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Machine Learning-Enabled Sales Research Assistant, Zymewire, Among Latest Cohort to Graduate Toronto's Creative Destruction Lab

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Machine Learning-Enabled Sales Research Assistant, Zymewire, Among Latest Cohort to Graduate Toronto's Creative Destruction Lab

Currently supporting contract service companies in pharma/biotech, the Canadian startup looks to quickly accelerate growth and expand team size

PR Newswire

TORONTO, July 31, 2018 /PRNewswire-PRWeb/ -- Zymewire, a SaaS company developing machine learning-based solutions for commercial teams, announced their graduation from the 2017/2018 Artificial Intelligence stream of the Creative Destruction Lab (CDL) program at the University of Toronto's Rotman School of Management. Zymewire uses deep learning to create insights about any company, identifying what they have done in the past, what they are doing now, and what they intend to do in the future. Their first application is a digital sales research assistant that helps business development teams uncover new opportunities for sales growth by combining this deep market intelligence with existing internal data.

After being selected for the program from over 600 applicant companies in September 2017, Zymewire is among 60 ventures in the latest cohort to graduate. "There is no question we emerged as a different company than when we started 8 months prior. Through the CDL network and the advice we received throughout the program, we now have a clear path to our next major revenue inflection point and clarity around what our company will look like as we add the next 85 team members" said Pete Bastedo, Zymewire's CEO & Co-Founder. "The depth of expertise and raw intelligence in the room at CDL is just humbling: everyone from leading academic luminaries of AI through to entrepreneurs who have built billion dollar companies from the ground up. CDL gave us the chance to to sit down with dozens of incredible thought leaders and get insight and advice into how to move Zymewire forward in every way." said Ryan Drake-Stoker, Zymewire's CTO & Co-Founder.

After completing CDL, Zymewire now has their sights set on adding members to their team and expanding upon the success that they have achieved. "We have big plans in the future across many more industries and verticals where we see applications of our machine learning-based technologies!"

About Zymewire
Zymewire provides the machine learning-enabled digital sales research assistant, helping sales professionals identify new opportunities for growth by combining deep market intelligence with existing internal data, all without having to rely on analyst-populated databases. Supporting business development teams at more than 230 pharmaceutical and biotech service providers worldwide, Zymewire has become the trusted resource for sales research and prospecting. For more information, please visit: http://www.zymewire.com

About the Creative Destruction Lab
The Creative Destruction Lab (CDL) is a seed-stage program for massively scalable, science-based companies. The nine-month program employs an objectives-based mentoring process with the goal of maximizing equity-value creation. The CDL is particularly suited to early stage companies with links to university research labs. Launched in 2012 at the Rotman School of Management at the University of Toronto, the program has now expanded with locations in Vancouver, Calgary, Montreal, Halifax, and New York City. Companies that graduated from the Lab's first five cohorts between 2012 and 2017 have generated more than $2.5 billion (CAD) in aggregate equity value. CDL graduates include Atomwise (San Francisco), Deep Genomics (Toronto), Thalmic Labs (Waterloo), Nymi (Toronto), Automat (Montreal), BenchSci (Toronto), Kyndi (Palo Alto), Kepler (Toronto), and Heuritech (Paris).

All media inquiries may be sent to:

Sean Cannon, Marketing Manager
sean.cannon@zymewire.com

 

SOURCE Zymewire

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