Catalyst DevWorks Raises $11.5M in Funding
Summary
Catalyst DevWorks, a Baltimore MD-based provider of a platform that applies predictive analytics to assembling teams of software engineers, raised $11.5m in financing.Backers included Salem Investment Partners.The company intends to use the funds to add marketing and sales capabilities, hire technologists and continue to evolve its Platform for both internal use and licensing to clients.Led by Michael Rosenbaum, CEO, Catalyst DevWorks provides an outsourced application development business and talent platform that leverages data and predictive analytics to hire and assemble software development teams.The company uses its technology to a) assemble outsourced agile engineering teams that can be rapidly deployed to client projects, and b) offers a cloud-based platform to enable clients to use analytics to accelerate and improve their own teams of full-time employee software.