MassChallenge

MassChallenge is a non-equity startup accelerator headquartered in Boston, Massachusetts, with additional locations in Israel, Mexico, Switzerland, Texas, and the UK. Founded in 2009, it focuses on fostering innovation and entrepreneurship by supporting high-potential startups across various industries globally. MassChallenge provides expert mentorship, a tailored curriculum, and access to corporate partners without taking any equity from the startups. Its programs, including specialized initiatives like MassChallenge FinTech and MassChallenge HealthTech, aim to facilitate partnerships between startups and established companies to drive innovation and growth. To date, MassChallenge has helped over 1,200 alumni raise more than $2 billion in funding and create over 65,000 jobs, demonstrating its significant impact on the global innovation ecosystem.

Cait Brumme

Acting CEO

Cait Brumme

Managing Partner

Siobhan Dullea

CEO

Matt Lashmar

Managing Director

Camila Lecaros

Managing Director

Yonit Serkin

Managing Director

Devon Sherman

Founding Director, Head of MassChallenge FinTech

Michelle Williams

Vice President and Head of Texas Strategy

Past deals in CAD

LabsCubed

Non Equity Assistance in 2021
LabsCubed Inc. is a Canadian company based in Kitchener, founded in 2016, that specializes in the manufacture of automated testing systems for materials, particularly plastics and rubbers. The company's advanced machines facilitate rapid and intelligent stress testing of polymer materials by automating the physical testing process and data collection. By loading tensile samples into its systems, LabsCubed enables manufacturers to conduct numerical simulations and gather detailed analytical information efficiently. This innovation helps companies save both time and money in the development of new and innovative materials.

CADEL DEINKING

Non Equity Assistance in 2021
CADEL DEINKING is a technological development company created with the aim of implementing plastic recyclers and converting companies in an innovative plastic recycling process, through which it is possible to eliminate printed ink on plastic surfaces. The technology, developed by CADEL DEINKING , allows for the first time to eliminate the ink from the plastic before its recycling to obtain a product with a quality very similar to virgin plastic. This allows to use it in the same applications as a new material. It is a unique technology in the world, whose patent has been extended to more than 20 countries. CADEL DEINKING has a demonstration plant in San Vicente del Raspeig (Alicante) that allows to carry out all the steps of the process on an industrial scale. CADEL DEINKING demonstrates in its facilities the feasibility of the process technique before the companies interested in arranging the technology, mainly large film printers and recyclers. The tests carried out at the CADEL DEINKING deinking plant with the client material are a key step before licensing the technology and developing the engineering at the client's facilities. The companies that choose to install a de-inking plant in their facilities will increase their competitiveness, since they will offer their customers a recycled material of very high quality. CADEL DEINKING shares the efforts of industries to improve the quality of products with increasingly sustainable processes and methods.

Hi-D Imaging

Non Equity Assistance in 2020
Hi-D Imaging AG specializes in developing a software-as-a-service platform that enhances pre-operative planning for patients requiring aortic valve replacement. Founded in 2019 and based in Winterthur, Switzerland, the company utilizes advanced imaging technologies to assess individualized hemodynamics and optimize the selection of heart valve size and shape prior to trans-catheter aortic valve implantation. Their platform enables detailed analysis of blood flow patterns and provides in-vitro fluid dynamic evaluations, allowing healthcare professionals to tailor solutions based on the unique physiological characteristics of each patient with aortic stenosis. By addressing the limitations of traditional medical imaging, Hi-D Imaging aims to improve surgical planning efficiency and ultimately enhance patient outcomes in cardiovascular care.

Computational Life

Non Equity Assistance in 2020
Computational Life Inc. develops a software that provides valuables flow and pressure dynamics throughout the body fluid system based on validated physical laws. The company provides a Digital Avatar Platform (DAP) that simulates the human and animal body through modern mathematical models. The company simulates arterial and venous systems, heart dynamics, microcirculation, pulmonary circulation, cerebrospinal fluid, and brain interstitial fluid. Computational Life Inc. was founded in 2018 and is based in Wilmington, Delaware.

