Thirteen graduating companies comprise one of the incubator’s largest and most diverse graduating class of founders
ATLANTA — The Advanced Technology Development Center (ATDC), Georgia’s technology incubator, announced today 13 startups will graduate from the program’s top-tier Signature portfolio.
The 2022 class marks some significant milestones for ATDC, a program of the Georgia Institute of Technology’s Enterprise Innovation Institute. The 13 startups constitute one of the most diverse and largest graduating class in ATDC’s 42-year history.
Eight of the companies have diverse founders or co-founders, including four women.
The ATDC Class of 2022 also brings the total number of graduating startups to more than 210 companies. Collectively, the ATDC Class of 2022 has raised more than $216.7 million in capital from investors since January 2021.
“This is an outstanding and spectacular class of graduates,” said Chris Nedza, ATDC’s lead entrepreneur in residence. “This group of founders are gamechangers and disruptors in cybersecurity, artificial intelligence, insurance, energy, ecommerce, artificial intelligence, and information security. We are extremely proud of the ATDC Class of 2022 and all their achievements.”
One of the graduating companies, Apptega, founded by Armistead Whitney, works to address challenges that companies of all sizes face in implementing effective cybersecurity.
Being part of the ATDC experience helped the company navigate the challenges all startups face as well as scale successfully, he said.
“Starting a company from scratch is long, exciting, painful, and rewarding all at once. ATDC delivers the support, infrastructure, and guidance critical to our success,” Whitney said. “Sharing issues with other CEOs, receiving advice from the entrepreneurs in residence, getting connected to capital, and participating in programs at Georgia Tech gave us a huge competitive advantage not only to survive, but to thrive.”
Similarly, OncoLens, a leading data and clinical decision support hub that supports the multi-disciplinary discussion of cancer cases by experts and care teams, credits ATDC with its growth trajectory.
In the past four years, the company, co-founded by Anju Mathew and Dr. Lijo Simpson, has expanded to serve nearly 200 clients, including international customers.
“The favorite part of our ATDC experience has been the guidance received from ATDC catalysts and mentors,” Mathew, the company’s CEO, said. “The ability to engage with other startups and learn from each other is so key for early founders. And Aubrey Lenyard (ATDC Community Engagement Manager), is of course, just the best.”
The ATDC Class of 2021 will be honored October 27 in a special ceremony being held on the Georgia Tech campus.
The class includes:
- Apptega: Makes it easy for businesses to build, manage, and report their cybersecurity programs while meeting regulatory requirements.
- Buckle: Provides insurance to ride share drivers using new data, technology, and analytics.
- Carbice: Produces multifunctional material solutions from Carbice® Nanotube Technology that set the standard for performance, reliability, and low-cost assembly within the world’s most important electronic, energy, and industrial products.
- cove.tool: A web-based software platform for analyzing, drawing, engineering, and connecting data for building design and construction.
- DataSeers: A big data platform for reconciliation, compliance, fraud, and analytics in the financial services sector.
- Field Pros Direct: The industry’s first on-demand adjusters’ network.
- Layr: InsureTech business that builds software to automate and digitize insurance brokerages’ smallbusiness departments.
- Momnt: Helps merchants and merchant networks master the art of lending.
- OncoLens: A healthcare technology company that enables the development of the best treatment plan for each cancer case.
- SmartCommerce: Its technology platform enables one-click conversion from any digital impulse point, into any retailer cart.
- Tonic: Anonymizes production data.
- Voxie: Technology platform to connect with customers via text message, build real relationships, and turn those relationships into action.
- Worthix: Customer survey platform built with artificial intelligence to help marketers pinpoint the “why behind the buy.”
It was important to Marty Young, Buckle’s co-founder, to be part of an incubator equally dedicated to finding technology companies focused on substantive impact for the better along with ensuring their overall success.
“As Buckle has grown its efforts to transform financial services offerings for an underserved audience of gig drivers, it has been a privilege to be surrounded by ATDC companies that are similarly focused on making a difference for their core target groups,” Young said. “In addition, Atlanta has been a center of gravity for Buckle since the first days of our formation, and it remains important to us to be active and connected in the communities where we live and operate.”
Companies in the ATDC Signature portfolio are those deemed most ready for long-term growth and success. ATDC Signature is a rigorous, metrics-driven, and milestones-based program for companies with transformative products.
To graduate from ATDC Signature, startups must meet several milestones, including annualized recurring revenue of at least $1 million, an identified scalable business model, and the ability to finance growth.
“ATDC has allowed Carbice to grow from an idea to a thriving leader in the thermal solutions market,” said Baratunde Cola, the company’s founder and professor in Georgia Tech’s George W. Woodruff’s School of Mechanical Engineering. “The best part of the company’s time at ATDCwas the ability to learn how to build and scale a manufacturing operation with the support of Georgia Tech and ATDC every step of the way.”
About the Advanced Technology Development Center (ATDC)
The Advanced Technology Development Center (ATDC), a program of the Georgia Institute of Technology, is the state of Georgia’s technology startup incubator. Founded in 1980 by the Georgia General Assembly, which funds it each year, ATDC’s mission is to work with entrepreneurs in Georgia to help them learn, launch, scale, and succeed in the creation of viable, disruptive technology companies. Since its founding, ATDC has grown to become one of the longest running and most successful university-affiliated incubators in the United States, with its graduate startup companies raising $3 billion in investment financing and generating more than $12 billion in revenue in the state of Georgia. To learn more, visit atdc.org.