MIT spinoff ClearMotion is working on a proactive suspension system that would allow for smoother car rides over rough surfaces, writes Jack Stewart for Wired. The system would use actuators that can actually lift the wheel over bumps and potholes, allowing cars using ClearMotion to “play offense” against potentially damaging patches.
Four MIT alumni have teamed up with chef Daniel Boulud and will soon open Spyce, a fast-casual restaurant in downtown Boston. The restaurant will complete orders using a device the group first created as students, known as the Spyce Kitchen, “a self-cleaning robotic kitchen, designed to prepare an entire meal in less than three minutes,” writes Jay Cheshes for The New Yorker.
Synaps Labs, an adtech startup co-founded by Sloan graduate student Alex Pustov, uses analytics to cater digital billboard advertising to specific individuals depending on the make and model of their vehicle. This technology could also potentially “fund traffic analytics, improve road safety, and allow cities to adopt advances in digital infrastructure faster,” writes Frederick Daso for Forbes.
Media Lab spinout “Ori” has developed what its founder Hasier Larrea SM ’15 calls a “Swiss Army knife for studio apartments,” writes Andy Rosen for The Boston Globe. A “robotic furniture system,” the compact 8 by 5 foot design can equip even the smallest rooms with a bed, multiple desks, closet, and entertainment system.
Endor, a spin-out that originally began at the Media Lab, has acquired $45 million in token pre-sales for its “blockchain-based predictive analytics technology” notes Reuters. “Endor’s platform allows users to key in questions and get predictions as answers. Its tokens can be spent by individuals and data owners to access predictions.”
Experts believe that DropBox, founded by EECS alums Drew Houston ’05 and Arash Ferdowsi ’08, may forge a path for more “unicorn” startups, writes Kate Gibson for CBS News Money Watch. “Demand for its shares is an indication that investors aren't overly worried about rival providers of cloud-storage services, including Microsoft, Google and Amazon.”
The Forbes Boston Business Council recommends the Martin Trust Center as “a great resource for early-stage Boston tech startups,” says Council member Ted Chan. “[C]onnections to people who have found success before are invaluable as you develop as a technology executive.”
Sloan sophomore Kai Kloepfer developed a “prototype of a biometrically secured ‘smart gun’ that could be fired only by its owner,” writes Mark Wallace for Fast Company. “We have to physically integrate our technology into the handgun,” Kloepfer says. “So that means attaching circuit boards and incorporating batteries. There has to be physical space made.”
Dropbox, which was “founded in 2007 by two Massachusetts Institute of Technology computer science students”, has launched its IPO with a valuation of more than $1 billion, writes Matt Phillips for The New York Times.“Dropbox’s initial public offering could pave the way for other unicorns to soon go public.”
MIT Media Lab spin out Affectiva has launched AI software that tracks drivers' emotions, energy, and distraction levels, writes Sasha Lekach of Mashable. The system uses “face and head tracking with near-infrared and RGB cameras” to measure facial expressions and emotions and listen for sounds, explains Lekach.
Cogito, a Media Lab spinout, is used by MetLife to “detect signs of distress and other emotions in a customer’s voice,” writes Tom Simonite for Wired. The program helps customer service representatives more consistently use an appropriate tone when handling often sensitive customer calls.
Open Style Lab, which started as a project at MIT's Priscilla King Gray Public Service Center, designs tech-based clothes for people with disabilities. "Technology is a big part of the design process at Open Style," reports Magdalena Petrova for CNBC, and the lab looks to "expand its reach by partnering with tech companies and hospitals to bring its designs to life.”
The Economist highlights MIT spinout ClearMotion, which developed a suspension system that utilized bumpy roads to generate electricity. Later, the team realized that their system also created a smoother ride, when ran in reverse. “The effect is to level out a rough road by pushing the wheels down into dips and pulling them up over bumps.”
Pilot, a startup founded by MIT alumni, automates bookkeeping and can integrate data into existing expense tracking software. The service, which still uses humans to organize and structure the data, “has now raised $15 million” in financing, writes Matthew Lynley of TechCrunch.
Nellie Bowles of The New York Times writes about Dropbox CEO Drew Houston ’05, one of the few tech startup founders who stayed with their company from inception to its initial public offering. “Founders like him [typically] get pushed aside for someone with a finance or management background,” said Jeffrey Mann, a VP at research firm Gartner. “But he managed to stay there.”