[Bizzabo in Demand GEn Report] Bizzabo Event Platform Aims To Streamline Event Operations & Manage Their Events

Bizzabo intends to provide a set of management tools that helps event professionals manage in-person, virtual and hybrid events, streamlining event operations so they can focus on the attendee experience and creating engaging content.

Read more here.

The post [Bizzabo in Demand GEn Report] Bizzabo Event Platform Aims To Streamline Event Operations & Manage Their Events appeared first on OurCrowd Blog.

OurCrowd Blog

Rippling nabs $145M at a $1.35B valuation to build out its all-in-one platform for employee data

Big news today the world of IT startups targeting businesses. Rippling, the startup founded by Parker Conrad to take on the ambitious challenge of building a platform to manage all aspects of employee data, from payroll and benefits through to device management, has closed $ 145 million in funding — a monster Series B that catapults the company to a valuation of $ 1.35 billion.

Parker Conrad, the CEO who co-founded the company with Prasanna Sankar (the CTO), said in an interview that the plan will be to use the money to continue its own in-house product development (that is, bringing more tools into the Rippling mix organically, not by way of acquisition) but also to have it just in case, given everything else going on at the moment.

“We will double down on R&D but to be honest we’re trying not to change the formula too much,” Conrad said. “We want to have that discipline. This fundraising was opportunistic amid the larger macroeconomic risk at the moment. I was working at startups in 2008-2009 and the funding markets are strong right now, all things considered, and so we wanted to make sure we had the stockpile we needed in case things went bad.”

This latest round included Greenoaks Capital, Coatue Management and Bedrock Capital, as well as existing investors including Kleiner Perkins, Initialized Capital and Y Combinator. Founders Fund partner Napoleon Ta will join Rippling’s board of directors. Founders Fund had also backed Zenefits when Parker was at the helm, and from what we understand, this round was oversubscribed — also a big feat in the current market, working against a lot of factors, including a wobbling economy.

It is a big leap for the company: it was just a little over a year ago that it raised a Series A of $ 45 million at a valuation of $ 270 million.

This latest round is notable for a few reasons.

First is the business itself. HR and employee management software are two major areas of IT that have faced a lot of fragmentation over the years, with many businesses opting for a cocktail of services covering disparate areas like employee onboarding, payroll, benefits, device management, app provisioning and permissions and more. That’s been even more the case among smaller organizations in the 2-1,000 employee range that Rippling targets.

Rippling is approaching that bigger challenge as one that can be tackled by a single platform — the theory being that managing HR employee data is essentially part and parcel of good management of IT data permissions and device provision. This funding is a signal of how both investors and customers are buying into Rippling and its approach, even if right now the majority of customers don’t onboard with the full suite of services. (Some 75% are usually signing up with HR products, Conrad noted.)

“We like to think of ourselves as a Salesforce for employee data,” Conrad said, “and by that, we think that employee data is more than just HR. We want to manage access to all of your third-party business apps, your computer and other devices. It’s when you combine all that that you can manage employees well.”

The company is gradually adding more tools. Most recently, it’s been launching new tools to help with job costing, helping companies track where employees are spending time when working on different projects, a tool critical for IT, accounting and other companies where employees work across a number of clients. Other new tools include SMS communications for “desk-less” workers and more accounting integrations.

Second is the founder. You might recall that Conrad was ousted from his previous company, Zenefits (taking on a related, but smaller, challenge in payroll and benefits), over a controversy linked to compliance issues and also misleading investors. But if Zenefits was finished with Conrad, Conrad was not finished with Zenefits — or at least the problem it was tackling. This funding is a testament to how investors are putting a big bet on Conrad himself, who says that a lot of what he has been building at Rippling was what he would have done at Zenefits if he’d stayed there.

“Once you’re lucky, twice you’re good,” said Mamoon Hamid, a partner at Kleiner Perkins, in a separate statement. “Parker is a true product visionary, and he and his team are solving an enormous pain point for businesses everywhere. We’re thrilled to continue partnering with Rippling as demand for their platform dramatically increases in this era of remote work.”

“Rippling is not just a superior payroll company, but something much broader: they’ve built the system of record for all employee data, creating an entirely new software category. Rippling’s massive market opportunity is to streamline the employee life cycle, from software to payroll to benefits, and fundamentally improve the way businesses hire and manage their employees,” said Ta in a statement.

