Big news around the office this week – our parent company, Tampa tech startup CoLabs, has raised $6.2 million in investor backing for IntelAgree. CoLabs plans to use the newly raised capital to invest in sales and marketing, implementation services, and integrations. Our team looks forward to sharing what’s in store for the future of the product.
Since we introduced IntelAgree in March, we’ve picked up quite a few early adopters. Our hometown professional sports teams—the Tampa Bay Buccaneers, Tampa Bay Lightning and Tampa Bay Rays—are now IntelAgree customers.
New Board Members
We’re also welcoming two new members to the board of advisors at CoLabs: Otto Berkes and Justin Teague. Berkes, based in New York City, is one of the four founders of the Xbox. He spent 18 years at Microsoft working on mobile computing and touch-based devices. He also led the development of the HBO GO streaming platform, and served as CTO for CA Technologies.
Teague, based in Boston, is the CEO of SmartBear Software, leveraged by organizations including Adobe, JetBlue, MasterCard, and Microsoft. Teague has spent the last 20 years in high-growth software environments driving revenues and operating margin improvements for businesses ranging in size from $10 million to $600 million in revenue.
Our CEO David Hull says it best: “We are energized to continue pushing the limits of what’s possible through artificial intelligence and machine learning. Our vision is to continue this growth trajectory by offering game-changing solutions and innovations for businesses to improve processes, reduce risk and increase profit.”
You can read more about the capital raise here:
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