Startups

Boston Globe reporter Aaron Pressman spotlights the work of Prof. Silvio Micali, who has been honored as one of The Boston Globe’s Tech Power Players 50 for his work in computer science and cryptography. “Micali decided to come up with a more elegant version of the underlying [cryptocurrency] technology, the public database of transactions known as the blockchain,” writes Pressman. “He formed a new startup, Algorand, to pursue a blockchain that would go far beyond bitcoin while reducing costs and electricity usage and speeding up transaction processing.”

Boston Dynamics founder Marc Raibert ’77 has been selected as one of The Boston Globe’s Tech Power Players 50 for his work in artificial intelligence and robotics, reports Hiawatha Bray for The Boston Globe. Raibert recalls how his fascination with developing robot legs was cultivated at MIT. “I went to a presentation where someone showed a very slow-moving legged robot,” said Raibert. “I thought, wow, people and animals aren’t anything like that. ... People and animals have such fantastic locomotion. That was a thing to try to emulate and achieve.”

Overjet, co-founded by Wardah Inam SM ’12 PhD ’16, has been awarded landmark clearance from the Food and Drug Administration to use their software aimed at detecting and outlining cavities in patients’ X-rays, reports Alexandra S. Levine for Forbes. “Everybody has had a dental disease,” says Inam. “People have had good and bad experiences. And moving the industry towards making [a] more clinically precise, efficient patient focus is something that will impact every person in the world.”

Boston Metal, an MIT spinout, has created a new manufacturing method that could help engineers reshape the way in which alloy is made, reports Marcello Rossi for The Atlantic. The process is “called ‘molten oxide electrolysis,’ in which a current moves through a cell containing iron ore,” explains Rossi.

Jerry Ting, co-founder and CEO of Evisort, found inspiration for the AI contracts provider company after working with fellow co-founder Amine Anoun SM ’17, reports Alexandra Sternlicht for Forbes. Ting “realized that firms bill hundreds of dollars per hour for lawyers to simply read documents” writes Sternlicht. “And like most startup founders, he imagined a better way.”

Eureka Robotics, an automation company based in Singapore, has developed their products based on research from MIT and Nanyang Technological University, reports Catherine Shu for TechCrunch. “It [Eureka Robotics] focuses on robotic software and systems to automate tasks that require High Accuracy and high Agility (HAHA),” writes Shu. “Its robots are used for precision handling, assembly, inspection, drilling and other tasks.”

Financial Times reporter William D. Cohan profiles Robert Joseph Scaringe SM ’07, PhD ’09 and his personal and professional career in developing Rivian, an electric vehicle technology company dedicated to building vehicles that change the way we consume fossil fuels. “Scaringe has been pining to run his own car company since he was a 17-year-old growing up on the Atlantic coast of Florida, just south of Cape Canaveral. ‘If you were to go in my bedroom as a kid, you’d find [car] hoods under the bed and windshields in the closet,’ he says.”

Prof. Yet-Ming Chiang ’85, Prof. Craig Carter and Throop Wilder co-founded MIT spinout 24M, which “will manufacture next-generation lithium-ion batteries using its cell technology,” reports Reuters.  

Fast Company reporter Connie Lin spotlights how Algorand, an MIT startup founded by Prof. Silvio Micali, dimmed the lights in Times Square on April 21 to help conserve energy and demonstrate how cryptocurrency could reduce energy consumption. Algorand has developed a carbon-negative blockchain protocol and “utilizes a pure proof-of-stake consensus mechanism to verify authentic transactions.”

Satellite Bio, a startup co-founded by Prof. Sangeeta Bhatia, aims to create “tissue implants to ‘repair, restore, or even replace’ diseased or dying organs,” reports Ryan Cross for The Boston Globe.

Boston Magazine reporter Scott Kearnan spotlights Clover, a farm-fresh restaurant and food truck, created by Ayr Muir BS ’00, SM ’01. “Clover is so confident about its commitment to only using fresh-from-the-farm produce that, believe it or not, it doesn’t have a single freezer in its restaurants,” writes Kearnan.

TechCrunch reporter Kyle Wiggers spotlights MIT startup Amplemarket, a sales enablement company, co-founded by João Batalha ’13, Luis Batalha and Micael Oliveira. “We’ve leveraged our combination of technical backgrounds and applied it to one of the oldest trades: sales,” says J. Batalha.

Newsha Ghaeli ’17 - president and co-founder of Biobot, a public health research, data and analytics firms that has developed and promoted wastewater surveillance technology - speaks with Vox reporter Muizz Akhtar about how wastewater surveillance can be used to predict and prepare for future pandemics. “Our vision is that this is a permanent infrastructure layer on our sewer systems, so that it becomes one of the core kinds of pandemic preparedness in this country and disease surveillance globally,” says Ghaeli.

MIT startup ReadySet, co-founded by Alana Marzoev PhD ’18 and Jon Gjengset PhD ’20, provides database infrastructure to help developers build real-time applications, reports Kyle Wiggers for TechCrunch. “Rather than rebuilding these same broken systems, developers need solutions that slot into their existing infrastructure and achieve limitless read scaling,” says Marzoev. “With ReadySet, we aim to make the process of globally caching… query results as streamlined and automated as caching images in a content delivery system.”

Arun Saigal SB ’13, MEng ’13 and WeiHua Li ’BS ’14 MA ’15 co-founded Thunkable, an online platform developed to make building mobile apps easier, writes Ingrid Lunden for TechCrunch. “Saigal said that its initial focus was on consumers, which in itself is another big concept of the moment, that of the creator economy and users – not professional publishers and others – creating the content that the mass market is consuming,” writes Lunden.