Third is the context in which this round is coming. We’re in the midst of an economic downturn caused in part by a global health pandemic, and that’s leading to a lot of companies curtailing budgets, reducing headcount and potentially shutting down altogether. Ironically, that force is also propelling companies like Rippling full steam ahead.

Its SaaS model — priced at a flat $ 8 per person per month — not only fits with how many businesses are being run at the moment (primarily remotely), but Rippling’s purpose is specifically geared to helping businesses both onboard and offboard employees more efficiently, the kind of software that companies need to have in place to fit how they are working right now.

Updated with commentary from an interview with Conrad.

Startups – TechCrunch

High school students: a platform to get involved with entrepreneurship and business

Hey everyone,

I'm a high schooler myself and I've been working on a platform for the last few months that enables high school students to get involved with business and entrepreneurship; think "LinkedIn for high schoolers." Along with being a social network, one of the central features is that you can pitch business ideas to each other and collaborate to bring them to life.

I'd like to get input from the community on what features would you look for in a platform like this/what would make you want to use it. I've got most of it built already been I want to make it perfect for the needs of the people who will be using it.

Also, I'm doing a soft launch starting really soon, so if you're interested in getting access to the platform, let me know below and I'll send you the link. Looking to get a good handful of early access users so I'd really appreciate it.

Would love other feedback and advice as well!

submitted by /u/ZachStevenson
[link] [comments]
Startups – Rapid Growth and Innovation is in Our Very Nature!

Invest In or Grow a Business with Collaborative Social Media Platform, Lander

Welcome to the Lander Life.

As social media becomes increasingly popular, it’s easy to see the power it has in helping businesses grow. Social media platforms are a great place for companies to increase brand awareness, engage with customers and potential customers, and drive sales. While a variety of platforms are available, none combine the community aspect of a social network with the fundraising capabilities of an investing site…until now.

Lander is a new social media platform where entrepreneurs, investors and the general public can come together as a community to grow their favorite businesses. Lander aims to give all potential companies – whether small, medium or large – a level playing field.

When a company joins Lander, their business is tokenized on the XRP ledger based on the value of their company. Investors can then invest in a company by buying these tokens. With the ability to invest as little as $ 100 in a company, this is a great opportunity for investors of all sizes. Once all tokens have been purchased, the business is considered funded.

Lander provides a huge benefit for businesses, especially at a time when many are permanently closing their doors. By allowing crowdfunding and conventional investing, the platform helps entrepreneurs get back in business. Companies also have access to investors in their geographical area as well as across the country and the world.

Investors benefit as well, especially small investors who may have previously been unable to get involved with larger projects. Investors can even pool their money with others to invest in higher-cost companies. Lander provides an easy way for investors to find and support new business projects.

Lander goes beyond basic social networking and fundraising to build communities where people are emotionally and financially invested. It’s a win-win-win opportunity for businesses, investors and the public.

Features

Lander is an app designed for smartphones and tablets. Its core is similar to Facebook’s and includes familiar tools that encourage communication and engagement.

Communication features include:

  • Video messaging
  • Instant messaging
  • Video and phone conferencing

Lander also enables businesses to share information and help people get to know their company.

Content capabilities include:

  • Photo and video uploads
  • Blogging
  • Posting
  • And more

Lander was created for businesses of all kinds, from food trucks to accountants, bars to construction contractors, hair salons to blockchain developers, and more. With Lander, entrepreneurs have a platform where they can grow a business from concept to reality.

Businesses will be able to:

  • Build a community of investors from all over the world
  • License products for manufacturing
  • License service franchises
  • Build a service or product sales business
  • Develop a business concept
  • Sell a business or concept

Interested?

If you’re looking for a social media platform that helps businesses succeed through the support of investors and the public, you won’t want to miss out on Lander. Learn more and join the Lander life at TheLanderLife.com.

The post Invest In or Grow a Business with Collaborative Social Media Platform, Lander appeared first on KillerStartups.

KillerStartups

Slovak fintech platform altFINS secures €1 million seed funding for global expansion

Today altFINS, a platform enabling investors and traders to screen, analyze and trade digital assets, raised over €1 million in seed-funding led by CB Investment Management. altFINS will use this fresh capital to further expand its platform’s capabilities and scalability, allowing even more private and institutional investors to make well informed investment decisions and gain exposure to digital assets.

