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22 Mar

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Sight Machine Closes $13.5mm Series B

March 22, 2016 | By |

Sight Machine Inc., leading the digital transformation of manufacturing, today announced it has raised $13.5 million in Series B venture capital. The round is led by Chicago-based Jump Capital and includes GE Ventures, Two Roads Group and Pritzker Group Venture Capital.

“Sight Machine is developing the technology that will bring us closer to the realization of the brilliant factory,” said Karen Kerr, Senior Managing Director of Advanced Manufacturing at GE Ventures, a unit of General Electric Co. (NYSE:GE). “The ability to effectively manage and analyze manufacturing data will change so many industries, and we are proud to partner with Sight Machine to help grow and commercialize its business.”

Existing investors re-investing in this round include IA Ventures, O’Reilly AlphaTech Ventures, Mercury Fund, Huron River Ventures and Orfin Ventures.

Read more on BusinessWire

08 Mar

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Deliv Raises $28mm Series B led by UPS

March 8, 2016 | By |

Deliv, the leading crowdsourced, same-day delivery company, today announced that it has raised $28 million in funding, with participation by a new investor, the UPS Strategic Enterprise Fund, and existing financial and REIT investors including Upfront Ventures, RPM Ventures, Huron River Ventures, PivotNorth Capital, General Growth Properties, The Macerich Company, Simon Venture Group, Taubman Centers, Inc. and Westfield Corp. The funds will be used to support Deliv’s dramatic growth, enhance its product depth and breadth and broaden its national footprint.
Read more at stockhouse.com

10 Nov

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PeachWorks Releases Premium Version of Log – a Digital Logbook for Restaurants

November 10, 2015 | By |

PeachWorks, formerly WhenToManage, the leading restaurant management cloud platform for franchise chains, independent operations, and specialty retail and food service operations, announced today that its popular app Log is now available in a premium version with enhanced features and additional capabilities. Log, subscribed by 1,250 accounts since its launch in December 2014, has been enabling restaurant managers and employees to stay connected and organized in operating their business efficiently.

Log is a free cloud-based application that allows multiple users to create notes, checklists and task lists in real time via different browsers and devices.

Read more on prweb

10 Nov

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SkySpecs closes on $3M funding round, lands first customers

November 10, 2015 | By |

SkySpecs Inc., an Ann Arbor-based company that provides drones for the inspection of wind turbines, bridges and other infrastructure projects, has closed on an investment round of $3 million.

The company has received approval from the Federal Aviation Administration to fly its drones, has landed its first two customers and hopes to hit at least $1 million in revenue next year.

The investment round was led by Jim Adox, managing director of the Ann Arbor office of Madison, Wis.-based Venture Investors LLC, and joined by Ann Arbor-based Huron River Partners, Detroit-based Invest Michigan and some angel investors.

Read more on Crains Detroit

06 Nov

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Postmates CEO Says He’s Raising Money Again In January To Build The ‘Anti-Amazon’

November 6, 2015 | By |

Ask Bastian Lehmann, the CEO of delivery service startup Postmates, what company he’s gunning for, and you might be surprised. It isn’t Lyft and it isn’t Uber, whose forays into food delivery don’t have him worried in the slightest.

“We’re building the anti-Amazon,” he said.

It’s a bold statement–one he isn’t afraid to repeat. But in order for Postmates to get there, the company will need more capital according to its chief executive. During an interview with FORBES on Thursday, the 38-year-old German entrepreneur noted that despite raising $80 million in June, the company will likely seek more funding as early as next January. Lehmann declined to state how much he hopes to raise or at what valuation, but said that it could possibly be from a late-stage or private equity investor.

28 Oct

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Ambiq Micro’s low power MCU enables added functionality in Misfit’s next-generation wearable

October 28, 2015 | By |

Ambiq Micro, the leader in ultra-low power solutions, today announced Misfit, Inc. has selected the Apollo microcontroller (MCU) as the ‘brain’ in the Misfit Shine 2 Fitness and Sleep Monitor.

Announced just last week, the next-generation Misfit Shine 2 provides new features, functions and capabilities without sacrificing its market leading 6-months of battery life.  Shine 2 tracks activity and sleep more accurately with a 3-axis accelerometer and newly added 3-axis magnetometer, displays progress and tells time in a halo of rainbow-colored lights, and gets users motivated with Misfit Move, a feature that encourages users to be active with a vibrational nudge.

“Shine 2 would not be what it is without this processor,” said Steve Diamond, VP of Hardware Engineering at Misfit. “It allowed us to focus less on power optimization and more building a next-generation product with the same great battery life.”

Read more on ambiqmicro.com

20 Oct

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Misfit Debuts The Shine 2, A Bigger, More Powerful Version Enabled by Ambiq Apollo MCU

October 20, 2015 | By |

Over two years ago, Misfit launched an activity monitor called “Shine,” which was among the first breakout successes in the wearable space, offering an attractive alternative to competitors’ then more plastic-looking fitness trackers. In the years since, the company has expanded its product line to include a range of connected devices, including also sleep monitors and connected lightbulbs. Today, Misfit is announcing its newest device, an updated, more powerful version of its flagship wearable, the Shine 2.

Read more on TechCrunch

13 Oct

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Sportsman Tracker’s Mobile App Helps Hunters Find Their Prey

October 13, 2015 | By |

It’s fall, and to a segment of Michigan’s population, that means one thing: The start of hunting season. A Grand Rapids, MI-based hunting-tech startup, Sportsman Tracker, unveiled a new mobile app late last month at San Francisco’s TechCrunch Disrupt conference in anticipation of the season, and company CEO Jeff Courter says the app’s algorithm is “the most accurate and advanced prediction formula available.”

Read more on Xconomy

22 Sep

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One In Three Farms Is Using FarmLogs To Power Their Yields With Big Data

September 22, 2015 | By | No Comments

The American farm may not be the first spot you’d expect to be disrupted by big data, but today’s farmers are already heavily utilizing new technologies to monitor their crops.

Jesse Vollmar, founder and CEO of FarmLogs, told TechCrunch’s Jon Shieber that his product, which helps farmers track and report metrics like heat accumulation, rainfall and soil composition, is being used on a third of farms across the United States.

Read more on TechCrunch

18 Aug

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Algal Scientific selected by Endeavor Detroit

August 18, 2015 | By |

Geoff Horst has been growing his company, Plymouth-based Algal Scientific Corp., since 2009, but it wasn’t until early this month that his business was put under a microscope to see if it qualified to be named an Endeavor Entrepreneur. This means it is poised to receive global services and mentoring to make their fast-growing companies grow faster.

Endeavor is a global nonprofit whose network helps “high-impact entrepreneurs” access capital and connect with resources through mentorship. In turn, the successful entrepreneurs become mentors to other high-growth companies.

Endeavor has U.S. offices in Detroit and Miami and, in May, opened an office in Louisville, Ky. It has support offices in New York and San Francisco.

“Now we’re in a network to reach almost anyone we want,” Horst said. “We have connections to international customers and partners and a local mentor that is specific to our field.