Formed in 2012, the Lowertown St. Paul startup has earned over 30 enterprise customers using their unique video training platform, driving revenues well into the six figures. They’ve previously raised angel investment — including from alma mater University of St. Thomas via Norris Institute.
The Techstars Cloud program, a niche of the original Techstars model, focuses on companies building cloud infrastructure, developer platforms, and other technical products. Techstars portfolio companies generally receive cash ($20k), mentorship, and connections in exchange for a 6% stake in the company.
Ilos is one of 11 startups particicipating in the fourth class, chosen from over 1,000 applicants around the world. They will represent Minnesota for the next three months in lead up to a demo day scheduled for February 11 in Texas.
“We’re extremely excited to be here!” says Ilos cofounder and CEO Nick Stokman. “We do plan to return to Minnesota,” he reassures. For a sense of what Ilos is all about, here’s an interview with Stokman earlier this year at Beta.MN: