MassChallenge

Solumar is a company focused on developing advanced air and gas filtering technologies aimed at significantly reducing emissions in heavy industries. By employing innovative methods that utilize seawater and principles derived from aviation, Solumar's solutions effectively capture black carbon and greenhouse gas emissions. The company targets various sectors, including city councils, industrial operations, maritime activities, and oil and gas companies, assisting them in complying with environmental regulations and the goals set forth in the Agenda 2050 for emission reductions. Solumar's approach not only promotes sustainability but also offers clients a cost-effective means of achieving their emissions reduction targets.

GasApp is an online platform for liquid petroleum gas distribution, leakage detector, and level monitor, through mobile apps and smart devices.

Spacept AB is a company that specializes in artificial intelligence-powered infrastructure security solutions. Founded in 2019 and headquartered in Stockholm, Sweden, with additional offices in Brooklyn, New York, Spacept employs a machine learning engine that integrates satellite imagery with AI technology. This innovative approach enables the detection, analysis, and monitoring of infrastructure, specifically aimed at preventing power outages and fires caused by falling trees and adverse weather conditions. By enhancing the safety and reliability of infrastructure, Spacept's solutions contribute to saving lives and reducing carbon dioxide emissions, while also significantly lowering the time and costs associated with traditional infrastructure inspections.

Akselos S.A., founded in 2011 and based in Lausanne, Switzerland, specializes in advanced engineering simulation software, specifically its Integra platform. This cloud-based solution allows engineering firms to create high-resolution digital twins of large-scale operational assets, enabling detailed analysis of structural integrity and hydrodynamic performance. Akselos's technology is particularly beneficial for asset-centric industries such as upstream oil and gas and offshore wind, where real-time monitoring and predictive maintenance are critical. The platform's patented algorithms provide simulations that are significantly faster than traditional methods, allowing for efficient design and management of critical infrastructure. Akselos also operates a subsidiary in Cambridge, Massachusetts, and maintains a representative office in Vietnam, underscoring its global presence in providing innovative simulation solutions.

Maximl is an industrial technology company with its roots in IIT Madras. We work with some of the largest energy companies, transforming their frontline operations across multiple use cases including maintenance, inspection and operational safety. Over the last 7 years, Maximl has helped 100 sites to measurably move the needle on asset downtime and safety risk. Maximl has also emerged as the market leader in digital turnaround management space with its presence across 21 out of 23 refineries in India.

Dauntless XR operates a digital platform offering augmented and mixed reality tools tailored for frontline workers in industries such as aerospace, maintenance, and oil & gas. Their solutions enable these professionals to access 3D-related project information hands-free, enhancing efficiency and accuracy in their tasks.

Strayos Inc., founded in 2016 and based in St. Louis, Missouri, specializes in developing aerial data analytics software for various industries including mining, drilling, blasting, quarrying, and oil and gas exploration. The company's platform utilizes image processing and artificial intelligence to provide highly accurate survey data analytics, transforming job site insights through 3D visual AI. Key offerings include smart drill data analysis using measurement-while-drilling techniques, 3D Blast Profile for optimizing blast patterns, and Muckpile and Rock Size Analysis through advanced machine learning. These solutions aim to reduce costs, improve productivity, and enhance safety by delivering actionable insights that maximize operational excellence.

Distran is a technology company that originated as a spin-off from the Autonomous System Lab at ETH Zurich. It specializes in the development of advanced acoustic sensors, specifically phased-array sensors, aimed at enhancing safety for industrial workers and minimizing environmental impact. Distran's innovative ultrasound cameras are designed for various industries, including oil and gas, power generation, chemistry, and composite engineering. These sensors effectively spatially filter sounds, allowing for the precise detection of defects, such as leaks or discharges, from a safe distance. By improving the ability to assess machine conditions, Distran provides solutions that not only protect workers but also contribute to more environmentally sustainable industrial practices.

Biomicrogels Group is an environmental biotechnology company specializing in the development and patenting of biomicrogels derived from agricultural waste, such as sugar beet, apple, and sunflower pomace. These biomicrogels are designed to tackle global environmental challenges by providing innovative solutions for produced water treatment, cutting fluid separation, vegetable oil extraction, and the cleaning of oil spills both at sea and on land. The company's unique nanoscale organic polymer particles possess surface-active properties that allow them to encapsulate minerals, vegetable oils, and fats, effectively separating these substances from water and solid surfaces. This technology not only enhances pollution purification processes but also facilitates the recycling of materials back into the technological cycle. Additionally, Biomicrogels Group produces a line of eco-friendly household cleaning products under the brand WONDERLAB, further contributing to sustainable practices.

