GenLogs Investing in its Workforce with the Catalyst Grant
February 5, 2024
Arlington announced that it awarded $225K to five Arlington-based startup companies as part of the Arlington Innovation Fund (AIF) Catalyst Grant Program. The Catalyst Grant Program is a tool to help increase funding for early-stage technology startups through technical assistance and non-dilutive, co-investment grants ranging from $25,000 – $50,000.
GenLogs Corporation, one of the five grantees, is an artificial intelligence company that optimizes ground freight supply chains by deploying a distributed sensor network throughout major US freight lanes. These sensors will implement proprietary AI technology to uniquely fingerprint tractor-trailers. We spoke to Ryan Joyce, CEO of GenLogs, to learn more about the company and how they plan to invest the grant into growing their startup.
Tell us about your company and how it will innovate your respective industry?
Ryan: Genlogs is building the foundational freight intelligence platforms by fusing a nationwide network of proprietary roadside sensors with disparate open-source and commercial datasets. The data is poised to unlock capacity within the fragmented freight industry for another $7 trillion of goods to flow through the US economy. GenLogs’ data is already being used to combat $30 billion of annual fraud/theft, human trafficking, and the flow of deadly fentanyl. We are building unbreakable supply chains to make America safer and stronger.
How will grant funding from the Arlington Innovation Fund impact your growth plans?
Ryan: As a data-driven AI company, GenLogs is ingesting and analyzing mountains of data each day about the 4 million trucks crisscrossing our nation’s highways. This requires smart, scalable infrastructure and the requisite engineers and data scientists to making it all function so the data can flow smoothly to our customers. GenLogs will be investing the AIF grant into hiring America’s best and brightest technologists and deploying additional sensors in critical locations, such as the US-Mexico border region.
How long has your company been in Arlington and what made you choose Arlington as a place to do business?
Ryan: I moved into Arlington in 2015 and GenLogs was founded in Arlington in April 2023. In fact, my cofounders hammered out our partnership agreement at The Commentary in the Westin in Ballston, just one block away from the Arlington Economic Development offices. The access to talent, capital, and industry regulators in Arlington is simply unparalleled.
Arlington also awarded grant funding to four other Arlington startups: Dispatchr Technologies, LLC, Freely Payments, LLC, Phalanx and Seamless Transition.
Applications for the second cohort of Catalyst Grantees are now open and close on March 10, 2024. For more information about the Arlington Innovation Fund and/or to apply for the next round of funding, please visit www.arlingtoneconomicdevelopment.com/aif.