eLab Ventures

MemryX Inc. is a fabless semiconductor company based in Ann Arbor, Michigan, specializing in in-memory computing solutions that enhance performance for data-intensive applications. Founded in 2018, the company develops memory processing units that leverage proprietary compute-at-memory technology and dataflow architecture to address the limitations of traditional CPU and GPU systems. These chips are designed for edge AI processing, offering high performance, accuracy, and energy efficiency for sectors such as transportation, IoT, and various industrial and consumer applications. MemryX aims to eliminate data movement bottlenecks by integrating memory and processing capabilities, thereby optimizing efficiency and flexibility for its clients. The company is supported by notable investors, including HarbourVest and the Arm IoT Fund, and has additional offices in Bangalore, India, as well as Taipei and Hsinchu, Taiwan.

Voxel51, Inc., founded in 2016 and based in Ann Arbor, Michigan, specializes in computer vision and machine learning analytics for video and image understanding. The company develops AI software that transforms raw video footage and images into actionable intelligence, facilitating the exploration, visualization, curation, and testing of datasets alongside machine learning models. Voxel51's technology employs machine learning to process video content, providing simple image recognition and an understanding of motions and objects over time. This empowers computer vision data scientists to efficiently curate and experiment with their datasets, ultimately enhancing the performance of their machine learning systems.

MemryX Inc. is a fabless semiconductor company based in Ann Arbor, Michigan, specializing in in-memory computing solutions that enhance performance for data-intensive applications. Founded in 2018, the company develops memory processing units that leverage proprietary compute-at-memory technology and dataflow architecture to address the limitations of traditional CPU and GPU systems. These chips are designed for edge AI processing, offering high performance, accuracy, and energy efficiency for sectors such as transportation, IoT, and various industrial and consumer applications. MemryX aims to eliminate data movement bottlenecks by integrating memory and processing capabilities, thereby optimizing efficiency and flexibility for its clients. The company is supported by notable investors, including HarbourVest and the Arm IoT Fund, and has additional offices in Bangalore, India, as well as Taipei and Hsinchu, Taiwan.

Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Voxel51, Inc., founded in 2016 and based in Ann Arbor, Michigan, specializes in computer vision and machine learning analytics for video and image understanding. The company develops AI software that transforms raw video footage and images into actionable intelligence, facilitating the exploration, visualization, curation, and testing of datasets alongside machine learning models. Voxel51's technology employs machine learning to process video content, providing simple image recognition and an understanding of motions and objects over time. This empowers computer vision data scientists to efficiently curate and experiment with their datasets, ultimately enhancing the performance of their machine learning systems.

MemryX Inc. is a fabless semiconductor company based in Ann Arbor, Michigan, specializing in in-memory computing solutions that enhance performance for data-intensive applications. Founded in 2018, the company develops memory processing units that leverage proprietary compute-at-memory technology and dataflow architecture to address the limitations of traditional CPU and GPU systems. These chips are designed for edge AI processing, offering high performance, accuracy, and energy efficiency for sectors such as transportation, IoT, and various industrial and consumer applications. MemryX aims to eliminate data movement bottlenecks by integrating memory and processing capabilities, thereby optimizing efficiency and flexibility for its clients. The company is supported by notable investors, including HarbourVest and the Arm IoT Fund, and has additional offices in Bangalore, India, as well as Taipei and Hsinchu, Taiwan.

Refraction AI, Inc. is an autonomous delivery robot company based in Ann Arbor, Michigan, founded in 2017. The company focuses on building and deploying robotic platforms designed for last-mile goods delivery in urban environments. Its primary product, the REV-1, autonomously navigates urban settings using a combination of cameras, radar, and ultrasonic sensors. The robot is capable of picking up items from restaurants, pharmacies, and grocery stores, delivering them directly to customers' homes. This service aims to provide a faster, cheaper, and safer delivery option, addressing the growing demand for efficient logistics solutions. Additionally, the robots can be remotely monitored and teleoperated, ensuring operational flexibility in diverse weather conditions.

