According to Chicago Inno’s exclusive interview with insiders, QualSights has raised just under $8 million in a Series A. The report states that the biggest challenge for the new startup is to keep pace with its own success, using the funding to accelerate hiring. FINSMEs reports that the tech platform provider had raised $7.7 million…
CarBeast is a Michigan and California-based startup who created an AI tool with a different application: it helps you make informed decisions about the repair and maintenance of your car, even before it has problems.
It’s no secret lumber costs have skyrocketed, which opens the door to new building materials and technologies. Enter Terran Robotics, a Midwest startup funded by the NSF and recently run through the ODX accelerator to use proprietary AI and robotics technology to build modern homes.
“In insurance, there is certain data that matters in writing a risk,” says Jeff Heine, CRO of Groundspeed Analytics, a top-rated Ann Arbor fintech startup that is disrupting the insurance industry. “But they don’t use more than 10 percent of the data. With AI,” Heine explains, “we’re taking the intensive manual effort [to analyze the data] and automating that.” Groundspeed was rated a finalist for InsurTech Honor of the Year Award by Insurance Insider, was listed by Business Insider as a top Breakout Fintech Star, and was named by the 2020 CB Insights Fintech 250 List of Fastest Growing Fintech Startups. It’s one of the hottest new AI startups coming out of emerging tech hub Ann Arbor, Michigan, but it hasn’t gotten the same attention as many cybersecurity or conversational AI companies because the fintech space is often disconnected from other innovative startups in the Midwest. Groundspeed has gained a lot of ground under the mainstream radar.
