# RStudio, PBC

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/rstudio-pbc

- Industry: Software
- Headquarters: Boston, US
- Website: www.rstudio.com
- Total disclosed funding: $161M
- Latest round: Series B (May 27, 2021)
- Investors on record: 2

## About

RStudio, PBC, specializes in open-source software solutions for data science, enhancing workflows in scientific research and technical communication across various sectors.Founded in 2009, RStudio, PBC operates from its headquarters in Boston, US. The company provides software solutions for data science, evolving its offerings to include various tools for R and Python environments. The founder and CEO, JJ Allaire, has a background in developing platforms that facilitate data science, having previously founded other technology ventures. RStudio, PBC has successfully raised a total of USD 161.28 mn, with its latest funding round, Series B, completed on May 27, 2021, featuring investment from Brighton Park Capital and other investors.RStudio, PBC offers a range of products designed to support data science and technical communication. Their offerings include Posit Connect, enabling secure sharing of dynamic data applications; Posit Workbench, which centralizes management for RStudio, Jupyter, and VS Code; and Posit Package Manager, focused on managing scalable repositories for Python and R. These solutions cater to clients in pharmaceuticals, financial services, and the public sector, aiming to enhance collaborative efforts in data-driven projects across North America, Europe, and Asia.RStudio, PBC generates revenue through subscription models and partnerships with enterprise clients, who purchase licenses for their software tools. Their transactions are typically structured under annual or multi-year agreements, granting access to flagship products like Posit Connect and Posit Workbench. This revenue model supports ongoing development and robust client support for their suite of data science solutions.With the recent funding of USD 161.28 mn from May 2021, RStudio, PBC plans to enhance its product offerings and expand into new markets. The company is focusing on the development of new tools to streamline data science workflows further. Plans include targeting growth in the European and Asian markets over the next couple of years. Additionally, the funding will be directed toward the continued improvement of existing products and the introduction of innovative features to attract a wider user base.

## Funding rounds

- Series B, May 27, 2021, $161M — Pillar, Brighton Park Capital

## Investors

- Pillar (https://capitalatlas.ai/funds/pillar) — Series B
- Brighton Park Capital (https://capitalatlas.ai/funds/brighton-park-capital) — Series B