MassChallenge is a global nonprofit startup accelerator headquartered in Boston, Massachusetts, founded in 2009. It supports early-stage entrepreneurs from various industries, including technology, healthcare, and finance, by providing mentorship, resources, and networking opportunities. With locations in countries such as Israel, Mexico, Switzerland, and Texas, MassChallenge operates a non-equity model, allowing startups to retain full ownership while benefiting from expert guidance and connections. The accelerator conducts various programs tailored to specific sectors, such as MassChallenge HealthTech and MassChallenge FinTech, which facilitate partnerships between startups and established enterprises to drive innovation and market growth. Through its extensive global network, MassChallenge aims to strengthen the innovation ecosystem and empower high-potential startups to create meaningful impact.
Elythea is an ML/DL-driven platform that obstetricians in any setting use to predict risk for complications of pregnancy (postpartum hemorrhage, c-section, eclampsia) before they ever happen. We use information that is available at the point of care, so we can make the prediction as early as the 1st trimester, allowing doctors months to prepare in advance! We use clinical history/demographic information that is available at the point-of-care, so we can make the prediction as early as the 1st trimester, in developed or developing countries, allowing doctors months to prepare in advance! Knowing high-risk earlier allows for blood/medicine/tailored clinical guidance to be prepared, reducing mortality/costs >90%. Our models use proprietary models to surpass gold standard risk assessments in the current clinical space. Our preliminary clinical trials have demonstrated 3x greater sensitivity for high risk classification of hemorrhage when comapred to the current widely used hemorrhage assessment score.
CryptoClear
Non Equity Assistance in 2023
Our innovative solutions provide comprehensive intelligence and risk assessment of the blockchain ecosystem, enabling users to understand network connectivity, identify key influencers and unusual activities, and gain a holistic view of the blockchain landscape without manual intervention. As we venture into asset tokenization analytics, we are excited about the boundless opportunities this financial innovation presents.
Blockpliance
Pre Seed Round in 2022
Blockpliance assigns a risk score to crypto wallets based on their behavior. Our platform is designed for existing compliance teams to meet regulatory requirements, enabling banks to safely interact with crypto-derived assets. We combine background search with a proprietary score, focusing on preventing your institution from transacting with malicious actors. Our algorithm analyzes for money laundering, human trafficking, terrorist financing, ransomware, scams and other criminal activity.
GamerSafer
Non Equity Assistance in 2021
GamerSafer Inc. offers technology solutions aimed at enhancing safety in online gaming environments. Founded in 2019 and based in San Jose, California, the company specializes in identity management software that quickly verifies and authenticates players using advanced computer vision and artificial intelligence. This innovative platform helps multiplayer games and esports platforms mitigate risks related to fraud, disruptive behaviors, and toxicity. By providing features such as safe login, age verification, player insights, second-factor authentication, and a parent dashboard, GamerSafer not only enhances player safety but also aids gaming companies in reducing user churn, increasing player retention, and ensuring compliance with data privacy regulations.
Stellar Project
Non Equity Assistance in 2021
Stellar Project is a space technology startup based in Padua, Italy, that focuses on innovative solutions for light satellites. The company specializes in the development of miniature low-power laser communication terminals, which enhance communication capabilities in the space sector. In addition to its manufacturing efforts, Stellar Project provides consultancy services that assess the risks associated with spacecraft missions, particularly concerning the threats posed by space debris and space weather. Through its advanced technologies and risk analysis, Stellar Project aims to contribute significantly to the evolving space economy.
Hub 85
Non Equity Assistance in 2021
HUB85 is a business intelligence software solution which enables an organisation to identify, analyse and govern their internal spreadsheet environment. An organisation can get complete transparency on their spreadsheet inventory and can see real-time actionable insights to reduce risks, cut costs and improve operational efficiency across their enterprise. HUB85 has received a Founders Award from the Institute of Innovation and Entrepreneurship and has offices within the London Business School Incubator. HUB85 is also part of cohort 4 of the FCA Regulatory Sandbox.
Optalitix
Non Equity Assistance in 2020
Optalitix is a cloud software provider that offers a platform designed for insurers and banks to host various models, including spreadsheets and AI applications. Their flagship product, Optalitix Models, enables clients to convert Excel spreadsheets into scalable systems without the need for coding. The platform leverages both internal and external data to generate insights, facilitating improved decision-making processes. In addition to model hosting, Optalitix offers a hosted underwriting workbench called Optalitix Quote, which enhances underwriting performance. The company also provides tools that utilize these hosted models to optimize credit origination, embedded insurance, sales insights, and broker sales, ultimately helping clients to underwrite insurance more effectively, acquire and retain customers, and personalize policy offerings.
