Gearflow won VentureCat pitch contest. The online marketplace for construction equipment won a prize of $162,000. It’ll use the funds to hire another engineer so that it can rebuild its site. [Built In Chicago]
Tech companies, including Cleo and The Mom Project, pledged to support working parents. The “Invest in Parents” initiative aims to find ways to support parents who have to juggle homeschooling kids with working full-time during the pandemic. Several nonprofits are involved. [Axios]
Oracle’s Innovation Lab working toward social distance solutions. Prior to the pandemic, the company was already working on remote building solutions. It uses AI to monitor progress and to encourage social distancing on construction sites. [Built In Chicago]
Ontario Systems bought SwervePay. The Indiana-based payment collections software company wants to improve its electronic payment processing abilities. To do this, it acquired Chicago-headquartered SwervePay, which facilitates payments in the accounts receivable management and healthcare industries. [PYMNTS]
DataCubes rebranded to Convr. The Chicago insuretech startup wants to simplify the underwriting process. Its new name, which stands for convergence, speaks to its mission to combine technology and decision-making during the underwriting process. [ChicagoInno]
