Thalmic Labs is a company that is known for developing an armband called the MYO. The MYO armband lets you wireless control your PC, phone, and other devices using gestures. The MYO control device can pick up electrical activity through your muscles and it uses Bluetooth 4.0 Low Energy to communicate with other devices. The first version of MYO was able to recognize around 20 gestures. The MYO hit over 30,000 preorders from 138 countries and brought in over $4 million for manufacturing.
Y Combinator Posts
Y Combinator Names Andrew Mason, Kevin Hale, Michael Seibel, Steve Huffman, and Dalton Caldwell As Partners
Paul Graham, the co-founder of Y Combinator, wrote in a blog post that the seed accelerator program has hired Andrew Mason, Kevin Hale, Michael Seibel, Steve Huffman, and Dalton Caldwell as partners. Kevin Hale will be a full partner and the others will be part-time partners.
Strikingly is a do-it-yourself website that has raised $1.5 million in a seed round of funding. The investors in this round include SV Angel, Index Ventures, Infinity Venture Partners, Funders Club, Innovation Works, Kevin Hale, TEEC Angel Fund, ZenShin Capital, Y Combinator, and several other angel investors. Strikingly participated in the Y Combinator accelerator program during winter 2013.
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CrowdMed is a startup that passed through the Y Combinator accelerator program in the Winter 2013 class. CrowdMed uses crowdsourcing to speed up the level of diagnosing rare medical conditions. CrowdMed believes that by crowdsourcing medical data and applying patented predictive technology, they can help users identify the medical conditions that patients have. CrowdMed estimates that people have saved over $2.9 million in healthcare costs by using crowdsourcing. CrowdMed has raised $1.1 million in seed funding from New Enterprise Associates, Andreessen Horowitz, Greylock Partners, Y Combinator, and SV Angel.
Close.io is a sales-as-a-service startup company that focuses on helping sales people improve customer management. Spun out of the Y Combinator startup accelerator program, Close.io has raised additional funding from Michael Birch (Bebo co-founder), Spark Capital, SV Angel, and David Tisch. Close.io used to be called ElasticSales.
Balanced is a company that offers payment processing, escrow, and payout features using one simple API. The company has raised a $3.4 million seed round of funding. Of that total amount, two million dollars was added recently by Andreessen Horowitz, CollabFund, and various angel investors. The initial $1.4 million of the seed round was from SV Angel, Brian Chesky (Airbnb CEO), Ashton Kutcher, Yishan Wong (Reddit CEO), and several others.
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Crowdtilt is a crowdfunding company that spun out from Y Combinator. Crowdtilt has raised $12 million in Series A funding from Sean Parker, Andreessen Horowitz, CrunchFund, DCM, and Felicis Ventures. Before this round, Crowdtilt raised $2.1 million in seed funding this past May from SV Angel, CrunchFund, Paul Buchheit, Alexis Ohanian, Harj Taggar, Garry Tan, DCM, and Felicis Ventures.
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Sift Science is a company that has raised $5.5 million in funding to help fight fraud. Investors that participated in this round include Y Combinator, SV Angel, Start Fund, Alex Rampell, Harj Taggar, Garry Tan, Lee Linden, Kevin Scott, Alexis Ohanian, Rich Barton, Union Square Ventures, First Round Capital, Founder Collective, Max Levchin, Chris Dixon, Marc Benioff, and several others. Sift Science has created technology that helps e-commerce companies, payment companies, and retailers detect fraudulent activity. Albert Wenger of Union Square will be joining Sift’s board of directors.