Compliance.ai
Non Equity Assistance in 2020
Compliance.ai’s mission is to transform the way highly regulated organizations address compliance risk, and to modernize the rule making process for both the regulators and the regulated entities. Our platform automates complex compliance processes and workflows to foster collaboration, transparency and trust across all stakeholders. Taking advantage of a comprehensive collection of curated regulatory content, Compliance.ai enables compliance teams to stay abreast of regulatory changes as they occur, in near-real-time, helping them reduce exposure to non-compliance (audits and penalties, reducing uncertainty, and helping slash the cost/time traditionally associated with regulatory research.
Owlin
Non Equity Assistance in 2020
Owlin is an AI-driven platform that specializes in risk intelligence, providing businesses with valuable insights derived from extensive news monitoring. By utilizing proprietary artificial intelligence and large language models, Owlin extracts and analyzes information from over 3 million mainstream and niche sources in 16 languages, including English, Spanish, Chinese, and Arabic. This capability allows organizations to stay informed about emerging risks, opportunities, and trends that could impact their operations. Owlin's services cater to various clients, including major global brands, enabling them to monitor large portfolios of counterparties, clients, vendors, or suppliers effectively. The platform offers several delivery methods for its insights, including the Owlin Newsletter, Owlin Lite, Owlin Enterprise, and Owlin API, ensuring that users can access real-time information that enhances decision-making and reduces risk exposure.
Pegwin
Non Equity Assistance in 2020
Pegwin is a healthcare software company that focuses on improving patient safety through its platform, KBCore. This system employs predictive technology to enhance communication among doctors, nurses, and staff while also reducing costs. Pegwin's enterprise data management platform provides real-time clinical tools that facilitate hospital rounds and offer meaningful insights for quality improvement. Additionally, it captures data to streamline risk management functions, helping healthcare organizations analyze patient safety information. By identifying active threats, Pegwin's solutions aim to predict and prevent potential harm, ultimately enabling better and safer patient care processes.
CSS Worldwide
Non Equity Assistance in 2020
CSS Worldwide specializes in enhancing workplace safety through innovative monitoring systems that utilize sensing technology and proprietary algorithms. The company focuses on detecting and analyzing safety incidents, particularly slips, trips, and falls, which are the leading cause of lost time accidents. By employing wearable sensors, CSS Worldwide captures near-miss and accident events, enabling clients to identify and locate other workers or mobile equipment in the vicinity. The system anonymously records interactions leading up to incidents, allowing for detailed animated replay and analysis to improve safety performance and prevent future accidents.
Stratyfy
Non Equity Assistance in 2019
Stratyfy offers predictive model development and decision optimization solutions for financial institutions built around that deliver the accuracy of machine learning without black box pitfalls. In addition to cutting edge accuracy, all models built on the platform are truly transparent and explainable, allowing the lenders to make consistent, ethical and regulatory compliant data driven decisions. Stratyfy Solutions are powered by Smartificial Intelligence™, our proprietary explainable AI technology portfolio that combines AI with IQ to augment human expertise instead of trying to replace it with overly complex models. The transparency of our proprietary algorithms allows our solutions to address a range of important problems for financial institutions where machine learning has struggled to deliver value. Please contact us at info@stratyfy.com to learn more about our solutions and see the benefits they can deliver to your business.
Guide Change
Non Equity Assistance in 2019
Guide Change is a financial management platform focused on enhancing financial care for older adults and at-risk individuals. The platform provides insights into spending and resources, generates shareable reports, and offers personalized advice to improve financial health. By securely linking online bank accounts, Guide Change helps users maintain financial independence while mitigating risks associated with exploitation and poor budgeting. The company's experts analyze data to create tailored financial reports that assist fiduciaries in making informed spending decisions, ensuring that funds are utilized in the best interests of the account holder. Through its innovative services, Guide Change aims to empower older adults to manage their finances effectively and securely.
Emerging Response
Non Equity Assistance in 2019
Emerging Response specializes in providing public safety and campus safety services aimed at enhancing real-time situational awareness for emergency managers. The company's platform facilitates the sharing of incident information across various agencies, allowing for a comprehensive operational picture. By enabling clients to access trusted information directly from responders, both within their organization and from external agencies, Emerging Response supports improved decision-making during emergencies and fosters effective collaboration among responders.
