Many startups took place in 2020, which made a pretty big impact in the new year.
Here are some of them.
1. Solidia294
When it comes to climate change, cement production is a major culprit, accounting for about 7 percent of the world's greenhouse gas emissions. New Jersey-based Solidia uses a patented process to address this problem.
2. Shape Therapeutics606
Seattle-based Shape Therapeutics is developing technology that would modify human RNA to correct mutations or eliminate diseases.
3. Better.com243
New York City-based Better.com258 is trying to upend the antiquated mortgage application process by bringing it online.
4. Afresh402
U.S. retailers throw out $18 billion worth of spoiled food every year, which is bad for both the bottom line and the environment. San Francisco startup Afresh359 creates software that uses algorithms and artificial intelligence to help stores optimize their fresh food inventories and cut back on waste.
5. Understory264
Madison, Wisconsin-based Understory builds weather sensors that collect 125,000 data points per second, tracking things like precipitation, wind, temperature, air pressure, and humidity. In 2019, the company partnered with insurance firm MSI GuaranteedWeather. The data it collects will help determine payouts for hail-related auto insurance claims--a new approach to insurance that could make payouts faster and more accurate. Next, the startup is looking to move into structural and agricultural insurance.
6. Movandi951
The rollout of 5G, the fifth-generation wireless network, began in 2019 and will ramp up in 2020. But some experts worry that the technology, which has huge potential thanks to its ability to transfer large amounts of data quickly, won't be as accessible to those outside of high-density areas. Movandi, based in Irvine, California, aims to remedy that. The startup creates technology that broadens the reach of 5G spectrum bands.
7. Petal322
Petal determines whether you're eligible for a credit card using factors like your income and bank statements.