simmachines.com | Software as a Service – Machine Learning | Chicago, IL
Most people have probably heard of Machine Learning, (“ML”) and know that it is capable of making predictions based on large amounts of data. What ML companies such as IBM Watson have been unable to do, however, is tell the user the underlying causes for the prediction. It’s one thing to predict that a certain percentage of customers will not renew their auto insurance policy, it’s another to know why they will not renew. simMachines solves this problem, as it is able make such a “Prediction with the Why.”
simMachines is a ML company focused on the advertising and marketing industry, as there is an enormous need for such a product in this industry. Marketers currently spend a large amount of time developing marketing campaigns and models using statistical modeling techniques using large amount of static data. With simMachines, they will be able to develop dynamic and more accurate market segments, and receive predictions in seconds, resulting in more precise campaigns at a lower cost. In addition, consumers now expect more real-time interaction with businesses, and simMachines, with its accurate and fast prediction model, is a vast improvement over current ML solutions.
The Company’s founder and Chief Technology Officer is a widely recognized data scientist and leader in the development of Machine Learning. The Company also graduated from Microsoft’s elite accelerator program, beating 720 companies for one in ten spots. The software is currently being used and/or tested by a number of major organizations, and is positioned for rapid growth in a market estimated to exceed $5 billion within five years.
https://getsynap.com | Software as a Service – CRM | Chicago, IL
In many companies, 80% of the lifetime revenue from a customer comes after the initial sale. Yet traditional Customer Relationship Management (“CRM”) products have focused only on finding, closing, and supporting clients. One category that has not been addressed by the existing CRM providers is managing and growing the customer (“Account Management”). Synap fills the void in this $5 billion market with an easy to deploy Software as a Service (“SaaS”) solution.
Currently, the account management function in most businesses is performed using spreadsheets and Word documents. Synap’s software replaces this manual/cumbersome process with an easy to deploy product requiring little technical support. The software instantly connects to each user’s email account, creating a complete contact and company database. Synap also integrates with any existing CRM software an organization may be running (e.g. Salesforce), resulting in a seamless installation process. Once installed, users can immediately begin creating custom views of their customers, build account plans, and track upsell opportunities. Synap accumulates every major touchpoint a customer has with an organization, providing account managers and others in the company the tools they need to manage and grow their customer relationships.
The CEO of Synap most recently built a SaaS company which provided solutions for the CRM and portfolio management functions for the alternative asset management industry, growing this business to annual revenues of $30 million.Synap received early funding from a number of well - known Midwest based VC firms, and was referred to VCapital by Chris Gladwin, the CEO of VCapital portfolio company Cleversafe, which was sold to IBM for $1.3 billion.Synap has an extensive and sophisticated marketing program in place, and expects to quickly ramp up revenue in 2017 as businesses come to realize the value and ease of use of the software.
www.vcapital.com | Financial Services | Chicago, IL
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Our team invested $2.3 million in Intensity Therapeutics and raised an additional $1.5 million for the Company. Intensity Therapeutics is pioneering a new field of cancer treatment – in situ vaccination – to eliminate metastatic disease and prevent cancer from recurring.
Cleversafe is a marketplace leader in dispersed storage technology for unstructured data in the petabyte-plus range. Cleversafe was acquired by IBM in 2015 for $1.3 billion.