asvin.io
Non Equity Assistance in 2019
Since 2018, asvin’s cybersecurity company's mission has been safeguarding organizations and their valuable data, inspired by the healing Asvin twins from Hindu mythology. With a proactive approach, we provide predictive solutions to ensure our clients' systems and devices' health and resilience, establishing trust, security, and resilience throughout the software lifecycle. We provide predictive cybersecurity with unique mesh architectures, knowledge-graph, and risk-by-context methodologies. Our state-of-the-art Risk-By-Context index enables informed decision-making by identifying complex threat patterns for advanced risk analysis. You get improved prioritization, stay ahead of threats, allocate resources efficiently, respond timely, and maximize your security investments. Our research is leveraging AI for enhanced threat intelligence and risk analytics, investigating vulnerabilities related to AI training data manipulation and emerging cyber risks. Collaborating with esteemed partners like MIT, Fraunhofer, and KIT, we contribute to national and international projects. asvin BeeHive, our Cybersecurity Management System (CSMS), ensures regulatory compliance and resilience in software ecosystems. With APIs for Software Update Management (SUMS), comprehensive threat intelligence, and risk analysis (SBoM analytics), BeeHive gives you a robust security framework. Our predictive cybersecurity solutions cater to critical sectors in industrial and public domains. Our Risk-By-Context solution excels at identifying, assessing, and mitigating risks, customizable to each customer's specific requirements. With an end-to-end trust layer along data supply chains, BeeHive boosts resilience against cyber-attacks, ensuring compliance with legal and regulatory obligations. Our approved technologies benefit diverse industries, such as automotive, engineering, energy, telecommunications, and public infrastructures. Our comprehensive cybersecurity protection is reliable across all sectors, from connected devices to OT environments and cyber-regulatory needs. Choose asvin to empower your cyber resilience and safeguard your assets throughout the lifecycle like never before.
Systemcredit
Non Equity Assistance in 2019
Systemcredit operates a digital platform that facilitates the connection between small and medium-sized enterprises and various lenders, offering a range of credit options. The platform is designed to streamline the process of obtaining suitable loans by matching quality borrowers with lenders and risk underwriters. It collects relevant data to help assess creditworthiness and minimize risks, thereby providing businesses with access to financial solutions and protection against credit default losses. Systemcredit serves clients across multiple OECD countries, contributing to improved liquidity for lenders and insurers.
Maverick Medical AI
Non Equity Assistance in 2019
Maverick Medical AI discovers & unlock the full value of risk adjustment to help achieve financial success.
Securaxis
Pre Seed Round in 2018
Securaxis specializes in the development, installation, and operation of innovative safety and security solutions. Founded in 2018 as the first incubated company of BIC of CERN Technologies in Switzerland, Securaxis has garnered recognition through various accolades, including the Entreprendre Network and Swisscom Start-up Challenge. The company is part of the HP Enterprise Startup Incubator and the NVIDIA Inception Program. Securaxis has a dedicated team of eight experts in fields such as machine learning, acoustics, and data management, who have collaborated for over four years. They have successfully developed and commercialized a mobile security application utilized by clients including the Federal Department of Foreign Affairs in Switzerland, the Olympic Committee, and the United Nations. Securaxis operates a real-time geolocalized security information platform that employs smart acoustic sensors to analyze and classify sounds in urban environments, enabling organizations to make informed decisions to enhance safety.
Pilleve
Non Equity Assistance in 2018
Pilleve's aim is to fill in the gap between opioid prescription and addiction, which has affected millions of Americans and resulted in thousands of accidental overdoses. Pilleve decreases the costs of opioid abuse and addiction for insurance companies, providers, loved ones and patients. This ranges from accidental overdoses to long term treatment. We do that by detecting the signs earlier, intervening, and ensuring patients are using their prescription opioids safely. In doing so, pilleve decreases the social and financial burden that cripples patients and their stakeholders. Pilleve’s solution to opioid misuse and abuse starts with an integrated pill bottle, coupled with a smartphone application, that accurately monitor’s a patient's intake in real time and securely holds opioids at all times. Patients input passwords or use their phone’s biometric scanners to dispense a pill. Before dispensing their opioids, patients are asked about their pain levels and mood in order to assess if they’re showings signs of aberrant behaviors. Pill usage data at the point of intake is collected and analyzed. Physicians are then alerted if a patient is exceeding recommended dosages. Through their EHRs, physicians can see results in real time and intervene by changing a patient’s prescription, limiting dosages, or helping patients wean off their medication.
RiskTalk
Grant in 2017
RiskTalk Ltd is a developer of a communication tool aimed at enhancing employee engagement regarding issues that impact core organizational values. Founded in 2016 and headquartered in Lausanne, Switzerland, with an additional office in Kent, United Kingdom, RiskTalk enables a bottom-up communication approach, allowing employees to report concerns without fear of bias or reprisal. The tool facilitates the identification and logging of risks, turning discussions into actionable items by assigning responsibilities to appropriate personnel and providing feedback mechanisms. This innovative approach aims to create a blame-free environment for addressing risks, thereby improving overall organizational responsiveness and accountability.
