Goodybag (YC W16) Simplifies Catering for Enterprises


Anyone who has used a catering service for meetings or corporate gatherings can explain how frustrating the entire process is. What seems like a simple task actually involves searching through various vendors, determining dietary restrictions, planning logistics, and invoicing the order.

Goodybag is a company launching out of our Winter 2016 class that streamlines the corporate meal-ordering process. Anyone can log onto the site and browse through local caterers before ordering online. In addition to ease of use, Goodybag also offers live customer support. Unlike other on-demand food delivery services, Goodybag does not actually deliver anything. Rather, it is a self-serve marketplace that allows companies to compare and book meals for specific events. Because of this, Goodybag can scale rapidly without being lost in unit economics.

The three behind Goodybag are Jay Panchal, Om Panchal, and Jag Santha. Jay Panchal and Jag Santha met in college at Georgia Institute of Technology while studying Systems Engineering. Om Panchal, Jay's brother, studied Biology at Southwestern University. 

Goodybag has done over $5.5M in orders from just the Austin, Houston, Seattle, and Nashville area.  

Learn more about Goodybag here.

OctaveWealth (YC S12) is a Full Service 401(k) for SMBs

Administering 401(k) plans can be quite confusing for small and medium sized enterprises, which still use paper-based solutions. Online 401(k) providers integrate with digital payroll but fail to provide investment expertise. Companies then have to rely on additional third-party providers for investment management and record keeping. These providers often tack on additional fees that range from 0.30% to 1% of assets. High fees and increasing legislation and litigation over plan costs are some of the top reasons companies switch 401(k) providers.

OctaveWealth is a company that launched out of our Spring 2012 class that provides a transparent, full service 401(k) with no asset-based fees. Its technology provides third-party administration, record keeping, and investment management. Every 401(k) plan includes a series of investment portfolios that employees can invest in with a single click. Each portfolio is diversified across 50 global equities and fixed income markets, individually designed for an employee’s risk tolerance, and built using the same quantitative investment process as the world’s largest asset managers.

By giving employees a set of managed portfolios to invest in, OctaveWealth makes it easier for them to invest immediately upon enrollment. By complimenting this with a variety of risk profiles, this solution increases the likelihood of employee investment. Furthermore, advanced users can access custom portfolios and choose any funds or individual stocks. On average, each employee saves 75% of the total cost in the first 5 years alone, which can grow to more than 95% over time.

Dharmesh Malam and Rikin Shah, co-founders of OctaveWealth, met 13 years ago at Imperial College in London. The two previously founded BigCalc, a big data startup that helped algorithmic trading firms reduce risk by running trading simulations 100x faster. Before that, Malam worked on software at Blackrock and Fidelity while Shah worked on quantitative trading at UBS.  

The company launched in private beta late last year and the number of employees on their platform has been growing 20% week over week.

Learn more about OctaveWealth here.

Boom (YC W16) is Building an Affordable Supersonic Aircraft


Boom is a company launching out of our Winter 2016 class that is building a 40-seat supersonic plane for business travel. The current prototype has a maximum speed of Mach 2.2, making it the fastest passenger aircraft. 

Ashlee Vance wrote a story on Boom for Bloomberg Business:

“The Boom engineers say new materials and software made a Concorde replacement viable only in the last 10 years. Their plane will be built using a carbon-fiber composite instead of aluminum, making it lighter and able to travel faster. (Because of the heat generated by intense friction, aluminum softens at speeds higher than Mach 2.) Boom’s software can also run millions of computer simulations a day on its designs, so the startup doesn’t have to spend months tweaking things in wind tunnels.

According to the simulations, Boom’s design is quieter and 30 percent more efficient than the Concorde was. Its 40 seats will be split into two single-seat rows, so everybody has a window and an aisle. To reduce weight, the seats are of the standard domestic first-class variety, so no laydown beds. To cut flight time, Boom’s plane will cruise at 60,000 feet, where passengers will be able to see the curvature of the earth, while going 2.6 times faster than other passenger planes. Scholl says about 500 routes fit the craft’s market, including a five-hour trip from San Francisco to Tokyo and a six-hour flight from Los Angeles to Sydney.”

Read the full story here.

Perlstein Lab (YC W16) Automates Drug Discovery for Rare Diseases

Major pharmaceutical companies rarely focus on orphan diseases, conditions that affect less than 200,000 people nationwide. While many are complex, around 4,000 orphan diseases are caused by only one mutation in a single gene.

Perlstein Lab is a company launching out of our Winter 2016 class that has built an automated drug discovery platform for all rare diseases. It screens for model compounds that can reverse a disease in simple model organisms like yeast cells and nematodes. If a compound is found, this drug candidate can then be tested with patients. 

