“Take a look at these and you might get an Idea (if you don’t have one already) of a Startup that you could do”. Peter/CXO Wiz4.biz
Startup Types: I/F, DB, Data, Credit Score, Trng, AI bot, KPI, QA, Ecom, Spt, API, NPCI, Chat, Crypto, Content, Test’g, PPE, SaaS, Tokens, LTE, O/L Sch & more.
Today was part two of Y Combinator’s absolutely massive Demo Day(s) event for its Summer 2020 class. As we outlined yesterday, this is the first YC accelerator class to take place entirely online, from the day zero interviews all the way on thru to their eventual Demo Day Debut (the other 3D). Nearly 100 companies presented yesterday, and almost 100 more took the stage today. Each company got 60 seconds to pitch an Audience of Investors, Media, & fellow Founders to tell the world — in many cases, for the very first time — what they were building. Here are our notes on each of the companies that presented today:
Wiz4.biz (s) 40 favorite Co’s of Day #2
Acho: a point-and-click, no-code Interface for processing & publishing data, It helps users dig into their data without having to write complicated SQL. With 300 users on-boarded in the month after launch, the team says they’ve processed over 100 TB of data already.
BaseDash: The people who know how to edit a Database aren’t always the same people who need to do it. BaseDash lets non-engineers safely manage data as simply as they’d edit a Spreadsheet, replacing custom internal tools.
Batch: is building a Time Machine for Corporate Data. The startup’s tools allow customers to observe and replay data inside messaging systems to help them quickly diagnose outages & data disasters, the resolve changes.
Bits: Bits helps people build their Credit Score by providing them with a digital Credit Card that they pay off every month. Sure, you could do it yourself, but why not have a service that helps you out? In 9 months the company has attracted 10,000 paying customers and collected $1.9M in revenue. Some customers have seen their credit scores jump by hundreds, so clearly there’s something to it. The founder hopes that this straight-forward beginning will be the basis for a new, more full-service $B Fintech company.
Cohere: Super-human Onboards users with a live, one-on-one training session with a live guide; Cohere wants to open up that same concept to any other application with just a few lines of code.
inFeedo: inFeedo’s “Amber” is an AI bot that chats with employees, then aims to predict who is unhappy or about to leave. The team says it’s already working with 46 enterprise companies, and is Cash Flow (+) with an ARR of $1.6M.
Index: Index wants companies to use its no-code Dashboard builder to help visualize their KPIs and track Performance. The tool boasts integration with a variety of data providers so that users aren’t forced to manually enter data into another tool. The startup hopes that building embeddable Dashboards will help their solution catch fire and that startups will turn to their tool when they want to track progress on goals.
Datafold: automates Quality Assurance of Analytical data. Anytime a developer makes a change, Datafold analyzes & verifies the output across your Databases. Developers spend hours checking data manually, but incidents happen, because there’s not a good way to handle all of the changes that go into modern SW programming.
Depict.ai: Joining the host of products aiming to help SMBs compete with Amazon in the E-commerce sphere, Depict.ai is building a product recommendation engine to help bring “Amazon-quality” product recommendation to any E-commerce store. Customers include office big-box chain Staples.
DigitalBrain: Pitched as “Superhuman for Customer Support Reps”, DigitalBrain says it can help CS reps get thru tickets twice as fast. Currently in 10 paid Pilots after launching 6 weeks ago (with Pilots licenses – LoL).
Finch: An API to help Developers tap into Payroll systems (like ADP, Gusto, Rippling, etc) “with three lines of code”, enabling them to do things like verify income, set things up for direct deposits, pull paystubs, & confirm employment.
Frontline: How about a Startup that gives Developers — no matter their security experience — NPCI compliance? That’s Frontline. The company already has $22,000 in monthly recurring Revenue and is growing 42% monthly. Already 20 Fortune 500 companies are using the company’s service. Typically the process to deploy a secure virtual machine takes 100 hours to complete. Frontline’s service is an obvious & affordable choice to get that chore off of developer’s plates. The company estimates that its service represents a $4 billion market.
