FinLocker, a financial data and analytics company, announced today the approval of its fourth patent, leveraging Artificial Intelligence (AI) and rules based algorithms. FinLocker’s newest patent identifies content missing from the financial locker, and is further designed to either improve insights provided to the consumer, or help the consumer achieve a specified objective.
Launching the company in St. Louis was possible, Pernikoff says, because “there was a little bit of a tech buzz happening” thanks to local startup resources like Capital Innovators, Cultivation Capital and T-Rex. The brothers, who are native St. Louisans, had spent several years in Silicon Valley helping to build a tech startup; compared to what they’d encountered there, they’ve found the entrepreneurial support system in St. Louis refreshingly different.
“There were more people [here] interested in investing and working with us because we were, from a music-tech standpoint, helping put St. Louis on the map. Also, it was just a different mentality. People in St. Louis want to prop St. Louis up, right?” Pernikoff says. “Of course, investors are always looking for their return, but there were a lot of people in the investment community here who care about a bigger picture.”
The integration between Reconstruct™ (http://www.reconstructinc.com/) and Sensera Systems allows for the automatic push of captured images from Sensera’s SiteCloud® platform into Reconstruct’s ‘Visual Command Center’— requiring no user involvement. Reconstruct transforms these site images into point clouds, where drawings can then be aligned and overlaid against photos. This helps validate quality and avoid rework. The integration fosters collaboration, progress and safety.
“We are extremely excited about our partnership with Sensera, especially about the synergies that are being created. Our customers can automatically visualize captured images from Sensera cameras within Reconstruct, and that makes quality validation more efficient,” said Zak MacRunnels, CEO of Reconstruct.
Agtech startup NanoGuard Technologies plans to accelerate its commercialization efforts after closing a Series A financing round led by a local investor.
Every year, CNBC scans the globe looking for the 100 venture-backed start-ups that have the potential to transform industries and become tomorrow’s household names. Our 2019 Upstart 100 list showcases young start-ups that are building and scaling businesses addressing the rapidly changing technological era we live in.
A Chester County life sciences company developing analytical instruments that can more efficiently identify molecules for diagnosing and treating diseases has raised $15.4 million in a series A financing.
Kangarootime, a leader in early childhood software, secured $3.5 million Series A funding from Cultivation Capital. St. Louis-based venture capital firm Cultivation Capital joins other Kangarootime investors, Mucker Capital, Skyview Capital, 43 North, New York State Venture Fund and Tech Coast Angels.
Biopharmaceutical firm Galera Therapeutics, which was founded in St. Louis a decade ago, is now a public company traded on Nasdaq.
Galera raised $60 million Wednesday in its initial public stock offering, selling 5 million shares at $12 apiece. The shares surged as high as $13.43 in Thursday morning trading before settling back near the $12 level.