Blackstone Accelerates Growth

Blackstone Accelerates Growth (BxG) creates jobs and economic development through entrepreneurship and growth. They work with their partners to create statewide programs with coordinated, focused activities to accelerate companies, connections, and the next generation of Maine entrepreneurs. They operate as part of the Blackstone Charitable Foundation, a $50 million Entrepreneurship Initiative to support innovative programs that drive job creation.

Mike Kirkman

Managing Director

4 past transactions

DNAnexus

Series H in 2022
DNAnexus, Inc. is a provider of cloud-based genome informatics and data management tools aimed at enterprises engaged in genomic medicine. Founded in 2009 and headquartered in Mountain View, California, the company offers a platform that facilitates the analysis of raw sequencing data and integration with clinical and phenotypic data, promoting seamless collaboration among users. Key offerings include MOSAIC Microbiome, a platform for collaborative microbiome research; DNAnexus Apollo, which focuses on clinico-genomic data exploration; and DNAnexus Titan, a comprehensive data analysis solution. Additionally, DNAnexus Portals provide secure online workspaces for cross-disciplinary collaboration. The Clinico-Genomic Data Solution program addresses the need for disease-specific datasets by building networks with healthcare partners to enhance diagnosis and treatment pathways. DNAnexus serves a diverse client base, including biopharmaceutical companies, genome centers, and diagnostic test providers, and has established a strategic alliance with WuXi NextCODE Genomics. The company also maintains additional offices in San Francisco, London, and Prague.

Cloudinary

Secondary Market in 2022
Cloudinary Ltd. offers a cloud-based image and video management solution that simplifies media management for web and mobile applications. Founded in 2011 and headquartered in Petah Tikva, Israel, the company caters to a diverse range of clients, from startups to large enterprises, enabling them to enhance user experiences and accelerate development. Cloudinary’s platform leverages AI technologies to optimize the management of nearly 30 billion digital assets, allowing brands to focus on delivering high-quality visual content efficiently. The solution is accessible through popular cloud services like Amazon Web Services. With a customer base of approximately 5,500, notable clients include well-known brands such as Forbes, DoorDash, and Walmart Labs, highlighting Cloudinary's prominence in the digital asset management space.

Medable

Series D in 2021
Medable, Inc. operates a medical-grade Platform-as-a-Service that supports healthcare providers, including doctors and hospitals, in developing Health Insurance Portability and Accountability Act (HIPAA) compliant applications and services. The platform facilitates the creation of mobile and desktop applications, enhancing the management and storage of personal health information. Medable offers various solutions, such as Medable Telemedicine for HIPAA-compliant video consultations, Medable TeleCOA for capturing clinical trial outcomes remotely, and Trial-Fit, aimed at improving trial processes through telemedicine. Established in 2012 and based in Palo Alto, California, Medable's global decentralized trial platform enhances the design, recruitment, and retention of clinical studies by integrating digital tools and data. Its services are utilized by leading biopharma sponsors and clinical research organizations in over 30 countries, improving patient access and outcomes while ensuring compliance with healthcare regulations.

Articulate

Series A in 2021
Articulate is a developer of e-learning software and content, specializing in the creation and delivery of online training courses. Founded in 2002 and headquartered in New York, the company serves over 40,000 customers globally, including a significant majority of Fortune 100 companies and many top-ranked U.S. universities. Articulate's platform allows users to design custom, interactive courses that are compatible with various devices, facilitating seamless integration with learning management systems. With a strong emphasis on customer satisfaction, the company has garnered the trust of more than half a million e-learning professionals, establishing a prominent presence in the industry.
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