Founded in 2018, altFINS represents a comprehensive, yet intuitive platform that enables investors and active traders to aggregate data and news, analyze altcoins, and find and execute trade ideas while monitoring their portfolios of digital assets across exchanges. Crypto markets are highly fragmented with over 1,000 unique digital assets traded across 300 crypto exchanges. With existing market players focused mainly on trade execution (exchanges, brokers, OTC desks, trading tools) altFINS’ emphasis on pre-trade and post-trade analytics helps traders generate trading ideas and understand their performance across multiple crypto exchanges.

A recent survey by Fidelity of almost 800 institutional investors across the US and Europe, revealed that digital assets are gaining in favorability and appeal amongst institutional investors, with almost 80% of investors surveyed finding something appealing about the asset class. At the same time 36% of respondents say they are currently invested in digital assets, and 6 out of 10 believe digital assets have a place in their investment portfolio.

Richard Fetyko, founder of altFINS commented: “We estimate that there are around 50 million crypto investors today and we believe that crypto will continue to gain an allocation in most investors’ portfolios, particularly among millennials and the digital native generation Z. altFINS will be there to guide them along the investment path and help them to achieve their wealth management goals.”

Commenting on the new investment, Richard Fetyko, founder of altFINS said: “Immediately following our first interactions, it was clear that CB Investment Management team recognizes the long-term potential of this new asset class and the disruptive nature of underlying blockchain technology. We are to welcome an investor that shares our vision and gives us the trust and full support needed to achieve our expansion goals.”

altFINS brings an innovative approach to much-needed transparency to the growing digital assets market. A platform that combines trade idea discovery and execution with fundamental analysis is truly unique in the crypto trading space. altFINS has found a void at the market that suffers from lack of high-quality tools for investment analytics and fails to address the need for professional digital assets management infrastructure at the same time. We believe in the strong growth potential of altFINS on a global scale, especially now in an era of financial uncertainty in the traditional markets,” said Dano Gašpar, partner of CB Investment Management, seed investment fund manager investing in young Slovak companies with international potential.

EU-Startups

Toppr raises $46 million to scale its online learning platform in India

Toppr, one of the largest online learning startups in India, has secured $ 46 million in a new financing round as it looks to scale its platform, including a new product.

Dubai-headquartered investment firm Foundation Holdings led the Mumbai-based seven-year-old startup’s Series D round. Kaizen Private Equity, an existing investor, also participated in the new round, which brings Toppr’s to-date raise to over $ 92 million.

Toppr operates four products and services that are aimed at K-12 students. The Learning app, Toppr’s marquee service, offers students live classes and sessions to clear doubts, pre-recorded lessons and tests.

Toppr’s catalog covers 17 subjects and prepares students for five dozen competitive exams, explained Toppr founder and chief executive Zishaan Hayath in an interview with TechCrunch.

A portion of Toppr’s library is available to students at no charge on the Learning app, but full access requires a membership. The subscription starts at 1,000 Indian rupee ($ 13.35) and goes as high as 3,000 Indian rupee ($ 40).

The startup launched Codr, a product aimed at helping all school-age children learn computer programming, last month. A Codr session costs about $ 9.35. Toppr also maintains a free problem solving app that enables a student to take a picture of a question and get its solution instantly, explained Hayath.

In background, the app uses character recognition and machine learning to sift through a large bank of problems Toppr has amassed over the years to determine solutions.

Toppr’s Learning app has amassed over 13 million users, more than 150,000 of whom are paying subscribers, he said. In recent months, the startup has also worked on a new product called School OS, which enables a school to digitize their learning experience. Through School OS, a teacher can assign and collect homework digitally, and students can attend live classes.

Zishaan Hayath, the founder and chief executive of Toppr, a Mumbai-headquartered edtech startup (Photo: Toppr)

“They can also attend classes from previous years, or of grades ahead of them. Our schooling system is built in a way that keeps you locked in the current year’s curriculum. On digital, one of the benefits is that you don’t have to follow such rules. So for instance, if a student in tenth grade needs to brush up some concept from grade nine, they can do so at any moment,” said Hayath.

More than 40 schools have deployed School OS for their 60,000 students, he said. The startup plans to have 300,000 students enrolled to School OS in the next few months.

