Social media apps Twitter and Facebook [Illustrative].
(photo credit: REUTERS)
Two job-finding apps and a program to communicate between devices with sound were among the 11 start-ups that graduated from Microsoft Venture’s latest class on Monday.
The corporation’s accelerator, which began in Israel, has become among the world’s most successful. It now operates in seven cities around the world and has graduated 410 companies, 77 percent of which have received follow- on funding averaging $3.3 million. There have also been 23 exits and one IPO among them.
Two of the companies in the group focused on job finding.
Highr.io set up a system for “passive” job browsing, letting users upload an anonymous profile for corporate hirers to browse. If they show interest in the anonymous CV, the job seeker has two days to make his identity known and progress.
Another company, GetJob, focused more on low-tech jobs such as waiter, bartender or babysitter. It lets job seekers browse based on their location.
Taranis, worked on weather forecasting models for agriculture.
Covercy sought to create an alternative to wiring money from one bank to another.
Dov E, one of the more intriguing apps, purported to use sound to send authentication signals between devices, such as a cellphone and a computer; for example, it could easily identify a person trying to make a purchase on a website.
Of the 11 companies in the sixth Israeli class, seven have received further funding.