Few startup markets are as competitive and thriving as Massachusetts and, more specifically, Boston. Ranging from crypto goldmines to plant-based meat alternatives, the talent is far-ranging, making the Bay State one of the hottest markets in the country. Despite a cut-throat market, these successful startups are making it work in the Commonwealth’s thriving startup scene.
Motif
Perfectly coinciding with the rise of alternative meat options, Motif has made a name for itself in the plant-based food space. While the company was first created with the goal of producing ingredients that secondary companies could use to make their own plant-based products, Motif soon came to develop its own line of food that was met with rave reviews across the board. Alternatives include beef, pork, and chicken, all of which could be sold directly to third-party distributors interested in expanding their plant-based line. Shifting their model from an ingredient supply business to selling the foods directly has not been a breeze for Motif -- but a process that is nevertheless proving worthwhile.
Kintent
One group that recently earned major funding is Kintent, which helps companies meet compliance standards. Receiving funding from both TolaCapital and Openview and led by a powerful team aiming to close the affordability and thoroughness gap in compliant software companies currently on the market, Kintent is already making waves. In a nutshell, Kintent is helping to make sure all SaaS companies are up to code and working with strong security to ensure the safety of all parties involved, including meeting standards like HIPAA. The increased funding is set to go toward continuing to expand and helping to round out the expansion team, including sales agents.
https://techcrunch.com/2022/05/03/kintent-aims-to-automate-away-enterprise-compliance-tasks/
Flipside Crypto
Crypto has taken the world by storm in recent years, both positively and negatively, with harsh crashes and falling values lately. One startup in the cryptocurrency space, Flipside Crypto, is aiming to use blockchain tech to grow with the market and one day rival brick and mortar institutions that have been the long-standing norm. To help do this, the company has recently received a $50 million investment to be used for expansion and continuing to source crypto’s next biggest thing in decentralized finance.
Phoenix Tailings
Focused on mining and increased output that makes economic and sustainable sense, Phoenix Tailings is bravely challenging the most established mining companies out there. One of the primary approaches is taking the traditional mining waste, called tailing ponds, and using this waste to extract the remaining important metals that primary companies typically cast aside. Some of these refined metals are valuable enough to be used in phones, cars, and the aerospace industry, yet so many companies skip over the opportunity. Based in Woburn, Phoenix Tailings is set to completely disrupt the market in the most sustainable and economically sound approach.
https://www.bostonglobe.com/2022/05/12/business/woburn-startup-aims-break-chinas-grip-rare-metals/