Eniac Ventures Newsletter: May 2019
MedCrypt, an Eniac seeded company & recent YC grad, raises $5.3M to secure medical devices
Medical device cybersecurity software provider, MedCrypt announced a $5.3M Series A led by Section 32, the investment firm founded by former Google Ventures partner Bill Maris. The round was joined by Eniac Ventures and Y Combinator. Their security software allows device vendors to use cryptography to secure data traveling between or stored on devices.
MedCrypt is a graduate of YCombinator and was named a winner of the Xconomy Innovation Awards. Founder & CEO Mike Kijewski wrote on why Hackers Are Hunting Medical Data, Not Money in Electronic Health Reporter.
Read more in TechCrunch
Embrace raises $4.5M to diagnose 5x more in-app issues
and fix the mobile experience
Eniac-seeded company Embrace announced a $4.5M preemptive additional capital round led by Pritzker Group Venture Capital and joined by Greycroft and Vy Capital. Embrace is an AppDynamics/New Relic for mobile and is automating the identification of user issues and removing diagnostic inefficiencies for mobile engineering teams.
Since launch, Embrace has grown to support trillions of mobile events from many of the world’s most popular apps, in a variety of verticals, including Home Depot, OKCupid, Boxed, Headspace, GameTime, and AllTrails.
Read more in TechCrunch.
ProdPerfect secures $2.6M, co-led by Eniac Ventures, to fully automate QA for web appsEniac co-led ProdPerfect’s $2.6M seed round with Fika Ventures. Fully automated, high-coverage end-to-end QA engineering as a software product. It analyzes web traffic to create aggregated flows of common user behavior and generates and maintains test scripts based on these user flows. The coverage updates continuously and automatically as new features are deployed.
The product has been live since April 2018 and revenue has grown 40% MoM.
Briq Chronicle’s new release now connects Owner and General Contract Systems without the need of APIs. Watch how easy it is to connect a Procore GC Project to a Procore Owner Project.
FortressIQ, the company pioneering imitation learning, was named as a Top Company to Watch in 2019 by CFO Magazine. Since launch in 2017, the company works with six enterprise clients, has pilots with three of the world’s top 10 banks and one of the largest consumer product companies, and will close more than two dozen new customers in Q2.
Iron Ox started selling its lettuce to consumers via a local San Carlos grocery store, with potential for expansion. The company was also a finalist for Fast Company’s World Changing Ideas for 2019. Other finalists in the Food category include Beyond Sausage, Bowery Farming, and the Impossible Burger. Read more about their plans in Bloomberg Businessweek.
Mio v3 launched with a new UI for admins to sync Slack, Microsoft, and Webex Teams. The new release makes it easier for admins to configure and sync their teams, and provide deeper insights into multi-vendor messaging environments across Slack, Cisco Webex Teams and Microsoft Teams.
Owlet Baby Care, which Eniac seeded, was named the winner of the baby safety category for the 2019 JPMA Most Innovative Baby Products. The esteemed award is given by Good Housekeeping, Parents Magazine, BabyCenter, Fatherly, What to Expect, and more.
READY Robotics launched Forge at Automate 2019. Forge unifies cross-platform industrial robotic programming and control and makes controlling both industrial and collaborative robots easier.
Shine took home two People’s Choice Webbys for Best Lifestyle App and Best Messaging Bot. Founders Marah Lidey and Naomi Hirabayashi also completed Apple’s Entrepreneur Camp, an intensive pro-bono program with consulting from top Apple execs.
Sea Machines opens a new technology center in Boston. The space will accelerate product development and is adjacent to their HQ and testing sites in East Boston’s historic shipyard. Also, read Founder & CEO Michael Johnson’s article in Maritime Executive on The Top Ten Capabilities That Marine Autonomy Adds to Vessels.
Universe, the easiest way to make a website on any mobile device, was featured in Apple’s new iPad Pro commercial on “A new way to start your business.”
Vence launched to bring farming into the 21st century. The company makes a device and accompanying software that lets farmers control their animals’ behavior remotely. Read their feature in Inc. on why Vence’s solution will make huge a huge impact on agriculture and the planet.
New episodes of Seed to Scale
Sarah Cannon, Partner at Index Ventures: On lessons from her time working with Obama, Capital G & Slack
Brian Feinstein, Partner at Bessemer: On identifying opportunities in vertical SaaS
Jenny Fielding, MD of Techstars: On doubling down with the NYC tech community
Omar Hamoui, Partner at Sequoia: On the early days of AdMob, a call from Steve Jobs and the secret sauce to Sequoia’s success
Follow us at @SeedtoScale.
Hadley Harris’s interview on The Next Decade Will See Trillion Dollar Sectors Disrupted by Visual Technologies.
Why We Co-Led ProdPerfect’s Seed Round
How Pinterest made it in Eniac’s Anti-Portfolio
Eniac’s Javaughn Lawrence named one of HBCUvc’s list of top 30 Under 30 up-and-coming in venture capital.
Eniac will be speaking at the LDV Vision Summit on May 22.