Vicarius
Non Equity Assistance in 2017
Vicarius Ltd. develops a cybersecurity platform that offers comprehensive solutions for protecting applications and software against cyber threats. Founded in 2016 by information security experts, the company operates from headquarters in New York and Tel Aviv. Its flagship product, vRx, is an end-to-end vulnerability remediation platform that consolidates the processes of discovering, prioritizing, and mitigating vulnerabilities. This platform utilizes proprietary binary code analysis to identify vulnerabilities in the digital environment, enabling clients to predict and safeguard their software and data from potential exploitation. Additionally, Vicarius offers Topia, which monitors incoming and outgoing traffic to prevent unauthorized access and protect cloud applications. By providing effective remediation solutions, Vicarius aims to reduce risk and alleviate the burden on security teams, allowing them to focus on other critical tasks while maintaining robust security measures.
Securaxis
Non Equity Assistance in 2017
Securaxis specializes in the development, installation, and operation of innovative safety and security solutions. Founded in 2018 as the first incubated company of BIC of CERN Technologies in Switzerland, Securaxis has garnered recognition through various accolades, including the Entreprendre Network and Swisscom Start-up Challenge. The company is part of the HP Enterprise Startup Incubator and the NVIDIA Inception Program. Securaxis has a dedicated team of eight experts in fields such as machine learning, acoustics, and data management, who have collaborated for over four years. They have successfully developed and commercialized a mobile security application utilized by clients including the Federal Department of Foreign Affairs in Switzerland, the Olympic Committee, and the United Nations. Securaxis operates a real-time geolocalized security information platform that employs smart acoustic sensors to analyze and classify sounds in urban environments, enabling organizations to make informed decisions to enhance safety.
Carbon Delta
Grant in 2016
Carbon Delta exposes climate risks in the financial markets, which enables companies to protect assets, optimize performance and reach sustainability goals.
Protagoras
Grant in 2016
Protagoras is a digital solution for financial advisors. It offers unique risk profiling and country-specific tax functionality, addressing each investor’s specific situation and preferences. Their interactive, data-driven, algorithmic approach radically improves the understanding of client investment preferences and automates compliance with upcoming regulations. Protagoras solves massive risk, tax, and compliance issues for financial advisors by providing the most precise investor profiling platform.
Cytora
Seed Round in 2015
Cytora is a London-based company founded in 2014 that specializes in a configurable platform designed for commercial insurers to enhance their risk processing capabilities. The platform digitizes incoming risks and enriches them with both internal and external data sources. It evaluates these risks using various rules related to appetite and priority before directing them to downstream systems for either automated or manual underwriting. By leveraging artificial intelligence, Cytora's platform learns the patterns of different risks and loss outcomes over time, allowing insurers to assign a rank, score, and price to each property and organization. This approach aims to improve risk selection, pricing accuracy, and overall efficiency in underwriting processes.
Cytora
Non Equity Assistance in 2015
Cytora is a London-based company founded in 2014 that specializes in a configurable platform designed for commercial insurers to enhance their risk processing capabilities. The platform digitizes incoming risks and enriches them with both internal and external data sources. It evaluates these risks using various rules related to appetite and priority before directing them to downstream systems for either automated or manual underwriting. By leveraging artificial intelligence, Cytora's platform learns the patterns of different risks and loss outcomes over time, allowing insurers to assign a rank, score, and price to each property and organization. This approach aims to improve risk selection, pricing accuracy, and overall efficiency in underwriting processes.
ModelRisk Analytics
Grant in 2014
Financial institutions rely on quantitative models for investments and risk control. The financial crisis of 2008, regulation & complex financial models have made model risk assessment a top priority. ModelRisk Analytics has created the first global standard for rating quantitative models. Their cloud-based solution provides a cost-effective, scalable environment for model risk assessment enabling financial companies to fulfill regulatory requirements and prevent expensive financial accidents
MedAware
Grant in 2013
MedAware provides innovative solutions that save lives, improve patient safety, and significantly reduce healthcare costs. MedAware’s patent-pending technology uses big data analytics and machine learning algorithms to analyze large scale data of electronic medical records, and learn automatically how physicians treat patients in real life scenarios. With MedAware, healthcare providers, payers, and pharmacy chains can leverage their big data to identify and eliminate a wide range of prescription errors and provide better risk management. Founded in 2012, MedAware is based in Raanana, Israel.
BuysideFX
Grant in 2012
BuysideFX is a Currency Management Platform that provides a simple and effective FX trading strategy, solving foreign exchange problems for institutional money managers by supporting the entire lifecycle of trades. It reduces operational risk, streamlines workflow management, connects with any FX dealer via multi-dealer ECNs or single-dealer platforms, runs custom trading strategies, and provides workflow automation via BuysideFX Autopilot.
Saperix
Grant in 2010
Saperix is building an Information Security Risk Rating Service for business that need to connect their networks with partners and share data with them. Acquired by Firemon.
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