The day you’ve been waiting for has arrived. It’s time to meet the 2022 Rhode Island Inno on Fire honorees.
This year’s Inno on Fire companies were selected based on nominations you sent in. These companies have demonstrated their success in raising funds, launching new products, bringing in new customers, growing their Rhode Island footprint and supporting the local community and innovation ecosystem.
Now, let’s meet the 2022 Rhode Island Inno on Fire honorees:
Flux Marine: This company closed out 2021 by winning two awards for best new product and best new green product at the Newport International Boat Show. And thus far in 2022, Bristol-based Flux Marine closed an oversubscribed $15.5 million Series A funding round to scale its manufacturing of electric outboard motors. Flux Marine also secured $1.9 million in tax credits from the state of Rhode Island for its anticipated hiring of at least 88 full-time employees in the state over the next ten years.
Dibbs Inc.: In February 2022, Dibbs Inc. launched its new app: A one-stop shop for homeowners seeking construction supplies and services. The app is available in Massachusetts and Rhode Island. The launch was driven by a $2.5 million seed funding round. The company said its advisors include leaders from Ariba, LinkedIn, DocuSign, HubSpot and Snowflake. Dibbs was also awarded the 2022 American Business Award for Startup of The Year.
Intus Care: Intus Care was founded in 2019 by Brown University undergraduate students. The Providence-based company is creating a health care analytics platform to identify risks, visualize trends and optimize care. In the last year, Intus Care raised $3.1 million in funding and expanded by more than 10 full-time employees. In 2021, the startup worked with the Michigan-based PACE center and showed that its platform could save the provider around $147,000 per quarter, reducing their inpatient admission rate by 54%.
Marstone Inc.: Marstone has been busy, raising a $5 million Series A round that brought its total funding to over $20M, rolling out a new Wealth Management-as-a-Service product and, most recently, bringing a new goal-based financial planning platform, Maps, to market. The fintech company automates the investing process for retail clients and says it reduces back-office costs for financial institutions that offer it.
Virgin Pulse: This company’s healthcare platform, Homebase for Health, has become a one-stop-shop for all things health, streamlining access to a range of resources, coaches, and tools to help people build healthy behaviors. In the last year Virgin Pulse has added dozens of partner solutions to its platform. The company also appointed a new CEO and several executives to help it scale. Virgin Pulse also acquired two companies, Advanced Plan for Health and Welltok, to bring more data, predictive analytics and other technologies to its portfolio.
