Startups
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IOActive may not be a household name but you almost certainly know its work.
The Seattle-headquartered company has been behind some of the most breathtaking hacks in the past decade. Its researchers have broken into in-flight airplanes from the ground and reverse engineered an ATM to spit out gobs of cash. One of the company’s most revered hackers discovered a way to remotely shock a pacemaker out of rhythm. And remember that now-infamous hack that remotely killed the engine of a Jeep? That was IOActive, too.
If it’s connected, they will bet that they can hack it.
IOActive has made a name for itself with its publicly reported findings, but its bread and butter is helping its corporate customers better understand how they approach security.
Since its founding more than two decades ago, the penetration testing and ethical hacking company now serves customers mostly in the Global 1000 largest companies to help assess and test their security posture.
“You can have the absolute most sophisticated alarm in the entire world, and I guarantee our team can break in,” said Jennifer Steffens, IOActive’s chief executive, in a call with TechCrunch. “But if you left your front door unlocked lock, hackers are going to walk right through”
“Don’t pay us to show you how to break into the alarm before someone learns how to lock the door,” she said.
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Children on the autism spectrum often suffer from other medical conditions. As many as one-fifth of those diagnosed with the neurodevelopmental disorder, which affects communication and behavior, have epilepsy, for example, according to research on the subject.
Probably Genetic, which recently graduated from the startup accelerator Y Combinator, wants to test the DNA of children with autism to provide them early diagnoses of more than 15 severe genetic diseases that are often grouped under the initial autism diagnosis. Using machine learning and direct-to-consumer DNA tests, Probably Genetic hopes to provide families of children on the spectrum with more complete and correct diagnoses and a path to appropriate treatment and therapy.
“There is really low awareness still in the medical community for a lot of these diseases,” Probably Genetic co-founder and chief executive officer Lukas Lange tells TechCrunch. “The actual testing happens really really late in the process … Even once you decide that you want to get your kid genetically tested, that process itself is really difficult because if you don’t have a physician in favor of it, patients spend months lobbying to get the test done.”
The startup, which plans to launch this summer, is backed with venture capital funding from Khosla Ventures, TenOneTen Ventures, the Oxford Angel Fund and angel investors. Lange, a current PhD candidate in bioinformatics and genetics at the University of Oxford, said the company is keeping the precise amount of capital they’ve raised private, citing a focus on building the best service for special needs families.
“We measure ourselves by how many families we’ve helped, as opposed to how much money we’ve raised,” Lange said.
Unlike 23andMe, which similarly provides genetic testing direct-to-consumer, Probably Genetic is patient-initiated physician-ordered testing, meaning a physician is in the loop throughout the entire process and a DNA test must be deemed “medically necessary” by a Probably Genetic physician — the company partners with several doctors — before it can be ordered.
Probably Genetic performs whole-exome sequencing, a process that can cost upwards of $5,000, to test for genetic disorders in children already diagnosed with autism. Lange said the team is still determining the price of its genetic tests, but assures it will fall under $1,000, or significantly less than other options on the market. Unfortunately, the tests will not be covered by insurance.
The company doesn’t perform genetic sequencing in-house, rather, it partners with a U.S.-based clinical sequencing provider accredited by the College of American Pathologists (CAP) and certified through Clinical Laboratory Improvement Amendments (CLIA). Probably Genetic also partners with a bioinformatics service provider that’s plugged into the lab for data analysis purposes.
Parents of children with autism oftentimes have difficulty having their children tested, as Lange mentioned. Not only are these tests costly and infrequently covered by insurance, but they are also not offered by general care practitioners. A family has to receive a referral from their doctor to visit a specialist who will then have the test ordered. Using Probably Genetic, Lange and his co-founder, chief technology officer Harley Katz, hope to create a one-stop shop for complete and early diagnoses, access to genetic counseling services, and information and resources for families of people on the spectrum.
