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SOFTWARE (NON-INTERNET/MOBILE) | Scientific, Engineering Software

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About Parafin

Parafin is a software using generative design algorithms for rapid prototyping of building designs to radically quicken the site selection process. Using a proprietary technique called Value-Integrated Parametric Design (VIPD), Parafin generates millions of building designs in minutes, each tied to a financial model.

Parafin Headquarter Location

222 W. Merchandise Mart Suite 1212

Chicago, Illinois, 60654,

United States

Latest Parafin News

Meet the Robinhood mafia: These 10 former employees are raising millions of dollars for their own startups

Feb 4, 2021

What is it: Flannel is building developer tools for businesses to embed "faster payments" in their software. We don't know much else about the company, which is still in beta. The startup's founders caught the attention of two early investors in Robinhood — Index Ventures and Susa Ventures — who participated in a funding round with Accel. Leaders from Robinhood, Stripe, Visa, and Acorns also joined the round, according to Flannel's website . The total raised was not disclosed. Who are the founders: Before they joined forces at Flannel, Shah and Zhong started at Robinhood the same month in 2015. The early engineers had their hands on building the backend that powers trading, creating the data infrastructure from scratch, and bringing the clearing system in-house, which allowed Robinhood to cut trading fees and grow profits. Dean Yim joined Robinhood pre-launch and became head of brokerage operations. A screenshot of Loop Support's website. Loop Support What it is: Loop Support builds customer support teams that automatically scale up and down, in response to demand. Founded in 2016, the startup went through Y Combinator in 2017. They've since handled over a million customer support inquiries. Who is the founder: Dean Yim, a very early employee of Robinhood, was the director of brokerage operations from 2014 through 2015. He built the customer support function and led development of a feature that let users access their funds faster. "Working at Robinhood was the greatest learning experience of my life. I learned so much there- including how to do customer support at a rapidly-growing startup," Yim told Insider. Daniel Zou is a software engineer with a crypto background. Daniel Zou Company: Stealth What it is: Zou is building a social-gaming company out of startup incubator On Deck, but he's keeping the details under wraps for now. Who is the founder: Zou finished his bachelor's degree early and started his career in tech at Jump Trading, a brokerage firm for buying and selling cryptocurrencies. It also provides the infrastructure for crypto-trading on Robinhood. He moved over to Robinhood in 2018, where he worked as an engineer focused on user growth. Matthew Pearson is a user experience savant. The MoonShade is a portable vehicle awning. Company: Moon Fabrications What it is: Founded in 2018, the company makes a portable vehicle awning so car-campers and van-dwellers can relax under the shade. In general, companies that make it easier to enjoy the outdoors are enjoying a surge in profit and activity during the ongoing lockdowns. Who is the founder: Pearson has spent the better part of a decade as a user researcher. At Airbnb, he helped make the experience more magical for hosts and guests, leveraging his training in behavioral economics to remove pain points for users. In 2016, he joined Robinhood, where he led a small team of researchers charged with "concepting, designing, refining, and evaluating product changes," according to Pearson's LinkedIn profile . Vineet Goel, Ralph Furmaniak, Sahill Poddar were Robinhood's data all-stars. A screenshot of Parafin's website. Parafin What it is: Parafin advances cash to marketplaces for spreading around to the small businesses that sell goods on those marketplaces. It's offering "capital as a service." The company says its goal is to "democratize access to growth capital," taking a cue from Robinhood's mission statement : "democratize finance for all." Who are the founders: The company brings together three of the most influential data scientists at Robinhood, who joined the company between 2015 and 2016. Goel built the risk and fraud team, tasked with preventing payments and identity fraud. Furman used data to help the support team respond to requests faster and created a recommendation system for buying similar stocks. And Poddar, who was a data scientist at Facebook before he joined Robinhood, was head of machine learning engineering. They regrouped to start Parafin in August. The company has raised an undisclosed amount of funding from Robinhood investors Index Ventures, Ribbit Capital, and SV Angel, as well as an elite group of fintech founders including the heads of Robinhood, DoorDash, Carta, and Chime, according to Parafin's website. Jaspal Bainiwal started his career in tech at Robinhood. A screenshot of Tokra's website. What it is: Tokra is a grocery delivery business that lets people buy food direct from farmers. The company is still in beta, but anyone can sign up for the waitlist on Tokra's website . Who is the founder: Bainiwal took a job out of college as a business operations associate at Robinhood in 2015. The next year, he went back to school to get his computer science degree. For Bainiwal, Tokra may just be a side project. His profile on LinkedIn says he's looking for software engineering work. Bainiwal did not respond to Insider's request for comment. Santiago Buenahora jumped from fintech to e-commerce after a year at Robinhood. Uber

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