Ann Arbor SPARK is proud to announce a significant investment of $150,000 each in two pioneering tech companies, Claira and CubeWorks, through the Michigan Innovation Capital Fund (MICF). These investments are part of SPARK’s commitment to fostering technological innovation and economic growth throughout Michigan.
CubeWorks: Revolutionizing Supply Chain Management
CubeWorks, a spinout from the University of Michigan, has developed groundbreaking millimeter-scale smart sensing technology. This innovative technology offers real-time tracking capabilities that can significantly enhance supply chain management across various industries. CubeWorks’ cloud-connected sensors are designed to be small, lightweight, and durable, making them ideal for remote or hard-to-access locations.
The company’s initial market focus is on biopharma cold chain applications, providing temperature tracking solutions that ensure the quality and compliance of biopharmaceuticals from the ‘first mile’ to the ‘last mile.’ With future plans to expand into the food and beverage, asset tracking, and industrial monitoring sectors, CubeWorks is set to transform how critical and temperature-sensitive logistics are managed.
Claira: Unlocking Hidden Competencies in the Workforce
Claira, based in Grand Rapids, has commercialized a cutting-edge human resource AI platform that enables employers to discover and map employee competencies efficiently. The company’s initial focus is on middle-market industrial firms that employ many “middle-skilled” employees—individuals who may not have college degrees but possess numerous hidden competencies.
Claira’s platform helps businesses fill open positions and roles more effectively by uncovering these hidden skills, ultimately enhancing workforce productivity and satisfaction. Founded by a diverse female entrepreneur, Claira exemplifies the innovative spirit and diverse talent that Michigan’s tech ecosystem nurtures.
Supporting Statewide Innovation
These investments are made possible by the Michigan Innovation Capital Fund, which has allocated $5 million to SPARK over a 2.5-year period to support tech-focused startups across Michigan. This commitment showcases SPARK’s dedication to promoting technological advancement and economic expansion beyond the Ann Arbor area, fostering a robust environment for startups and innovation throughout the state.
Mike Flanagan, vice president of Capital Programs at Ann Arbor SPARK, commented on the investments, stating, “Investing in companies like Claira and CubeWorks aligns perfectly with our mission to drive innovation and economic growth across Michigan. These companies are not only advancing technology in their respective fields but also contributing to the broader goal of making Michigan a hub for tech excellence. We’re excited to support their journeys and see the positive impact they’ll have on our state’s economy.”