The genetic counseling services, which exist to help families better understand the results of their genetic tests, will be offered through an external service provider initially. In the long-term, Lange said, Probably Genetic will consider hiring their own full-time counselors.
Lange met Katz, a PhD in theoretical astrophysics from the University of Cambridge, six years ago. The pair quickly realized a common interest in accurate diagnosis, or lack thereof, before they decided to focus on autism and its associated conditions.
“We initially thought we are going to build a catch-all for 7,000 different rare diseases,” Lange said. “Pretty quickly we realized a whole lot of people coming to your door have undiagnosed diseases but not all are genetic in nature so if you try to build a catch-all you wouldn’t be able to help a lot of people. So we decided let’s focus on one area that has a much higher likelihood that the patients that come through your door actually have something genetic.”
According to a 2018 report from the Center for Disease Control and Prevention, one in 59 children is diagnosed with autism. Boys are four times more likely to be diagnosed than girls.
“There’s a big opportunity here to focus on a category that we know already genetics plays a huge role but still an opportunity to find kids who don’t ‘just have autism’ but where there is actually something bigger at play and autism is only a part of their disease presentation.”
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William Hockey, co-founder, chief technology officer and president of the fast-growing fintech business Plaid, will step down next week, TechCrunch has learned.
The former Bain associate (pictured above left) co-founded the startup in 2012 alongside chief executive officer Zach Perret. Today, the San Francisco-based company employs 300 with additional offices in Salt Lake City and New York.
Plaid has confirmed the news, stating that Hockey will remain on the company’s board of directors.
“This conclusion was neither a rash nor a recent decision,” Hockey writes in a blog post shared with TechCrunch. “Over the past couple of years, I have known that there would come a point at which I would choose to move to a purely strategic and advisorial role.”
Most companies should be constantly running running at least one exec search. Post-product/market fit, the limiting factor to scale generally derives from some version of not having enough great leaders.
— Zachary Perret (@zachperret) June 18, 2019
Plaid builds infrastructure that allows consumers to interact with their bank account on the web, powering a number of third-party applications, like Venmo, Robinhood, Coinbase, Acorns and LendingClub. It rose to prominence recently, closing a $250 million Series C investment at a $2.65 billion valuation late last year. The deal was led by famed venture capitalist and author of the Internet Trends report Mary Meeker, who’s joined the startup’s board of directors.
In total, Plaid has secured $310 million in venture capital funding from Andreessen Horowitz, Index Ventures, Norwest Venture Partners, Coatue Management, Goldman Sachs, NEA, Spark Capital and others.
Plaid has integrated with 15,000 banks in the U.S. and Canada and says 25% of people living in those countries with bank accounts have linked with Plaid through at least one of the hundreds of apps that leverage Plaid’s application program interfaces (APIs) — an increase from 13% last year. Last month, the company launched its fintech platform in the U.K.
“As we’ve done in the U.S., Plaid will become the foundation for that growth by providing access to a financial network that allows developers to deliver the experience users expect from their financial apps,” the company wrote in a blog post.
TechCrunch participated in a panel discussion with Hockey and Brex CEO Henrique Dubugras last month, in which Hockey gave no indication of impending plans to leave the business. In fact, taking off just as Plaid amps up its global expansion efforts and accelerates growth is strange timing for a founder to depart.
Oftentimes, when a startup co-founder steps down from the C-suite, it’s to make room for a more experienced executive to lead the company through periods of fast growth. Recently, for example, Lime announced its co-founder Toby Sun would transition out of the CEO role to focus on company culture and R&D. Brad Bao, a Lime co-founder and longtime Tencent executive, assumed chief responsibilities.
Other times, it comes amid turmoil. Mike Cagney’s departure from SoFi, of course, is an example of this. One month after reports of a sexual harassment and wrongful termination lawsuit against the online lending business surfaced, SoFi announced Cagney would step down.
