The adoption of AI technologies in businesses increased from 48% to 72% from 2018 to 2019, enabling industries to increase efficiency, streamline processes, and reduce costs. But training these AI models to accurately reflect real-world conditions is a challenge for machine learning practitioners when developing an application from zero to production. AI.Reverie offers a suite of synthetic data and vision APIs, which provide annotated images and videos, to allow organizations to train their machine learning algorithms efficiently at scale and improve the accuracy of their AI efforts. The company, founded in 2017, has raised a total of $5.6M in funding to date and recently landed an impressive $950M contract to help the US Air Force enhance its computer vision capabilities for its Advanced Battle Management System. Aside from the defense industry, the company’s pioneering technology is also being used for urban planning, retail, agricultural, and industrial applications and AI Reverie grew 3x in 2020. AlleyWatch caught up with CEO and Cofounder Daeil Kim to learn more about the company’s vision to make AI sustainable and inclusive, future plans, and much, much more.
Launching in the Alley
You have a group of friends that you want to go out to eat with but deciding where to go often takes significantly more time and energy than the actual dining experience. Munch is a dining discovery app that makes this process more seamless for groups to enjoy dining together. The app features a Tinderesque experience that allows a group of would-be group diners to swipe on restaurants that they would be interested in going to and comes up with matches that accommodate everyone in the group, taking into account cuisine preferences, location, and dietary restrictions. For restaurants, the app’s B2B platform serves as a data collection resource to understand their customers, develop customer segments, and also provides a promotion tool with advertising and offers capabilities built-in. AlleyWatch caught up with CEO and Cofounder Chris DeSantis to learn more about the inspiration for the business, the state of the hospitality industry through lockdowns and the pandemic, the company’s future plans, and much, much more…
Americans spend $1200 per year per capita on prescription medication and this spending has increased rapidly over the last decade. Transparency in drug pricing is completely non-existent with consumers not easily able to compare prices across different pharmacies and channels. Carecard is a prescription drug marketplace that offers substantial savings (up to 85%) whether you have insurance or not. The startup is partnered with over 35,000 pharmacy locations nationwide including the major big-box chains like CVS and Walgreens. All consumers have to do is search the online database to see where the best deals are available and present the company’s discount card when they are checking out to receive the discount. The company monetizes through referral fees, licensing its technology, and ad revenue.
While the pandemic has halted all in-person events, we have flocked to virtual events to be connected and feel a sense of normalcy. With an endless sea of events to choose from, finding the right events to attend is still a problem just as it was in the Pre-COVID world. Playground is an AI-based platform with a slick interface that matches individuals with interesting events and individuals that are relevant to them. Billing itself as the “Spotify of events”, the company also focuses on supporting creators and hosts of these events to drive interest from the people who stand to benefit from being in these communities. The company pivoted from offline event discovery as a result of the pandemic and now has a broader potential user base that transcends globally. AlleyWatch caught up with Founder and CEO Jia Ling (Linda) Yang to learn more about the traction of the business, the company’s future plans, and experience pivoting.
The entertainment industry is characterized by its long-hours and unpredictability with crew members’ availability subject to constant change. This makes it difficult for production to staff properly and efficiently. Crew Me Up is the database of filmmakers that adds structure to and centralizes the crew member hiring process, also making it easy for film professionals to expand their networks and explore job opportunities. The free service allows professionals to set up a profile that contains a link to a website, resume, and/or IMDB page to verify credibility. Employers are able to search availability in real-time through the database. AlleyWatch caught up with CEO and Cofounder Joshua Friedman to learn more about the marketplace, how the pain points he experienced working in the entertainment industry since 2007 led to the launch of Crew Me Up, the experience navigating the pandemic when much of the entertainment industry was shut down, and much, much more…
Executive assistants are the backbone of administrative operations, but there’s been a void in professional resources for the profession. Cabinet is the go-to destination for exclusively for executive assistants to share knowledge, ask questions, and build community. Cabinet’s forum allows assistants to connect with one another and source instant answers to questions that would’ve taken hours to manually research. Presently, there are over 3K EA’s on the platform ranging from personal assistants for HNWI to EAs at Fortune 500 companies like Google and Disney. The company offers a freemium model with its premium tier costing $20/Month. AlleyWatch caught up with CEO and Cofounder Julia Hawkins to learn more about how her experience as an EA inspired the need for Cabinet, the size of the market that Cabinet addresses, and the company’s future plans.
Maintaining brand consistency across all the various social media channels is a difficult challenge and even more so on mobile. Founded by a team of social media veterans, Slate helps social media enterprise teams reconstruct the content creation process, incorporating a set of brand assets directly onto mobile. Social teams can build, design, and post content within seconds all from their mobile phones while staying on-brand. Slate has built traction in sports with clients like the Houston Rockets, Lakers, and Golden State Warriors and is expanding its customer base to other verticals.
Options traders that reliant on data-driven trades are often forced to combine disparate sources that do not integrate directly with their trading platforms, creating bottlenecks and inefficiencies, especially when the markets are moving fast. These legacy systems also make it nearly impossible to trade algorithmically. OptionsLive is the fully electronic options trading platform that easily integrates into a traders’ existing workflows. The platform provides traders with real-time information and analytics so they can be certain they are never making trading decisions based on old or stale information. This comprehensive options trading solution is built on OpenFin, the financial markets’ operating system (OS), that’s already found in more than 1,200 desktop applications across 225,000 desktops in over 1,500 buy-side and sell-side firms. AlleyWatch caught up with David Hoffman shares more on how OptionsLive replaces legacy systems, the company’s future plans, and differentiators.
One of the biggest challenges with multi-location franchises or businesses is ensuring that there is brand consistency throughout all the locations. Notch is the first software that systematically introduces processes to methodically plan and furnish multiple spaces. Notch’s Furniture, Fixtures and Equipment (FF&E) procurement software creates tools allowing users to template repetitive workflows, automate multi-vendor purchasing, centralize project data, and track inventory assets. AlleyWatch caught up with Founder Charlie Miner to learn more about Notch and the services it offers for its clients in the hospitality, flex office, restaurant, and retail industries.
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.
After an early career in investment banking and a Harvard MBA, Andrew Forman cofounded Givz, a SaaS-based, social impact marketing platform that has worked with blue-chip clients ranging from sports leagues to major clothing retailers and beverage companies. Andrew shares more on the company’s impact during COVID and future plans.