Catalyte
| File:Catalyte Logo image.png | |
| Privately owned | |
| ISIN | 🆔 |
| Industry | Software |
| Founded 📆 | 1998 |
| Founder 👔 | |
| Headquarters 🏙️ | Baltimore, MD,United States |
Area served 🗺️ | |
Key people | Mike Rosenbaum (Founder), Jacob Hsu (CEO) |
| Members | |
Number of employees | |
| 🌐 Website | catalyte.io |
| 📇 Address | |
| 📞 telephone | |
Catalyte is a Baltimore, Maryland-based software engineering services company that identifies, trains, and places individuals into technology jobs. The company's workforce development model disregards the indicators of work experience and educational attainment in favor of artificial intelligence and predictive analytics.[1][2]
History[edit]
Following his Harvard Law School graduation in 1998, founder Mike Rosenbaum received an Irving. R. Kaufman Fellowship to support the first version of Catalyte's talent selection and team assembly.[3] Originally founded in Baltimore as the nonprofit Catalyst Associates Inc., this iteration failed, and was subsequently reestablished as a private entity.[4]
Headquartering in Baltimore's Otterbein neighborhood, Catalyte grew to over 800 employees, with satellite locations in Chicago, Denver, and Portland.[5]
In 2018, Catalyte acquired software development firm Surge and raised a $27 million Series A funding round.[6]
In 2019, Catalyte launched its first consumer product, Odyssey, a standardized platform to improve the technology workforces of other companies.[7]
In 2020, Catalyte launched ReTrainAmerica, a national exchange that connects American workers with retraining opportunities.[8] In late 2020, the city of Baltimore announced the launch of a new Technology and Software Development Fellowship program in partnership with Catalyte, with the ultimate goal of training more Baltimore-area residents in software skills. Baltimore Mayor Jack Young said the partnership was both an investment in the long-term health and economic wellbeing of Baltimore, as well as a pathway to jobs for more Baltimoreans.[9]
Current United States Secretary of Veterans Affairs Denis McDonough previously served as a member of Catalyte's Board of directors.[10]
References[edit]
- ↑ Eichensehr, Morgan. "Baltimore software services raises $27 million, makes acquisition amid national push". Baltimore Business Journal.
- ↑ Thibodeaux, Wanda. "This Tech Company Wants to Put an End to the Resume (and They're Using AI to Do It)". Inc.com.
- ↑ Giang, Vivian. "IT Services Company Takes 'Moneyball' Hiring To The Next Level". Business Insider.
- ↑ Cohn, Meredith. "A well-paid design for life". Baltimore Sun.
- ↑ "Catalyte Accelerates Innovation in Portland, Oregon". PR News Wire.
- ↑ Babcock, Stephen. "This Baltimore company is using data to change tech hiring, and just raised $27M". technical.ly.
- ↑ Eichensehr, Morgan. "Catalyte's new product will help companies identify, then train employees as developers". Baltimore Business Journal.
- ↑ Eichensehr, Morgan. "Catalyte launches platform to help millions of out-of-work Americans train for jobs". Baltimore Business Journal.
- ↑ "Catalyte trains Baltimore residents to be software developers, city employees through new partnership". Baltimore Business Journal.
- ↑ Alexander, Dan. "Here's How Much VA Secretary Denis McDonough Is Worth". Forbes.
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