# Umuse

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.umuse.io
- Total disclosed funding: $5M
- Latest round: Seed (Mar 21, 2018)
- Investors on record: 3

## About

Umuse, Inc. specializes in providing innovative technological solutions aimed at enhancing operational efficiency through advanced analytics and automation across various sectors, particularly focused on enterprise clientele.Umuse, Inc. is a technology company founded in 2016 and headquartered in Austin, US. The company offers software solutions that help streamline processes for mid to large-sized businesses. Founded by Kevin Schell, Umuse has raised a total of USD 5.00 mn in Seed funding from investors including Floodgate, Next Coast Ventures, and Shasta Ventures. The most recent funding round took place on March 21, 2018, and was the only round of funding received to date.The company's core product offerings center around innovative technological solutions designed to enhance operational efficiency and streamline processes across various sectors. Their flagship product is a comprehensive software suite that integrates advanced analytics, machine learning, and automation to address specific industry challenges such as resource management and data optimization. This suite is tailored for enterprise clients in the manufacturing, logistics, and healthcare sectors, with an emphasis on improving decision-making and reducing operational costs. The solutions have been released progressively over the last five years, gaining traction among mid to large-sized businesses in North America and Europe. The customer base predominantly consists of industry leaders seeking to leverage technology to maintain a competitive edge while the end-users benefit from enhanced productivity and reliability in their daily operations.The company's revenue model is structured around a subscription-based service that provides clients access to their software solutions and ongoing support. Transactions typically occur through annual contracts, allowing clients to scale their usage and access additional features as needed. Pricing plans are tiered, with different levels corresponding to the size of the client’s operations and the specific services utilized. The primary revenue stream is generated from these subscription fees, supplemented by revenue from partnerships with system integrators and value-added resellers who promote the software within their networks. This structure not only ensures a steady income flow but also fosters long-term relationships with clients, enabling them to adapt their service usage as their business needs evolve.Umuse, Inc. plans to utilize the USD 5.00 mn raised in Seed funding to enhance their product offerings and expand their market reach. The company is working on new product developments aimed at addressing emerging industry needs, with plans for a new software release scheduled for late 2023. Furthermore, Umuse is targeting expansion into European and Asian markets by 2024, as part of its strategy to grow its international presence.

## Funding rounds

- Seed, Mar 21, 2018, $5M — Shasta Ventures, Floodgate, Next Coast Ventures

## Investors

- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Seed
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Seed
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Seed