Castory

Non Equity Assistance in 2020
Castory is a developer of construction software that aims to enhance the building process for contractors and developers by identifying construction errors. The company's platform automatically compares visual data from construction sites to the original blueprints, detecting any mismatches. This capability ensures that builders can trust that their projects align with the planned specifications. Additionally, Castory provides comprehensive site documentation, tracks project progress, and offers actionable insights to address potential issues before they escalate. By focusing on defect detection and building quality, Castory empowers construction professionals to improve their operations and deliver better results.

Naya

Non Equity Assistance in 2020
Operator of a digital designing software platform intended to bring the entire physical product design journey into one digital studio. The company's platform utilizes artificial intelligence to create design briefs and collaborate with others for designing, engineering, and fabrication, enabling users to turn their ideas from a sketch to a product.

Cinchy

Non Equity Assistance in 2019
Cinchy Inc. is a technology company based in Toronto, Canada, that specializes in a data collaboration platform utilizing data fabric technology. Founded in 2014, Cinchy's platform connects various data sources within a unified networked architecture, allowing organizations to manage and protect their data more effectively. This innovative approach enables real-time collaboration among multiple systems and users without the need for separate application databases. By facilitating a cross-application data network, Cinchy enhances data accessibility while improving security for both customer and employee information. The platform has been recognized for its capabilities, having received accolades such as best-of-show at Finovate and being featured in Gartner's "Cool Vendors in Data Management." Through its unique architecture, Cinchy aims to eliminate data fragmentation, reduce costs, and streamline operations for enterprises.

Cinchy

Non Equity Assistance in 2019
Cinchy Inc. is a technology company based in Toronto, Canada, that specializes in a data collaboration platform utilizing data fabric technology. Founded in 2014, Cinchy's platform connects various data sources within a unified networked architecture, allowing organizations to manage and protect their data more effectively. This innovative approach enables real-time collaboration among multiple systems and users without the need for separate application databases. By facilitating a cross-application data network, Cinchy enhances data accessibility while improving security for both customer and employee information. The platform has been recognized for its capabilities, having received accolades such as best-of-show at Finovate and being featured in Gartner's "Cool Vendors in Data Management." Through its unique architecture, Cinchy aims to eliminate data fragmentation, reduce costs, and streamline operations for enterprises.

Dyad Medical

Non Equity Assistance in 2019
Dyad Medical develops software that automatically analyzes the content of cardiac and cardiovascular images. Its software applications support both treatment decision making in the clinic and analysis in research, enabling researchers to optimize observations and conclusions. It was founded in 2018 and headquartered in Boston, Massachusetts.

CADLAB.io

Non Equity Assistance in 2018
CADLAB.io operates a cloud-based platform tailored for hardware development, specifically focusing on PCB design projects. It offers an advanced version control system and collaboration tools that facilitate the management of native PCB design files in a centralized repository. Users can view, compare, and comment on schematic components directly in their web browser, significantly expediting the design review process. The platform features a schematics comparison tool that allows engineers to quickly identify changes in hardware designs, while interactive annotations enhance communication and collaboration among team members. By streamlining these processes, CADLAB.io enables engineers to maintain quality control throughout every step of hardware design.

BlocksCAD

Non Equity Assistance in 2018
BlocksCAD is 3D modeling software designed by teachers, for teachers. They wanted software that was easy enough to use for grades 3+ while providing rich learning outcomes by developing strong math and computer programming skills. With a simple block-based programming interface, students will write programs to design their models. To do this, they will build a strong understanding of the underlying geometry of the 3D space.

Aurie

Non Equity Assistance in 2018
CathBuddy is a medical device company that features a reusable urinary catheterization system. It specializes in the fields of healthcare, medical, and medical device. It was founded in 2018 and headquartered in New York, United States.

