As reported by the Buffalo News, this year's 43North startup competition emphasized the crucial role of AI in startup innovation, with 10 out of 15 semifinalists having an AI component in their product or business.
The article highlights two Buffalo-based startups that have both been supported by the University at Buffalo — BosonQ Psi and Offerwell.
BosonQ Psi, a Buffalo transplant from India, leverages quantum algorithms to provide faster simulation solutions for aerospace, design defense partners, and heavy-industry manufacturers. BosonQ Psi counts Elma-based Moog Inc. among its customers and has formed a partnership with UB. Founder Abhishek Chopra is working on a $4.5 million seed round for expansion.
Offerwell, the other Buffalo company, streamlines transactions for real estate agents and provides real-time data and analytics through an AI platform. CEO Simon Mahfoud reports that Offerwell supports about a third of the real estate agents in Western New York, facilitating around $150 million in home sales.
Read the full article here.