DALLAS – June 23, 2017 – REVTECH, a Dallas-based seed fund and venture accelerator focused on early-stage innovation, officially announced the names of the companies selected for this year’s Cohort during REVTECH’s new office grand opening celebration. After a carefully crafted selection process, REVTECH’s team picked three outstanding companies that showcase strong entrepreneurial experience and an ability to solve some of the biggest challenges in retail and grocery.
The selected companies will participate in a 12-week program in order to take full advantage of REVTECH’s mentor network and retail resources in the area. This year, the participants are invited to join REVTECH in their new office, a 13,000-sq. ft. space located less than a mile from Northpark Center, the centerpiece of Dallas retail. The workspace will create a robust co-working community to drive real industry engagement and collaborative problem-solving.
“This year’s class includes companies that are innovating complementary strategies for artificial intelligence in the grocery industry,” said David Matthews, REVTECH Managing Director. “Given all the disruption in grocery and retail now, companies need new technology to compete against giants like Walmart and Amazon. There is opportunity for some real synergy, and we’re excited to have these groups join us in our new space to find innovative solutions to meet today’s retail industry’s challenges.”
Each week of the program, the companies will meet with REVTECH’s managing director and mentors, host community events to facilitate learning opportunities, customer connections and introductions, and schedule practice times to perfect their pitching message. Companies will then conclude the program with the chance to pitch at REVTECH’s Fall Tech Trends event.
The 2017 cohort includes: Accel Robotics, Birdzi, and Bottlefly.
Accel Robotics, San Diego, CA – Accel Robotics is a team of PhDs in neuroscience/robotics and product innovators building autonomous service robots to improve customer experiences. Their first product, Omnio, is an AI-enabled shopping assistant designed to deliver smarter in-store service by engaging customers, empowering associates and providing actionable insights.
Birdzi, Iselin, NJ – Birdzi is a provider of a unique personalization platform for retailers and brands to connect to the right shoppers and the right time and place, enabling a seamless, personal and smart shopping experience.
Bottlefly, San Luis Obispo, CA – Bottlefly created a patent-pending method for tracking consumer preferences in sensory-based products. The technology is powered by flavor chemistry, machine learning, and a comprehensive dual-taste preference system for incredibly accurate recommendations.
In addition to these companies, REVTECH is inviting up to four local retail tech startups, nominated by one or more of their mentors, to participate in the acceleration program, with the opportunity for funding at the end of the 12 week program.
In summary, REVTECH has completed nearly $600,000 in investments this spring – follow-on investments in Arcade and Dor Technologies, and new investments in Accel Robotics, Birdzi, and BottleFly. In the fall, their follow-on fund anticipates making up to $400,000 of additional investments in this year’s and prior years’ REVTECH participants.
To learn more about the program, visit http://www.revtechaccelerator.com/faq/.
REVTECH (Retail Technology Ventures) is a Dallas-based venture accelerator and seed fund that works with the best retail, restaurant, and hospitality technology startups across the globe to accelerate their growth. We do this by attracting, mentoring, and connecting experienced entrepreneurs with viable products to talent, customers, and investors.
Our intensive Accelerator Program provides seed funding, access to over 100 experienced mentors with backgrounds in Restaurant, Retail, VC, and Entrepreneurship and office space at the Dallas Entrepreneur Center. The program culminates with the opportunity to pitch at our Fall Tech Trends event. Our 3-day Graduate Program provides recent accelerator or incubator graduates the opportunity to take part in a variety of networking events, learning opportunities, and the ability to make several strategic connections through the REVTECH network. Participants in the Graduate Program also receive a spot at our Spring and/or Fall Tech Trends event. For more information, visit www.revtechaccelerator.com.
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