# StatX

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

- Industry: Business Support Services
- Headquarters: Santa Clara, US
- Website: www.statx.io
- Total disclosed funding: $2.5M
- Latest round: Seed (Mar 9, 2017)
- Investors on record: 3

## About

StatX Inc. develops advanced data analytics solutions that enhance operational efficiency and decision-making for enterprises across multiple sectors, utilizing sophisticated algorithms to process data into actionable insights.Founded in 2015 in Santa Clara, US, StatX Inc. provides data analytics solutions to various industries. In March 2017, the company raised USD 2.5 mn in Seed funding from Inventus Capital Partners, Signia Ventures, and XSeed Capital, marking its first significant funding round. The company's headquarters is in Santa Clara, a hub for technology firms in the Silicon Valley region. StatX was established to cater to the rising demand for data-driven insights, emphasizing predictive modeling and real-time analysis for its clients.StatX.io specializes in providing advanced data analytics solutions designed to enhance operational efficiency and decision-making for enterprises across various sectors. The company's offerings leverage sophisticated algorithms to transform large volumes of data into actionable insights, facilitating real-time analysis and predictive modeling. These services cater to a diverse client base, including financial institutions, healthcare providers, and retail companies, who seek to optimize their operations and improve customer experiences. The solutions are particularly valuable in industries where data-driven decisions are crucial, such as risk management and supply chain optimization. StatX.io markets its products primarily in North America and Europe, addressing the growing demand for data analytics capabilities in these regions.StatX.io generates revenue through a subscription-based model, enabling clients to access its suite of data analytics tools and services. Clients typically enter into annual contracts that provide them with ongoing support and updates, ensuring they remain at the forefront of data technology developments. The pricing structure is designed to cater to various business sizes, with tailored packages that align with specific client needs. Flagship offerings within their product suite include proprietary analytics software that integrates seamlessly into existing client infrastructures, enhancing overall productivity. By establishing partnerships with key industry players, StatX.io fosters a collaborative approach to market expansion, thereby solidifying its revenue streams through both B2B engagements and direct-to-consumer initiatives.In March 2017, StatX Inc. raised USD 2.5 mn in Seed funding to support its growth initiatives. The company plans to enhance its product portfolio with new analytics tools aimed at improving data visualization and real-time reporting capabilities, with expected launches in late 2023. StatX intends to expand its market presence into Asia, specifically targeting the financial and healthcare sectors by 2024. The recent funding will be utilized to accelerate product development and strengthen marketing efforts in these new regions.

## Funding rounds

- Seed, Mar 9, 2017, $2.5M — Inventus Capital Partners, X/Seed, Signia Ventures

## Investors

- Inventus Capital Partners (https://capitalatlas.ai/funds/inventus-capital-partners) — Seed
- X/Seed (https://capitalatlas.ai/funds/x-seed) — Seed
- Signia Ventures (https://capitalatlas.ai/funds/signia-ventures) — Seed