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March 10, 2022 Ann Arbor, MI

Financing led by Beringea and Spring Mountain Capital to fuel continued growth in pharmaceutical and clinical diagnostic markets

Genomenon®Inc., an AI-driven genomics company, today announced the completion of a $20 million Series B financing round. The funds will expand the company’s commercial operations and the development of its genomic data hub, which serves genetic testing labs, hospitals, pharmaceutical and bio

Genomenon announced Tuesday that it was awarded a $1.7 million Small Business Innovation Research (SBIR) grant from the National Institutes of Health to help it organize and connect patient DNA to global genomic research in the areas of rare genetic diseases and cancer.

The grant is the latest in a steady stream of company advances highlighted by the addition of a chief financial officer in January and several collaborative agreements in the past year.

“The SBIR grant accelerates the

The most important use of dental caries detectors is to detect the early stages of dental caries, or more commonly called dental decay. Dental decay is characterized by dark brown or black spots on the teeth and is a condition that can cause immense pain for the patient as well as a lot of money for the dental care practitioner or dental clinic.  The problem with detecting dental caries is that it takes a long time before any visible signs of dental decay are found on the teeth, and the only way to be sure that the condition is not going to worsen is through the use of dental caries detectors.

The growing incidence and prevalence of dental caries are augmenting the growth of the dental caries detectors market. As per the report published by World Health Organization, globall

This is an article about portfolio company, Bloomscape.

The last 18 months were very difficult for businesses since the majority of them shut down due to the pandemic. However, some tech startups have been thriving and will continue to expand given their capabilities to bring disruption in the way we live and work, in every sector.

This article describes five of the most successful tech startups to follow in 2021.

View source version on finsmes.com: https://www.finsmes.com/2021/07/5-successful-tech-startups-to-watch-in-2021.html

This is an article about portfolio company, Bloomscape.

Bloomscape’s Plant Mom gave us some tips on how to best take care of plants, and how to make sure you’re treating each one appropriately.

I am the worst at taking care of plants. All of my plants are dead and/or slowly creeping towards death. The biggest problem is this: I have no idea what every plant in my home is, let alone the amount of sunlight it needs or how often it needs to be watered. At one point, I knew all of it, but now, I’m just guessing (and not doing a great job of it).

View sour

June 29, 2021 08:00 AM Eastern Daylight Time

BERKELEY, Calif.—(BUSINESS WIRE)—Access Softek, an omnichannel digital banking provider, recently launched new payment features in its Commercial Banking solution via SSO integrations with 

This is an article about portfolio company, Bloomscape.

3 ON YOUR SIDE (3TV/CBS 5) - A little green goes a long way. At least that’s what scientists say about the power of plants and your mental health. Spending just 20 to 30 minutes a day in a green space is all you need to reap the mood-boosting benefits plants can provide. And now it’s easier than ever to shop online and have plants delivered to your doorstep. Consumer Reports just checked out a few online retailers to help you pick the right plants for your green space.

View source version on azfamily.com: https://www.azf

This is an article about portfolio company, Refraction AI.

A Michigan-based company expanded in Austin and local restaurants can now send their food deliveries out in a semi-autonomous machine. There are food-delivery robots in Austin.

AUSTIN, Texas — New semi-autonomous robots are taking over some streets of Austin to make food deliveries as the Capital City deals with rapid growth and congestion.

Refraction AI, a Michig

Fintech partner enables small business banking customers with smarter digital payment acceptance.

DETROIT, June 24, 2021 /PRNewswire/ — Autobooks, a product suite for small business banking, today announced that Liberty Bank, one of the largest mutual banks in the country, has chosen the Detroit-based fintech’s small business platform to embed in its digital banking platform.

A new report from CI&T reveals that while small business banking clients have high trust in th

The company is looking to ramp up production to meet demand from commercial constellations and from the U.S. government

This is an article about portfolio company, Orbion.

WASHINGTON — Orbion Space Technology, a Michigan-based supplier of electric propulsion for small satellites, announced June 24 it has raised $20 million in Series B funding.

The new funding is to scale up production of plasma thrusters for small satellites, the company said. Orbion’s Aurora propulsion system uses the satellite’s electrical power to generate thrust. 

