Your Source for Venture Capital and Private Equity Financings

Venture Capital News: Wisegate Gains Wisdom with $3M Funding

2013-05-29
AUSTIN, TX, Private, practitioner-based IT research service for senior technology professionals, today announced key company updates including $3M in new funding.
Austin-based start-up Wisegate, a private, practitioner-based IT research service for senior technology professionals, today announced key company updates including $3M in new funding, the addition of marquis companies to its growing list of world class customers, and the appointment of former Burton Group CEO, Jamie Burton, to its Board of Directors. Wisegate continues to extend its leadership position in IT research innovation by offering the first Information Technology (IT) research service for senior technology professionals that lets them tap directly into the most valuable source of information: the collective intelligence and experiences of their peers.

"We are seeing tremendous momentum on all fronts of the company," said Sara Gates, Founder and CEO of Wisegate. "Wisegate is extending its leadership position in IT research innovation because we offer something unique in the market. This was strongly validated by a group of investors who see that Wisegate is addressing critical issues that are of great concern to today's technology leaders."

Wisegate brought in $3 million of funding from a syndicate of investors including Atlanta Technology Angels, Cowtown Angel Network, Central Texas Angel Network and Golden Seeds. The funding will be used to further expand Wisegate's member base of senior IT professionals, and to build out new member services.

Wisegate has also added new members from Financial Services, Healthcare, Government, Higher Education, Consumer Goods and other industries. Wisegate Members are senior technology leaders from organizations like, AGCO, Alliance Laundry Systems, Ally Bank, Bank of America, Brown University, CalPERS, Carillion Clinic, CIGNA Corporation, City of Tampa, City of Toronto, Government of Alberta, Houston Healthcare, Longterm Healthcare Partners, Philips Electronics, Samsung and The Nature Conservancy.

"Often senior technology leaders struggle to get straight answers about IT," said David Sherry, Chief Information Security Officer at Brown University. "We need to connect to peers, who are the best source of pragmatic information on what works, what doesn't, and key lessons learned. Wisegate provides that in an innovative, useful way."

"There's nothing out there like Wisegate today," said Jeff Bardin, former CISO, Hanover Insurance and CSO, State Street Bank and well known cyber security expert. "It's the members that define and make it valuable. Wisegate is definitely filled with experts, people that have suffered through the same things you have, the failures as well as the successes. I'm finding a lot more value in Wisegate than any other service out there."

In addition, the Company added to its Board of Directors former Burton Group CEO and renowned IT research innovator Jamie Lewis, who brings over 25 years of experience in the IT research industry to the Wisegate Board.

"I am very excited to be joining the Board of Directors of Wisegate," said Lewis. "Wisegate is revolutionizing the IT industry by putting the collection, curation and communication of valuable information directly into the hands of IT practitioners."

Wisegate officially launched in December, 2011. Senior technology professionals who are interested in joining this elite group of peers can request an invitation at http://www.wisegateit.com/request-invite/.

About Wisegate

Wisegate is a practitioner-based IT research service that lets qualified senior technology professionals share information without the bias of analysts, vendors, media or advertisers. Using a crowdsourcing model and advanced algorithms, Wisegate gives these technology professionals trusted, timely, relevant and affordable access to the most authentic intelligence about IT: the collective knowledge and experience of their peers.
(c) by Massinvestor, Inc. For contact info, please check out our about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors