Cincy FinTech about to take the payments transfer industry by storm

Image by RODWORKS A new fintech startup in Cincinnati is making waves with its payment platform that is embedding P2P payment capabilities for financial institutions into their existing digital banking applications for seamless money transfers. Neural Payments CEO, Mick Oppy, founded Neural Payments as a result of an academic exercise at MIT.  Prior to [...]

Manned drone flight is a success | Wearable sweat sensor can monitor health

Ryse celebrates success of its first manned drone flight Ryse Aero Technologies has released video of the manned flight of its first offering called RECON, an all-electric ultralight vertical takeoff and landing vehicle. The drone-style six-prop multicopter has a single seat in the middle, which was piloted by Erik Stephansen, RYSE Aero Technologies' Director of [...]

Announcements from Alloy Growth Lab | Carefeed raises $3M | Kinetic Vision’s Innovation Center

Announcements from Alloy Growth Lab The Alloy Growth Lab had some announcements recently: ACTivate Technologies, which calls itself the "GPS for Organizational Performance,” launched its solution ACTivate Advance, an AI-empowered SaaS platform that provides real-time business insights. ACTivate Advance offers actionable data based on what’s working and what’s not in an organization. Alloy Growth Lab [...]

New AI skills course at University of Cincinnati | Omni Fiber comes to Ohio

University of Cincinnati offers new course for AI skills The rapid growth in the application of AI continues to change how we work and live. A report from the World Economic Forum estimates that AI would create a net total of 97 million new jobs by 2025. To help meet the need for people with AI skills, the [...]

Parallax awarded $97.5M from MATRIX | Gen Nine Inc. gets funds for Alzheimer’s research

Parallax gets contract from MATRIX Beavercreek-based Parallax Advanced Research has been awarded $97.5 million for the Air Force Research Laboratory’s (AFRL) Mission Analytics Technology and Research for Innovative eXploitation (MATRIX) contract. Parallax aims to conduct research and development in three technical areas: multi-source analytics, joint all-domain systems analytics, and machine learning analytics. In a press [...]

Software for solving crime | A look at CinCor | Improving the speed of 5G

Startup helps police solve crimes Data analytics seems to be the key to improved performance in every industry. Now the creators of a new app hope to help law enforcement more efficiently manage and share data to help solve and prevent crime. Peel9 is a software startup out of the University of Cincinnati’s Venture Lab that was [...]

Miami University & entrepreneurship | Pantomath’s $4M | LISNR expands smart ticketing

Miami University placed in top school rankings for value, entrepreneurship The Princeton Review has named Ohio’s Miami University number 38 in its Top 50 Best Value Colleges (Public Schools) for 2022. The school also placed in three categories, gaining kudos in Top 20 Best Schools for Internships (#9), Top 50 Game Design, Undergrad (#24), and [...]

AccelerateOhio launches | Two Cincy startups get funding

Advanced mobility solutions in Ohio JobsOhio announced the launch of AccelerateOhio, a new campaign focused on attracting companies and organizations involved in scaling advanced mobility solutions in Ohio, including automotive, aviation, aerospace, and military industries. The collaborative effort between the state of Ohio, JobsOhio, and 15 public and private organizations will offer stakeholders access to [...]

New tech for the Reds | ElevateEquity’s virtual accelerator | NSF grant supports local epidemic research

New tech for the Reds Sign-stealing is considered a big problem in baseball. And we’re not talking about someone making off with a billboard. It’s when an opposing player on second base has a clear view of the catcher's pitching signal. Now the Cincinnati Reds will be using tech to put an end to the [...]

Kroger’s state-of-the-art AI lab | GoSun raises $1.6M

Cincy knows how to grow an innovation economy Regional economies upgrade and create new jobs through continuous innovation. In this Brookings report, the University of Cincinnati’s Office of Innovation is cited as a leading model for how research universities can catalyze innovation-based economic growth in midsized cities. It’s recognized for overseeing a comprehensive innovation agenda, [...]

Astronomer lands $213M | Lightship Foundation acquires Black Tech Week

Astronomer lands $213M and will acquire Datakin Data analytics company Astronomer has closed on $213 million in Series C funding led by Insight Ventures. Astronomer will use the money to advance some of its strategic plans. One of those is to acquire Datakin, a data operations tool. Lightship Foundation acquires Black Tech Week As part [...]

Easing CVG travel experience | Using AI to detect illness

UC and CVG collaborate to ease traveler experience Artificial intelligence from the University of Cincinnati may help lines move faster at the Greater Cincinnati International Airport. CVG brought in UC aerospace doctoral student Javier Viaña to apply AI to its EASE system, a patent-pending hardware and software program the airport began using in 2019. Using [...]

Blue Water Vaccine’s stock soars at IPO | Research news from UC

Image by photo.ua for Shutterstock Blue Water Vaccines raises $20M in initial public offering Blue Water Vaccines, a biotech company that launched in 2015 to develop a vaccine for protecting against all types of flu held an initial public offering that raised $20M. Blue Water’s stock rocketed 538% following the IPO. Miami University [...]

Ohio’s stellar 2021 | Pay Theory closes on $2M | Making drones quieter

Ohio's 2021 startup impact report 2021 marked the third consecutive year that Ohio companies received over $1 billion in venture capital investment. Ohio’s startup ecosystem has created nearly 11,000 jobs, with 167 companies funded and $10B in economic impact including $2.87B in exits. Those are some of the findings in the newly released State of [...]

Stem cell treatments for MS | A milestone for Payload | Prosource acquires PBSI Technology

Prosource acquires tech company Business technology solutions company Prosource acquired PBSI Technology Solutions, an established technology services company based in Springdale, Ohio, specializing in voice, data, and security solutions. Through the acquisition, Prosource will integrate PBSI’s capabilities in structured cabling, telecommunications services and consulting, security and surveillance equipment into their business tech portfolio. Stem cell [...]

Refinery Ventures’ $36M fund | SaaS Capital closes fourth fund

Refinery Ventures closes $36M fund Refinery Ventures closed its second fund with $36 million, which is two times more than its first fund. Backers included  Cintrifuse, Great American Insurance, Western and Southern Insurance and The Cleveland Foundation. SaaS Capital closes $128M fund SaaS Capital announced that it has closed its fourth fund with $128 million in [...]

Forbes touts Cincinnati Innovation District | CVG robots deliver food | TikTok and NFTs

Cincinnati Innovation District covered in Forbes Innovation districts provide a great way to attract entrepreneurs, startups and business incubators. This article in Forbes, which talks about how they are now popping up in cities outside of Silicon Valley, cites the Cincinnati Innovation District (CID) as one enclave that is making good progress. CVG robots deliver [...]

Bay Area VC money lands in Cincy | Mutual fund for Bitcoin | Virtual physical therapy

VC money leaving Bay Area is coming to Cincy For the first time in more than a decade, the proportion of seed- and early-stage capital invested in Bay Area startups is on pace to drop below 30%. That’s one of the big discoveries from data collected by Revolution and PitchBook. In that report, Cincinnati made [...]

Workday to acquire VNDLY | Ohio’s $2.2B venture funding | MedTech

VNDLY to be acquired Workday announced plans to acquire Mason, Ohio-based VNDLY, a provider of cloud-based workforce management tech, for $510 million. The California-based tech company has entered into a definitive agreement to acquire VNDLY before Jan. 31, 2022. Ohio's VC so far this year more than double of 2020 The Buckeye State startup scene [...]

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