# Catalyte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/catalyte

- Industry: Software
- Headquarters: Baltimore, US
- Website: www.catalyte.io
- Total disclosed funding: $33M
- Latest round: Series A (Jun 29, 2023)
- Investors on record: 11

## About

Catalyte, Inc., based in Baltimore, Maryland, specializes in AI-driven talent acquisition and apprenticeship solutions, focusing on enhancing hiring processes for employers while preparing diverse talent for tech roles.Founded in 2000, Catalyte, Inc. is dedicated to transforming the hiring process through innovative AI technology. The company has raised USD 1.52 mn in Series A funding led by Green Street Impact Partners as of June 29, 2023, with a total amount raised of USD 1.52 mn and a current company valuation of USD 95.586 mn. The CEO is Jacob Hsu and Matthew Derella, who are instrumental in driving the company’s strategy.Catalyte's primary offerings center around AI-driven talent acquisition and apprenticeship solutions aimed at enhancing the hiring process for employers while preparing diverse talent for immediate deployment in tech roles. Their core product leverages advanced machine learning algorithms analyzing over 200,000 data points to assess applicants' potential based on non-traditional metrics. This approach identifies high-potential candidates from various backgrounds and facilitates skill development through structured apprenticeship programs. Catalyte serves a diverse clientele including organizations such as Nike and Koch Industries across multiple sectors.Catalyte generates revenue through apprenticeship program fees and partnerships with organizations seeking to enhance their workforce capabilities. Clients engage on a contractual basis for services related to recruitment and training of apprentices or for AI advisory services to streamline their talent acquisition strategies. The pricing structure caters to both B2B clients and direct partnerships, supported by a high conversion rate of apprentices to full-time employees.In June 2023, Catalyte, Inc. raised USD 1.52 mn in Series A funding to support the development and deployment of its programs. The company plans to expand its services into new geographic regions, targeting additional markets in the United States and potentially beyond by 2024. Recent funding will be utilized to enhance the capabilities of their apprenticeship programs, further solidifying their impact in addressing the skills gap in technology.

## Funding rounds

- Series A, Jun 29, 2023, $1.5M — Green Street Impact Partners
- Series A, Feb 14, 2018, $27M — Revolution Ventures, Astro Malaysia Holdings Sdn Bhd, Expon Capital, Palm Drive Capital, Esquel Enterprises Limited
- Series B, Oct 23, 2007, $0.5M — GCM Grosvenor, WWC Capital Group
- Series A, Aug 31, 2006, $0.4M — GCM Grosvenor, WWC Capital Group
- Series A, Sep 25, 2005, $0.8M — Grosvenor, WWC Capital Group, Muse Capital
- Series A, Feb 28, 2005, $2.8M — Grosvenor, WWC Capital Group, Cross Culture Ventures

## Investors

- Grosvenor — Series A
- WWC Capital Group (https://capitalatlas.ai/funds/wwc-capital-group) — Series A, Series B
- Cross Culture Ventures (https://capitalatlas.ai/funds/cross-culture-ventures) — Series A
- Muse Capital (https://capitalatlas.ai/funds/muse-capital) — Series A
- GCM Grosvenor — Series A, Series B
- Revolution Ventures (https://capitalatlas.ai/funds/revolution-ventures) — Series A
- Astro Malaysia Holdings Sdn Bhd — Series A
- Expon Capital (https://capitalatlas.ai/funds/expon-capital) — Series A
- Palm Drive Capital (https://capitalatlas.ai/funds/palm-drive-capital) — Series A
- Esquel Enterprises Limited — Series A
- Green Street Impact Partners (https://capitalatlas.ai/funds/green-street-impact-partners) — Series A