- Knowledge management software provider Jorsek announced it raised $2.7 million in funding led by Armory Square Ventures
Jorsek — a leading national provider of knowledge management software for the technical documentation market — recently announced that it raised $2.7 million in funding led by Armory Square Ventures (ASV) with participation from Greycroft and Drake Ventures.
This round of funding will enable Jorsek to ramp up sales and marketing to help more companies solve the painful process of publishing and managing massive amounts of technical content.
“We are thrilled to support the Jorsek team and collaborate with CEO Patrick Bosek and CTO Casey Jordan,” said Somak Chattopadhyay, founder and managing partner of ASV. “Patrick is a very strong operator who brings a unique combination of engineering, technical and sales skills. Casey is a highly talented CTO and has built a world-class engineering team. With Jorsek, we saw a golden opportunity to advance a cloud solution that turns unstructured knowledge into structured content, and aids large enterprises by streamlining the update and technical writing processes. Jorsek also has strong recurring revenues and solid unit economics. The investment will supercharge its growth.”
Chattopadhyay is joining Jorsek’s board of directors in conjunction with the funding round.
Jorsek’s software allows companies to publish and manage large volumes of technical information that companies need to share in real-time with large groups of employees and customers. And employees can collaborate on files using a single authoring tool that automatically reformats content into multiple channels like websites, PDFs, print, email, and e-books.
“Jorsek provides a single source of truth for knowledge management, which gives our customers more speed, efficiency, and consistency in the way they publish technical content,” said Jorsek Co-founder and CEO Patrick Bosek in a statement. “Our technology is based on open standards, allowing companies to avoid vendor lock-in and easily port content. Writers’ don’t have to futz with formatting anymore, or assembling and updating materials, only content entry. With our cloud software, companies can cut knowledge management costs by as much as 80%. Now, we are breaking down silos and federating the knowledge function inside a business so a company can focus more on educating their employees and customers and filling their knowledge gaps based on AI.”
The company’s cloud-based tools are delivered in a subscription model online and support some of the largest technical documentations in the world for leading companies like Allstate, Analog Devices, F5, NetApp, and Kyocera.
“Jorsek has a deep product and bunch of great early customers. Now it just needs to scale,” added Greycroft Principal Will Szczerbiak. “Jorsek can become a true system of record for this type of content. We hope to help accelerate things on that front because doing so can unlock the venture scale potential of the opportunity.”
Over the past few years, Jorsek’s revenue has grown nearly 300%. And the investment marks the company’s first round of institutional capital.
