AUBURN, AL – AIM Group, the Southeast’s largest angel network, announced today that it has made an equity investment into Silicon Valley-based AI company, ModuleQ. This investment marks AIM Group’s first west coast deal. ModuleQ, led by Founder, David Brunner, leverages artificial intelligence technology for professionals to work smarter in the workplace. By integrating with Microsoft Office 365 and other workflow platforms, ModuleQ is able to identify top priorities based on your natural workflow. The proprietary ModuleQ technology will then begin to act as your personal research assistant by tapping into large databases, the latest news, your calendars and even your company’s internal resources to better equip yourself with all pertinent information, delivered simply.
“Artificial intelligence is in significant demand and ModuleQ’s client-facing applications appear to be the most advanced in the market.” – Jim Corman, Managing Partner at AIM Group
ModuleQ is a people-facing tool for professionals that is powered by unique AI that understands personalized work priorities then automatically delivers timely and relevant content. AIM Group and its investors look forward to partnering with ModuleQ’s management team to continue to develop their go-to-market strategies and further accelerate pipeline-to-customer conversion.
“The sheer brainpower of the management team is shocking. The team is uniquely qualified to build such a sophisticated product.” – Clay Corman, Managing Partner at AIM Group
This is AIM Group’s 5th investment of 2018 and it’s second largest investment since its inception in 2011. Focusing on early stage technology-enabled companies, AIM Group has completed 65 transactions to date deploying over $39 million in invested capital into high growth early stage companies, predominantly in the Southeast. AIM Group has chapters in Nashville, Huntsville, Birmingham, Auburn, Montgomery, Dothan, Mobile and Pensacola.
To round out our 2016 investments, we were excited to find an Alabama-based company with huge potential, Chrono.
Chrono is a Huntsville, Alabama based company that has developed a unique digital distribution platform to market computer games. Chrono markets one game at a time for 24 hours at the lowest price that the game has ever been offered. After 24 hours, a new game is offered for sale. Consumers are initially connected to the website by influencers (gaming professionals) who recommend the game to their followers. Chrono has successfully marketed over 200 games since launching the platform in March of 2016.
Over eight meetings in seven cities, Chrono raised over $800K with AIM Group. While this company is outside of AIM’s normal target portfolio company, we have huge confidence in the management team’s potential and the position this company has in the gaming market.
In November 2016, we added a new company to our portfolio, Bioscape.
Bioscape is an Atlanta based company that provides a tablet based platform installed in hospital rooms for use by the patient. Features includes real time patient feedback to the hospital, games, food ordering, promotion of future heath care services that the patient may need, instructional videos specific to the patient’s specific condition and several others. Content is customized for each hospital and within each hospital, customized for each department. Launched in 2014, Bioscape is currently installed in over 45 hospitals.
Over eight meetings in seven cities, Bioscape raised $500K with AIM Group. We are already encouraged by the progress made by Bioscape since funding last year.
Our August 2016 presenting company was KIYATEC out of Greenville, South Carolina.
KIYATEC is ushering in a new world of cancer drug response profiling that use living cells grown and tested in a more relevant 3D tumor microenvironment. They are dedicated to changing how the pharmaceutical industry and clinicians evaluate, test and deliver innovative cancer therapeutics.
Over eight meetings in seven cities, KIYATEC raised almost $700K with AIM Group. While we see this investment as one of the more risky in our portfolio, we believe the upside will be huge.
Our June 2016 presenting company was Axial Exchange out of Raleigh, North Carolina.
Axial Exchange is a software company that provides a suite of services designed to help hospitals manage and coordinate patient care once the patient leaves the hospital (Post Acute Care Coordination). Recent mandates by Medicare and other insurance providers have recently started requiring that hospitals and similar organizations provide this post acute care coordination in a significant number of cases and will accelerate the requirement over the next few years.
Over eight meetings in six cities, Axial raised over $600K with AIM Group. We are excited for the future of this company and the continued investment and participation as they grow.