ANN ARBOR, MI and ATLANTA, GA, March 18, 2019 – Groundspeed has been recognized as one of the 2019 “Michigan 50 Companies to Watch,” an awards program presented by Michigan Celebrates Small Business. Groundspeed will be honored at an awards ceremony during the fifteenth annual Michigan Celebrates Small Business gala event, May 8, 2019 in Lansing, Mich.
Led by insurance and technology industry veterans, Groundspeed is a data science and artificial intelligence (AI) company serving commercial property and casualty insurance carriers, brokers and managing general agents (MGAs). Groundspeed’s solutions unlock the value buried within unstructured information such as loss runs, exposure schedules and policy data to automate core processes and provide powerful predictive risk analytics that improve margins, identify profit pools, and improve customer experience.
“We at Groundspeed are very proud to have been chosen as one of the 2019 Michigan 50 Companies to Watch! Since Groundspeed’s founding, every day has been a new and more challenging adventure, and we are so grateful to have had support from our community to be able to take on these challenges to enable positive change for our customers,” said Jeff Mason, Founder and Co-CEO of Groundspeed.
Companies who are selected as a “Michigan 50 Companies to Watch” are a remarkable group of second-stage companies. Defined as having 6 to 99 full-time-equivalent employees and generating $750,000 to $50 million in annual revenue or working capital from investors or grants, these companies form the backbone of Michigan’s economy. Representing all regions of the state and a diverse range of industries, companies like Groundspeed are known for their exceptional entrepreneurial leadership, creation of innovation or use of innovation in creative ways, and their sustainable competitive advantage.
“We at the Michigan Celebrates Small Business organization are proud to recognize these exceptional companies. They are a tremendous part of Michigan’s success and we are excited to see what the future holds for them,” said J.D. Collins, State Director of the Michigan Small Business Development Center and a member of the Michigan Celebrates Small Business Board of Directors.
Winners were selected by Michigan-based judges from the banking, economic development, entrepreneurship development, and venture capital communities. The selected companies also go through a rigorous due diligence process.
Michigan 50 Companies to Watch is presented by Michigan Celebrates Small Business. The program received nearly 600 award nominations in 2019, which surpassed the last year’s record of 425 nominations.
Michigan Celebrates Small Business (MCSB) is a collaboration of trusted statewide founding organizations who offer resources for small businesses. Since 2005, Michigan Celebrates Small Business awards gala has placed a spotlight on how small businesses positively impact our communities and state. The MCSB organization is focused on supporting, promoting and celebrating small businesses in Michigan.
The Michigan Small Business Development Center is the managing partner of Michigan Celebrates Small Business in 2019. Michigan Celebrates Small Business was founded by the Michigan Small Business Development Center, Michigan Economic Development Corporation, U.S. Small Business Administration – Michigan, Edward Lowe Foundation, Michigan Business Network, and the Small Business Association of Michigan.
Founding sponsors are the Michigan Economic Development Corporation, PNC Bank, AF Group, and Dynamic Edge, Inc.
Information about Michigan Celebrates Small Business can be found at www.MichiganCelebrates.org.