Archie Cowan

Midwest High Growth Tech Startups To Watch 2022: Detroit
Funding, Mobility Tech, Robotics, Software

Midwest High Growth Tech Startups To Watch 2022: Detroit

Detroit continues its lead in the autonomous vehicle and electric vehicle space with new startups coming out every month to address pedestrian safety, in-vehicle AI-based connectivity, and more. As transportation, advanced manufacturing, last-mile logistics, and autonomous technologies advance, expect to see more government investment in these areas to secure Michigan’s future dominance of these markets. Detroit’s got skin in the game and is already investing in an autonomous test highway, multiple self-driving car test facilities, drone deliveries for automakers and the airport, and mobility-focused incubators to support startups across Detroit and the state.

The Midwest’s High Growth Tech Startups To Watch 2022: Ann Arbor
News

The Midwest’s High Growth Tech Startups To Watch 2022: Ann Arbor

The Midwest is in a renaissance of technology companies, with Michigan at its center. Michigan now has the highest level growth of VC investment of any state this year, with 900% VC investment growth between 2016 and 2020. Ann Arbor isn’t the only tech hub growing in the Midwest, but it is a notable one, with 46% of the tech startups in Michigan located in this one college town, according to EntryPoint Michigan. In Washtenaw County alone, 43 startups in 2021 attracted $215 million in venture capital funding.

Benzinga Acquired by Beringer Capital, Valuing at $300 Million
Funding

Benzinga Acquired by Beringer Capital, Valuing at $300 Million

Beringer Capital, a private equity firm specializing in media, marketing services, and technology, announced it has acquired a majority stake in Detroit-based crypto financial advice media outlet Benzinga for $20 million this week. Benzinga is a software-based financial media platform that delivers news, investment analytics, and market information to subscribers, and has really taken off during the recent crypto craze.

Eoxs Pivots to Analytics Software for Steel
Advanced Manufacturing, Announcements, Software

Eoxs Pivots to Analytics Software for Steel

Eoxs has been one of the most popular stories we’ve covered on Cronicle. The startup disrupted steel buying technology by providing an e-commerce solution for steel buyers to create their own marketplaces online within one day. The industry was interested in the technology, but reportedly didn’t want marketplaces killing off retail competition, as can happen sometimes. Eoxs founder Rajat Jain says he also didn’t want to be in steel but to focus his efforts in software. So, the startup pivoted quickly to offer cloud-based reporting software for the steel industry–another low-hanging fruit in an industry still using basic reporting and analytics tools.

Welcome to Cronicle Press: Ann Arbor Tech News
Announcements, Tech News

Welcome to Cronicle Press: Ann Arbor Tech News

You live in Ann Arbor or maybe you just work here. From the chatter on the street or in the restaurants, you know thousands of people here work in technology. Walking from Main St. to State St., it’s hard to not notice a tech t-shirt, banter about code, signs on offices with made up words. Whether they’re startups or billion dollar businesses with offices here, tech is all over Ann Arbor today and they’re all hiring. There is so much happening, where can we all find out about what’s going on where?

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