Docurated announced that it has raised $3.75 million in its first major financing. The New York-based startup helps enterprises index and search for their files on both local and cloud storages, according to VentureBeat.
Founder and Chief Executive Officer Alex Gorbansky explained: "You can think of Docurated as Google for your documents. While the cost of cloud storage us decreasing, the actual cost of retrieving information from all of these different storage repositories has become exceptionally more expensive."
The startup mainly focuses on the enterprise market, because its services if more useful for large content volume. Docurated has an automatic authorization and permission preserving feature to allow users to only see content that they have previously accessed. Users can also create a new file and put it into other systems using Docurated. The firm's clients include Netflix, Cox Media, and IFC, the report detailed.
This funding round was led by Rogers Venture Partners. The latest financing brings Docurated's total raised capital to $5.35 million to date, the report added.
Docurated currently employs 24 workers. With the new capital, the startup plans to beef up its sales and marketing division, and its engineering campaigns, VentureBeat reported.
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