After enduring years ofeconomic decline in what is called the “Lost Decade”, which came to a head in the recession of 2009, Michiganis currently experiencing amuch-welcome resurgence.
Today, experts are touting the strong venture ecosystem in the state. With 2,407 local startups listed under Angel.co and an average valuation of $4 million,the Wolverine State is making pitches and translating ideas into technology.
To demonstrate Michigan’s blossoming tech sector, here’s a list of several state-based independent startups no older than 10 years, with at least a single round of funding.
570 Kirts Blvd
This software technology provider caters to small and medium-sized organizations in the non-profit sector. Founded in 2009, the startup landed a coveted spot in The Tech Tribune’s “2018 Best Tech Startups in Michigan” and makes another appearance on the prestigious list in 2019.
Privately owned and women-led, the company is dedicated to improving non-profit effectiveness by delivering affordable technology-based solutions and technology consulting services.
Its founders, Chief Inspiration Officer Rosemary Bayer, and Chief Marketing Officer and Board Member Kathleen Norton-Schock, met as volunteer mentors at Michigan Council of Women in Technology.
1555 Broadway St 2nd Flr
Autobooks was founded in 2015 on the premise that small businesses were underserved by financial institutions, and have become increasingly reliant on manual solutions and non-bank providers.
The tech company creates integrated accounting and payment software, which helps financial institutions provide products and services to small businesses facing significant issues or challenges with cash flow management.
By automating their accounting through internet banking accounts that are integrated with banks and credit unions, small businesses are able to save time and offer more convenient payment options to their customers.
410 N 4th Ave
Ann Arbor, MI
Farming is largely unpredictable, with droughts, excess rainfall, and changes in carbon dioxide levels in the air affecting the farming cycle. So in 2016, FarmLogs raised $22 million in a round of funding to develop technology that will make it easier for farmers to manage weather-related risks, measure crops, estimate profits, compare crop prices, and more.
The startup has made hefty investments in data and satellite imagery since its inception in 2012.
Their products include a free version of the FarmLogs app in addition to the following:
- FarmLogs Essentials
- FarmLogs Complete
FarmLogs CEO and co-founder Jesse Vollmar was raised in a farming community and previously worked at his family’s organic corn farm.
41000 Woodward Ave
Building East, Suite 350
Bloomfield Hills, MI
An increasing number of cars are connected to the internet, and while this offers many conveniences, it also makes car owners vulnerable to cyber attacks. Karamba Security is primarily known for its work in automotive cybersecurity.
In 2018, the startup secured $17 million in funding and worked with 16 suppliers and automakers. Car manufacturers and vendors use the company’s software to protect buyers from cyber attacks, as well as increase brand competitiveness.
Not resting onthe recognition it has received, Karamba Security is already working towards the future of automotive cybersecurity. With the rise of autonomous vehicles, the startup is currently developing cyber protection for vehicle-to-everything technology (V2X) systems.
Live close to Michigan’s thriving startup scene. Get in touch with Stirk Realty Group today at 269.207.7894 and Team(at)StirkRealtyGroup(dotted)com to find houses for sale in Kalamazoo, MI.