Ratify, a Bellevue startup that’s developing technologies to allow corporations to view network data in one place, has landed $2 million in venture funding from Ignition Partners and Jafco Ventures, according to a SEC filing. The company is led by former Microsoft Vice President Kurt Kolb, who previously led the software giant’s worldwide OEM licensing, anti-piracy and Asia SMB businesses.
Ratify’s tools are designed to help corporations gain better insights into what’s occurring deep inside the network, allowing them to make better buying decisions.
Here’s a description from the company’s Web site:
“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.”
That reminds me a bit of Apptio, the fast-growing Bellevue startup that scored $50 million from T. Rowe Price, Madrona and others in March. We’ve reached out to Ratify for more details.
According to the SEC filing, Ignition’s Cameron Myhrvold and Jafco’s Nick Sturiale are serving on the board.