# Socratic Works

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/socratic-works

- Industry: Software
- Headquarters: Mountain View, US
- Website: www.socraticworks.com
- Total disclosed funding: $3M
- Latest round: Seed (Oct 21, 2021)
- Investors on record: 2

## About

Socratic Works, Inc. specializes in providing an AI-driven project management tool tailored for technical project leaders in software development, enhancing operational efficiency and project oversight through advanced analytics and insights.Founded in 2020 and headquartered in Mountain View, US, Socratic Works, Inc. focuses on creating innovative solutions for project management. The company was established by Nolan Wright, who has a background in software development. In October 2021, Socratic Works raised USD 3.000 mn in Seed funding from investors including Unusual Ventures and Overtime.vc, bringing the total amount raised to USD 3.000 mn.Socratic offers a sophisticated AI-driven project management tool designed specifically for technical project leaders in the software development sector. Its core service leverages machine learning to analyze metadata from project management platforms like Jira and Git, generating insights regarding project health, efficiency, progress, and team capacity. This solution addresses common pain points in project management, such as estimating timelines, identifying risks, and tracking continuous improvement, thereby facilitating better decision-making and operational efficiency. With a focus on enhancing collaboration among teams, Socratic serves a diverse clientele that includes software development companies across North America and Europe, positioning itself as a critical resource for project managers seeking to streamline their processes and improve outcomes.Socratic generates revenue through subscription-based models tailored to organizations seeking advanced project management solutions. The business structure is predominantly B2B, where customers subscribe to the platform for access to its features. Clients typically engage in annual or monthly subscription agreements, allowing teams to utilize the AI capabilities without the need for extensive training periods. Specific pricing plans for various tiers of service are structured to accommodate different organizational needs, reflecting the comprehensive nature of the platform. This subscription model ensures a steady revenue stream as clients continuously leverage Socratic's offerings to enhance their project management capabilities.Socratic Works, Inc. plans to utilize the USD 3.000 mn raised in Seed funding to hire more employees and focus on enhancing the software development process. The company aims to release new features aimed at improving project management efficiency, with specific timelines to be announced. Additionally, Socratic is targeting expansion into new markets within Europe and North America by the end of 2023, to widen its reach and enhance its service offerings.

## Funding rounds

- Seed, Oct 21, 2021, $3M — Unusual Ventures, Overtime.vc

## Investors

- Unusual Ventures (https://capitalatlas.ai/funds/unusual-ventures) — Seed
- Overtime.vc — Seed