Premoney 42: NanoVMs & FloWaste

Welcome to week 42! This weeks newsletter includes the answer to the ultimate question of life, the universe, and everything…IYKWIM. On another note, these companies are incredible, and a bit different from the companies I’ve previously featured. Please enjoy and let me know what you think.

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This weeks companies:

Company: NanoVMs

Founder: Ian Eyberg

Raise Details: Current crowdfunding here but are open to individual larger checks.

Vertical: DevTools

Business Model: B2B SaaS

1-Liner: NanoVMs Runs Linux Software Fast and Safer than Linux Through Unikernels.

Description:  NanoVMs runs Linux software faster and safer than Linux through unikernels. Unikernels can run 2X as fast on Google Cloud and 3X as fast on AWS. Unikernels don't just deal with container security but Linux security issues. They are single process virtual machines with no usernames, passwords, remote login or shell. Unikernels have an attack surface less than a tenth of a percent of Linux. Unikernels most importantly can only run one and only one application per virtual machine.Linux, the most popular server-side operating system in the world is approaching 30 years old and is roughly the same as Unix which is 50 years old. Linux was released 10 years before commercialized virtualization such as VMWare and 15 years before the public cloud.Unikernels represent a once-in-a-generation opportunity for an operating system company. Don't miss out.

Traction Indicators:

• Revenue from both small companies and F50 alike.

• Awarded 2 SBIRs

• Holds a $950M ID/IQ from the USAF.

• 4 patents filed, 2 issued

• Tens of paid enterprise customers with revenue; thousands of freemium users

Company: FloWaste

Founder: Rian McDonnell

Raise Details: Raising $1M. $250k left to fill.

Vertical: Data, Food

Business Model: B2B

1-Liner: Reducing food waste automatically for cafeterias, quick service and industrial food processors.

Description: FloWaste’s food analytics platform uses proprietary image recognition technology to empower food service providers and industrial food producers to reduce food waste. Using kitchen data, FloWaste allows food service providers to optimize meal preparation, ingredient combinations, and portion sizing, while reducing labor costs, to maximize profits and minimize excess.

Traction Indicators: 

• 3 live paid pilot customers who have just signed agreements to expand to 100+ locations

• $472k in ARR signed in expansion agreements with existing paid pilot customers.

• Pilot agreements with McDonald’s, Facebook’s global campus cafeterias, and the US Air Force.

That’s all for this week - enjoy the last days of summer!

Jake