September 18, 2018

VentureClash finalists selected

PHOTO | Connecticut Innovations
PHOTO | Connecticut Innovations
Panoply CEO Yaniv Leven

Nine startups from six countries have been selected as finalists of Connecticut Innovations' (CI) $5 million VentureClash 2018 challenge, the quasi-public agency announced Monday.

Finalists of the global venture challenge, featuring early stage digital health, insurance technology, internet of things and fintech companies, will face off at a live pitch event at the Yale School of Management Oct. 18 to receive investment, mentoring, customer introductions, grants and other services from CI.

A panel of judges will determine a winner for the top prize of $1.5 million and the remaining $3.5 million.

"This year's VentureClash competition has already been another huge success in identifying young and promising companies and introducing them to all that Connecticut has to offer in support of their growth," said Matt McCooe, CEO of Connecticut Innovations.

The finalists, selected after two rounds by a panel of industry leaders and experts, include:

  • IronYun (Stamford): An AI deep-learning, big-data video search business-to-business software company.

  • DOZR (Canada): A marketplace for online heavy-equipment rentals.

  • Invixium (Canada): A manufacturer of biometric products for markets requiring reliable data analytics, user authentication and convenience.

  • CloudKPI (Ireland): An engine enabling software as a service (SaaS) businesses to predict likely outcomes.

  • Kasko (England): A digital insurance arbiter bridging the gap between the digital and insurance economies.

  • Panoply (Israel): A smart data warehouse automatically transferring data to analytics.

  • Paygilant (Israel): A technology that provides fraud protection for mobile payments.

  • Voiceitt (Israel): A proprietary speech-recognition technology that translates unintelligible speech into clear speech.

  • SnapSwap (Luxembourg): Offers technology that builds financial products for consumers and businesses at a lower cost.

More than 300 companies from 20 countries have participated in this year's challenge, which began in June.

In August, CI announced New Britain manufacturer Stanley Black & Decker and property casualty insurer Travelers Cos. each awarded $25,000 innovation grants to semifinalists of the challenge.

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