In Hockey’s case, the move was planned and calculated, he said. Plaid chief operating officer Eric Sager, who joined earlier this year, Perret and other executives will take over engineering and product reports, among Hockey’s other responsibilities.
“In tech, it has historically been taboo to talk about founders or executives transitioning to different roles inside companies,” Hockey writes. “Leadership transitions need to become a bedrock of any company that desires to endure across decades.”
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Startup SafeAI, powered by a founding talent team with experience across Apple, Ford and Caterpillar, is emerging from stealth today with a $5 million funding announcement. The company’s focus is on autonomous vehicle technology, designed and built specifically for heavy equipment used in the mining and construction industries.
Out the gate, SafeAI is working with Doosan Bobcat, the South Korean equipment company that makes Bobcat loaders and excavators, and it’s already demonstrating and testing its software on a Bobcat skid loader at the SafeAI testing ground in San Jose. The startup believes that applying advances in autonomy and artificial intelligence to mining and construction can do a lot to not only make work sites safer, but also increase efficiencies and boost productivity — building on what’s already been made possible with even the most basic levels of autonomy currently available on the market.
What SafeAI hopes to add is an underlying architecture that acts as a fully autonomous (Level 4 by SAE standards, so no human driver) platform for a variety of equipment. Said platform is designed with openness, modularity and upgradeability in mind to help ensure that its clients can take advantage of new advances in autonomy and AI as they become available.
“We have seen and experienced deploying autonomous mining truck in production for last 10 years,” explained SafeAI Founder and CEO, Bibhrajit Halder in an email. “Now it’s time to take it to next level. At SafeAI, we are super excited to built the future of autonomous mine by creating autonomous mining equipment that just works.”
While SafeAI doesn’t have product in market yet, it is running its software on actual construction hardware at its proving ground, as mentioned, and it’s working with an as-yet unnamed large global mining company to deploy SafeAI in a mining truck, according to Halder. The company’s plan is to focus its efforts entirely on deploying fully Level 4 autonomy as its first available commercial product, with a vision of a future where multiple pieces of mining equipment are working together “seamlessly,” the CEO says.
Today’s $5 million round includes investment led by Autotech Ventures, and includes participation from Brick & Mortar Ventures, Embark Ventures and existing investor Monta Vista Capital.
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When a company hires talent away from a competitor, onboarding the new employee can pose significant legal risks for both the company and the new employee. A fundamental aspect of Silicon Valley is that employees are generally free to move between competitors.
This unrestricted movement of talent facilitates the robust competition that helps drive the Silicon Valley economy. While this is no doubt positive, unfettered employment mobility also creates unique challenges when it comes to protecting a company’s trade secrets, which are the lifeblood of many Silicon Valley companies.
Because of California’s policies regarding free employment mobility, unlike in most other states, California companies cannot protect their trade secrets with non-compete contracts. So, they instead rely heavily on trade secret laws for protection.
And, of course, when trade secret theft occurs, it is often when an employee transitions from one company to another. Thus, when a key employee gives notice that he or she is leaving for a competitor, it sets off alarm bells for the soon-to-be former company.
Unfortunately, because of the hypersensitivity to protecting trade secrets, many departing employees who have no interest in actually taking their former company’s trade secrets get accused of theft. This allegation can trigger a long, stressful, expensive legal process for both the employee and the new company, and sometimes cost the employee his or her reputation and new job.
This article explains how this situation arises and provides some practical considerations for how the employee transitioning jobs, and the onboarding company, can avoid an unnecessary legal fight.
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NoGood CEO Mostafa Elbermawy describes how they evaluate a client’s growth challenges by quoting Zen teacher Hunryu Suzuki: “In the beginner’s mind there are many possibilities; in the expert’s mind there are only a few.” Rather than deferring to in-house playbooks, NoGood adopts an open mind combined with a methodical, data-driven approach to find untapped growth opportunities for its clients. Learn more about how NoGood came to be and why they’re willing to say no to potential clients.
