202401 Feb

Stell helps engineers focus on building, not paperwork

Summary

The company has developed a tool for requirements management that allows teams to track, verify and validate requirements on complex projects.Requirements management is such a process-heavy, clunky workflow and all the tools right now are really failing at the user interface and being something the majority of team members at companies can use, Stell co-founder and CEO Malory McLemore explained in a recent interview.She should know: McLemore is an engineer by training, with past work stints at major enterprises like Airbus and Raytheon, as well as manufacturing startup Hadrian. She founded Stell in 2022 with Anne Wen, a professional with experience in venture capital and getting space startups off the ground.The pair met at Harvard Business School, and shared the view that complex engineering was overburdened by paperwork and insufficient workflows. I think it is hard to compete, mostly because theres just an inertia because its been so long since theres been a competitor in the space that has been able to match the workflows that exist in that tool.It can really hobble these big projects and lead to mistakes.Like many early-stage software startups, the company is learning as it goes. Right now, they are actively selling licenses to their requirements management product, which has features like search, linking, permissioning and the ability to display technical contracts as a document and a matrix. Its also far from the norm: When I was an aerospace engineer, I had to know what document number I was looking for, I had to know what page to scroll to, I had to have this model in my head of exactly where information was stored in it, McLemore said.Stell has three early customers, all in the space industry, and the company was just awarded a $1.24 million direct-to-Phase II SBIR through the Air Forces AFWERX program often the very customer thats flowing down the requirements to the aerospace companies.The team now stands at six, and they plan on using some of the new capital to hire a few more engineers and an individual dedicated to compliance and cybersecurity.

Source: Techcrunch

Funding

$4M
Amount
Feb 01 2024
Date
-
Investor
Stell
Company

Classifications

Companies