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This is an article about portfolio company, Refraction AI.

HB 116 is a such bill that would regulate how ground-based delivery robots would be allowed to operate in New Hampshire.

New Hampshire wouldn’t be the first state to invite delivery robots to our sidewalks. Last week in Austin, Texas, Southside Flying Pizza began employing a small fleet of Refraction AI’s REV-1 delivery robots. These robots operate autonomously and bring pizza to customers around the city. The machines weigh 150 pounds and are described as being “about the same size as a person on a bike.” They can go up to 15 miles per hour and operate in bike lanes rather than on sidewalks.

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This is an article about portfolio company, Bloomscape.

Consumer Reports checked out a few online retailers to help you pick the right plants for your green space.

ST. LOUIS — A little green goes a long way. At least that’s what scientists say about the power of plants and your mental health.

Spending just 20 to 30 minutes a day in a green space is all you need to reap the mood-boosting benefits plants can provide. And now it’s easier than ever to shop online and have plants delivered to your doorstep. 

View source version on ksdk.com: https://www.ksdk.com/article/

This is an article about portfolio company, Refraction AI.

I spoke to Refraction AI co-founder/CTO Matthew Johnson-Roberson on the occasion of the Michigan startup’s $4.2 million seed raise. This week we posted a Q&A where he answers a wider range of topics about the delivery robotics company, and this bit jumped out at me:

It still boggles my mind that nobody has tried to copy what we’re doing. There were 10 or 12 sidewalk robot companies in early 2015, 2016 and 2017. Many of them, with a fe

Partnership with ADHD Online Allows for The Expansion of Services and Business Ventures

GRAND RAPIDS, Mich., June 16, 2021 /PRNewswire/ — ADHD Online, a leading telehealth company for ADHD, today announced a partnership with investment companies Invest Michigan and Michigan Capital Network. The financial investments from the association will expand ADHD Online’s profile to a national level while building the State of Michigan business ecosystem.

Michigan Capital Network’s CEO and Managing Director Paul D’Amato explained, “I believe the ADHD Online co-founders, Zach Booker and Dr. Randall Duthler, are breaking new ground with their telehealth technology. COVID-19 taught us all that we had to reset our thinking a

This is an article about portfolio company, Refraction AI.

Three-wheeled self-driving robots set to launch in three Austin neighborhoods. Pizza lovers in certain areas of Austin, Texas, can now have their pies delivered via robot. The REV-1 robot is the product of Refraction AI, an Ann Arbor, Mich., autonomous vehicle startup.

View source version on autonews.com

This is an article about portfolio company, Refraction AI.

Refraction AI calls itself the Goldilocks of robotic delivery. The Ann Arbor-based company, which recently raised a $4.2 million seed round and expanded operations to Austin, was founded by two University of Michigan professors who think delivery via full-size autonomous vehicles (AV) is not nearly as close as many promise and sidewalk delivery comes with too many hassles and not enough payoff. Their “just right” solution? Find a middle path, or rather, a bike path.

View source version on techcrunch.com:

This is an article about portfolio company, Refraction AI.

The testing comes after a city council resolution passed a few years ago asking City staff to explore robotic delivery models.

AUSTIN, Texas — Don’t worry, robots are not invading South Congress Avenue – at least not yet!

On Monday, the Austin Transportation Department said crews were out testing a fleet of 10 personal delivery devices throughout the district and surrounding neighborhoods to assist with “last-mile deliveries.”

The department said the three-wheeled devices are owned and operated by a private company called

Refraction AI’s REV-1 robots will deliver Southside Flying Pizza orders throughout downtown, Travis Heights, and South Congress

This is an article about portfolio company, Refraction AI.

Delivery robots are coming to Austin. Food delivery service company Refraction AI’s REV-1 robots — small electric-run machines that operate autonomously — are delivering orders from local pizzeria mini-chain Southside Flying Pizza throughout downtown Austin, Travis Heights, and along South Congress Avenue as of today, June 14.

View source version on austin.eater.com:

ANN ARBOR, MICH. (PRWEB) JUNE 01, 2021

West Community Credit Union, based in O’Fallon, Mo., announced today that it is expanding its relationship with HT Mobile Apps (HTMA) to offer the company’s digital solution Hip Pocket™ in addition to Plinqit.

