Startups

Ifueko Igbinedion PhD ’22, Marlyse Reeves PhD ’22 and Wharton alumni Isoken Igbinedion, and Simone Kendle founded Parfait, a company that uses technology to more efficiently design and create wigs, reports Ron Miller for TechCrunch. “The four women have built a solution that lets women simply choose a wig and answer a series of questions to come up with the final design,” explains Miller. “They have mixed this with machine learning to help with sizing and proper tinting, while bringing in human stylists to make the final decisions when needed.”

Professor William Oliver, graduate students Bharath Kannan and Tim Menke, Principal Research Scientist Simon Gustavsson, Shereen Shermak MBA ’97, Youngkyu Sung PhD ’22, and former research scientist Jonas Bylander founded Atlantic Quantum, a company that aims to improve the basic hardware behind quantum computing, reports Ariyana Griffin for Forbes. “The focus on Atlantic Quantum is building hardware that improves the ‘coherence’ of quantum computation, which reduces the errors that are the major speed bump for these machines,” writes Griffin.

CAMP4, a startup founded by Prof. Richard Young, is developing a new class of RNA-based therapies to treat genetic diseases, reports Ryan Cross for The Boston Globe. The “startup’s experimental approach will allow it to dial up the output of genes to treat genetic diseases, with an initial focus on a severe form of epilepsy and life-threatening live diseases,” writes Cross.

Fast Company reporter Nate Berg spotlights the work of Liminal, a non-profit research group developed by students from MIT and Harvard that is focused on sustainable development in small towns. “Liminal brought 18 architecture and urbanism students from MIT to Abruzzo for a three-week immersion in the region,” writes Berg, “to learn about local priorities and develop design visions for the future of its small towns.”

Research affiliate Jason Prapas founded Fyto, a company dedicated to developing hardware and software to automate and scale the production of aquatic plants, reports Christine Hall for TechCrunch. Prapas says that “Fyto’s technology taps into a farm’s waste streams as inputs to enable farmers to increase productivity and improve nutrient management while reducing production costs, water usage and greenhouse gas emissions, in some operations by over 50%.”

Ambri, an MIT startup that has developed a liquid-metal battery that can be used for grid-level storage of renewable energy, has announced that it is months away from delivering its first battery to a customer, reports Jacob Wycoff for CBS Boston. "We want to have a battery that can draw from the sun even when the sun doesn't shine," said Prof. Donald Sadoway of the inspiration for Ambri’s battery.

Francis Plaza ’13 co-founded PayMongo, a fintech firm designed to digitalize the Philippine’s cash-based economy, reports Catherine Wang for Forbes. “PayMongo now not only plans to expand beyond the Philippines to other Southeast Asian countries, but also to broaden its remit by becoming a platform for scaling small business in the region,” writes Wang. 

Alumnus Andrew Lau co-founded Jellyfish, an engineering management software platform designed to assess contextual business data and engineering signals to promote transparency into how engineering organizations work and operate, reports Bruce Rogers for Forbes. “We know leading a large engineering team is hard, not because necessarily of the coding, it's actually the intersection of technology and the business” says Lau.

VulcanForms, an MIT startup, has developed a 3-D printer that can “generate 100 times the laser energy of most 3-D printers, and can produce parts many times faster,” reports Steve Lohr for The New York Times. “Additive manufacturing lets us rethink how we build things,” explains Martin Feldmann MEng ’14, co-founder, president and CEO of VulcanForms. “That’s where we are now, and that’s a big change.”

Infinite Cooling, an MIT startup, is developing a new system that can capture water from cooling tower plumes and could significantly reduce water consumption in evaporative cooling tower systems, reports Sonal Patel for Power Magazine. “The technology that is developed could lead to significant water savings and improve water quality with minimal energy cost,” explained members of Prof. Kripa Varanasi’s lab.

Researchers from MIT’s Plasma Science and Fusion Center (PSFC) and Commonwealth Fusion Systems (CFS) are working on making commercial nuclear fusion a reality, reports Juandre for Popular Mechanics. “CFS will build [the tokamak] SPARC and develop a commercial fusion product, while MIT PSFC will focus on its core mission of cutting-edge research and education,” says Prof. Dennis G. Whyte, director of the PSFC. 

TechCrunch reporter Christine Hall spotlights Anwar Ghauche MS ’10, CEO of Constrafor - a construction procurement platform that streamlines information, payment, and documentation between general contractors and subcontractors. “Subcontractors get hired on the project, and when they finish their first month of work, submit an invoice and then wait an average of 45 to 60 days — even up to 80 days — to get paid,” says Ghauche.  “Meanwhile, they are buying equipment and borrowing money to be able to do all of this work. You’re not borrowing at a cheap rate, either, because most banks barely touch them.”

Jake Guglin MBA ’19, Jasper Lienhard PhD ’22, Prof. Chris Schuh and University of California Irvine Prof. Tim Rupert have founded Foundation Alloy, a vertically integrated metal part production platform specializing in manufacturing high performing metal parts, reports Ariyana Griffin for Forbes. “By creating stronger metals, we can make lighter parts for planes, cars [which] will make those existing products greener and more efficient,” says Guglin.

India New England News speaks with MIT MBA alumna Dipali Trivedi about her work as a co-founder and mentor, as well as the importance of encouraging women to pursue leadership roles in the companies they have founded. “I enjoy bringing innovation to a complex domain with the help of next generation technology,” says Trivedi. “Seeing your idea materialized and used by thousands of people is an amazing experience, I enjoy solving challenges of launching new venture ground-up.”

InsideTracker - a personalized-nutrition company founded by scientists from MIT, Harvard, and Tufts University - utilizes blood tests to calculate biological age, reports Betsy Morris for The Wall Street Journal. The company analyzes blood samples for “markers of conditions like inflammation, heart health and liver or kidney disorder,” explains Morris. “Those who test as older than their years get recommendations to adjust diet, exercise and supplements.”