Docurated Closes $3.75M Series A Funding Round
Funds Will Accelerate Development of Document Management Solution Used by Sales, Marketing and Technology Teams at Fortune 500 Companies
NEW YORK, February 6, 2014-- Docurated, whose document management platform instantly transforms file storage solutions such as Box, Dropbox, SharePoint, Google Drive and file servers into searchable and actionable content, has closed a $3.75 million Series A financing round.
The round was led by Rogers Venture Partners (RVP) whose General Partner Voytek Siewierski has joined Docurated’s board. Existing investors also participated.
Solving the Growing Information Retrieval Problem
While document storage is getting cheaper, the cost of information retrieval is exponentially growing. With Docurated, users can instantly find and use the exact and most relevant page, paragraph, slide, or chart they need, without opening a single file or folder, regardless of where it is stored. By saving hundreds of hours a month for customers, Docurated delivers unprecedented ROI and increased revenue per employee.
“The #1 problem in enterprise IT is 'where did I save that document?' With Docurated, it does not matter. The Company’s early success in providing economic value and productivity gains to Fortune 500 companies in multiple verticals validates the technology and use cases, and confirms that the company has the right team and strategy in place,” said RVP General Partner Voytek Siewierski.
Finding That Which Couldn’t Previously Be Found
Leading technology, consumer goods, publishing and professional services firms are rapidly adopting Docurated to drive productivity gains and to enable revenue focused employees to instantly find and reuse content stored—and all-too-frequently buried—in document repositories.
Expanding Sales, Marketing and Engineering Resources
This investment will help Docurated add sales and marketing resources to meet soaring customer demand, as well as technical staff to further enhance search intelligence, mobile capabilities, collaboration features and expand file storage vendor support.
“We’re delighted that RVP has joined our existing investors in helping us disrupt the old file-and-folder paradigm with a far more user-friendly solution that makes content and document management systems and repositories what they should be - useful,” added Docurated CEO Alex Gorbansky. “The RVP partners have extensive domain expertise and will be instrumental in helping us expand our growing customer base.”
About Rogers Venture Partners
Rogers Venture Partners (RVP) is a venture capital fund headquartered in Palo Alto, CA. Every RVP General Partner has an international operating background and extensive operational experience in the high tech industry. At RVP, we partner with the entrepreneur in a mutual commitment of working towards a common vision of revolutionizing the status quo. For more information, go to: www.rogersvp.com
Docurated’s cloud-based solutions offer the fastest and simplest way to find and use content. With Docurated’s smart approach to document management, customers drive more economic value out of existing storage investments. It’s the end of files, folders and document tagging. Docurated enables users to instantly find and use the exact and most relevant page, paragraph, slide and chart without opening a single folder or file. Content in shared drives and commercial systems like SharePoint, Box and Dropbox instantly becomes visually searchable and actionable. For more information on how Docurated helps enterprises transform information into insight and happy productive employees, visit www.docurated.com.
Treble Public Relations
Ethan Parker, 512-485-3016
Venture Capital Database