Clinc, Inc. is an artificial intelligence company that develops software applications primarily for the banking, automotive, gaming, and healthcare sectors. Founded in 2015 and based in Ann Arbor, Michigan, Clinc offers a conversational AI platform that creates advanced virtual assistants capable of understanding and responding to human speech. The platform utilizes natural language processing, machine learning, and deep neural networks to analyze various factors such as user intent, sentiment, and context, which allows it to deliver accurate and contextually relevant responses. This technology not only enhances customer experiences but also enables enterprises to build stronger relationships with their clients by continuously learning from user interactions. Clinc's expertise in the financial and banking industries further strengthens its capabilities, allowing it to provide valuable insights and improve engagement outcomes for its customers.

Strata Oncology, Inc. is a precision oncology company focused on improving cancer care by increasing patient access to clinical trials and expediting drug approvals. The company operates a national precision oncology platform that connects patient screening to streamlined enrollment in mutation-matched clinical trials. Strata collaborates with major healthcare systems to facilitate the genomic sequencing of cancer patients' biopsies in high-throughput laboratories, providing oncologists with timely tumor profiles that inform treatment decisions. Its offerings include The Strata Trial, StrataNGS for targeted DNA and RNA sequencing, and StrataPOINT, which integrates electronic medical records with molecular data to ensure comprehensive testing and follow-up for eligible patients. Strata also manages a portfolio of pharmaceutical-sponsored trials tailored to specific biomarkers and operates the Strata Precision Oncology Network, a collaborative effort among cancer centers to advance precision medicine. Founded in 2015 and headquartered in Ann Arbor, Michigan, Strata was previously known as Strata Oncology Research, Inc. until its name change in May 2016.

Clinc, Inc. is an artificial intelligence company that develops software applications primarily for the banking, automotive, gaming, and healthcare sectors. Founded in 2015 and based in Ann Arbor, Michigan, Clinc offers a conversational AI platform that creates advanced virtual assistants capable of understanding and responding to human speech. The platform utilizes natural language processing, machine learning, and deep neural networks to analyze various factors such as user intent, sentiment, and context, which allows it to deliver accurate and contextually relevant responses. This technology not only enhances customer experiences but also enables enterprises to build stronger relationships with their clients by continuously learning from user interactions. Clinc's expertise in the financial and banking industries further strengthens its capabilities, allowing it to provide valuable insights and improve engagement outcomes for its customers.

Akadeum Life Sciences, Inc. is a life sciences company based in Ann Arbor, Michigan, founded in 2014. The company specializes in manufacturing microbubble cell separation products designed to facilitate the removal of target cells from biological samples. Its product line includes T cell and B cell isolation kits for both human and mouse cells, as well as products for red blood cell depletion. Akadeum utilizes buoyancy-activated cell sorting technology, employing microscopic microbubbles that capture target cells and float them to the surface for efficient removal. This innovative approach enhances the efficiency of downstream testing and analysis for medical practitioners. The company's products are available for purchase online, and it maintains a strategic partnership with Agilent Technologies.

Sight Machine Inc. develops a manufacturing analytics platform that provides real-time visibility and actionable insights across manufacturing operations. Founded in 2011 and headquartered in San Francisco, California, with additional offices in Ann Arbor, Michigan; Tokyo, Japan; and Taichung, Taiwan, the company serves Global 500 clients in various sectors, including aerospace, automotive, and pharmaceuticals. Its offerings include FactoryTX Edge and FactoryTX Cloud for multi-factory IoT data management, as well as a Manufacturing Data Platform that integrates multiple data sources such as data historians, RDBMS, MES, and ERP systems. The platform leverages artificial intelligence, machine learning, and advanced analytics to help manufacturers enhance quality, productivity, and sustainability by continuously analyzing assets and processes at all levels of the organization.