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.”
Prof. Bill Aulet and Aman Advani ’13, CEO of Ministry of Supply, speak with Brian Burnell of NECN about The Martin Trust Center for MIT Entrepreneurship and why it’s a great resource for students. "We came in with enough humility to know that we didn’t know what was next,” said Advani, “and that’s where the Trust Center was such a helpful resource.”
MIT startup Ministry of Supply has developed a jacket that utilizes AI to keep its wearer warm. “The jacket…can also be voice-controlled through devices like the Amazon Echo or manually with an app,” writes Erin Black for CNBC.
This year, MIT’s Global Startup Workshop (GSW), a student-run “conference on innovation and technology,” will take place in Bangkok, writes Jon Russell of TechCrunch. “We’ve been focusing more on emerging markets because it’s such an exciting space to be in and it’s a space where GSW can have the most impact,” said graduate student and organizer Juan Ruiz Ruiz.
Alumnus Mark Ethier ’01 talks to NECN’s Brian Burnell about his startup, iZotope, that allows musicians of all levels to record professional grade audio. “I was a passionate musician, who wanted to make recordings, and I understood the technology, but the tools out there were really complicated,” Ethier said.
Astranis, a startup co-founded by alum Ryan McLinko, is building smaller and less expensive satellites for the purpose of providing internet access. “[T]he company just might be able to bring affordable high-speed internet to places where laying fiber isn't practical, such as the Pacific islands,” writes Klint Finley for Wired.