“Toppr has emerged as the highest traffic destination for K-12 learning and hosts over 1 million sessions every day. Toppr’s community of 50,000+ educators from across the country has contributed to over 35 lakh learning pieces, including questions, solutions, concepts, games and videos for the students. Our investment in Toppr also reflects our commitment to empowering great teachers via the new School OS. The new School OS already has 55,000+ learners on it,” said Aakash Sachdev, managing director of Foundation Holdings, in a statement.

Sachdev has joined Toppr’s board as part of the new financing round. Foundation Holdings said it will work with Toppr to make the startup “IPO ready” in the coming years and publicly list on Nasdaq or any other international stock exchange.

Hayath said the startup will continue to focus on scaling its various products and services, and also invest a little on marketing — an aspect he said Toppr has never spent any penny on.

Another relatively new area for Toppr is exploring merger and acquisition deals. Hayath said the startup has so far resisted the idea of acquiring a team or firm to grow inorganically, but is open to scouting deals for a right fit.

Toppr’s fundraising announcement today comes as edtech startups in India witness a significant surge in their user bases at a time when firms in other industries are finding it difficult to steer through the coronavirus pandemic.

Byju’s, India’s most valuable edtech startup, raised about $ 23 million from Mary Meeker’s Bond last month. Unacademy, another learning platform in India, acquired a smaller firm, PrepLadder, for about $ 50 million earlier this month. And two weeks ago, Vedantu said it had secured $ 100 million in a fresh financing round.

Startups – TechCrunch

ComplyAdvantage nabs $50M for an AI platform and database to detect and stop financial crime

The growth of digital banking has opened up a wealth of opportunities for making the world of finance more accessible and transparent to a greater number of people. But the darker underbelly is that it has also created more avenues for illicit activity to flourish, with some $ 2 trillion laundered annually but only 1-3% of that sum “caught.”

To help combat that, a London-based startup called ComplyAdvantage, which has built an AI platform and wider database of some 10 million entities to help identify and track those involved in financial crime, is today announcing a growth round of funding of $ 50 million to expand its reach and operations.

Specifically, the plan will be to use the funding for hiring, to invest in the tools it uses to detect entities and map the relationships between them and to bring on more clients.

“We’ve been focused on more granular analysis and being able to scale to hundreds of millions of searches across our database,” said Charles Delingpole, founder and CEO, said in an interview. “The next phase is more around the network of contacts and more enhanced diligence.” The company today has some 250 staff, mainly in the U.K. and Romania.

The Series C is being led by Ontario Teachers’ Pension Plan Board (Ontario Teachers’), a huge pension plan out of Canada (U.S. $ 155 billion) that is known as a prolific growth-stage tech investor.  Previous backers Balderton and Index are also in the round. The company has raised $ 88 million to date, and while it’s not disclosing its valuation, for some context, it was last valued at around $ 141 million in its last round a year ago, per PitchBook data.

Today, ComplyAdvantage has more than 500 customers, primarily financial institutions using it to meet regulatory compliance requirements as well as to reduce their own exposure and risk, providing some automated services to complement (and potentially replace) some of the manual checks that they make to prove you are who you say you are.

It also has a growing business with other groups that are tracking fraud for their own ends, such as insurance companies trying to stem fraudulent claims and government entities. It also has a number of partners that access its database and use that as part of their own solutions (Quantexa, which announced a big funding round of its own last week, is one of those licensing partners).

“A lot of companies in the wider identity space are powered by our data, even if they don’t disclose it,” Delingpole said.

The company had its start originally focusing on the process of helping banks meet regulatory compliance around fraud detection by ingesting and analysing documents provided by customers ahead of opening accounts, initiating larger transactions with new entities and so on. That has taken on a more targeted purpose in recent years as ComplyAdvantage’s database has grown deeper.

Today the core of the business is based around a central database of known money launderers, human traffickers, terrorists, drug lords and others who exploit financial rails to run illegal operations and make a profit from them.

It’s formed, Delingpole said, by way of “automatically ingesting tens of thousands of data points, from websites, national warning lists, linked real-time databases of companies and various other applications on top of that.” That central database is still growing, and Delingpole believes that it’s not unrealistic for it to run to a much higher number in order to get the most accurate picture possible.

“Although we have 10 million today, we want to cover every company and person one day. We think the right number is 8 billion” — that is, the world’s population. “With that larger database we can solve other kinds of crimes too.”

The startup already has a straight channel through to government agencies, reporting connections and discoveries on behalf of their clients directly to them. And to be clear, although there are now strong data protection measures in place in Europe, when people are linked to illegal activity, that puts them on a list that supersedes that. When someone is suspected and is tipped to authorities, that information is kept private.

