So far the firm has managed to sign on clients like the financial services firm Silicon Valley Bank, the industrial manufacturer Cummins and the security hardware and services company Allegion.
Founded by the management team behind ExactTarget, the High Alpha studio shows how new technology ecosystems can emerge when successful founders reinvest in their local technology ecosystems. The venture studio alone has managed to spin up 24 new companies that have either been publicly announced or are still in stealth mode, according to Elliott Parker, who joined High Alpha as managing director of Business Design and Corporate Innovation in May of 2018.
And those companies have already raised $140 million in follow-on funding, Parker said.
Parker heads the new High Alpha Innovation business and has already launched one company in conjunction with Cummins, the startup Anvl, which coaches field technicians on how to be safer on the job when they’re working with big machines.
“We got really good at this venture studio model and big companies started to reach out to us,” …read more
Thank you Source: Startups