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CloudInsyte

January 9, 2019: Kate Huber & Josh Ferry, Founders

 

     CloudInsyte's mission is to modernize the due-diligence process of selecting tech & cybersecurity vendors that match a company's needs and preferences. Average procurement within these spaces is time-consuming and costly, with increasing difficulty due to the constant emergence of new vendors, products and services in the market.

     CloudInsyte has already proven that their approach reduces the time, cost, and resource burden of this due-diligence and selection process by utilizing their data profiles and customized algorithms.  CloudInsyte is building a platform that will further automate this process, create a more available interaction through a user-friendly interface and allow them to scale the business effectively.

     CloudInsyte leverages agreements with vendors in their marketplace to create a revenue stream through ~20% revenue share on the client business referred to the vendor by CloudInsyte. Eventually, licensing the software will generate another revenue stream.

     CloudInsyte has been accepted to START-UP NY, a tax-incentive and academic partnership program with NY State and UB. CloudInsyte was also accepted to the Launch NY program and is currently working with their Entrepreneur-in-Residence. CloudInsyte has already raised $100k in capital in a friends-and-family round to jumpstart the company.

     Kate Huber comes from a software background, previously running core product and dev ops for a healthcare tech company where she was employee #5 and led the team through a $37M series A. Josh Ferry is an experienced tech leader and founder, most recently an executive member of a software company that sold for $1.4B to HG.

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