M-Dot Network Wins Fourth Annual Amazon Web Services Start-Up Challenge, Receives $100,000 in Cash a
SEATTLE--(BUSINESS WIRE)--Amazon Web Services LLC (AWS), an Amazon.com company (NASDAQ: AMZN), today announced M-Dot Network as the winner of the fourth annual AWS Start-Up Challenge. The global competition received more than 1,500 applications from 22 countries across North America, Asia Pacific and Europe. M-Dot Network was awarded $50,000 in cash and $50,000 in AWS service credits at the finale event in Palo Alto, California. During the final round of judging, seven finalists presented their businesses to representatives from AWS and leading venture capital firms. M-Dot Network was selected based on its implementation of AWS solutions, originality and creativity, likelihood of long-term success, and how well the business addresses a need in the marketplace. Amazon Web Services provides highly scalable technology infrastructure that enables organizations around the world to instantly acquire compute power, storage, and other on-demand services in the cloud. To learn more about AWS, visit: http://aws.amazon.com.
M-Dot Network’s high-speed transaction network provides real-time connectivity between Internet and mobile based technologies to in-store retail point of sale systems for the purpose of enabling immediate redemption of digital coupons and incentives. \"We are honored and excited to win the AWS Start-Up Challenge,\" said Mike Kavis, CTO, M-Dot Network. \"Two years ago, we set out on a bootstrap budget to enable consumers to store digital coupons and incentives online and then conveniently redeem them at physical retail locations through seamless connection with point of sale systems. We always like to tell the story about how we created a full service demo on AWS for only $86. By building our business on AWS, we can process one million concurrent transactions in a tenth of a second without ever having to buy or lease a physical datacenter, purchase hardware or hire dedicated datacenter staff.”