“Our work is methodical. It’s intentional. We have to talk about it. We are very transparent about what we do and it’s completely process oriented. Hacking is a misnomer. Growth is not about clever shortcuts. It has to be sustainable and repeatable, and if it’s not, we won’t do it.”
“They helped us launch our business. They are our CMO and our CTO. Would recommend to anyone.” Erica Tsypin, Washington D.C., Co-Founder & COO, Steer
“Our success in jumpstarting Steer’s business is one of our proudest accomplishments this year. Steer is an electric car subscription startup that asked us to increase their activations. Basically, our job was to generate new active members, which not only meant encouraging more users to download the app, upload a license, and get approved, but it also meant delivering a car to a member’s door, having them drive that car and leaving a review. We were able to demonstrate signup traction for Steer and help them launch in under three months.”
Below, you’ll find the rest of the founder reviews, the full interview, and more details like pricing and fee structures. This profile is part of our ongoing series covering startup growth marketing agencies with whom founders love to work, based on this survey and our own research. The survey is open indefinitely, so please fill it out if you haven’t already.
Yvonne Leow: To kick things off, how did you get into growth?
Mostafa Elbermawy: Well, I went to school for archaeology, but hieroglyphics weren’t paying the bills, so I taught myself how to code and started a web design studio after college. I started building websites for clients, and they started asking me how to drive more users to their sites to help grow their business.
I started tinkering with growth out of curiosity, and eventually joined the digital experience team at American Express. That job helped me gain some marketing and growth experience, and I ended up falling in love with that part of the job.
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The concept of an IRL heads-up display has been a part of science fiction since basically the beginning. Big players have tried their hand at it with less than stellar results — most notably Google with Glass, and more recently Intel’s Vaunt. But North may have cracked the nut on smart glasses with Focals.
They are not perfect by any stretch of the imagination — they’re slightly heavy and don’t feel quite as seamless as science fiction promised they would — but this may be the best pair of smart glasses yet.
Focals were created by North, a Canadian company backed by Intel Capital, Spark Capital and the Amazon Alexa Fund with nearly $200 million in funding. Around the time Google Glass was released, founders Aaron Grant, Matthew Bailey and Stephen Lake were working on a smart arm band. They were disenchanted, as were many, with Glass and sought to make something better.
Their first priority? Make a great pair of glasses, then outfit them with technology. In order to do that, they had to allow for prescription lenses, which means the lenses of their product had to be curved. This throws a huge wrench in the idea of lens-projected notifications and content, so Focals created its own special projector.
The company also felt that the touchpad on the side of Google Glass was overly cumbersome, leading them to build the Focals Ring to let users navigate the menu.
The Focals are technically AR glasses, but they’re not focused on gaming or content consumption. The product is designed to move notifications from your phone to your sightline. It’s a bit like an Apple Watch for your face.
These notifications include the date and time, the weather, text notifications, email, Slack, Apple News alerts, Uber notifications, sports scores, turn-by-turn navigation and more. Users navigate this content using the Ring, outfitted with a nub of a joystick, which is meant to be worn on the index finger of your dominant hand.
Users can proactively seek information by clicking the joystick and scrolling, but the headset also serves up information in a push notification, including incoming messages and emails.
Importantly, North implemented a smart response system to keep users from having to pick up their phone each time they get a notification. The system gives users two options: choose from a list of smartly generated responses, or use speech-to-text through Focals’ built-in Alexa integration (the system is listening via built-in mic — but wearers have to opt-in during set up).
However, one of the great advantages for the Focals is also one of its weaknesses. The company chose to build a custom pair of glasses that could work with Rx lenses. That also means that the eyebox (the surface where you can see the projection) is smaller than other AR gadgets, which often use waveguides. In other words, your Focals have to be positioned pretty near perfectly to see the image. The company works hard to make sure that’s the case, fitting the glasses to your specific face. But glasses shift and move throughout the day, which means there’s plenty of re-adjusting in order to see the picture.
