After spinning out of CU Boulder and emerging from stealth earlier this year, connectivity software startup Stateless has opened a new Boulder HQ and has aggressive plans to grow in the city.
Murad Kablan founded Stateless in 2016 with Eric Keller, his former PhD advisor, as the duo saw an opportunity to redesign network connectivity. The company took part in Techstars Boulder a year later and closed its first $1.5 million seed round in 2017.
By the end of 2018, Stateless had 13 employees and was on the verge of a major company milestone. Months later, it emerged from stealth with an $11.33 million Series A, led by Drive Capital with participation from existing investor Speedinvest.
In May, Stateless launched its initial product, Luxon, a software-defined interconnected platform that allows providers to control and connect to every endpoint, including portfolio data centers, tenant sites and hyperscale clouds.
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As if Stateless wasn’t busy enough in 2019, the company recently moved into a new 17,000-square-foot facility located at 5710 Flatiron Parkway in Boulder.
Kablan said the company’s growth necessitated a move out of its previous 3,000-square-foot space, but he was hopeful to remain in Boulder.
“From a culture standpoint, we wanted to be a Boulder company,” he said. “We were looking at offices that can maintain our growth. We didn’t want to over-purchase a large space.”
With the rush of companies relocating or expanding to Colorado to capitalize on the growing startup ecosystem, Kablan said finding a space was challenging and took Stateless a year.
Now that Stateless has put down roots in Boulder, the company is looking to more than double the size of its team in the next 18 months, from 50 employees to approximately 130.
“We’re growing, looking for awesome people not just from a tech perspective, but from a culture and value-add perspective,” he said.
As Kablan looks to grow Stateless in Boulder, he said the company hasn’t had trouble with talent attraction, primarily due to the technology it's building and the culture it has created.
“I totally believe that we can build it, not only in Colorado, but here in Boulder,” he said.
Stateless is looking to grow its software engineering team and has open jobs posted on its website.
