A Serial Entrepreneur Chooses Philadelphia for His Next Venture
Even the smallest businesses today are swimming in data, making it tough for their owners to search through the information quickly and efficiently. Stitch 'ata aims to change that. The employee 3hiladelphia startup, founded in -uly , connects all of a company’s data sources into one central “data warehouse” so they can use analysis tools and machine learning models to mine it.
'You can build amazing reports," says Robert J. Moore, co-founder and chairman of Stitch Data.
Moore has plenty of experience on that front. In 2009, he co founded 5-Metrics, which helps small and midsize businesses use big data techniques to make better decisions. After the firm was recruited by Magento in , he and RJMetrics co founder Jake Stein recruited many of their former colleagues to create Stitch Data. "We were able to get some of our best talent on board," he says.
His strong team caught the eye of investors. The company raised an undisclosed amount from Silicon Valley venture firms August Capital and Trinity Ventures, and its fast growth has already broken the $1 million revenue mark.
Operating in a startup friendly city has helped, Moore says. "One of the most challenging things we have to do in an early stage company is to convince people to come work for us," he adds. "It's a whole lot easier to do that when there’s a picture of you standing next to the mayor cutting a ribbon on your office."