Bellevue-based Ratify, a stealthy startup that was developing a data analytics platform to better understand network information, notified employees this week that it is ceasing operations, according to a source who was familiar with the changes.
It’s unclear why the company pulled the plug, or what’s next for the Ratify technology. However, the company’s Web site now links to HubSpot, the heavily-funded Cambridge, Massachusetts-based marketing software company.
We’ve reached out to Ratify to get more details on what’s going on, and we’ll update this post as we learn more. We’ve also contacted HubSpot. UPDATE: Here’s a statement from HubSpot.
“The only reason you see our login screen on their site is that they are/were a customer. I am working with our account management team to rectify this issue, but we have not acquired them nor are we in the process of doing so.”
According to a SEC filing last fall, Ratify raised $2 million in venture capital funding from Ignition Partners and Jafco Ventures. At the time of the funding, executives at Ratify declined to comment.
Board members included Ignition’s Cam Myhrvold and Jafco’s Nick Sturiale (now at Ignition). Reached yesterday, Myhrvold declined to comment. The news comes the same week that Ignition announced its new $150 million venture capital fund.
Ratify was founded by Kurt Kolb, a former Microsoft vice president who had served as an entrepreneur in residence at Ignition.
Here’s a previous description of what Ratify was building:
“The Ratify data analytics platform show who’s using what, when, for what purpose, and how often and paints a detailed picture of how employees are using or not using software. It compiles all the data related to the activities, performance, and connections between hardware, software, and human beings—the true cost drivers—and then reveals the meaning behind this data in the form of charts, tips, benchmarking, and recommendations.”
