Startups

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.

TechCrunch reporters Christine Hall, Anita Ramaswamy, Connie Loizos and Mary Ann Azevedo spotlight Sribuu, an AI-powered personal financial advisor in Indonesia, co-founded by Nadia Amalia ’20. The company is aimed at helping “users make better money decisions with our wealth management tools and give personalized saving advice based on their financial habits,” they write.

Research engineer Paul Woskov speaks with Bloomberg Radio host Tom Moroney and Joe Shortsleeve about his work with Quaise Energy in developing a laser to drill holes into the earth. “There is a lot of heat contained within our planet. The amount of heat that is present, if tapped, could supply all of our energy needs for several million years,” says Woskov.

Cary Lin MBA ’16 co-founded Common Heir, a clean and plastic-free beauty company dedicated to creating “a high-impact line of skincare that had a low impact on the environment,” reports Geri Stengel for Forbes.

Researchers from MIT and MIT spinoff Quaise Energy speak with Boston Globe reporter David Abel about their work developing a new way to drill as deep as 12 miles into the Earth’s crust, using a special laser, which could provide a way to tap the geothermal energy in the rocks. “This is game-changing,” Woskov said. “We now have the potential to exploit an energy source that . . . could unleash the virtually limitless supply of energy beneath our feet.”

MIT startup Volta Labs is developing a new instrument that can automate the processes used to prepare genetic samples, reports Emma Betuel for TechCrunch. CEO and co-founder Udayan Umapathi ’17 is confident that with the right programming, the platform could allow “liquids to be manipulated in even more complex ways, like using magnetic fields to draw certain molecules out of samples for further analysis,” writes Betuel.

Boston Globe reporter Hiawatha Bray spotlights how a number of MIT spinoffs are working on changing the world’s energy-storage systems. “Behind these companies are key technological advances in chemistry and materials, many of them pioneered at the Massachusetts Institute of Technology,” writes Bray. “These breakthroughs have put battery startups at the forefront of the region’s climate-tech sector.”

Prof. Yet-Ming Chiang and his colleagues are developing a new, inexpensive iron-air battery technology that could provide multi-day storage for renewable energy by 2024 through their startup Form Energy, reports Anuradha Varanasi for Popular Science. Chiang explains that “the battery can deliver clean electricity for 100 hours at a price of only $20 kilowatts per hour – a bargain compared to lithium-ion batteries, which cost up to $200/kWh,” writes Varanasi.

Quipu Market, co-founded by Mercedes Bidart ’19, Juan Cristobal Constain ’18 and Gonzalo Ortegoa ’19, was named one of Fast Company’s most innovative companies in Latin America, reports Fast Company reporter Adam Bluestein. Quipu Market is “a web-based and mobile platform that allows individuals and small entrepreneurs in low-income communities,” writes Bluestein, “to conduct trade using virtual tokens, helping microbusinesses gain visibility and build creditworthiness even without access to formal banking.”

TechCrunch reporter Brian Heater spotlights MIT startup Strio.AI, which is aimed at bringing autonomous picking and pruning to strawberry crops.

Axios reporter Erin Broadwin spotlights Dimagi, a digital tool for health workers in remote areas that was started by researchers from the MIT Media Lab and the Harvard-MIT Health Sciences and Technology program.

OPT Industries, an MIT spinoff, has created InstaSwab, a nasal swab “up to 20 times more effective in bacterial sample elution,” reports Brian Heater for TechCrunch. “With the ability to print around the clock, the firm also believes it can play a pivotal role in addressing supply chain concerns — a long-time goal for additive manufacturing,” writes Heater.

WBUR reporters Bruce Gellerman and David Greene spotlight Form Energy, a startup co-founded by MIT scientists with the mission to find a low-cost way to transform the global electric system. The startup “had a eureka moment when they thought about harnessing the rusting process to power batteries,” write Gellerman and Greene. 

Sajith Wickramasekara ‘15 and Ashu Singhal ’11 co-founded Benchling, a software company designed to make it easier to keep track of laboratory data. The company has now acquired Overwatch, a software company for customers working in preclinical biopharma research, reports Alex Knapp for Forbes. “It [the acquisition] fits really nicely in the direction our company is heading,” says Wickramasekara. “It really helps us extend our offering, especially for biopharma where we’re growing a lot.”