Monday, February 11, 2013

Seed Round Closed! Recruiting in Earnest!

We recently attended the Cornell College of Engineering Start Up Career Fair in Ithaca.  In talking with various job candidates I realized we were overdue for an update on our blog.  Just to get this out of the way, no we did not get picked for the final round of Boston Shark Tank.  But that's okay because we closed a seed round of $500K which is five times what we'd have won through Boston Shark Tank!

The closing of our seed round comes on the heels of an exciting pivot.  We are going to use our technology platform to provide a track and trace platform for pharmaceuticals and medical devices. We are engaging in discussions on using 121nexus to dynamically track products and provide information about them. It can be used to protect against counterfeiting and also to make product recalls more efficient.  We call this version of our platform - PharTrack, Track long and propser!

We are still going to continue offering 121campaign, but our primary development focus going forward will be on making PharTrack a super awesome platform which will not only save companies millions of dollars but also save lives (by making recalls more effective). 

Now that we've closed our seed round and have a new vision for the next phase of our company we need more people! We're now recruiting full time employees and summer interns.  Here's a little bit of an idea of what it was like to intern with 121nexus last summer. We are serious about getting things done, but we're also serious about having a good time while we're working. If you want move to Providence or spend your summer in Providence making awesome technology, taking on new challenges and working with other bright, high energy people then email us at founders@121nexus.com!  




2 comments:

  1. Congrats on the seed round, Foster and Al!

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    1. Thanks Billy! I hope things are well with you!

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