Prama Inc.
Headquarters: Louisville
Number of employees: 20
Founder: Srinivasa “Raju” Eedarapalli, CEO
Amount of capital raised: $850,000
Description: Prama is a cloud-native, low-code software development platform to rapidly develop and deploy enterprise-class digital solutions, up to 20 times faster and at about one-fifth the cost.
What’s on the horizon for your company in 2023? Platform support for artificial intelligence and nocode analytics.
Why grow your company in/from Kentucky? I have lived in Louisville for much of my life and proudly call it my hometown — a “possibility city” with many blue-sky thinkers. Limited access to capital, talent and much-needed mentorship drives many such thinkers go to the coasts, but wanting to be part of the solution, we launched our company here in Kentucky and intend to grow it from here. Helping these blue-sky thinkers launch their ideas to market at a fraction of the cost and many times the speed is one of the ways we are addressing the core of the capital and talent scarcity issues. It is the scarce capital situation that drove us, Prama, to bootstrap most of our growth thus far.
Give us one bold prediction in 2023 for startups, technology or venture capital/fundraising. We strongly believe that 2023 is going to be a phenomenal back-to-the roots year for startups and technology companies. Instead of valuations driven solely by stardom and obscene multipliers of revenues even while sustaining eye-watering losses, we think the investors as well as entrepreneurs rediscover the “real” startup culture.
That includes building great products, grow them through real usage and leverage those as yardsticks for sustainable funding, disruptive innovation and game-changing technology solutions.