Jay Donovan wrote a story about Perlstein Lab on TechCrunch:

“First of all, it is important to know that, according to Perlstein, there are about 7000 diseases classified as rare and 95% of these have no FDA approved cure. This is PLab’s area of focus. This is a much different model than Big Pharma which usually focuses on more common illnesses where the research ROI stands to be much greater.

Of these 7000 rare diseases, about half are caused by a single broken gene. These are usually inherited diseases and affect children.

PLab focuses on single broken gene diseases initially because they are obviously less complex and easier to approach. Using a molecular apparatus known as a CRISPR—which Perlstein likened to a command line editor for animal genomes—PLab alters the genome of test animals (yeasts, flies, worms, fish and sometimes mice) to mimic the broken gene disorder…to essentially, make them ill. Because many of these animal are small, even microscopic, PLab can have large numbers of them to test against. 

Then, using an automated platform, they apply thousands of chemical compounds to these animals to see which compounds are effective at reversing or bypassing the loss of the broken gene’s function.”

Read the full story here and learn more about Perlstein Lab through their blog.

iSono Health (YC W16) is Building an Affordable At-Home Ultrasound for Breast Health Monitoring

Breast cancer is the second leading cause of cancer related deaths in women. One in eight women will be diagnosed with invasive breast cancer in their lifetime. While mammograms are the current standard of care, they do have significant limitations. Mammograms fail to detect breast cancer in women with dense breast tissue, who are already at higher risk for breast cancer. Furthermore, insurance companies typically do not cover the cost of exams for women under 50.

iSono Health is a company launching out of our Winter 2016 class that wants to empower women to take charge of their health through proactive, at-home screenings. Their first product is an affordable and automated ultrasound device that only takes 2 minutes to use. This device captures 3D ultrasound images that can later be accessed through its secure app.

Using a machine-learning algorithm that track changes over time, iSono Health can detect abnormal growths at their earliest stages. If the app detects any abnormalities, it automatically shares the images with a radiologist, who then provides feedback directly to the user. With gradual monitoring, users have access to accurate and actionable data that can potentially save lives.

Both co-founders, Dr. Maryam Ziaei and Dr. Shadi Saberi, had close family members and friends battle breast cancer. As a result, they wanted to build an affordable solution that helps detect breast cancer early on. Dr. Ziaei graduated from Stanford University with a Ph.D. in Electrical Engineering and developed sensors for consumer electronics. Dr. Saberi graduated with a Ph.D. in Electrical Engineering from Carnegie Mellon and worked at Broadcom since 2012, developing circuits and systems.

iSono Health will be launching a crowdfunding campaign soon. Sign up for updates here.

Soundboks (YC W16) is Making the World’s Loudest Battery-Powered Speaker

Soundboks is a company in our Winter 2016 class that has created the first and only portable speaker capable of throwing a real party. It is shockproof, weatherproof, and temperature resistant.

Stanley Goodner wrote about Soundboks in Gizmag:

“For pool events, camping, or backyard cookouts, boombox-sized speakers can be found supplying ample amounts of audio. We've reviewed the audiophile-grade Nano HiFi NH1 as well as the rugged JBL Xtreme, both of which delivered appreciably well. But they likely pale in comparison to the Soundboks, which houses a pair each of 96 dB low-frequency drivers, 98 dB high-frequency dynamic drivers, sound pressure level (SPL) speaker units, and 42 W digital amps.

Soundboks uses custom-designed amplifiers that help to enhance battery life while optimizing sound for outdoor usage. With its dual-phase boost function, this speaker is designed to generate up to maximum 119 dB of sound. The volume dial – quite literally – turns to an 11 for an experience similar to that of a live concert.”

Read the full story here and learn more about Soundboks from their Kickstarter campaign

OSVehicle (YC W16) Lets You Create Custom Electric Vehicles

Traditionally, manufacturing or even prototyping new vehicular models meant high barriers to entry due to the exorbitant costs of Research and Development. This meant that new vehicles were only available to big name brands like Ford or Chrysler who could afford to invest the time and money.

OSVehicle is a company launching out of our Winter 2016 class that allows anyone to create customized electric vehicles using their open source platform and modular technology, Tabby Evo. By reducing R&D costs and eliminating the need for a factory, OSVehicle enables smaller companies and even individuals to build a fully working prototype in less than an hour. The lifetime of the product is also extended as users can replace, adapt, and upgrade different components.

Normally, manufacturing a similar prototype cost around $100k, not including the R&D costs, but OSVehicle delivers the same product at a third of the price. Based on previous projects, this ready-to-use technology saves companies about 3 years in R&D and roughly $2M.

The two co-founders of OSVehicle are Italian-born Tin Hang Liu and Yuki Liu. The two previously worked at Italchina, their family company that helped Italian enterprises enter the Chinese market.

Learn more about OSVehicle here or check out their video here.

