News

Hydrosat Raises $5M

Data analytics company Hydrosat has raised $5 million in seed funding for a satellite constellation to produce a global thermal infrared map. Cultivation Capital led Hydrosat’s seed round. Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures and Synovia Capital also participated…

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Summersalt Cofounders Featured in Southern Living

Lori Coulter and Reshma Chattaram Chamberlin think that it’s time you felt comfortable and carefree in a bathing suit again. “We wanted to make swimwear for women like us,” says Lori, who launched Summersalt with Reshma in 2017. Since then, their swimsuit-and-apparel brand has become known for its embrace of bright colors and its inclusive approach…

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Be My Eyes Wins Apple Design Award

Be My Eyes enables people who are blind and low vision to identify objects by pairing them with volunteers from around the world using their camera. The app supports more than 300,000 blind and low-vision users and more than 4.5 million volunteers, across 150+ countries and 180+ languages…

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Geneoscopy Develops At-Home Colorectal Cancer Screening Test

Erica Barnell knows she has to help people get past that part of her work. It’s the part that involves stool samples collected at home and sent to her lab at St. Louis-based Geneoscopy, located in Maryland Heights. Over the last few years, Barnell developed the focus and drive to try to prevent colorectal cancer, the second most common cause of cancer death in the United States…

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Mission Control to Manage Esports Leagues for Cinemark

Mission Control has developed technology designed to help organizations and intramural sports groups host esports recreational leagues. Its partnership with Cinemark comes as the global movie theater operator said this week it is boosting its capabilities to provide in-theater and online gaming opportunities…

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Patty Riskind Joins Orbita as CEO

Patty Riskind has joined Orbita as the company’s new CEO. We look forward to a leader with extensive expertise in the healthcare and life sciences arena to advance our team into this post-COVID era…

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Sharpen Has Raised a Total of $55M

The latest round of financing brings the total amount raised by Sharpen to over $55 million. It follows a year when the company experienced more than 100% growth in revenue and a 40-plus% increase in new bookings, company officials said. At the same time, Sharpen was named to the 2020 Inc. 5000 list of fastest-growing private companies in America, based on a growth rate of 137% over the last three years…

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Martha Gallagher Promoted to General Counsel

Congratulations to Martha Gallagher who has just been promoted to General Counsel at Cultivation Capital. Also, much appreciation to Michelle Myers who originated the role and who built the legal and compliance framework from which Cultivation Capital has grown to become one of the most active early-stage venture capital firms in the country…

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Benson Hill Well Positioned to Go Public

Unlike many SPAC targets, Benson Hill is already on solid financial footing. It had revenue of $102 million in 2020, and projects annualized sales growth of 46% from 2020 to 2027. That’s higher than stock-market darlings such as Beyond Meat Inc. at about 40%. The gross margin of 45% for Benson Hill is also higher than the peer group ranging from 20% to 35%…

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