Company Profile

LUMI Organics

To break into the juice business, this startup applied 87,000 pounds of pressure

Company Information
Industry
Food & Beverage
Location
Charlottesville, Virginia
Year Founded
2013
Company Size
11-50 employees
Data as of Publication on Aug. 11, 2020
Company Description

Hillary Lewis founded Lumi Organics as an MBA student in 2013 after a chance discovery turned her on to the potential of the organic juice industry. The company's name comes from the phrase "Love You, Mean It!" which she and friends had been using as a greeting for years. With a method known as high-pressure processing, Lumi produces 13 flavors of fruit and vegetable juice that are rich in nutrients, low in sugar, and free of harmful microorganisms. The Charlottesville, Virginia, business sells $8 dollar bottles of Belmont Beet, Piedmont Pineapple, and other varieties nationwide at grocery chains, in fitness studios, and through its website. It also has become a favorite in the locker rooms of professional sports teams such as the New York Yankees and the Washington Wizards. Lumi now employs 18 people, almost all women. Lewis's funding has come exclusively from her friends, but she expects an additional investment soon through a strategic partnership. Last year the company generated $1 million in sales.
Note: All data as of 1/31/16

MATI Energy

From dinky dorm kitchen to burgeoning energy drink empire

Company Information
Location
Durham, North Carolina
Year Founded
2012
Company Size
11-50 employees
Data as of Publication on Aug. 11, 2020
Company Description

Five years ago, in a Duke University dorm room, something unusual was brewing. It was tea designed to eke out every bit of caffeine and antioxidants its little leaves contained. The brewmaster was undergrad Tatiana Birgisson, who had an aversion to coffee, but wanted a healthy energy booster. Soon, she was hauling kegs of her concoction in her two-door Toyota Yaris to small local businesses, whose employees preferred it to Red Bull. Over the past few years the half-Icelandic, half-Venezuelan U.S. citizen has turned from dorm-room tinkerer to the chief executive of Mati Energy, the maker of the health-drink-energy-drink hybrid of the same name that's expected to bring in $1 million in revenue this year (the company is valued at $5.5 million). The unique product is a lightly carbonated fruit-juice and guayusa tea blend. It is sold in Whole Foods across the Southeast U.S., and soon will be on the shelves of Kroeger and Costco.
Note: All data as of 1/31/16

Neon Roots

The tiny app studio churning out booming startups

Company Information
Industry
Consumer Products & Services
Location
Los Angeles, California
Year Founded
2011
Company Size
11-50 employees
Data as of Publication on Aug. 11, 2020
Company Description

When a celebrity, public figure, or company wants an app built, they often turn to an agency. Ben Lee and Drew Harding had worked at one such agency, and knew all its flaws. They wanted to upend the agency model that included billing clients for time, which led to the frequent creation of feature-heavy, clunky apps. In 2011, they founded a tech studio called Neon Roots. While the startup builds apps and does development consulting for companies and celebrities, it more closely resembles a private business incubator. That's because before committing to a project, they bring a client through a two-week workshop process called Rootstrap, which they developed to analyze the market fit and viability of the proposed project, and to hone it before any costly programming begins. Neon Roots has worked with more than 100 clients, including companies such as Spotify and Epson, and celebrities such as Tony Robbins and Snoop Dogg.
Note: All data as of 1/31/16

Neurensic

Meet Wall Street's new A.I. sheriffs

Company Information
Industry
Business Products & Services
Location
Chicago, Illinois
Year Founded
2015
Company Size
11-50 employees
Data as of Publication on Aug. 11, 2020
Company Description

Neurensic's core product uses artificial intelligence to understand and form its own judgments about the massive amounts of data spit out by the futures trading desks of financial companies. It also looks for compliance anomalies such as Michael Coscia's spoofing activity, as well as other market-skewing tactics that may be perpetrated by rogue traders. "Our artificial intelligence is completely self-adaptive and can learn by itself," says co-founder David Widerhorn. If that sounds a tad futuristic, it is. Neursensic is somewhat in the vanguard, in a nascent market for compliance intelligence that is currently worth about $450 million, according to research firm Aite Group, which forecasts the market will grow to $1 billion in the next 10 years. Today, Neurensic has 45 employees and had revenue of 250,000 for 2015. That's not bad for a company that launched officially in the same year, following a year-long pilot. In addition to Widerhorn, co-founders include Zach Watts, the chief innovation officer, Tim Geannopulos, chief operating officer, and Paul Giedraitis and Jay Vohra, both principals.
Note: All data as of 1/31/16

 

Neutun Labs

Neutun's seizure tracker helps keep epilepsy sufferers safe

Company Information
Industry
Health
Location
Woodbridge, Pennsylvania
Year Founded
2014
Company Size
1-10 employees
Data as of Publication on Aug. 11, 2020
Company Description

Eric Dolan, co-founder of software company Neutun Labs, is clear about the importance of the disease that led him to become an entrepreneur. "Epilepsy is a highly stigmatizing and traumatizing condition," he says. No surprise, then, that he doesn't want to elaborate when he says epilepsy is "in his family." There's no doubt, though, that an intimacy with the condition is the motivating force behind Neutun, which Dolan, a software developer, and his brother Alex, who had just finished a degree in health care informatics, co-founded in 2014. The software company uses digital wearables that are already on the market--such as a Pebble or Apple watch--to track epileptic seizures. When the person wearing the watch starts to move in a way that indicates one coming on, Neutun automatically sends an email or text alert to a family member or caregiver. Neutun is not the first to attempt this. But its approach--using available hardware to create a discrete monitoring system--is relatively new. The company aims to be the standard tracking and notification technology for a variety of seizures, whether they're caused by epilepsy, Parkinson's, Alzheimer's, or another condition.
Note: All data as of 1/31/16