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January 30, 2006

Brad Feld heaps praise on Stratify

Brad Feld of Mobius VC heaps praise on the performance of Stratify, Inc. on his blog.
It’s always really exciting when a portfolio company hits its inflection point and has a year of extreme growth. All venture backed companies always predict their growth will follow a “hockey stick curve”. This of course is the exception, not the norm, for the vast majority of startups.

Stratify had its hockey stick in 2005 – by the end of the year we’d had over 400% growth off of a multi-million dollar base revenue from 2004. While it’s easy to sit back and be delighted (or even a little stunned), there is no end in sight, which is a tribute to Ramana Venkata and his awesome team.

Stratify was founded in 1999 - as Purple Yogi - by former Intel Corp. scientists, Ramana Venkata and Ramesh Subramonian, along with Rakesh Mathur (former co-founder of web database firm Junglee). In 2001, the company changed its business model (from selling to consumers) to selling its software as a service to enterprises.

The company, which positions itself as "Oracle of the unstructured information space" , is currently focused on helping law firms in electronic discovery applications. For instance, Stratify's Visual Email Analytics enables attorneys to quickly investigate email patterns and hidden relationships to locate key documents.

Stratify has received funding from Mobius, Intel Capital, H&Q Asia Pacific/At India, In-Q-Tel (the CIA's VC arm) and Skyblaze Ventures (Rakesh Mathur's venture investment firm). Its clients include the CIA, Inlumen and Infosys Technologies. Stratify is headquartered in Mountain View, CA and has a development center in Bangalore, India.

Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.