Posted April 26, 2021
USM Maryland Momentum Fund Invests $250,000 in Qualytics
Baltimore, Md. (April 26, 2021)– The University System of Maryland (USM) Momentum Fund (MMF) has invested $250,000 in Qualytics Inc., a data quality company that offers the Qualytics Data Firewall, a platform that monitors data with real-time surveillance. Qualytics uses advanced data operations and machine learning to enable governance, auditing, and data security by detecting data quality anomalies in real-time and preventing bad data from entering downstream systems. The MMF investment is part of Qualytics’ seed round which includes Inner Loop Capital, The LegalTech Fund, TCP Venture Capital, Saas Ventures, and Gaingels, among other early stage and angel investors.
“We all use data every day. There are a lot of companies handing data infrastructure, but Qualytics is focused on a critical gap -- data integrity. This team has had multiple successes before, and we are excited to see where Qualytics goes next,” said Claire Broido Johnson, Managing Director of the Maryland Momentum Fund.
Qualytics was founded by Gorkem Sevinc (Co-founder of Facet Wealth and emocha Health) and Dan Roche (Founder of Rapid System Solutions & Condor Technology Solutions, CEO/Owner of e.magination, Director of Agile Network Builders and emocha Health) in April of 2020. Qualytics is a tenant at the bwtech@UMBC Research & Technology Park at the University of Maryland, Baltimore County (UMBC).
Read the full release from the University System of Maryland.