Location intelligence platform SiteZeus has secured $1.5 million in additional funding led by Chuck Cooper, whom formerly led Paylocity as CIO to its IPO debut in 2014. Several of the original contributors in the Series A also contributed to the additional funding. SiteZeus has raised $4.15 million to date.
Beyond the capital investment, Cooper has also decided to join the SiteZeus team. He will serve as executive vice president of product development, bringing his experience in scaling development teams to the day to day operations of the company. “I look forward to joining the SiteZeus team as well as working on this state-of-the-art product which is on the forefront of delivering all of the power of big data and machine learning in a manner that is intuitive and easy to use,” said Cooper in a statment.
“It is not often you have an individual that is willing to participate as an active investor and colleague. Having an individual like Chuck Cooper join our team further emphasizes that our core vision is predicated on surrounding ourselves with industry leaders and entrepreneurs,” commented Keenan Baldwin, Co-Founder at SiteZeus.
According to Baldwin, SiteZeus has seen tremendous company growth, with 462 percent annualized SaaS revenue growth in Q1, 21 percent month by month growth since 2015 and 634 percent year-over-year total revenue growth.
SiteZeus has combined big data systems and data visualization to build a powerfully accurate location intelligence process – all completely user-driven through web-based technology.
Since the latest round of funding in April 2015, SiteZeus has brought on several partners and customers, including INRIX, UberMedia, AGS (Applied Geographical Solutions) and Restaurant Trends. New customers are turning to the platform due to the company’s ability to leverage location intelligence and big data in new and unique ways, and use a predictive engine to aggregate, consume and distill large datasets into actionable insights in real-time.
“The real estate industry has historically lagged from an innovation and technology standpoint, leading to massive gaps and opportunities that present themselves through more sophisticated intelligence and analytics efficiency needs,” explained Hannibal Baldwin, Co-Founder & CEO at SiteZeus. “We built a platform that solves for both of these gaps simultaneously by delivering a solution that is both extremely intuitive yet powerfully intelligent. Both of these combined create an experience that can reach the masses, yet add exponential value to critical location based decisions.”
With the new funding SiteZeus will expand the team and explore new ways of reaching active or potential customers. The company is also planning to announce several new initiatives, products and partnerships with top brands in key industries.