Here: is building “personal, shareable, flexible” in-browser Video Chat rooms. Unlike most other Video Chat startups, the company’s founder says they’ve built their own video stack. Seeing their website, it definitely has its own unique look, bringing in some ‘90s website design paradigms with modern video chat.
Hypotenuse: E-commerce sites need a lot of copy: product descriptions, ads, blog posts & more. This is generally done by Copywriters, but the quality (especially if hired from by-the-word content farms) can be hit & miss. Hypotenuse generates high quality copy automatically for a variety of purposes and they claim switching to their system boosts engagement by double digits. The founder has a strong AI background so you can at least count on the science.
Kernal Bio: MRNA therapies to cure COVID and Cancer are a pretty compelling business proposition. Kernal Bio says it has developed therapies which rely on using messenger RNA to instruct cells in the body on how to make their own defenses to diseases. The team has an incredible background with co-founders that include a former researcher from Merck who’s developed therapies already. A former founder of Santigen and a phD scientist from MIT. The company has already won three awards from Amgen & NASA.
Kosmos: Kosmos is building a control center for a company’s Micro-services, helping developers monitor & debug a web of services inside a unified I/F. The company is integrating all of these tools so developers can see updates & track changes without being forced to search in multiple locations.
LSK Technologies: is looking to tap computer vision to build disease testing hardware (a “Lab in a Box,” as they put it) small/fast enough to keep in a doctor’s office or workplace. The company says it’s currently running Zika Virus field trials in Latin America, and is looking at how they can bring their computer vision approach in to help tackle the COVID-19 pandemic. They also say they’ve seen over $100,000 in pre-orders to date.
Matter: Pitched as “Superhuman for reading”, Matter says it is building an “opinionated reading app” to help users find better content online. Currently in private beta on iOS.
NeXtera Workforce: NeXtera is building a SW platform to help factories integrate Robotics into their processes in days instead of months. The AI platform is focused on deployment, monitoring & tech support to help optimize rollouts. Early customers of theirs include Dunkin Donuts & Tesla. The founders are MIT alumni with backgrounds in AI & Cyber-security.
Notabene: Helps businesses perform Crypto Transactions in a regulatory compliant way. The startup wants to be the “trusted layer on top of Blockchain” for sharing information. The market is looking to cash in on the new global regulations on crypto that is driving adoption but – at the same time – confusion. In 3 weeks, it landed 10 signed customers.
Openbase: Reviews and insights to help Developers choose the right Open-Source packages. Founder Lior Grossman previously founded WikiWand and the open-source project Darkness. According to Grossman, Openbase is already seeing 250,000 developers per month.
Opvia: Nobody is less satisfied with the Data tools available to scientists than the scientists them selves, but they’re not often able to do anything about it. These two, however, decided to make “Airtable for scientists,” replacing the menagerie of tools – old & new – from spreadsheets to MatLab, that researchers use to hold and corral data.
Parade: Parade lets online brands generate tailored Marketing Content automatically. You fill out a survey about preferred styles & other info, and it generates assets – including social media posts and a style guide for other content — all with no human in the loop. It’s a big industry dominated by expensive human designers, and Parade feels there’s plenty of room for an automated solution like theirs for businesses that can’t afford or don’t want to deal with the human element.
PhotoRoom: This promising startup already has over $1M in annual recurring rev, thanks to its service that removes backgrounds from product photos. It’s grown 50 % since its launch in Feb and the simple service belies some pretty interesting technical wizardry with Machine-Learning tools to effortlessly retouch marketing images.
Plum Mail: It’s not an Email & Chat competitor, it’s an Email & Chat replacement. This startup sells a Platform that focuses on communication features and scheduling tools. On its website, it says it has 36 “other era-defining features that blow E-mail & Chat out of the water.” The startup launched 6 days ago and has 550 people on its waitlist.
