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ATLANTA — Fyve By Corp., a leader in smart ground operations technology, today announced it has been accepted into the Advanced Technology Development Center’s ATDC Accelerate startup portfolio.
A program of Georgia Tech’s Enterprise Innovation Institute, ATDC is the state of Georgia’s technology startup incubator. It helps entrepreneurs learn, launch, scale, and succeed in creating viable, disruptive technology companies.
Co-founded by Benjamin Youngstrom and Preston LaVangie, Fyve By Corp.’s technology reduces instances of ground movement damage of aircraft for operators across the aviation industry. Such damage costs the aviation industry an estimated $2.8 billion a year, according to the Flight Safety Foundation.
Fyve By leverages the latest in smart visualization technology and IoT innovations to equip those on the frontlines with the best tools to operate safely and efficiently.
“Fyve By is honored to be joining ATDC’s Accelerate program. We are proud to be joining a community of innovation and ingenuity,” said Youngstrom, the company’s CEO. “With such an impressive council of minds surrounding us we are confident that these next few years will see the end of ground movement damage in our industry.”
Companies accepted into ATDC Signature join a rigorous, metrics-driven, and milestones-based program designed for startups with transformative technologies or life sciences products that are ready to scale. ATDC Signature companies have tailored access to coaches, capital, and customers, as well as Georgia Tech resources, including intellectual property, and talent.
“They have enormous potential and are addressing a very difficult and costly problem in the aviation industry. This team is an excellent addition to our portfolio” said Bob Siegel, ATDC’s 5G Connected Future Startup Catalyst. “They’ve created a multilayered approach — utilizing artificial intelligence — for better and safer management of aircraft hangers.”
