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August 6, 2019 | Drexel University Research Magazine
In 2017, eight employees of the startup HeavyWater moved into ic@3401 to complete development of a disruptive AI program that speeds the mortgage loan approval process. The founders quickly found collaborators with AI expertise among the faculty and students of Drexel’s College of Computing & Informatics, also located in the building. They also received introductions to local angels and help with a crucial CFO hire from the incubator’s organizers. Just 13 months later, the startup was acquired by publicly traded Black Knight and graduated to new offices in Center City Philadelphia with a team of 19.
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