RIT Venture Creations Incubator

RIT Venture Fund I, LLC is an investment entity that focuses on providing capital to entrepreneurial ventures closely linked to the Rochester Institute of Technology (RIT) community. Established in 2003, the fund is associated with the Venture Creations Incubator, which is also based in Rochester, New York. The fund aims to support innovative startups by leveraging the resources and talent within the RIT ecosystem, fostering growth and development in various sectors. Through its investments, RIT Venture Fund seeks to enhance entrepreneurial initiatives that align with its mission of promoting economic development and technological advancement in the region.

Ryne Raffaelle Ph.D

Vice President

11 past transactions

CytoTronics

Seed Round in 2024
CytoTronics specializes in the design and development of advanced cell culture plates that incorporate high-density electronic systems. Its semiconductor-based technology facilitates the visualization of live cell functions at scale, providing researchers with real-time data on cellular behavior. This capability enhances the study of complex biological processes, which may lead to significant advancements in drug discovery and personalized medicine. By enabling a deeper understanding of cell biology, CytoTronics aims to support innovative research and foster breakthroughs in various scientific fields.

Casana

Seed Round in 2020
Casana is a healthcare technology company based in Rochester, New York, that specializes in in-home cardiac health monitoring solutions. Its flagship product, the Heart Seat, is a cloud-connected toilet seat designed to allow patients to effortlessly monitor critical health metrics such as heart rate, blood pressure, blood oxygenation, and cardiac output from the comfort of their homes. The Heart Seat integrates three key sensors: a single-lead ECG for measuring the heart's electrical activity, PPG sensors that assess blood volume, and BCG sensors that track the mechanical activity of the heart. This innovative device aims to assist medical teams in managing chronic conditions by providing continuous, reliable health data outside traditional healthcare settings. Casana's technology is focused on fostering proactive health management and improving patient outcomes.

BDEX

Venture Round in 2020
BDEX, LLC, founded in 2014 and based in Coral Springs, Florida, operates a data exchange platform that specializes in collecting and delivering real-time data. As the first-ever Data Exchange Platform (DXP), BDEX aggregates billions of data signals from numerous premium data partners, creating a highly accurate ID graph in the United States. The platform provides actionable insights just moments after customers begin shopping online, enabling businesses to access impartial third-party data tailored to their target audience. Through the use of artificial intelligence, BDEX enhances targeting precision and personalizes customer experiences, ultimately aiming to improve return on advertising spend (ROAS).

CalvIO

Venture Round in 2020
CalvIO Inc. specializes in enhancing the interaction between humans and machines in industrial environments. The company has developed an industrial robotics platform that streamlines the configuration and maintenance of robotic assembly processes. Its modular robotic work cells are managed by an integrated software system that employs a proprietary tablet-based programming sequence, utilizing artificial intelligence and machine learning. This innovative approach enables businesses to simplify robot configuration, point-to-point programming, and fault recovery, ultimately improving the quality of robotic designs and reducing the complexity associated with implementation and ongoing support. By focusing on these areas, CalvIO aims to help users maximize their return on investment in automation.

Merkuri Digital Development Group

Venture Round in 2020
Merkuri is a company comprised of former military and security professionals that specializes in developing advanced security systems. It offers innovative technologies and technical assistance aimed at protecting clients from various threats and breaches. The company's systems are designed to provide customized support by utilizing both wired and wireless network protocols. Additionally, they facilitate the expedited geographic location of mobile devices and access unprotected data. Merkuri's solutions are tailored for a diverse clientele, including educational institutions, corporate entities, and government agencies, enabling them to monitor individual movements and enhance the security of data and personal safety.

Million Studio

Venture Round in 2020
Million Studio is a developer of content and marketing automation software that focuses on assisting professional athletes in managing their branding strategies. The platform automates a variety of marketing tasks, including social media posts, website management, and email newsletters. By streamlining these processes, Million Studio helps athletes, sports agents, leagues, teams, and brands navigate the complexities of the sports ecosystem. The company aims to empower athletes to effectively manage, market, and monetize their content and data, thereby enhancing their influence and growth within the industry.

Susteau

Pre Seed Round in 2018
Susteau, formerly known as OWA Haircare, is a New York-based cosmetic company that specializes in sustainable hair care products. Founded in 2017 and rebranded in 2021, Susteau focuses on innovative, waterless hair care solutions, offering powdered shampoos and conditioners that activate with water. These products are formulated without harmful ingredients such as sulfates, parabens, and artificial fragrances, and are made from naturally derived, vegan, and cruelty-free components. In addition to promoting healthy hair, Susteau emphasizes environmental responsibility by utilizing recycled materials and providing custom packaging, making their offerings both eco-friendly and affordable for consumers.

Token

Venture Round in 2017
We have developed the next generation of MFA that stops phishing and unauthorized logins for organizations where ransomware must be stopped

Viggi Kids

Venture Round in 2017
Viggi Kids, Corp. specializes in designing and manufacturing innovative seating solutions for children. One of its flagship products is the Vidget chair, a versatile three-in-one design that easily transforms from a chair to a desk or stool. The chairs are engineered to provide a flexible seating system that allows for side-to-side and front-to-back rocking motion, which helps children release energy and enhances focus and attention, particularly in educational settings. Viggi Kids also offers the Digit Widgit, a learning tool aimed at facilitating early numeracy skills. Their products are utilized in various environments, including classrooms, therapy centers, and libraries, and are available for purchase online. Founded in 2015, the company is headquartered in Fairport, New York.

Sensor Films

Venture Round in 2017
Sensor Films Inc. specializes in advancing digital manufacturing processes with a focus on the electronic products sector. The company has developed the Starlight Digital Manufacturing Platform, which utilizes ink jet deposition technology to facilitate rapid and cost-effective prototyping as well as high-volume production. This platform serves the specialty graphics and printable electronics industries, offering streamlined workflows that enhance efficiency. Sensor Films' systems are designed to print both functional and decorative inks on various substrates, including flexible and rigid materials, making them suitable for a diverse range of consumer and industrial applications. By integrating pre- and post-printing processes, the company enables clients to accelerate product development, reduce time to market, and undertake economical short run production, thereby transforming traditional manufacturing methodologies.

Dan & Gary Games

Venture Round in 2015
Dan & Gary Games is a game development studio founded by artist-programmer duo Dan Plate and Gary Porter, both alumni of the Rochester Institute of Technology. The studio focuses on creating story-driven games, with their debut title, Super Daryl Deluxe, showcasing a unique blend of 2D action and comedy. This game allows players to design their own combat systems while embarking on a quest to save the world from misguided self-help authors. Through its award-winning visuals and engaging gameplay, Dan & Gary Games aims to provide immersive gaming experiences that highlight their distinctive storytelling approach.
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