• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechStartups & Venture

5 Tech Startups to Watch in Durham, N.C.

By
Richard Morgan
Richard Morgan
Down Arrow Button Icon
By
Richard Morgan
Richard Morgan
Down Arrow Button Icon
March 13, 2016, 10:00 AM ET
Durham
Photo: Courtesy of American Underground

The old tobacco town of Durham is ablaze with tech know-how, home to companies large (IBM (IBM), EMC (EMC)) and small. Many are part of ­American ­Underground, a community by the former campus of the ­American ­Tobacco Co. Here are five to watch.

1. CloudFactory
Cloud-based software and 3,000 workers in Kenya and Nepal power this service, aimed at on-demand tasks, such as video captioning for ESPN and image tagging for Microsoft (MSFT).

2. CrowdTunes
The app, which allows a venue’s patrons to bid on the music they want to hear, has partnered with bars, universities, and even Applebee’s. Instead of $1 jukebox plays, bids go as high as $24—and users can “nuke” unwanted songs by paying five times a song’s current value.

For more on startups, watch this Fortune video:

3. ShoeBoxed
This service combines a human team and automated optical-character-recognition technology to digitize business cards and receipts for more than 1 million people. Its QuickBooks- and Evernote-ready output is intended to streamline expense reports, tax returns, and other back-office mundanities.

4. SoloPro
Founded last year, this no-commission real estate service raised $1.6 million from investors (such as home-improvement giant Lowe’s) (LOW) to unbundle the home-buying process into à la carte options. A 3% rebate on the purchase (for buyers) and flat fees for typically unpaid tasks (for agents) keep everyone happy.

5. First
Billed as “predictive intel for real estate,” this startup crunches 370 data points (your kids’ age, the car you own, your income) to message you, with a 74% success rate, at the moment you are statistically most likely to seek your first home.

A version of this article appears in the March 1, 2016 issue of Fortune with the headline “Location of Interest: Durham, N.C.”

About the Author
By Richard Morgan
See full bioRight Arrow Button Icon
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.