Dulles-based mobile data platform Gravy Analytics has raised another $5 million as the tech startup seeks to capitalize on a confluence of timing, market growth and funding.
“I think we have the DNA to build a billion-dollar company,” CEO and founder Jeff White said about the company, which was founded in 2011 and now boasts “well north of $10 million” in revenue. “We have it in us. We certainly have the management chops. We have the capital and the market — it’s all here. It’s up to us to execute.”
The new raise puts Gravy’s total funding at about $30 million and has helped build a company that can now easily scale to $300 million, White says, with about 46 employees and offices in New York and on the West Coast. And while the company could grow that way, White said there is always the possibility of a merger or acquisition along the way.
He has previously had successful exits with two other companies, online business professional network mySBX and government tech firm Blue Canopy.