Cam Med

Grant in 2017
Cam Med LLC, founded in 2014 and based in West Newton, Massachusetts, is a development-stage company focused on creating innovative drug delivery devices utilizing microfluidics technology. The company's flagship product, Evopump, is a bandage-like patch pump designed for the subcutaneous delivery of one or more medications. By prioritizing patient-friendly designs and precision in drug administration, Cam Med aims to significantly enhance the daily lives of patients requiring medication delivery solutions.

C2A Security

Grant in 2017
C2A Security Ltd. is a cybersecurity company based in Jerusalem, Israel, specializing in solutions for the automotive and trucking industries. Founded in 2016, C2A develops a comprehensive suite of cybersecurity products designed to provide end-to-end protection for vehicles. Its offerings include the stamper, SecMon, the protector, and DoIP Client, which collectively address various layers and attack surfaces within vehicles. The company's innovative approach incorporates artificial intelligence and machine learning, enabling original equipment manufacturers to detect and mitigate cyber threats ranging from autonomous system hacks to chip-level vulnerabilities. C2A's solutions are tailored to meet the specific needs of automotive manufacturers, focusing on cost-efficiency, rapid market deployment, and seamless integration into existing systems.
Cadence is an enterprise event experience platform for virtual, live and hybrid events. Their team has been in enterprise SaaS solutions for over 15 years, specifically event-related technology.

Cloud Invent ML

Grant in 2016
Nowadays the development of more and more sophisticated machines and constructions is not possible without computer aided design (CAD) software. But the development of CAD drops behind the demands of manufacturing. The decade from late 80’s to late 90’s was a revolutionary period for the CAD industry. This revolution was initiated by Parametric Technology Corporation (PTC) that introduced parametric feature-based approach to solid modeling, which became de facto the standard for the industry. But the last decade was the years of stagnation in the CAD industry. It was the time the industry was waiting for big game-changing technologies and product to come. Cloud Invent goes to the market with such ground-breaking technology – Cheetah Solver, which allows resolving constrained geometric models containing hundreds of thousands of constraints (solvers of the leading CAD vendors are able to resolve only about some hundreds of constraints). This is their main technological pillar - none of their competitors have a geometric modeling technology that is even close to what they have. Another technological pillar, Cloud Invent is rested on, is the cloud computing, which is supposed to become the mainstream of the software development for the next decades. While main CAD vendors are hesitating whether there are enough reasons to move to the cloud, they are ready to jump now into this new brave world. One of the main bottlenecks of the traditional CAD software is the parallelization of computations in order to use, on one hand, functionality of modern multi-core processors, and, on the other hand, advantages of distributed computing in a cloud environment. The situation with Cheetah solver is the opposite – it is ideal for parallelization, and cloud environment is the perfect place for its race. Cheetah might be a driving force for transition of the CAD industry to such a cloud platforms as Windows Azure of Microsoft, or Amazon Web Services (or some other cloud platforms). Cheetah not only uses the full power of multi-core processors, but can offer cloud environment to any CAD user as his personal super-computer (with unlimited power) and do it on the basis of a much more attractive price model than the traditional per-workplace licensing.

Cam Med

Grant in 2014
Cam Med LLC, founded in 2014 and based in West Newton, Massachusetts, is a development-stage company focused on creating innovative drug delivery devices utilizing microfluidics technology. The company's flagship product, Evopump, is a bandage-like patch pump designed for the subcutaneous delivery of one or more medications. By prioritizing patient-friendly designs and precision in drug administration, Cam Med aims to significantly enhance the daily lives of patients requiring medication delivery solutions.
DCDI changes the uncomfortable and time consuming current dentures impression technique, which is a major pain and involves physical elastic impression materials, proposing a quick and elegant optical solution. This is a unique solution for a multi-billion $ market.

Rayku

Grant in 2011
Rayku is an online tutoring platform based in Toronto, Canada, specializing in mathematics and calculus. The company provides students with personalized course and lesson plans, complemented by scheduled sessions with experienced tutors. By integrating curated and pre-created learning materials with live online instruction, Rayku aims to enhance academic performance while offering services at a cost-effective price. The platform is designed to make quality education accessible to a broader audience, allowing students to excel in their studies from the convenience of their homes.
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