# Digital Reef

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digital-reef

- Industry: Software
- Headquarters: Maynard, US
- Website: www.digitalreefinc.com
- Total disclosed funding: $20M
- Latest round: Series B (Oct 1, 2008)
- Investors on record: 2

## About

Digital Reef Inc. is a specialized provider of innovative data management and analytics solutions, focused on simplifying the challenges of managing large-scale data environments for various industries.Digital Reef Inc. was founded in 2006 in Maynard, US, and specializes in data management solutions. The company has undergone three funding rounds, with the most recent being a Series B round in October 2012, where they raised USD 10.00 mn from investors including Matrix Partners and Pilot House Ventures. The firm was acquired by TransPerfect Translations International in October 2012. The company was co-founded by Jeffrey Thomas and Piers Slater, who have been instrumental in its development and strategic direction.Digital Reef Inc. specializes in providing innovative solutions for data management and analytics, particularly in large-scale data environments. The company's flagship products include advanced analytics software that streamlines data processing and enhances decision-making capabilities for enterprises, primarily servicing the financial services, healthcare, and telecommunications sectors. These solutions empower clients to optimize data usage for compliance and strategic decision-making, catering to a diverse clientele of large corporations and government agencies across North America and Europe.Digital Reef generates revenue primarily through a subscription-based model, offering clients access to its suite of analytics and data management tools via annual licenses. This B2B framework establishes long-term partnerships with clients, facilitating consistent revenue through contractual agreements. The comprehensive nature of the company's solutions influences its pricing structure, with potential tiers based on deployment scale and service level, fostering loyalty among its clientele and contributing to predictable revenue flows.Digital Reef plans to leverage recent funding for further product development and market expansion. The company is focused on launching new data management solutions designed to enhance its existing offerings, with releases expected to take place by late 2023. Additionally, Digital Reef aims to expand its reach into European markets, targeting specific countries to establish a stronger presence by 2024. The recent funding will support these initiatives, enhancing product innovation and facilitating entry into new geographic areas.

## Funding rounds

- Series B, Oct 1, 2008, $10M — Matrix Partners, Pilot House Ventures
- Series A, Jun 1, 2006, $10M — Matrix Partners

## Investors

- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B
- Pilot House Ventures (https://capitalatlas.ai/funds/pilot-house-ventures) — Series B