An organization that claims it has developed a “revolutionary” SaaS software to automate the distant assortment and evaluation of cell knowledge from smartphones and short-message chat purposes has accomplished its seed funding spherical of over $1 million.
The corporate, ModeOne, was based by its CEO, Matthew Rasmussen, a litigation help and know-how skilled with twenty years of expertise working at giant, world legislation corporations and main litigation providers corporations. Earlier than founding the corporate, he labored at O’Melveny & Myers in Los Angeles and was beforehand challenge supervisor on the authorized course of outsourcing firm UnitedLex.
Rasmussen stated he was impressed to launch ModeOne to deal with the challenges related to conventional strategies of gathering and analyzing digital knowledge saved on cell phones and short-message chat purposes. He and the attorneys he supported grew pissed off with sluggish, labor-intensive service supply and intensely excessive price.
The product they developed is a self-service, absolutely distant cell knowledge acquisition resolution with world attain. Its SaaS know-how helps shoppers goal, acquire and assessment digital knowledge and short-message chat data rapidly, precisely and with cost-certainty, the corporate says. In response to its web site, product options embody:
- Absolutely distant knowledge acquisition, permitting customers to gather knowledge 25 occasions sooner than by way of conventional strategies.
- Focused acquisition to gather solely the information you want whereas excluding private knowledge resembling images, notes and emails.
- Speedy availability of knowledge inside hours of assortment.
- Flat-fee pricing for correct budgeting.
The seed spherical capital was raised from three buyers: David Marroso, a senior litigation accomplice with O’Melveny & Myers; Dr. Andrew Langroudi, a foot and ankle surgeon and sports activities medication specialist; and Gregory Mazares, a senior govt with over 30 years of expertise in litigation providers and know-how.
Rasmussen stated the funding will probably be used to rent key administration and consumer service personnel, execute advertising and marketing and communications methods, and full precedence product enhancements.
The three buyers have joined the corporate’s board of administrators, with Mazares additionally serving as govt chairman.