$1.5 million in grants going to 300 Summit County small businesses

More than 300 small businesses in Summit County will receive a total of more than $1.5 million in funding through a program created to provide emergency relief during the coronavirus pandemic. Summit County and the Greater Akron Chamber of Commerce announced Wednesday that 311 small businesses in the county will receive funding from the COVID-19

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ReadySet Surgical Closes $5.5M Series A Funding Round

JumpStart NEXT Fund Leads Round, Senior Partner Rem Harris Joins Board of Directors ReadySet Surgical, a Healthcare IT company on a mission to drive efficiency and compliance within the surgical supply chain, has announced a $5.5 Million Series A financing led by Cleveland-based JumpStart Inc.’s NEXT Fund. Also participating in the funding round are all

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Northeast Ohio AI startups want to hire people, not replace them

The Cleveland startup LIFTR uses artificial intelligence (AI) to help companies model how audiences will engage with ads, saving businesses the time and money of traditional A/B testing. Although it just released its first product in January, the company has already attracted a number of significant clients, said co-founder Ted Troxell. Still, as he looks

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MedPilot lands $1.5 million from investors

MedPilot, a Cleveland software company that uses artificial intelligence and machine learning to transform patient billing, moved to Cleveland from New York in 2018 to bring two of its founders back home, and to become part of Northeast Ohio’s growing health care technology sector. Now, it’s heading to its own next stage of growth. MedPilot

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EmployStream Raises $7 Million in Series B Funding for Onboarding Software

EmployStream, the leading provider of onboarding automation to the staffing industry, announced the close of its $7 million Series B funding round led by Plymouth Growth Partners, with support from several key investors including JumpStart, Rev1 Ventures, Ohio Innovation Fund and North Coast Angel Fund. EmployStream will use the capital to expand product development, increase

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OnShift Inc. buys talent acquisition software provider Avesta Systems

OnShift Inc. of Cleveland, which produces hiring, scheduling and employee engagement software used in the health care industry, has bought a Hudson company, Avesta Systems Inc., that provides talent acquisition software and services that streamline recruiting and hiring processes. The companies did not reveal financial terms of the transaction, which was announced in a news

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Axuall Closes $3 Million Seed Round of Financing

Axuall, a next-generation digital network for verifying identity, credentials, and authenticity in real-time, announced today that it closed a $3 million seed financing round with leading strategic, angel, and venture capital investors. Participating in the round are JumpStart (lead), Zapis Capital Group, M25, North Coast Angel Fund, Kettledrum Ventures, and Drummond Road Capital. This round

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