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Remembering Why We’re Here - 2014 Year in Review
In 2014, Captricity experienced significant growth, with sales increasing over seven times and monthly recurring revenue growing thirty-fold compared to 2013. The company raised $14 million in Series B funding, established partnerships, and advanced its mission to democratize data access, serving organizations hampered by paper-bound processes. Looking ahead, Captricity aims to enhance product offerings with a focus on information security, scalability, and specialized solutions for various organizations.
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Remembering Why We’re Here - 2014 Year in Review
- 1. Remembering Why We’re Here AYear in Review by Kuang Chen, PhD Captricity CEO
- 2. Captricity is GrowingUp As a new dad (my son was born in August, and my daughter just turned 3 years old), I am sometimes jokingly reminded, “Just wait ’til the teenage years.” Every parent hopes their kids will get through uncomfortable growth with confidence, inspiration, laughter and only minor growing pains. -1-
- 3.
- 4. Captricity’s Coming ofAge Growing by leaps and bounds Experiencing new challenges in ways we didn’t even know possible Finding our identity and belonging in the market -3-
- 5.
- 6. -5- Sales grew morethan 7X... 2013 2014
- 7. -6- Monthly recurring revenue increased30X... 2013 2014
- 8. We helped ourcustomers digitize 2.5 times more data in 2014 (vs. 2013) and...
- 9. Surpassed 50 MILLION datatotal fields for the year! 2013 2014
- 10. 2014 We Raised Series BFunding
- 11. -10- Partnerships Our continued growthis made possible by close partnerships with our two major investors: Atlas Venture The Social+Capital Partnership &
- 12. -11- Series B In June,we closed our Series B, bringing our total funding to $14 million.
- 13. Captricity’s “Moonshot Idea” Wewere recognized by MIT Technology Review as an innovator in the humanitarian sector and I was asked by Google to give a Solve for X talk about Captricity’s “moonshot” idea... -12-
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- 15.
- 16. “What if VeteransAffairs had the same level of data fluency as Google or Amazon?”
- 17. Data Backlogs Why shouldn’tthe VA, which has struggled with data backlogs like thousands of other organizations, make data-driven decisions with modern competency? -16-
- 18. Data Access Gap Awide swath of organizations around the world are inherently paper-bound because they must serve everyone (by mandate or mission), so they find themselves on the wrong side of the data access gap. In 2014, we found our place working with these organizations. -17-
- 19. Partnerships We’ve had majorswins at: NewYorkLife FEC -18- &
- 20. We also continue topartner with nonprofits.
- 21.
- 22. “I can’t quitedescribe it in words: it’s the way that we care for each other and for the work.”
- 23. Long Term Mission Webelieve in the long term view of our mission: To build a significant and sustainable company, so we can continue to drive down our costs and increase functionality and universalize data access for organizations. -22-
- 24. Short Term View Andwe believe in the short term view: Captricity.org. We are offering nonprofits our services at an affordable cost to give them much needed access to data. -23-
- 25. Short Term View In2014 we helped: -24- Short Term View
- 26.
- 27. Challenge Weeks When ourengineers get to work on whatever features they choose to, they create important things like... Data Standardization GPU Accelerated Computer Vision Algorithms New ETL Engine Automatically Generated Web Forms -26-
- 28. And once inawhile, we also get stuff like this.
- 29.
- 30. -29- True Believers We grewthe team from 12 employees to 36 true believers in our mission to democratize data access.
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- 32. Our Values Over whiteboards,brainstorms and surveys, we figured out how to articulate our core values... -31-
- 33. Data empowers peopleto impact the world for the better Clever solutions to “unsolvable” problems Data over intuition Relentless focus on customer value and user experience Meet our customers where they are Transparency and accountability with customers and each other In it together Remember why we’re here
- 34.
- 35. New Office We movedto a swanky new office with a killer view. -34-
- 36. And once ina while, we got out.
- 37.
- 38. For many ofour customers, Captricity represents the first surefooted step in ‘going digital’.
- 39. Using Captricity Organizations wework with use Captricity to access and store customer data so they can better serve those customers. -38- A B C D
- 40. -39- In 2015 andBeyond We will continue to invest in developing the product into increasingly robust solutions for accessing and managing customer-generated data.
- 41. In 2015 andBeyond We will have special focus on: -40- Information Security ScalabilityAccuracy End-to-end Solutions Specialized for Organizations That Serve Everyone
- 42.
- 43. To our brightfuture, Kuang Chen
- 44.