-3 Companies Win Google Cloud Pitch Off Contest
Last March, Google announced plans to run its own machine learning startup competition side-by-side with Data Collective and Emergence Capital. Four months later, among 350+ applicants, 10 start ups were selected to onstage at Google’s Launchpad Space in San Francisco. They competed for three prizes, sponsored by DCVC and Emergence, and ‘Built with Google’ award for the top startup utilizing Google’s Cloud Platform. The winners address smart medicine to better understand Alzheimer’s; personalized content deliver tools for enterprise, and medical record annotations for smart RX management.
BrainSpec – $500K investment DCVC’s Choice
BrainSpec is building its own platform that helps doctors measure brain metabolites using standard MRI equipment. Metabolites are the chemical result of cellular processes and often hold the key to understanding brain injuries, Alzheimer’s and other brain disorders.
Doctors can use Magnetic Resonance Spectroscopy, a traditionally complex process, to perform chemical analysis of tissue to detect key indicators of these neurological diseases. BrainSpec is simplifying this technique with a web interface and cloud-based statistical analysis.
Matt Ocko, a partner at DCVC, explained his investment by speaking to the sheer market size of the problem BrainSpec is looking to address. The startup brings strong domain expertise to a product with a clear path to productization and regulatory approval.
Alex Zimmerman, CEO of BrainSpec
LiftIgniter – $500K investment from Emergence Capital’s Choice
LiftIgniter wants to help businesses personalize the content they deliver to users. Today, big players like Amazon and Spotify have their own advanced recommendation systems that drive engagement, but many other businesses struggle to deliver the same demanding technology.
The team, which had experience building YouTube’s machine learning recommendation system, is productizing its service around an API. The company says it has never lost an A/B test and is seeing strong traction with 1.8 million in ARR and 22 percent month-over-month growth. The team also won an extra $500K in GCP credits as the runner-up for the Built with Google Award.
PicnicHealth –$1M in GCP credits from Built with Google Award
PicnicHealth is layering machine learning on top of its centralized digital medical record system to produce outcomes data for pharmaceutical companies and research groups. The startup combines automated extraction with a team of human nurses to annotate anonymized records. Pharmaceutical companies are willing to pay serious money for data to the extent that PicnicHealth is seeing $5,000 gross margins.
Patients using the consumer side of the platform retain control of their data and oversee entering their care providers. From there, Picnic automates record collection, analysis and releases.