All that said, the Focals look surprisingly good. In fact, passersby would be hard-pressed to detect that they’re smart glasses in the first place. They aren’t comfortable enough to wear all day — the extra weight on the front means they get a bit uncomfortable after a few hours. But overall, these are pretty discreet as far as smart glasses go.
It’s a relatively time-consuming process to get your hands on a pair of Focals. Because the fit and size are so important to usability, users interested in purchasing a pair must go to one of North’s two stores (there’s one in Toronto, and one in Brooklyn, NY).
The visit to the store is by appointment. Upon arrival, store associates will take you into a booth where you’ll sit before 11 cameras that will 3D model your head, determining where your eyes and ears sit relative to the rest of your face. The cameras also try to understand your gaze.
From there, you get a demo with a standard (not fitted) pair of Focals, during which you learn how to align the Focals and use the Ring. It takes a few weeks for your custom-fit Focals to be ready to pick up, at which point you go through a final sizing with an optician.
It’s tedious, and will be difficult for the company to scale, but it’s part of what gives Focals an edge in quality. Luckily for folks outside of Toronto and NY, Focals is heading off on a pop-up tour. You can check out the tour dates and locations here.
“Why?” is perhaps the toughest question to answer when it comes to the Focals. The goal, as outlined by the company, is to keep you connected to the digital world without taking you out of the real world. In short, stop looking down at your phone.
That said, Focals also take away the option. When your phone rings, or even when your Apple Watch buzzes, you have a choice to make: look down, or ignore. When you’re wearing the Focals, that decision is eliminated.
For this reason, I feel like this product is meant for early adopters and folks who enjoy being ultra-connected to the digital world. If you’re already addicted to the sweet chime of your phone, the Focals may very well keep you more connected to the real world, and potentially save your neck from some stiffness. But if you do well to live in the real world and don’t appreciate the constant flow of notifications to your phone, the Focals likely won’t help you maintain that separation.
There are also some minor issues with the Focals themselves. The Ring isn’t super comfortable, particularly when typing on a computer (something most of us spend hours each day doing). The Ring also seems like something that would be very easy to lose or break — this hasn’t happened to me yet, but I wouldn’t be surprised if it did. (For now, North is replacing broken Rings for free.)
With the Focals themselves, I’d like to be clear when I say that I was pleasantly surprised with the overall experience. The UI is pleasant to look at, and the little chime of a notification that whispers in your ear is most certainly addictive.
However, I found my eyes getting tired after more than an hour wearing the Focals. Using the Focals means that you’re constantly changing the focus of your eyes from close to far away, which can be tiring. Moreover, if the glasses shift a bit on your face, the text of the notification can become fuzzy, making the experience even more tiring.
Plus, the glasses are built to bend halfway through the arms, as opposed to where the arms meet the frames. This means you can’t hang the Focals off the front of your shirt, which is an admittedly minor gripe, but it bugged me throughout the review process.
Add to that the fact that Focals start at $600 and this product is really for technophiles. For now.
North is on the right track. The company is constantly developing new features that are released each week — they recently launched Google Fit support to check your steps, as well as language lessons to brush up on your French during your walk to work. And they’ve started with the right priorities in mind. The Focals are fine looking glasses, and in general, the tech works. Now it’s about refinement.
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We interrupt your regularly scheduled programming to bring you an important message: You have just four days left to buy your pass to Disrupt San Francisco 2019 before the super early-bird price expires on June 21 at 11:59 p.m. (PT).
There’s a pass priced for every budget (even yours), and you can spread your payments over time when you select the payment plan option during checkout. But once that deadline hits you can kiss up to $1,800 in savings goodbye. Disrupt SF 2019 offers fantastic ROI at any price, but why pay more? Buy your pass now to make the most of your investment.
Speaking of investments, we’re thrilled to partner yet again with All Raise, a startup nonprofit focused on accelerating female founder and funder success. Don’t miss this mini-series of 30 ask-me-anything sessions. You’ll connect with other entrepreneurs and have a chance to ask top investors, well, anything. You’ll find more details and sign-up information here.
