ANN ARBOR, Mich. (PRWEB) February 11, 2020
RXA, the leader in applied artificial intelligence and analytics allowing companies to make smarter, faster decisions today announced it has completed a round of funding backed by Stephen Polk, CEO of Highgate, LLC. a private investment company in Birmingham, MI.
The investment brings an injection of capital to RXA to assist in supporting its growth that has produced a 500% increase in revenue over the past three years. The funding will primarily be used to support further business development and artificial intelligence solution expansion. In addition, Stephen Polk will join RXA’s Board of Directors.
Stephen Polk's investment success is built on a steady approach to strategic equity investments.
Polk states, “We’re not really in the deal business, it’s more about investing in, and waiting for a number of equity investments to mature. Every business goes through its own process of maturing. RXA fits this model perfectly and I am excited to support their growth.”
This philosophy along with Stephen Polk’s philanthropy was very attractive to RXA’s CEO and Founder, Jason Harper.
“Stephen’s background in data and analytics combined with his 'people first' mindset was extremely attractive to RXA and solidified our desire to evolve our relationship. We are looking forward to expanding our success with Stephen on the team for years to come," said Harper.
“As an early investor in RXA, we’ve had the fortunate opportunity to witness RXA's evolution as an industry leader and we are excited to welcome Stephen to the RXA team. Stephen’s network, business acumen, and leadership will be invaluable to RXA’s growth,” said Joe Saad, RXA Board Director and Managing Member, Angel Hall Capital and DIAG Partners.
RXA is a leading applied artificial intelligence and data science company founded in 2016 in Ann Arbor, MI. RXA has a diverse portfolio of services and solutions such as being a leading DOMO implementation and consulting firm, customized artificial intelligence kick-start programs, RXA Studio to support the development of new products and companies and proprietary solutions such as Mixed Media Optimization, Voice of Customer, and Workforce Optimization to help organizations improved their ROI and decision making while streamline operations. RXA’s solutions are currently being leveraged by over 70 different customers across North America, Asia, and Europe.
RXA has been named the 2019 Innovative Partner of the Year by Domo, Inc.
About Stephen Polk
Stephen Polk is president and CEO of Highgate LLC, a private investment company in Birmingham, MI. Previously, he was chairman, president and CEO of R. L. Polk Co. until its sale in 2013 to IHS. He serves as past chairman of the Detroit Regional Chamber of Commerce, vice chairman of the board of trustees of the Cranbrook Educational Community, vice president and director for the Detroit Zoological Society.
About DIAG Partners
DIAG Partners is a full-service staffing, recruiting, and consulting organization, dedicated to solving problems and creating custom-made solutions that are as unique for their customers' needs. They are in the business of solving problems and being a trusted extension of their customers' teams that create strategic solutions.