Thayer Ventures Announces Investment in RS21 Data Science Company
Summary
The company plans to use the funding to create 30 additional jobs over the next two years, increase the pipeline of its data analytics service industry and capitalize on its ability to evolve its most promising technologies into products. "We are thrilled to partner with RS21 and continue our investment in the New Mexico economy," said Mark Farrell, Managing Director of Thayer Ventures. "The companys innovative approach to socially responsible AI and data-driven tools is already disrupting the government and commercial industries, and we believe that with our investment and support, RS21 is poised for significant growth over the next few years.Charles Rath, RS21 President and CEO, added, "We are excited to have Thayer Ventures as a partner in our journey to enabling more organizations to make better, smarter, faster decisions based on empirical evidence. With offices in Albuquerque, NM and Washington, DC, RS21 is an Inc. 5000 fastest-growing company three years in a row, a Stevie Gold winner two years in a row and a Fast Company Best Workplace for Innovators.We help clients achieve programmatic goals, improve efficiencies, reduce costs, and maximize productivity using MOTHR, our human-centered, artificial intelligence engine that allows users to seamlessly integrate data and reveal insights at hyper speed. Recent consumer trends have accelerated this disruption for operators across the travel world, creating unprecedented opportunities for technology providers to make significant inroads into what was previously a closed market.With offices in San Francisco, CA and Santa Fe, NM, Thayer has been investing in the New Mexico economy since 2018.