Copy
Friday, Aug. 9, 2019
Powered by BostInno
Share This
Post This
Tweet This
Forward The Beat
Become a Sponsor

First Off

Rowan: We made it to Friday! A long week means it was jam-packed, which is a good problem to have as a news outlet. Still, I'm looking forward to the weekend—I am attending not one but two yard sales, the first one starting at 8 a.m. tomorrow. 💀

Before you start weekending, Sri has news.


The Big One

A breakdown on the day’s biggest Inno story.


Sri: New York-based Lemonade Insurance, a company that uses behavioral science and artificial intelligence, launched in Massachusetts on Thursday.

The company was founded in 2015 by Shai Wininger and Daniel Schreiber as the world’s first peer-to-peer insurance carrier and hired noted behavioral economist Dan Ariely in 2016. According to Yael Wissner-Levy, vice president of communications at Lemonade, as its chief behavioral officer, Ariely was instrumental in designing systems using his research to mitigate risks and ensure to align the interests of both the insurers and the insured. Lemonade policies start from $5 and go up based on a number of factors like users’ personal property.

The company’s business model, messaging and product experience are based on Ariely’s 15-year-old research on human behavior, specifically on honesty, to decrease fraud and increase trust among policyholders.

The company does this by putting Ariely’s research to use when users file an insurance claim. Policyholders are asked to sign an honesty pledge at the start of the claims process that “gets them into the mindset of being truthful,” Wissner-Levy wrote in an email.

Its target audience is first-time insurance buyers under the age of 35 and urban. According to Wissner-Levy, Lemonade has seen an increasing number of homeowners switching to Lemonade.

Read more: Armed with AI and Behavioral Economics, Insurance Startup Lemonade Launches in Mass.


In The Know

The Inno stories you need to read today.


Elsewhere in Inno

Stories from around the Inno network we think you'll dig.


Making Moves

Inside the people, companies and organizations making moves in Boston.


Rowan: Boston-based Cerevel Therapeutics is relocating its headquarters to Cambridge Crossing, an office that will give the neurological disease drug developer room to quadruple its headcount in the coming years. 

Sri: Crunchbase News reports that in terms of venture capital funding, Greater Boston has had its slowest July since 2014.

New Money

Your daily funding roundup.

Sri: Cambridge Crops raised $4M in seed funding. Led by The Engine, the venture capital firm launched by MIT in 2016 to invest in early-stage "Tough Tech" companies, the round includes participation from Refactor Capital, Closed Loop Ventures, Bluestein & Associates, SOSV and Supply Chain Ventures. (We profiled Cambridge Crops in May.)

Rowan: Ally Therapeutics, a Cambridge-based gene therapy company and a project of George Church, raised $10M in an $11M funding round, according to an SEC filing. 

Sri: RailPod, a Boston-based company that inspects railroads to get better track infrastructure data, raised $8.4M in a funding round, according to an SEC filing. 

Rowan: Cambridge-based cell therapy startup Cellino Biotech raised $4M in equity and debt, according to two separate SEC filings. 


Player Personnel

Who’s moving where.

Rowan: Boston-based IT resilience company Zerto hired Emily Weeks as the director of sales for east Americas and Eric Barnhart as the director of channel sales in the Americas. 

Sri: Karen Hebert-Maccaro has been named the CEO of Babson Executive Education.

Rowan: Boston-based digital health company CompanionMx appointed Dr. Carl D. Marc to the position of chief medical officer.


In The Community

The events and happenings to know about tonight and this week.

Emma: Astronomy After Hours: Who doesn’t love the dinosaurs and electricity show at the Museum of Science? Well, did you know they have after-hour events? Join the museum for an astronomically fun night, full of space-themed activities. If weather permits, telescopes will be available. Viewings, times and locations will be finalized on the day of the program. Find out more here.
8:30 p.m., 1 Science Park, Boston, free


Opportunities

Do you know when to open the door?

Rowan: Applications are open for the Insight Data Science Fellows program. It consists of a seven-week curriculum, after which fellows interview with mentor companies and are offered jobs. The amount of time it takes each fellow to receive and accept an offer varies, but after completing all the interviews, five to eight weeks after the end of Insight, each should have one or more job offers from companies and be ready to start their career as a data scientist, the company says. Applications for the winter session close Monday.  


From Our Partners

AWS New England Community: Innovation Expo & BBQ – August 15 – 4pm-9pm

Pinnacle Tech Partners: This is a FREE event, with exciting keynote speakers from AWS, Aviatrix, Ingram Micro and more, as well as an Innovation Expo, where you can meet some key cloud players and demo some cool stuff. PLUS, there’s a BBQ party with Blue Ribbon BBQ, a craft beer garden, live music and competitive games. Don’t miss it! More info & registration here


Read This Right Now

Insight and analysis from the community and beyond.

Sri: April Glaser writes in Slate that the techlash has come to Stanford. "The dream of starting a company in your dorm room to solve the world’s problems and make billions in the process is still thriving on campus. But a competing dream, perhaps just as old, appears to be growing in fervor now, too: to use technical skills as an insurance policy against dystopia. Students have not failed to notice the unflattering headlines that have dogged Silicon Valley over the past several years—the seemingly unending scandals in which the biggest technology companies in the world have mishandled user data, facilitated the spread of misinformation, and sold software to the agencies enforcing the Trump administration’s harsh immigration agenda. All of this has sparked new conversations inside and outside the classroom, and there are signs that the once-reliable pipeline between Stanford and Silicon Valley is narrowing—at least a tiny bit."


Random

The fun stuff.

Rowan: People keep stealing the “old town road” signs in Wellesley.


 

Featured Jobs

Featured startup and tech jobs on BostInno's new Careers Directory.

Was this email forwarded to you? Sign up here.

Interested in sponsoring this email?
Contact Conrad for more information: cpaquette@americaninno.com

Have a tip or scoop? Submit it anonymously.

Meet The Authors
Rowan Walrath
rwalrath@americaninno.com
Srividya (Sri) Kalyanaraman
skalyanaraman@americaninno.com

Follow
Like
LinkedIn
Instagram
Copyright © 2019 BostInno, All rights reserved.