Rocket Engines & Startup Fuel: NM, Abodo, & More WI Headlines
Summary
It’s time to catch up on recent Wisconsin innovation news, including more funding for startups and expanded production of rocket engines in the Madison area. —Abodo, a Madison-based apartment-hunting website, recently raised $3.6 million in equity funding, plus an undisclosed amount of debt financing, a spokesperson told Xconomy. —Scanalytics, a seven-year-old startup that developed sensors and software to help customers track the movement of people through physical spaces, is relocating its headquarters from Milwaukee to Chicago, after landing a deal with McCormick Place to install a “smart floor system” across the 2.6 million square feet of exhibit space in the Windy City’s convention center. Scanalytics isn’t abandoning Wisconsin though: It plans to keep most of its 20 employees in Milwaukee, as well as a team in Madison, CEO and co-founder Joe Scanlin told BizTimes Media. GNS will apply its machine learning and simulation technologies to crunch de-identified data from 4 million patients in Wisconsin, or about 70 percent of the state’s population.
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