PhysioHealth (YC W16) Rewards Employees for Staying Healthy

Human Resources invest an enormous amount of energy and resources into employee health initiatives given that prolonged sitting is associated with a 40% increase in mortality. However, their efforts are often ineffective because the goals are set by HR staff rather than employees. The goals end up being too broad, and fail to take into account individual variability and employee motivation. As such, employees feel that the expected goals are too daunting or even discriminatory. This wasted effort accumulates as employers traditionally spends $150 to $200 in cash incentives per employee.

PhysioHealth is a company in our Winter 2016 class that allows employees to take ownership of their health while reducing costs for employers. PhysioHealth is an app that introduces 1 minute workouts throughout the day to help prevent back pain and mental stress. PhysioHealth goes a step beyond current apps by providing coaching in a consumer-centric way while gathering data. The app alerts you when you’ve been sitting or standing for too long, and delivers instructional stretching and breathing exercises. But staying active outside the office is also important. PhysioHealth integrates with AppleHealth, GoogleFit, Fitbit, Jawbone, Runkeeper, Swarm and more to suggest new places to exercise or when it’s time for vaccinations.

PhysioHealth offers a rewards network with brands at no additional cost. This complements and increases ROI on cost-heavy wellness programs already in use. They recently ran a pilot and saw a 27% increase in productivity, 23% decrease in lower back pains, and a 54% increase in staying active during the day.

Firdevs and Melike Abacioglu are the two Turkish sisters behind PhysioHealth. They both hold MBAs from Harvard, and are former financial investors & strategy consultants who have experienced the effects of working long hours. While they have worked for and consulted Fortune 500 companies, Melike and Firdevs want to draw attention to employee health and productivity. They currently work with a multi-disciplinary team of psychologists, gamers, dietitians, orthopaedic surgeons, physiotherapists and yoga experts.

PhysioHealth is available in the US and in Europe.

Learn more about PhysioHealth here.

CareSkore (YC W16) Helps Healthcare Organizations Assess Risk to Deliver Better Patient Care

Hospitals and healthcare providers are held accountable for the quality of care they provide by the Affordable Care Act. They are penalized for re-admissions, over-utilizations of services, and hospital acquired conditions like pneumonia or surgical site infections. If a patient is readmitted within 30-days after being discharged, hospitals risk having their reimbursement reduced or nullified. Healthcare organizations waste over $180 billion every year due to a poor understanding of their patients’ clinical risks. This risk profiling is typically done by insurance companies, who are often slow and have poor results because they only use claims data.

CareSkore is a company launching out of our current Winter 2016 class that mitigates that risk through individualized, disease-specific workflows and patient care plans. Through a combination of clinical, lab, demographic, and behavioral data from hospitals, CareSkore’s algorithm provides ongoing, real-time, and highly precise predictions for every admitted patient. These predictions are all fully automated and thus create highly customized action plans.

One of the co-founders and Chief Medical Officer of CareSkore is Dr. Puneet Dhillon Grewal, MD. She is also an Internal Medicine physician and Cardiologist. She is currently a Cardiology Fellow at Rosalind Franklin University of Medical Sciences, where she also completed her residency. The other co-founder and Chief Executive Officer of CareSkore is Jaspinder Grewal. He is a computer engineer and holds an MBA from the University of Chicago Booth School of Business. He has 13 years of experience working with large health systems, managing technology, and operations.

Currently, CareSkore is available to hospitals, health systems, and integrated delivery networks in the United States. They have also been getting international interest from Europe and Asia.

Learn more about CareSkore here.

StealthWorker (YC W16) is a Marketplace for Talented Cybersecurity Specialists

The rising trend of hacking has resulted in damaged brands, fraud, and theft of personal identifiable information (PII). The need for cybersecurity professionals has drastically increased, with over a million cybersecurity jobs still unfilled. Unfortunately, there are not enough qualified people (CISSPs) to meet that demand. Therefore, finding and hiring qualified experts can be time-consuming and costly.

StealthWorker is a company launching out of our current Winter 2016 class that tackles this issue by connecting businesses with qualified cybersecurity specialists on its marketplace. Founder, Dr. Ken Baylor knows how hard it is to find competent security staff after serving as a CISO for over 10 years. Previously, he has led security teams at Symantec, Pivotal Software, Wells Fargo, and McAfee. In addition to holding a CISSP, Dr. Baylor also holds a law degree, MBA, and Ph.D.

Instead of moving cybersecurity experts from one full-time job to the next, StealthWorker allows companies to hire specialists for specific tasks like penetration testing (pen testing). Pen testing is when a third-party acts as a hacker and attempts to compromise a server to steal data. By eliminating a lengthy hiring process, CISSPs are operational within weeks and can add immediate value. This solution drastically reduces the cost of hiring a security team while maximizing a security expert’s efficiency.

StealthWorker is launching in the United States, Europe, and Asia.

Learn more about StealthWorker here.