# Shyft Analytics

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/shyft-analytics

- Industry: Software
- Headquarters: Waltham, US
- Website: www.shyftanalytics.com
- Total disclosed funding: $39M
- Latest round: Series B (Mar 29, 2017)
- Investors on record: 5

## About

Shyft Analytics, Inc. specializes in providing data analytics solutions designed to enhance operational efficiency and decision-making for various organizations.Founded in 2010 and headquartered in Waltham, US, Shyft Analytics, Inc. focuses on delivering advanced analytics solutions to businesses. The company has undergone a strategic pivot towards enhancing its data-driven offerings. On June 12, 2018, the company was acquired by Medidata Solutions, Inc. for USD 195 mn, marking a significant transition in its operational direction. The company has completed a total of 5 deals over its history, with its most recent transaction occurring just prior to its acquisition. The founder's history is not publicly detailed, nor is there information on previous ventures.Shyft Analytics, Inc. offers a suite of digital solutions aimed at improving operational effectiveness through data analytics. Their core products include advanced analytical tools that assist businesses in various sectors, such as healthcare and finance, in making data-driven decisions. Their customer base primarily comprises small to medium-sized enterprises and larger corporations across North America and Europe, looking to leverage analytics to optimize their performance.Shyft Analytics, Inc. operates on a subscription-based revenue model, allowing clients to access a variety of analytical tools and services on a recurring basis. This approach promotes consistent revenue streams and supports scalable growth as clients increase their service usage. Revenue is bolstered further through strategic partnerships with technology providers, which enhances customer value and creates additional financial opportunities.Following the acquisition by Medidata Solutions, Inc., Shyft Analytics, Inc. is expected to focus on expanding its product offerings and entering new markets. Plans include launching enhanced analytics solutions tailored to specific industry needs over the coming year. The resources from the recent acquisition will be utilized to support these initiatives, particularly in leveraging Medidata's extensive network and expertise to penetrate new geographical regions. The company aims to enhance its market presence in Europe and Asia by late 2020, facilitating broader access to its analytics services.

## Funding rounds

- Series B, Mar 29, 2017, $7.5M — Medidata Solutions, Inc., McKesson Ventures, Optum Ventures
- Series B, Aug 30, 2016, $13M — Activate Venture Partners, Health Enterprise Partners, Medidata Solutions, Inc., McKesson Ventures
- Series A, Apr 8, 2014, $4M — Activate Venture Partners
- Series A, Dec 17, 2013, $15M — Health Enterprise Partners

## Investors

- Health Enterprise Partners (https://capitalatlas.ai/funds/health-enterprise-partners) — Series A, Series B
- Activate Venture Partners (https://capitalatlas.ai/funds/activate-venture-partners) — Series A, Series B
- Medidata Solutions, Inc. — Series B
- McKesson Ventures (https://capitalatlas.ai/funds/mckesson-ventures) — Series B
- Optum Ventures (https://capitalatlas.ai/funds/optum-ventures) — Series B