Sourcewater, from MIT Energy Ventures, is the online exchange for sourcing, recycling, transporting and disposing of water for energy production, a $20 billion U.S. market. We create a marketplace that matches providers of water, wastewater, trucking, treatment, storage and disposal with energy producers, thereby minimizing the capital and operating costs of oil and gas production, ensuring reliability of the water supply chain, and reducing the environmental and community impact of hydraulic fracturing. For water sellers and service providers, Sourcewater creates a marketing platform that reduces cost of sales and maximizes utilization and profitability.

Hydroswarm is a company focused on developing data infrastructure for the world's oceans through innovative underwater drone technology. These drones are designed for various underwater explorations and facilitate regular inspection and monitoring of underwater structures, including those in the oil, gas, and nuclear sectors. By providing clients with easy access to vital data, Hydroswarm enhances the efficiency and safety of underwater operations, enabling better decision-making and management of marine environments.

WaveGuide Corporation, based in Cambridge, Massachusetts, specializes in the research and development of hand-held micro-nuclear magnetic resonance (µNMR) platform technology. The company’s WaveGuide µNMR system integrates molecular spectroscopy and diagnostic techniques to facilitate rapid and cost-effective point-of-care diagnosis of diseases, making it suitable for healthcare settings, including remote locations. This innovative technology also serves as a low-cost scientific research tool for chemical analysis in laboratories and universities. Additionally, WaveGuide's µNMR device has applications in the oil and gas industry for early detection of fields and pipeline theft deterrence, as well as in asset protection for food, pharmaceuticals, and liquor. Furthermore, it supports routine testing for predictive maintenance in military vehicle systems. Founded in 2010, WaveGuide aims to bring precise scientific methods into practical field applications, revolutionizing decision-making in various sectors.

Akselos S.A., founded in 2011 and based in Lausanne, Switzerland, specializes in advanced engineering simulation software, specifically its Integra platform. This cloud-based solution allows engineering firms to create high-resolution digital twins of large-scale operational assets, enabling detailed analysis of structural integrity and hydrodynamic performance. Akselos's technology is particularly beneficial for asset-centric industries such as upstream oil and gas and offshore wind, where real-time monitoring and predictive maintenance are critical. The platform's patented algorithms provide simulations that are significantly faster than traditional methods, allowing for efficient design and management of critical infrastructure. Akselos also operates a subsidiary in Cambridge, Massachusetts, and maintains a representative office in Vietnam, underscoring its global presence in providing innovative simulation solutions.

Dynamo Micropower Corporation is a technology company focused on developing innovative fuel-flexible gas turbines tailored for small distributed generation in the oil and gas industry. Founded in 2011 and headquartered in Somerville, Massachusetts, the company offers advanced power solutions, including its PowerCore system, which provides reliable, grid-quality power while operating on local unrefined gas. This capability allows customers to significantly reduce energy costs, with savings of up to 80%, and enhances equipment performance by up to 25%. Dynamo also provides custom solutions and a flameless turboheater known as Infernocore, addressing the specific needs of oilfield applications. The company distributes its products through a network of distributors and offers support services via service partners, having established a solid customer base that includes notable clients such as Kinder Morgan and Caterpillar.

LiquiGlide Inc., founded in 2012 and based in Cambridge, Massachusetts, specializes in the development of innovative liquid-impregnated coatings designed to facilitate the effortless movement of viscous liquids. As a pioneer in creating permanently wet slippery surfaces, LiquiGlide provides unique solutions that enhance the flow of liquids across various industries, including manufacturing, oil and gas, aviation, utilities, and food and beverage. The company's technology addresses the common challenges associated with moving thick liquids, offering a durable alternative that is unmatched in the market. LiquiGlide's products are utilized in diverse applications, ranging from health and beauty to household goods, making it a versatile player in the coatings industry.

Zero Carbon is transforming CO2 from a liability to an asset by producing revenue-generating petrochemicals, thereby eliminating the need for carbon sequestration and lowering the costs of oil exploration and production, transportation, and refining.

Reach Production Solutions is a company based in Houston, Texas, specializing in advanced compression solutions that enhance the production of oil and gas wells. Founded in 2009, it provides innovative technologies for multiphase wells, offering a swift and effective alternative to traditional artificial lift methods. The company's services encompass the evaluation and simulation of well portfolios, as well as the installation, operation, monitoring, and maintenance of its systems throughout the entire production journey. Reach Production Solutions focuses on delivering sustainable production enhancements while minimizing infrastructure complexity and costs. Its technology features fewer moving parts, resulting in lower noise and vibration levels, alongside improved efficiency in gas compression and recovery.