Deals

Never lose a file again: Docurated nabs its first major funding round

Above: New York City's Chelsea Piers, home to the Docurated office.

Image Credit: Boss Tweed / Flickr

Nowadays, people use a bevy cloud storage services for work — Dropbox, Box, Google Drive, Egnyte, and Hightail just barely scratch the surface.

Now, where the hell did you put that file?

That’s the problem New York City-based Docurated has set out to solve. The startup, which today announced $3.75 million in new funding, offers companies the capability to index and search for all their files, whether they’re on local servers or cloud-storage services.

Docurated CEO Alex Gorbansky

Above: Docurated CEO Alex Gorbansky

“You can think of Docurated as Google for your documents,” said Alex Gorbansky, the company’s CEO and founder, in an interview with VentureBeat. “While the cost of cloud storage is decreasing, the actual cost of retrieving information from all of these different storage repositories has become exceptionally more expensive.”

The company focuses on the enterprise market, as its solution is more useful when dealing with large volumes of content. (Plus, large enterprises are more likely to have money to spend on this kind of functionality than a burgeoning startup.)

Docurated automatically preserves existing authorization and permissions structures so that people can only see content that they were previously able to access. They can also create a new document and push it back into other systems through Docurated.

“It’s the smarts and intelligence of Google with the beauty and visual intelligence of something like an Instagram or a Pinterest,” said Gorbansky.

Since the company’s early 2012 launch, it’s racked up customers like Netflix, IFC, and Cox Media. Gorbansky said 2013 revenues were 2,000 percent higher than 2012′s, and that Docurated is already seeing “significant momentum” in 2014.

Rogers Venture Partners led the $3.75 million funding round in Docurated, bringing the company’s total financing to $5.35 million. (It raised a $1.6 million seed round in summer 2012.)

Docurated currently has 24 employees. With more cash on-hand, it plans to ramp up its sales and marketing team as well as its engineering efforts.

“We haven’t done much marketing yet, but we’re going to be doing more,” said Gorbansky. “We have a singular focus of making information much more discoverable, usable, and valuable.”

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