While all institutions will continue to have teams of people dedicated to risk analysis and investigations into activity, the idea here is to supercharge that work with more data that helps those investigators tackle the greater scale of data in the world today.

“Detecting financial crime in billions of transactions that take place around the globe has become nearly impossible without the application of data science and machine learning. It is this approach that has made ComplyAdvantage into a leader in the category, and the go-to partner for organizations that seek to automate what are still very often manual or inadequate processes,” said Jan Hammer, a partner at Index Ventures, in a statement.

The longer-term opportunity is to build out ComplyAdvantage’s customer base by leveraging information that the company is already surfacing that might be relevant to other verticals.

Insurance is a key example, Delingpole said. “We already see a mention of a person having defaulted on a loan then making an insurance claim,” he said. “We see credit, fraud and ownership data together.”

This, of course, puts the company into close competition not just with others building credit databases but those building strong AI platforms to leverage data to gain deeper insights into seemingly disparate digital actions and to build better pictures of activity on behalf of their clients. That includes not just partners like Quantexa, but others like Palantir.

The strength here, said Delingpole, is the sheer size of ComplyAdvantage’s database and its very specific focus on financial crime and how that sits for companies that need to police that, both for their own business health and for regulatory reasons. It’s that focus that has attracted investment.

“ComplyAdvantage offers mission-critical technology solutions for combating financial crime and keeping pace with an ever-evolving regulatory landscape,” said Olivia Steedman, senior managing director, TIP, at Ontario Teachers’. “The company is well-positioned to continue its rapid growth as its powerful technology platform transforms the compliance and risk management process for its clients.”

Startups – TechCrunch

Explorium reels in $31M Series B as data discovery platform grows

In a world with growing amounts of data, finding the right set for a particular machine learning model can be a challenge. Explorium has created a platform to make that an easier task, and today the startup announced a $ 31 million Series B.

The round was led by Zeev Venture with help from Dynamic Loop, Emerge, 01 Advisors and F2 Capital. Today’s investment brings the total raised to $ 50 million, according to the company.

CEO and co-founder, Maor Shlomo says the company’s platform is designed to help people find the right data for their model. “The next frontier in analytics will not be about how you fine tune or improve a certain algorithm, it will be how do you find the right data to fit into those algorithms to make them as useful and impactful as possible,” he said.

He says that companies need this more than ever during the pandemic because this can help customers find more relevant data at a time when their historical data might not be useful to help build predictive models. For instance, if you’re a retailer, your historical shopping data won’t be relevant if you are in an area where you can no longer open your store, he says.

“There are so many environmental factors that are now influencing every business problem that organizations are trying to solve that Explorium is becoming this […] layer where you search for data to solve your business problems to fuel your predictive models,” he said.

When the pandemic hit in March, he worried about how it would affect his company, and he put a hold on hiring, but as he saw business increasing in April and May, he decided to accelerate again. The company currently has 87 employees between offices in Israel and the United States and he plans to be at 100 in the next couple of months.

When it comes to hiring, he says he doesn’t try to have hard and fast hiring rules like you have a certain degree or have gone to a certain school. “The only thing that’s important is getting good people hungry to succeed. The more diverse the culture is, the more diverse the group is, we find the more fun it is for people to discover each other and to discover different cultures,” Shlomo explained.

In terms of fundraising, the while the company needs money to fuel its growth, at the same time it still had plenty of money in the bank from last year’s round. “We got into the pandemic and we didn’t know how long it’s going to last, and [early on] we didn’t yet know how it would impact the business. Existing investors were always bullish about the company. We decided to just go with that,” he said.

The company was founded in 2017 and previously raised a $ 19.1 million Series A round last year.

Startups – TechCrunch

YC alum Paragon snags $2.5M seed for low-code app integration platform

Low-code is a hot category these days. It helps companies build workflows or simple applications without coding skills, freeing up valuable engineering resources for more important projects. Paragon, a member of the Y Combinator Winter 2020 cohort, announced a $ 2.5 million seed round today for its low-code application integration platform.

Investors include Y Combinator, Village Global, Global Founders Capital, Soma Capital and FundersClub.

“Paragon makes it easier for non-technical people to be able to build out integrations using our visual workflow editor. We essentially provide building blocks for things like API requests, interactions with third party APIs and conditional logic. And so users can drag and drop these building blocks to create workflows that describe business logic in their application,” says company co-founder Brandon Foo.

