of first-party data to power its customer data platform and layers that data with its demand-side platform to power tailored campaigns across all devices. As a result of regulatory restrictions, cannabis businesses are not able to effectively leverage conventional advertising means and Surfside provides a packaged, unifying, and compliant solution to build and scale demand generation. The company now has over 1,000 dispensaries and over 100 brands using the platform. AlleyWatch caught up with Cofounder Jon Lowen to learn more about the inspiration for the business, the company’s strategic plans, and recent round of funding from Casa Verde Capital.
Knowing your customer is one of the core tenets of any business. For digital businesses, knowing your customer interactions with your software is critical. In a SaaS-dominated world, sales strategy largely focuses on providing free trials with the hopes that a certain percentage converts to paid customers without considering any feedback from the customer or customer behavior. Correlated calls itself a “Product Led Revenue Platform” that lets software companies track and understand exactly how their customers are interacting with their product, providing them with contextual insight on when and how best to convert trial users into paying customers based on the customer’s specific circumstances. Previously, sales teams have relied on using sets of disparate and rudimentary tools to monitor a customer’s behavior but Correlated is one of the first platforms to centralize and formalize this sales enablement function in real-time. The platform integrates with sales technology stacks with a few clicks, supporting Hubspot, Salesforce, Snowflake, Segment, Slack, Outreach, and others. Similar to Zapier, Correlated can trigger corresponding actions in these platforms based on when pre-established conditions are met based on user behavior. AlleyWatch caught up with CEO Tim Geinsenheimer to learn more about how the founding team’s experience at a number of high-growth New York startups inspired the idea for Correlated, the company’s launch out of beta, future plans, recent funding round from investors that include Harrison Metal, NextView Ventures, Apollo Projects, Brian Long, Andrew Jones, Ben Darnell, and Pete Kazanjy.