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Government CIO Outlook | Monday, August 24, 2020
Hangar has raised $15 million to help to develop organizations that can solve the problems that governments have failed to tackle effectively.
FREMONT, CA: The Bloomberg digital campaign advisor and venture studio founder, Josh Mendelsohn, considers that cash-constrained government agencies from the local to the federal level are not utilizing technology efficiently enough. Therefore, the Founder of Engine and former Managing Director of Hattery has introduced Hangar with a $15 million commitment from his employer and the Kresge Foundation endowment. This will help Hangar develop organizations that can solve problems that governments have failed to tackle effectively.
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Mendelsohn stated this is an exceptional moment for the country, and many organizations are dealing with numerous significant challenges all at once. They are fighting against Covid-19, upgrading the economy, decreasing the expense of higher education, and focusing on the different healthcare sector outcomes.
The organization has already started to employ an in-house team of technologists and business consultants to build businesses that will nab some of the $2 trillion, which the governments across the U.S. spend each year on IT.
Since Mendelsohn has started to operate the company-building studio in stealth mode, Hangar has already developed four businesses. The business includes Camber. It offers mobility data to governments and utilized by public health researchers to monitor and manage COVID-19 outbreaks (presently, Camber is the authoritative provider of mobility data insights to public health researchers, epidemiologists, and state governments tackling COVID-19). Cornea is a predictive toolkit that can be used for disaster planning and management. Outcome is a new service that students can use for loans, and Roster utilizes technology to improve community health workers' efforts.
Brian O'Kelley, a New York-based serial entrepreneur and Hangar investor who earlier founded AppNexus (and sold it to AT&T for over $1 billion) said in a press release that there are many sectors like healthcare and disaster planning, which are ready for innovation and new technologies that will help them enhance the lives and well-being of people and solve real issues. With the assistance of a veteran team that combines Silicon Valley tech and policy experience, Hangar is already making a difference, and he is proud to support the next stage.
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