Hip Pocket is a platform that engages mobile and website visitors by using social influence and personalized consultation to help people determine whether they may save money refinancing their mortgage. Hip Pocket can help members save money by comparing their current mortgage rate to individual peer rates. Members may then dis

This is an article about portfolio company, Genomenon.

What was the Michigan Pre-Seed Fund III, an East Lansing fund created to invest in start-up and very early stage companies, doing investing in Genomenon Inc., a 6-year-old Ann Arbor company that had previously raised almost $5 million in equity funding and received nearly $2 million in three grants from the National Institutes of Health?

View source version on crainsdetroit.com:

This is an article about portfolio company, GreenMark Biomedical.

East Lansing-based GreenMark Biomedical Inc. is an entrepreneurial instance of how “it takes a village.”

The corporate, which obtained approval from the Meals and Drug Administration in March for dentists to make use of its oral rinse made with starch nanoparticles to detect tooth decay a lot sooner than beforehand attainable, has raised or gained greater than $6 million in funding from massive grants and all kinds of angel and institutional traders across the state, together with three seed funds financed by the Michigan Financial Growth Corp.

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SaaS Providers to Accelerate Autobooks Solution Deployment for Finxact Clients

JACKSONVILLE, Fla., June 8, 2021 /PRNewswire/ — Finxact, the leading provider of next gen core systems to the US regional and super-regional banking sector, today announced that Autobooks has joined its Marketplace and that the companies will accelerate the path for banks running the Finxact core to deploy the Autobooks all-in-one small business account receivables product suite.

Small businesses are a critical part of the economy, employing nearly half of the private workforce in the U.S. and acco

This is an article about portfolio company, SkySpecs.

ANN ARBOR, MI— A historic site that formerly housed the Ann Arbor Music Center is being leased to a local energy data company.

The site at 312 S. Ashley St., was rehabilitated and is set to be ready by the end of the month after a year of renovations. Its new occupant, Ann Arbor-based SkySpecs, is planning to move in some time in July, officials said.

View source version on mlive.com: 

This is an article about portfolio company, Genomenon.

NEW YORK – Genomenon said Tuesday that it has partnered with German bioinformatics startup Nostos Genomics to integrate its Mastermind genomic search engine into the Nostos AIon AI-driven variant interpretation platform.

According to Ann Arbor, Michigan-based Genomenon, this integration will allow AIon users to preview lists of published articles related to their searches from within the AIon interface. This, the companies said, will help improve diagnosis of rare genetic diseases.

View source version on genomeweb.com

ANN ARBOR, MICH. (PRWEB) APRIL 07, 2021

Ripple Science is being recognized as one of the 2021 awardees for the Michigan 50 Companies to Watch award, presented by Michigan Celebrates Small Business. Ripple Science will be honored at an awards ceremony during the 17th annual Michigan Celebrates Small Business gala event, July 20.

Ripple Science is an emerging innovative Saas and fast growing eClinical company dedicated to accelerating clinical trials through improved patient recruitment and retention. By adapting marketing and sales automation techniques to patient engagement Ripple speeds the enrollmen

This is an article about portfolio company, Autobooks

Less than half (47%) of U.S. based small businesses believe their primary financial institution understands their needs. This general dissatisfaction is allowing new digital challengers to thrive. Companies like Square, Shopify, and Intuit are capitalizing on serving SMBs with digital products and services more closely aligned to their needs. 

It doesn’t have to be this way. Despite many challenges, financial institutions can become well positioned to attract and service small businesses — more effectively than any fintech challenger actually can.

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This is an article about portfolio company, Shoulder Innovations

GRAND RAPIDS — A venture capital firm that invests in medical device technologies wants to raise $30 million for a new fund to support portfolio companies progressing with commercializing their innovations.

Grand Rapids-based Genesis Innovation Group LLC’s Cultivate(MD) Capital Accelerator Fund GP LLC has so far raised $7.75 million from 44 investors toward a $30 million goal, according to a May 5 regulatory filing with the U.S. Securities and Exchange Commission.

View source version on mibiz.com: https://mibiz.com/sections/finance/