Maryland-based company develops a suite of SaaS products to support better decision making
COLUMBIA, Md., (August 20, 2024) — TEDCO, Maryland’s economic engine for technology companies, announced a recent $500,000 investment in Revelo. This investment was made in two parts, with $300,000 coming from TEDCO’s Social Impact Funds and $200,000 invested from the Seed Funds.
“Our team has built an ecosystem of low code and modular Revelo products that address many end-to-end digital transformation needs. Enterprise Revelo reduces the types of skills and resources needed to quickly standup and integrate new applications. Revelo has configurable workflows and reduces technical debts in areas of security, accessibility and monitoring controls,” said Tracye Turner, founder of Revelo. “With the surge in interest in AI, e-government, CX, and real-time decision systems, Revelo can help government and organizations get up to speed quickly!”
Revelo, located in College Park, Md., has developed a suite of products designed to capture, analyze and report on multiple metrics from various sources. With data collection, data analysis and data reporting capabilities, the Revelo integrates with several commercial business intelligence dashboards as well as open-source software. Their solution aims to offer flexible features at cost-efficient prices.
“TEDCO is dedicated to supporting technology entrepreneurs throughout Maryland find the tools and funding needed for success,” said Jean-Luc Park, senior director, Social Impact Funds. “This Social Impact Funds investment into Revelo is a great example of this support. We look forward to seeing Revelo’s continued growth.”
The Social Impact Funds were created to support underrepresented entrepreneurs throughout Maryland. For information about TEDCO’s Social Impact Funds, visit https://www.tedcomd.com/funding/social-impact-funds.
“As Maryland’s economic engine for technology startups, we are always excited to see innovative thinkers working to support others,” said Teddy Gresser, director, Seed Funds. “Through this Seed Fund investment, we hope to see the continued growth of Revelo Software.”
TEDCO’s Seed Funds are essential for businesses with the potential to grow their sustainability through customer revenue or other corporate ventures. For more information regarding TEDCO Seed Funds, please visit https://www.tedcomd.com/funding/seed-funds.