Come to Disrupt ready to network with more than 10,000 attendees. If that sounds a tad daunting, fear not. CrunchMatch, our free business match-making service, takes the pain out of networking — and saves your aching feet, too. It helps you find and connect with the right people based on mutual business criteria, goals and interests. Search, find, schedule, meet. It’s that simple.
Nothing but opportunity awaits in Startup Alley. More than a thousand early-stage startups and exhibitors will fill the exhibit hall and showcase a wealth of tech products, services and talent. Want to exhibit there? We have two options for you.
Purchase a Startup Alley Exhibitor Package or you can apply to the TC Top Picks program and exhibit in Startup Alley for free. Applications for TC Top Picks close on July 19, and you have until September 13 to buy your Disrupt SF Startup Alley Exhibitor Package.
And of course don’t miss the crown jewel of every Disrupt: Startup Battlefield, TechCrunch’s epic pitch competition. You can watch it live and cheer on your favorites or you can apply to compete — just be sure to fill out the Startup Battlefield application by June 25th at 11:59 p.m. (PT).
So many great reasons to attend Disrupt San Francisco 2019 on October 2-4. Since you’re going, why not get the best ticket price possible? The super early-bird price expires on June 21 at 11:59 p.m. (PT). Buy your pass today, and we’ll see you in October!
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Not even two years into its existence, orbital fuel supply startup Orbit Fab has chalked up a big win — successfully supplying the International Space Station with water, a first for any private company. It’s a big deal, because providing water to the ISS involved a multi-day refueling process, done in microgravity, using processes and equipment Orbit Fab developed itself.
The key ingredient here, per ISS U.S. National Laboratory COO Kenneth Shields, which was the contracting agency for Orbit Fab’s refueling test, is that this method of resupply is totally out of spec in terms of how this process was designed to work on the ISS. By creating and successfully demonstrating a system that the ISS designers never conceived, Orbit Fab has shown that both private companies and NASA have the flexibility needed to build business models on existing space infrastructure.
The technology Orbit Fab developed and demonstrated has broader applications than just moving water around in space. Water was used in this example specifically because it’s one of the most inert propellants used in spaceflight thrusters, but the methods could extend to other common propellants, and make it possible to refuel satellites in orbit. Orbit Fab is working toward establishing standards for satellite refueling interfaces to be used in orbital hardware, which could go a long way toward making it common practice to develop reusable satellites, instead of sticking with the more or less disposable hardware model used today.
Startups like Orbit Fab are the key to unlocking true commercialization of space, by identifying points in the value chain where innovation or improvement can lead to cost or resource efficiencies and ensure that space business is actually also viable business, in terms of profit potential.
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GoTenna is best known for its outdoors-oriented consumer products that let you text and share locations between smartphones off the grid. But the company has found that government work — military, fire, rescue — is the real market, and is pursuing it with a vengeance on the strength of a $24 million funding round.
“We’ve been busy!” said Daniela Perdomo, founder and CEO of the company, in an interview. “We have a good problem, which is a technology that can be so foundationally enabling for so many use cases.”
GoTenna’s core tech is mesh networking over radio frequencies normally used for walkie-talkies: long range but low bandwidth. Yet if all you need to send are GPS coordinates or a short message, it’s perfectly sufficient and works great where mobile and satellite connections are impractical. Just turn on the device, smaller than a deck of cards, and you can chat over miles in the middle of nowhere with your climbing partners or back-country ski pals.
In the last couple of years the company has shifted its priorities from consumer tech — the GoTenna and Mesh series of gadgets — to filling the needs of public-sector clients that have been asking for something like this for years.
Firefighters, military operations, local law enforcement, search and rescue — many were using bulky, over-engineered, expensive solutions that haven’t changed much in decades. GoTenna works with nearly any smartphone and instantly creates a mesh network that can span miles, making it perfect for off-grid communications.
