MyBuys Inc. provides personalized product recommendations to online reatilers’ customers. Currently based out of Redwood City CA, MyBuys intends to invest $5.4 million into an Ann Arbor presence. This will bring an estimated 250 jobs to the local workforce. CEO, Bob Cell, is a U of M graduate and lobbied for the tech firm to make the move. MyBuys recently secured $10 million in funding.
Sakti3 is a University of Michigan spinoff run by CEO (and U of M professor) Ann Marie Sastry. Sastry has not released many specifics about her company, however Sakti3 plans to infuse about $1.1 million into the Ann Arbor economy and create 112 new jobs. They hope to commercialize a manufacturing process in Ann Arbor for the development of high-power automotive batteries primarily for electric vehicles.
Both companies fit the bill for “knowledge-based” jobs that support a global economy. Each have already secured high-tech tax credits from the Michigan Economic Develop Corp. If these companies hit their goals, they would become two of the largest Ann Arbor companies in the alternative energy and IT sectors.
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