Foo acknowledges there are a lot of low-code workflow tools out there, but many like UIPath, Blue Prism and Automation Anywhere concentrate on Robotic Process Automation (RPA) to automate certain tasks. He says he and co-founder Ishmael Samuel wanted to focus on developers.

“We’re really focused on how can we improve developer efficiency, and how can we bring the benefits of low code to product and engineering teams and make it easier to build products without writing manual code for every single integration, and really be able to streamline the product development process,” Foo told TechCrunch.

The way it works is you can drag and drop one of 1200 predefined connectors for tools like Stripe, Slack and Google Drive into a workflow template, and build connectors very quickly to trigger some sort of action. The company is built on AWS serverless architecture, so you define the trigger action and subsequent actions, and Paragon handles all of the back-end infrastructure requirements for you.

It’s early days for the company. After launching in private beta in January, the company has 80 customers. It currently has 6 employees including Foo, who previously co-founded Polymail and Samuel, who was previously lead engineer at Uber. They plan to hire 4 more employees this year.

With both founders people of color, they definitely are looking to build a diverse team around them. “I think it’s already sort of built into our DNA. As a diverse founding team we have perhaps a broader viewpoint and perspective in terms of hiring the kind of people that we seek to work with. Of course, I think there’s always room for improvements, and so we’re always looking for new ways that we can be more inclusive in our hiring recruiting process [as we grow],” he said.

As far as raising during a pandemic, he says it’s been a crazy time, but he believes they are solving a real problem and that they can succeed in spite of the macro economic conditions of the moment.

Startups – TechCrunch

ClimaCell raises $23M Series C for its weather intelligence platform

ClimaCell, the weather forecasting and intelligence service that is using a number of interesting new techniques to gather weather data, today announced that it has raised a $ 23 million Series C round co-led by new investor Pitango Growth and existing investor Square Peg Captial. With this new round, the Boston- and TelAviv-based company’s total funding now exceeds $ 100 million.

As ClimaCell co-founder and CEO Shimon Elkabetz told me, the round came together well after the worldwide COVID-19 lockdowns had started and the team never met with its new investors in person. Because the pandemic affected many of ClimaCell’s customers in the travel industry, in recent months, the company did take some steps to reduce cost and expand its overall runway, but Elkabetz stressed that the company didn’t need to raise this new round and that the investors approached the company.

“We took some aggressive but respectful actions around reducing our expenses and created a significant runway,” Elkabetz explained. “We didn’t really need to raise money now, but this opportunity came to us and we decided to take it, because it gives us a significant opportunity to invest in strategic things.”

Image Credits: ClimaCell

Given the changing business climate, the company did double down on its efforts to brand its service as an intelligence platform that helps businesses make smart decisions about the operations, even if they are not meteorologists. In practice, this means a stronger focus on its Insights service, which helps operators in various industries to make smart decisions based on the company’s forecasts. With this, ClimaCell can help a construction company ensure that a worksite is safe when a storm is coming and when it should shut down its crane operations because of wind, for example, or when a logistics company should expect slowdowns because of heavy rains. Instead of just giving its users a weather forecast, the company’s tools provide actionable suggestions instead.

“65% of the world’s GDP is being impacted by weather events. ClimaCell is the only SaaS company that enables actionable items ahead of weather events rather than reacting to them and their implications and ramifications,” said Aaron Mankovski, Managing General Partner at Pitango Growth, in today’s announcement. “The opportunities coming to ClimaCell across industries including supply chain and logistics, railroads, trucking, shipping, on-demand, energy, insurance, and more represent a complete upending of the existing competitive landscape and is a testament to being laser-focused on customer value.”

Image Credits: ClimaCell

Elkabetz noted that the company plans to use the new funding to expand both its go-to-market efforts and to focus on the fundamental R&D that makes its platform work. He wasn’t quite ready to share what those R&D efforts will look like, but he expects to be able to announce these new capabilities “soon.”

The company also expects to launch some updates to its consumer mobile app soon. While the consumer app may not be ClimaCell’s main focus, it uses the same technology in the backend, including a version of Insights for leisure activities, for example. For Elkabetz, the consumer app helps spread the ClimaCell brand but he also expects that it can become a real business in its own right.

Startups – TechCrunch