Perdomo said this was actually more or less the plan from the beginning.
“It was in my first-ever pitch deck when we raised our seed in 2013, there was this blue-sky vision of how the technology would be used,” she told me. “But it was simpler to launch an MVP to consumers. We always felt that product was going to bring in the public sector. And that’s exactly what happened — when we launched our first-generation product, I think within 24 hours we had a variety of different public sector customers reach out to us.”
“We now have some federal agencies that have been customers through every generation of the product. We sill have our consumer product, and people love it, but it’s a small part of our business compared to the public sector,” she said.
An example of how the interface might look in use. It can relay the locations of other GoTenna devices at intervals, helping teams keep in touch automatically.
While disaster response crews could of course just buy a couple dozen of the regular GoTenna products, they were quick to ask for “pro” versions with features prized by advanced users and military customers.
Longer range, more programmable wireless parameters, compatibility with various legacy systems — the Pro and new ProX versions of the GoTenna system hit a lot of sweet spots. As Perdomo told me when the Pro first came out, legacy systems are powerful in some ways but can also be horribly expensive, incompatible with foreign wireless systems or even have legal restrictions on where they can be used.
For a cash-strapped NGO that goes around doing global aid, a $100-$500 gadget that turns an ordinary phone into a versatile mesh node is potentially game-changing. (You can also use them to temporarily replace destroyed communications infrastructure.)
But deep-pocketed federal agencies and military branches are also shelling out for the devices, and increasingly for the software support contracts that go with them. GoTenna’s Aspen Grove is a proprietary mesh network protocol that they’ve engineered to be faster and more robust than anything else out there. I’d exert a little skepticism here normally, but from what I’ve seen, the systems GoTenna is replacing or augmenting aren’t exactly competitive.
In fact, GoTenna’s next major hardware project is to create a mesh networking board that can be integrated right into existing hardware, simplifying the systems and baking its protocols in even deeper.
“We have a long list of companies that want to integrate our tech into vehicles, aircraft, anything you can think of,” Perdomo said. “So you can put one of these babies on a UAV and let ‘er rip! Our record range, point to point from a UAV, is 69 miles.”
Meanwhile the company is also releasing a broader open-source mesh platform called Lot 49 that’s meant to be capable of supporting a global messaging infrastructure without relying on any wireless providers. That could be a big deal for Internet of Things-type devices as well.
Interestingly, Perdomo doesn’t feel threatened by the new and rather scary kid on the block: communications satellite constellations like Starlink and OneWeb. If the idea is that GoTenna lets you communicate where the grid doesn’t reach, what happens when the grid is global?
“No matter how many satellites you put up, repeaters you put up, cables you lay down, you always have that last mile. You need resiliency, access, and I believe neutrality as well,” she said. And indeed you’re not going to take a Starlink ground station with you on a covert operation or into an active wildfire. And having an existing, ongoing business agreement with a satellite communications provider may not even be desirable in the first place.
“There’s a reason why certain incumbents in the tactical radio space as well as carriers are partnering with us,” Perdomo pointed out — and indeed Comcast Ventures is a new face among the investors. “We’re creating a new layer in the communications stack, mesh networks with a focus on bursty data. I think of us as perfectly complementary to every other communications company.”
As for that funding, it will go toward easing the rapid growth the company is experiencing, finishing the pro and embedded options, hiring up and expanding operations to support their growing services business. The $24 million round was led by Founders Fund, with participation from Comcast Ventures and existing investors Union Square Ventures, Collaborative Fund, Walden VC, MentorTech and Bloomberg Beta.
“We’ve been in R&D for a really long time,” Perdomo said. “It’s exciting now to also be becoming a business. All of the most impressive mainstream telecommunications technologies we use today, things like the internet or GPS, they hit it out of the park with the public sector first. If you can win there, in life or death situations, you know you can win everywhere else as well.”
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