Archimedes Labs is a Palo Alto based incubator founded in 2005 by Keith Teare and Mike Arrington. Following TechCrunch's acquisition by AOL in 2010 it was reborn.
Today the partners include Keith Teare; and Kambiz Hooshmand (Stratacom, Cisco, Applied Micro and Silver Lake).
Archimedes is an incubator in the style of BetaWorks. It runs as a virtual studio and develops its own ideas into independent companies, it also partners with entrepreneurs through its acceleration program. On occasion it makes pure investments.
Archimedes is focused on the mobile software, Cloud infrastructure for Mobile, Internet of Places (including beacons. sensors and big data) and Internet of People.
Its standard acceleration package involves a convertible note, for 10% equity ownership. The note converts on a qualified financing as agreed between the company and Archimedes. Should the qualified financing not happen Archimedes owns no equity. There is no formal application process. Companies are selected on an ongoing basis based on the fit with Archimedes focus.
So far more than 80% of Archimedes accelerated companies have gone on to raise more capital.
|May, 2016||StylesCloud||undisclosed amount / Venture||Kambiz Hooshmand|
|Aug, 2014||Hiro Baby||$500k / Seed (Lead)||Keith Teare|
|Jun, 2014||ContextPlane||$1M / Seed (Lead)||Keith Teare|
|Apr, 2014||chat.center Inc||$385k / Seed (Lead)||Keith Teare|
|Mar, 2014||just.me Inc||$50k / Seed (Lead)||Keith Teare|
|Jan, 2014||just.me Inc||$25k / Seed (Lead)||Keith Teare|
|Dec, 2013||Hiro Baby||$40k / Seed (Lead)||Keith Teare|
|Nov, 2013||Loop Survey||undisclosed amount / Seed (Lead)||Kevin Doerr|
|Oct, 2013||xTV Networks||undisclosed amount / Angel (Lead)||Keith Teare|
|May, 2013||TapFame||undisclosed amount / Seed (Lead)||Matt Kaufman|
|Apr, 2013||Retrace||$100k / Seed||Keith Teare|
|Jan, 2013||Sunshine||$240k / Angel (Lead)||Keith Teare|
|Aug, 2012||Kwicr||undisclosed amount / Seed (Lead)||Kambiz Hooshmand|
|Jul, 2012||M.dot||$100k / Seed (Lead)||Keith Teare|
|Nov, 2011||Incident Technologies||$745k / Seed (Lead)||Keith Teare|
|Jul, 2011||Blurtt||undisclosed amount / Seed (Lead)||Keith Teare|
|Apr, 2011||Quixey||$400k / Seed (Lead)||Keith Teare|
|Jan, 2011||Broomstick Productions||undisclosed amount / Seed (Lead)||Keith Teare|
|Jan, 2011||just.me Inc||$50k / Seed (Lead)||Keith Teare|
Current Team (5)Update
|Feb 23, 2014||TechCrunch - Mobile Is From Mars, Facebook Is From Venus, And WhatsApp Is Ephemeral|
|Feb 16, 2014||TechCrunch - Shutting Down Blurtt|
|Jan 3, 2014||TechCrunch - Retired Messaging Platform Just.me Reveals Chance, A New App For Random Chats|
|Dec 3, 2013||TechCrunch - The New Just.me Wins Auction For The Old Just.me’s Assets|
|Nov 15, 2013||TechCrunch - Just.me’s Assets Are For Sale, And Founder Keith Teare Wants To Buy Them|
|Nov 6, 2013||TechCrunch - Discover “The Red Web” At TechCrunch Shanghai, November 19-20|
|Jul 31, 2013||TechCrunch - Just.me Chases Instagram With Quickie Selfies Plus Filters To Mask Your #Me Shot|
|Jul 11, 2013||TechCrunch - Messaging App Just.me Lands On Android, After Pulling In 250,000+ iOS Users In 90 Days|
La Calle Court
Palo Alto, CA 94306