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 Mining

Muon Vision

Non Equity Assistance in 2021
Our technology provides a passive, non-invasive X-ray imaging technology that can be used to i) visualize the percolation of process fluids across leaching heaps at scale; ii) monitor the stability of dams, heaps, mining assetts; iii) other industrial and minidng applications where density measurements are of key importance to improve safety and productivity.

M1neral

Non Equity Assistance in 2020
M1neral LLC, based in Houston, Texas, offers a mineral intelligence platform that streamlines the transaction process for buyers, operators, and sellers of mineral assets. The platform integrates data collection, artificial intelligence, and transaction automation to provide actionable insights and enhance decision-making. It features a robust spatial search tool that facilitates collaboration among all parties involved in transactions, including service providers and financial institutions. By focusing on efficiency, M1neral's platform aims to significantly reduce transaction cycle times, enabling users to complete deals more quickly and effectively. Additionally, the marketplace allows mineral buyers and owners to easily research and filter asset information, promoting a more informed and convenient transaction experience.

Strayos

Grant in 2017
Strayos Inc. is a technology company that specializes in aerial data analytics software, specifically for the mining, drilling, blasting, quarrying, and oil and gas exploration industries. Founded in 2016 and based in St. Louis, Missouri, Strayos has developed an advanced platform that utilizes image processing and artificial intelligence to provide users with comprehensive data analysis. The platform offers tools such as smart drill data analysis, which employs measurement-while-drilling techniques for real-time data on drill logs and rock properties, and the 3D Blast Profile, which optimizes blast patterns and facilitates post-blast volume reconciliations. Additionally, Strayos provides Muckpile and Rock Size Analysis through its AI platform, which accurately assesses rock size distribution using machine learning techniques. By leveraging aerial intelligence, Strayos aims to enhance operational efficiency, reduce costs, and improve safety in various industries.

Novamet

Non Equity Assistance in 2017
Novamet Sarl, established in 2014 and located in Saint-Sulpice, Switzerland, specializes in optimizing aluminum melting and recycling processes through its innovative data-driven platform. The company offers a product called SmartMelt, which utilizes online data acquisition, numerical modeling, and machine learning to enhance the efficiency of industrial furnaces in the aluminum sector. By integrating real-time data analysis with advanced simulation techniques, Novamet's system collects information from sensors placed within melting furnaces. This enables the prediction of optimal melting cycles, allowing aluminum and metallurgy plants to improve energy efficiency and overall productivity during production.

Bitso

Grant in 2016
Bitso SAPI de CV is a prominent online trading platform based in Mexico City, founded in 2014, that facilitates the buying and selling of Bitcoin and other cryptocurrencies. As Mexico's first Bitcoin exchange, Bitso allows users to trade Bitcoin with the Mexican Peso, providing a secure and professional environment for cryptocurrency transactions. Users can fund their accounts through various options, including in-person deposits at designated locations across Mexico. The platform operates with a central limit order book, similar to traditional currency exchanges, ensuring efficient trade execution. Additionally, Bitso offers an API that enables third-party applications, such as trading and charting tools, to integrate with its platform, along with a dedicated mobile application for seamless trading activities.

JobMine

Grant in 2015
JobMine is a mobile application that connects job hunters and employers together. The application enables its users to create profiles. It then provides them with a list of jobs that they can swipe right to apply for and swipe left if not interested. Furthermore, it enables them to record videos for the employers to evaluate the applicants’ personalities. JobMine was launched in 2014 by Martin Cheung, Youssef Darwich, and Saravanan Sathyanandha
Cambridge Carbon Capture Ltd is focused on advancing technology for industrial carbon dioxide capture and storage through innovative mineralization processes. The company employs proprietary methods to extract CO2 from industrial flue gases at a cost lower than the current carbon price, potentially allowing for cost offsetting or profit generation from the sale of valuable by-products, such as semi-precious metals. By utilizing electrochemical techniques, Cambridge Carbon Capture aims to transform carbon emissions from hydrocarbon combustion into solid carbonate materials, contributing to a sustainable approach for reducing greenhouse gas emissions. This technology not only supports industries in addressing climate change but also facilitates the safe sequestration of carbon dioxide, positioning clients to achieve both environmental and economic benefits.

LibertyX

Grant in 2014
LibertyX is America's oldest and largest network of bitcoin ATMs, cashiers, and kiosks. With thousands of locations across 43 states, consumers can buy bitcoin in-person with cash and debit cards. It was founded in 2013 and is headquartered in Boston, Massachusetts.
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