Porter: Remote development environments for micro-services. Lets developers set up “templates” of the dev environ they use, and roll out new remote instances with a click. Currently used by companies like PostHog and Motion.
QuestDB: Born years earlier as a Side Hustle being built on nights & weekends, QDB is building an open source time series Database focused on speed. If the startup pulls it off, it can help companies detect fraud + plan & predict customer activity at a faster speed than other competitors. The company is currently being tested at a fintech Unicorn, and several companies are using it as part of their production processes
Reflect: Testing your website or web service is time-consuming and hard to get right. And if Reflect is correct, the existing tooling in the market to help make Web Testing better is too complicated for most folks to use. Reflect is a bet that a no-code (buzzword!) tool to automate Web Testing (desktop & mobile, per its website) will be a hit. It claims $9,600 in MRR, growing at 30% per month.
Reploy: By rolling out staging environments with each code deploy, Reploy lets Developers share features with their teams and get immediate feedback. Reploy has $1500 in monthly revenue after launching roughly 3 weeks ago.
Response: Response is another YC startup that’s focused on the response to COVID-19. The startup is building a network for PPE in the United States allowing suppliers to bid on customer requests. The startup hopes that they can further scale this infrastructure beyond PPE in the future and eventually become Alibaba for the United States.
Rume: wants to make the social video experience better by allowing groups to have multiple conversations in one space. It says it enables attendees to fluidly move between groups just like they would at a party. So far, the average Rume session is 50 minutes long and the company has integrated games into it. What sets Rume apart, the company says, is that it owns the entire video stack, thanks to the expertise of the co-founders as former developers at Google & Dropbox.
Stacker: Stacker is another startup aiming to upscale the Spreadsheet with no-code functionality, allowing the company’s users to turn Spreadsheets into Internal apps & Customer portals. The SW pushes customers to let data drive designs and turn manual processes into automated ones. The company has more than 250 customers including Google & Amazon.
Supabase: An open source alternative to Google’s Firebase. Supabase helps developers by providing a Postgres database with a self-documenting API based around the data inside. 12 weeks post launch, the team says it’s already hosting over 1500 Databases.
SafeBase: B2B SaaS companies, of which there are approximately 5 million in this batch alone, need to be able to show that they meet security standards in a clear, verified way or they risk losing customers. SafeBase aims to be a one-stop status page that provides “instant credibility” by showing compliance with security standards.
SuperTokens: Maintaining a user’s session at a frequently visited site removes the need to Log in again, but also presents Security vulnerabilities. In fact, session attacks are one of the sneakiest new attack vectors out there, and big companies aren’t immune. ST helps securely manage sessions while providing state of the art defenses against the latest attacks, enabling easier compliance with security standards. Their libraries are already seeing lots of use by industry majors & a paid version is gaining traction.
Synth: is building a Platform for creating compliant, realistic fake data for application development, cloning existing Databases while synthesizing the specifics. The startup believes its approach will help promote better data privacy & compliance with regulations while still maintaining accuracy.
Ukama: is building technologies to allow any enterprise to create their own LTE-based Cellular Network. The founder says that this approach can reduce network bills, increase security & provide more accessibility to on-campus users. The CEO previously founded another Cellular Network startup that was acquired by Facebook.
Vena Vitals: Sells a wearable sticker that allows for continuous Blood Pressure monitoring – meant as an alternative to intravascular methods used during surgeries. The company says their device is accurate at a “fraction of the cost”. It’s starting out the clinical route, but wants to become the standard for Blood monitoring & managing for consumers & hospitals over time.
Virtually: An all-in-one solution for anyone looking to build an Online School, by providing tools for Admissions/ Student management, Video conferencing, Payment processing, & a forum to keep in touch with students. Virtually says it’s currently working with over 25 programs just 3 months after launch, and will charge $10 per student per month. The startup is selling a white-label solution that organizes the mess of tools that teachers or schools currently have to piece-meal together.
Comments: Was there any other Startups that really impressed you?
fm Tech Crunch 9/20 enhanced by Peter/CXO Wiz4.biz
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