Elevada Moves to TechTown upon Invest Detroit Ventures Funding

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Elevada, SaaS provider of data preparation and automation tools, reaches several growth milestones: graduation from EvoNexus incubator; investment from Invest Detroit Ventures; headquarters move to TechTown in Detroit, MI.

With the ubiquity of big data and analytics, Elevada's technology is [solving] for the biggest pain points ... data harmonization and improving access to usable data.

Elevada, which solves knowledge workers’ needs for data agility, is pleased to announce its graduation from Southern California’s EvoNexus incubator program. Seeded by Invest Detroit Ventures, Elevada moves its headquarters from San Diego to Detroit and will be based out of TechTown in Midtown Detroit. Founded in 2014, Elevada provides agile data preparation and automation tools for customers in healthcare, pharma, life sciences and IoT industries.

“We are excited about our move to the Midwest and impressed by the growing tech environment fostered in Detroit,” says Elevada’s CEO, Peter Dresslar. “Being a part of Invest Detroit’s portfolio and TechTown’s network will allow us to connect with prospects and partners as well as allow us to speed up our release cycles for our growing client base.”

Invest Detroit is a certified Community Development Financial Institution through private, public and philanthropic sectors. Its affiliate Invest Detroit Ventures is committed to serving early-stage, regional startups with capital and growth opportunities.

Patti Glaza, GM of Invest Detroit Ventures explains, “We are very excited to work with the Elevada team. With the ubiquity of big data and analytics, Elevada’s technology is helping companies solve for the biggest pain points which are data harmonization and improving access to usable data. Elevada is a prime example of how Invest Detroit is investing in startups with great growth potential for the benefit of the region.”

Founded by Wayne State University, TechTown offers incubation and acceleration strategies for tech companies to thrive. The growth of tech companies is strengthening neighborhood small businesses and commercial corridors across Detroit.

“We are grateful to our partners at Invest Detroit in efforts to grow innovation in our region by supporting our local entrepreneurs,” says Paul Riser, GM of TechTown’s Tech Entrepreneurship. “Having Elevada as part of the greater TechTown community is an asset to our users and partners who are reliant on data. Data agility and time-to-data are becoming more important with the growth of artificial intelligence and business insights.”

About Elevada
Elevada’s mission is to enable usable data contribution by every person in the enterprise. Elevada’s solutions dramatically lower the barriers to everyday data tasks, turning data-cleansing chores into simple, automated directives. Business analysts and data scientists are freed up from data tasks and spend more of their valuable time in analysis and analytic development. Visit us at http://www.elevada.com.

About Invest Detroit Ventures
Invest Detroit Ventures is committed to supporting the entrepreneurial ecosystem with capital, on-going mentorship, and community engagement. We implement targeted venture development programs to help build and promote scalable businesses in the region. Our team is committed to growing a robust tech community in Detroit and throughout Michigan. We are collectively focused on implementing an investment strategy that is inclusive and supportive of minority, immigrant, and women entrepreneurs. Visit us at http://www.investdetroit.vc.

About TechTown
TechTown is Detroit’s most established business accelerator and incubator, offering a full suite of entrepreneurial services for both tech and neighborhood enterprises. TechTown helps startup and established businesses develop, launch and grow, while strengthening and diversifying the local economy. Visit us at http://www.techtowndetroit.org.

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Alison Sullivan
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