Genomenon, Ann Arbor’s AI-driven genomics company, recently announced closing a $20 million Series B financing round. The funds will help expand the company’s commercial operations and the development of its genomic data hub. The Genomenon data hub works with genetic testing labs, hospitals, and biopharma companies by using artificial intelligence to organize genomic data and make it available to clinicians to diagnose patients with rare genetic diseases and cancer. The goal is to use genomics data to create precision medicine that target molecular drivers of disease.
The world’s fastest growing tech hub is now Toronto. The Waterloo Corridor around Toronto has finally achieved its goal of creating a tech hub growing even past planned metrics, with $2.8 billion invested into local startups in the last year, more than the last 10 years combined. This according to The Record, which reports that Toronto is now the world’s fastest growing tech hub.
Ann Arbor cybersecurity startup Censys has just raised $35 million in a Series B round led by Intel Capital. Brad Brooks was appointed CEO to help the company accelerate growth and bring next-gen attack surface management to more verticals. Previous investors include Google Ventures, Decibel and Greylock Partners, who also participated in this round.
Recent University of Michigan Ross School of Business Dare To Dream Grant recipients Shivani Kothari and Anne Goering had an idea: create an online service that helps engaged couples plan their wedding affordably with the assistance of a human wedding planner. The duo, both working on MBAs finished in 2020 and 2021, received the grant in Fall of 2020, and have already launched their startup.
Chicago has been minting unicorn companies, or startups valued at over $1 billion, at a brisk rate in 2021. New unicorn G2 is the fifth of the year. The B2B enterprise software marketplace and review platform startup just raised $157 million in a Series D round led by Permira, a London-based private equity firm. So far, G2 has raised over $250 million in total.
Kabir Maiga started at Continental Automotive, where the team he headed as project lead designed keyless entry for cars. “I thought why don’t we extend this tech from car to front door?” he says. “We incubated the idea with Continental, took a team to Germany for several months, trying to figure out how to go to market.” The project was spun off as a separate entity with Continental as an investor. Now, the new Ann Arbor startup PassiveBolt has launched an award-winning technology for home called ShepherdLock.
Despite the pandemic, more startups have launched in Ann Arbor, Michigan, this year alone than we have space to list here. Many Ann Arbor startups have been around for a few years and are now starting to experience rapid growth. Here is the second half of our article on 10 growing Ann Arbor tech companies that you really have to watch if you’re looking for a tech job or hoping to invest in Midwest tech startups in 2021.
It’s no secret that Silicon Valley is having a major exodus, though that never means it’s lights out for the resilient global hub of tech innovation. We’ve seen ups and downs from the Dot Com crash to the Great Recession, and California always bounces back. What’s different this time is that a confluence of major climate disasters, high cost of living, and the new option for remote work are spreading highly skilled tech workers across the U.S. and the world at a rapid rate–and sending many of them back to their hometowns to launch new businesses.
Cars are gonna fly any day now, or so the story goes according to the non-transportation media. It’s a nice thought, and it will be here eventually. Everybody wants to live like the Jetsons, right? But the reality of drones, self-driving air transport, and the integration of ground and air transportation communication and highways is on the way. It just looks very different than you might expect.
Cybersecurity startup Censys, which offers visibility and risk assessment of businesses’ constantly evolving security vulnerabilities, recently announced that it has hired Derek Abdine as CTO, who will head up technical strategy and innovation. Abdine brings 15 years of work in security industry leadership to the role, as well as experience as an industry evangelist.