With many businesses looking for ways to cut expenditures amid extended uncertainty, a local startup’s tech solution has helped it see rapid growth despite an economic downturn due to the pandemic.
Dallas-based K2View, a data integration and delivery software provider, announced closing on its first funding round for $28 million to help continue its growth into new markets. The round was led by the tech-focused investment firm Forestay Capital and joined by Israeli VC firm Genesis Partners.
“At a very basic level, K2View’s technology enables the world’s largest and most complex enterprises to get instant access to any piece of data in their organization, regardless of where it sits, and get that data to any application or process that needs it in milliseconds,” Achi Rotem, CEO and co-founder at K2View, told NTX Inno in an email
DataOps-focused K2View, which was founded in 2009, uses a data management software it calls K2View Fabric. The technology allows enterprise businesses to collect, compile and integrate data from any source, from social media to cloud storage and legacy systems, and deliver it to an end user or application.
While the company was founded in Israel, it moved its headquarters to North Texas in 2016, about a year after launching its platform. Since then, K2View has grown its office footprint in the U.S., Israel and Europe and its team size to about 150. K2View declined to provide data on the company’s workforce demographics to NTX Inno.
Last year, the company took the No. 20 spot in the SMU Cox School of Business list of fastest-growing entrepreneurial companies, after seeing 100 percent year-over-year annual growth. And according to the company, even since the pandemic, it has seen a 75 percent compound annual growth rate in its revenue.
“Everything we do is laser-focused around solving big companies’ hardest data problems, fast,” Rotem said. “Word of what our customers have been able to accomplish with our technology is starting to get around and we’re growing because of it. Honestly, up to this point, our customers have been our best salespeople.”
The company attributes its recent growth to the pressure the pandemic has put on businesses to do more with less resources. Rotem added that post-pandemic the ability for companies to quickly engage with their customers will be key.
With the new funding, K2View plans to take its product into new markets like health care, logistics, financial services and telecom. It also said it will use the funding to help it develop faster and more cost-effective technology, while building out its sales and marketing teams.
“I want to continue to build the kind of company that takes great care of its people, who in turn take great care of our customers. If we keep doing that, all the other things will take care of themselves,” Rotem said.
