The companies, including three Atlanta-based and two women-led startups, are working on technologies, including autonomous flight, artificial intelligence (AI) and blockchain.
Engage is a collaboration between the Atlanta Committee for Progress, Georgia Tech and 10 Atlanta corporations, including AT&T Inc. (NYSE: T), Chick-fil-A, Cox Enterprises, Delta Air Lines Inc. (NYSE: DAL), Georgia-Pacific, Georgia Power, Intercontinental Exchange (NYSE: ICE), Invesco, The Home Depot Inc. (NYSE: HD) and United Parcel Service Inc. (NYSE: UPS).
The 10 corporations and Invest Georgia each committed $1.5 million to the $16.5 million Engage venture fund, which is managed by Tech Square Ventures.
Engage, which works with Series A stage companies who typically have revenues of more than $1 million, provides Atlanta an opportunity to attract and grow new companies. Corporate partners, meanwhile, get first-look advantage and access to new technologies. The accelerator’s inaugural class of companies raised $18 million in follow-on funding, including from Engage corporate partners.
“Investing with Engage has allowed us to tap the latest in disruptive technologies and look for potential collaborations with our own digital transformation efforts,” Georgia-Pacific CEO Christian Fischer said in a statement.
These eight startups were picked to be in Engage Ventures Spring 2018 class:
- Dev/Con (Memphis, Tenn.) — SaaS-based cyber security software that eliminates advertising fraud.
- Homee (Tampa Bay, Fla.) — On-demand, home servicing app that provides instant access to handymen, electrical, HVAC, and plumbing providers.
- Intrinio (Tampa Bay, Fla.) — FinTech marketplace with access to more than 200 financial data feeds that cover 350,000 global securities.
- Pryon (Seattle, Wash.) — Developers of an AI platform with the accuracy and security features necessary for enterprise applications.
- Stord (Atlanta, Ga.) — Real-time global warehousing network that connects independent, third-party warehouses via an enterprise software platform to drive inventory efficiency.
- SkyRyse (San Francisco, Calif.) — Delivering autonomous flight technologies to revolutionize on-demand transportation.
- ThingTech (Atlanta, Ga.) — IoT service platform that connect assets, fleets, heavy equipment, sensors, machines and mobile workforces in real-time.
- Verady (Atlanta, Ga.) — Combines blockchain and industry thought leadership to bring accounting and audit technology to cryptocurrencies.